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Banque de Kigali
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:the deal wrote:Bank of Kigali does not impress me me too, though the name has a ring to it. What are your reasons?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BK projects IPO to be oversubscribedhttp://www.newtimes.co.rw/index...=14686&article=43169Quote:BK’s Chief Operational Officer, Lawson Naibo, told Business Times on Monday that the turnout in first two weeks of the offer is quite impressive.
“We are anticipating that the retail pool is going to be oversubscribed according to the reports from banks and stockbrokers. Banks are reporting huge turnouts of clients buying the shares,” Naibo explained.
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Naibo also said that BK is facilitating people to buy shares through loans.
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Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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Anybody with an idea on how this IPO is progressing(demand from Kenya,UG,RW etc? 
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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I am just disappointed in one thing with this IPO: That you apparently cannot directly instruct your broker to invest the refunds. The refunds must first come back to you, which means currency losses; unless you have an account in RwF! What a setback! Although l understand its the case even here; your refund must come to you first as it cant be paid to your broker by the receiving bank! The laudable is more often than not rendered laughable by overclaim
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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detomweri wrote:Anybody with an idea on how this IPO is progressing(demand from Kenya,UG,RW etc? detomweri, an oversubscription seems to be the only plausible outcome here GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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This is interesting news. I already sent my application on Monday 25th July 2011 via CFC. The manager said the applications they received for this share surpassed the total applications received for British American IPO..surprising.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Went in big on this one. If demand is anything to go by, the secondary market will be active...further once the NSE demutualisation is complete, I believe reverse cross listing will be done from Kigali and that is a good time to already be owning these shares...as for now, the paltry shares one gets will hopefully appreciate well enough to knock off the forex conversion losses.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I am also waiting for that day. Once the RSE stocks crosslist in NSE things will be rosy.
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Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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Today is the closing date.Has anybody been to the brokerage houses to update us on the Response? This is in consideration that Kenyans like the last minute rush!
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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@ecstacy: Seems we will either sink or float together :) The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Barrywhite wrote:@ecstacy: Seems we will either sink or float together :) haha! float we shall my friend.
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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And l say amen to that! The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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So who else put their money here? Please post on this thread when you hear anything. I'm so optimistic about this one.
BBI will solve it :)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BK’s IPO oversubscribed by 274%http://www.newtimes.co.rw/index...=14712&article=43997Quote:“Today, we are happy to announce the overall outcome of the IPO. Retail investors were oversubscribed by 291 percent of what was offered, institutional investors from Rwanda 165 percent, institutional investors from the region 221 percent, international investors 330 percent and BK employees and Management 135 percent,” Rwangombwa announced.
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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The oversubscription rate seems to be within expectation, seeing how much excitement there was. The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I wonder how much we'll get... 30% allocation maybe?
BBI will solve it :)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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30-40% allocation is the likely case here. A replica of Bralirwa.
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Rank: Member Joined: 12/11/2006 Posts: 884
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mwekez@ji wrote:30-40% allocation is the likely case here. A replica of Bralirwa. What was the allocation % of bralirwa, coz all i remember is that i received all the shares i applied for “Invest in yourself. Your career is the engine of your wealth.”
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Rank: New-farer Joined: 3/4/2010 Posts: 67 Location: Nairobi
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For Bralirwa, all those who applied upto a maximum of 70,000 shares got their allocation in full and thereafter,the allocation was on a pro-rata basis.The allocation criteria for BOK will be known this Friday 12th(That is if we go as per the offer timetable)
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