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What is Dyer & Blair up to ?
young
#1 Posted : Friday, September 04, 2009 7:12:00 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
PLEASE READ BELOW





























To our esteemed client,

Kindly note that effective 24th of August 2009,all accounts that had been dormant for more than three months were automatically deactivated for risk management purposes. Going forward you will be able to access all our online services except placing of orders and requesting for payment. To activate your account,you will be required to fill out the activation form,click here to download,scan it together with a copy of your ID/Passport and send it to the email address shares@dyerandblair.com for processing.

Please note that this activity will reoccur every three months if an account remains inactive.

Thank you for choosing Dyer and Blair as your Investment Partner.






Regards,

Ronald AbonyoOperations ManagerTel: +254 (20) 3240125Fax: +245 (20) 3240114





LEASE READ BELOW





AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
swaka
#2 Posted : Friday, September 04, 2009 9:27:00 PM
Rank: Member


Joined: 8/18/2006
Posts: 8
wondering why i got the same email when my account isn't dormant.


Investing in stocks without doing the homework that lets you arrive at a fair estimate of the value of business it represents,is like buying a house without ever having stepped inside.
young
#3 Posted : Saturday, September 05, 2009 12:22:00 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
What suprises me is that I have never heard of such rule in a stock broking account anyway in the world not to talk of the nomura nominee account I maintain with them as a non resident foreigner.

Besides bank accounts world wide is dormant after 6 months of inactivity not 3 months as what they specify.

My fear is that I hope other stock broking firm will not take a cue from them,and bring all sort of conditions.

I do not believe any stockbroker should dictate how often you transact on your account.

I am waiting and watching,might be to move my portfolio there to Faida. when next I come to Nairobi.





AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Sheraw9
#4 