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411 on dividend and AGM
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VituVingiSana
#301 Posted : Saturday, July 23, 2016 9:54:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.

If the shares are held in YOUR name e.g. Hisa Ebenyo then you have a UNIQUE numbers that the CDSC assigned you.

Your dividend can go to ANY bank YOU determine it should go to. There's a CDS 1 form you should fill out and then fill in the bank details. Take the form back to your CDA [your broker] and they should process it. Make sure you keep one copy. Make sure you have a copy that has been stamped by the CDA.

1) If your bank/broker acts funny, make sure you enquire with CDSC about the change-over. You can also write to CDSC about the requested change.

2) If you want to, you can even MOVE your shares to another broker which is NOT affiliated with your bank. I prefer that so if there is any monkey business at/by the bank or broker, my shares or cash are safe.

3) If your bank/broker is who I think it is... I advise you get a new broker - ask Wazuans for advice - who can't access your bank account nor can the bank access your shares!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#302 Posted : Saturday, July 23, 2016 10:11:11 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.

If the shares are held in YOUR name e.g. Hisa Ebenyo then you have a UNIQUE numbers that the CDSC assigned you.

Your dividend can go to ANY bank YOU determine it should go to. There's a CDS 1 form you should fill out and then fill in the bank details. Take the form back to your CDA [your broker] and they should process it. Make sure you keep one copy. Make sure you have a copy that has been stamped by the CDA.

1) If your bank/broker acts funny, make sure you enquire with CDSC about the change-over. You can also write to CDSC about the requested change.

2) If you want to, you can even MOVE your shares to another broker which is NOT affiliated with your bank. I prefer that so if there is any monkey business at/by the bank or broker, my shares or cash are safe.

3) If your bank/broker is who I think it is... I advise you get a new broker - ask Wazuans for advice - who can't access your bank account nor can the bank access your shares!


Its true bro,my shares are with Equity bank custodial.My dividends pass in my savings account here too.As im 300km from nairobi,here in kitale i have little options to choose in terms of best custodial bank or broker.Can you suggest any lead pliz?
Towards the goal of financial freedom
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VituVingiSana
#303 Posted : Saturday, July 23, 2016 10:38:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.

If the shares are held in YOUR name e.g. Hisa Ebenyo then you have a UNIQUE numbers that the CDSC assigned you.

Your dividend can go to ANY bank YOU determine it should go to. There's a CDS 1 form you should fill out and then fill in the bank details. Take the form back to your CDA [your broker] and they should process it. Make sure you keep one copy. Make sure you have a copy that has been stamped by the CDA.

1) If your bank/broker acts funny, make sure you enquire with CDSC about the change-over. You can also write to CDSC about the requested change.

2) If you want to, you can even MOVE your shares to another broker which is NOT affiliated with your bank. I prefer that so if there is any monkey business at/by the bank or broker, my shares or cash are safe.

3) If your bank/broker is who I think it is... I advise you get a new broker - ask Wazuans for advice - who can't access your bank account nor can the bank access your shares!


Its true bro,my shares are with Equity bank custodial.My dividends pass in my savings account here too.As im 300km from nairobi,here in kitale i have little options to choose in terms of best custodial bank or broker.Can you suggest any lead pliz?

Why are you using "Equity Custodial Services" vs dealing directly with Equity Stockbrokers?

Also check with ABC Bank & NIC Bank which have brokerage arms. If they are in Kitale.

Please note if the shares are in YOUR name vs a 'nominee account' then you can designate the dividend goes to any bank you choose.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#304 Posted : Saturday, July 23, 2016 10:55:05 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.

If the shares are held in YOUR name e.g. Hisa Ebenyo then you have a UNIQUE numbers that the CDSC assigned you.

Your dividend can go to ANY bank YOU determine it should go to. There's a CDS 1 form you should fill out and then fill in the bank details. Take the form back to your CDA [your broker] and they should process it. Make sure you keep one copy. Make sure you have a copy that has been stamped by the CDA.

1) If your bank/broker acts funny, make sure you enquire with CDSC about the change-over. You can also write to CDSC about the requested change.

2) If you want to, you can even MOVE your shares to another broker which is NOT affiliated with your bank. I prefer that so if there is any monkey business at/by the bank or broker, my shares or cash are safe.

3) If your bank/broker is who I think it is... I advise you get a new broker - ask Wazuans for advice - who can't access your bank account nor can the bank access your shares!


Its true bro,my shares are with Equity bank custodial.My dividends pass in my savings account here too.As im 300km from nairobi,here in kitale i have little options to choose in terms of best custodial bank or broker.Can you suggest any lead pliz?


Ebenyo inbox me your barua pepe to limberlyk at gmail dot com
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  | | Edit by user: Saturday, July 23, 2016 10:57 PM | Reason: Not specified
BGL
#305 Posted : Saturday, July 23, 2016 11:02:45 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
I pay 220bob for all incoming EFTs which includes dividends.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Saturday, July 23, 2016 11:05 PM | Reason: Not specified
obiero
#306 Posted : Saturday, July 23, 2016 11:09:23 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,320
Location: nairobi
The best bet is to have significant shares ndio tusije hapa kulaminika kuhusu 220bob bank charge
COOP, IMH, KEGN, KQ, MTNU
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enyands
#307 Posted : Saturday, July 23, 2016 11:33:17 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
obiero wrote:
The best bet is to have significant shares ndio tusije hapa kulaminika kuhusu 220bob bank charge



Ndugu not everyone can afford the much shares you do have .I guess if you know you don't have alot of shares it's better you get a snail mail.but if you know you have hundreds of thousands of shares as obiero had earlier then eft is more convinient
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Ebenyo
#308 Posted : Sunday, July 24, 2016 6:08:13 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
enyands wrote:
obiero wrote:
The best bet is to have significant shares ndio tusije hapa kulaminika kuhusu 220bob bank charge



Ndugu not everyone can afford the much shares you do have .I guess if you know you don't have alot of shares it's better you get a snail mail.but if you know you have hundreds of thousands of shares as obiero had earlier then eft is more convinient


wachana na huyo.He has lost his respect and moral authority of wazua elder.Let him work hard to redeem his tarnished image first before he speaks on anything.
This thread sio ya speculators.This is for serious people who want to create wealth.Watu ya kutafuta pesa mingi ya kumaliza kwa siku moja wakwende huko mbali.
Towards the goal of financial freedom
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Ebenyo
#309 Posted : Sunday, July 24, 2016 6:10:15 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
enyands wrote:
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
My bank doesn't charge a penny on incoming EFT/RTGS. I am surprised y'all are sticking with such a bank. And some of the charges are very hefty.


who is your banker? the problem i have is that my shares are held by the same bank.so if i were to change bank,i will have to change CDS account too which is a tedious process.

If the shares are held in YOUR name e.g. Hisa Ebenyo then you have a UNIQUE numbers that the CDSC assigned you.

Your dividend can go to ANY bank YOU determine it should go to. There's a CDS 1 form you should fill out and then fill in the bank details. Take the form back to your CDA [your broker] and they should process it. Make sure you keep one copy. Make sure you have a copy that has been stamped by the CDA.

1) If your bank/broker acts funny, make sure you enquire with CDSC about the change-over. You can also write to CDSC about the requested change.

2) If you want to, you can even MOVE your shares to another broker which is NOT affiliated with your bank. I prefer that so if there is any monkey business at/by the bank or broker, my shares or cash are safe.

3) If your bank/broker is who I think it is... I advise you get a new broker - ask Wazuans for advice - who can't access your bank account nor can the bank access your shares!


Its true bro,my shares are with Equity bank custodial.My dividends pass in my savings account here too.As im 300km from nairobi,here in kitale i have little options to choose in terms of best custodial bank or broker.Can you suggest any lead pliz?


Ebenyo inbox me your barua pepe to limberlyk at gmail dot com


i have already contacted you.Get back to me.
Towards the goal of financial freedom
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gatoho
#310 Posted : Sunday, July 24, 2016 8:20:00 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
BGL wrote:
I pay 220bob for all incoming EFTs which includes dividends.


Pains me as I have lots of odd lots that remains after exits, and some even pay interim dividend
Foresight..
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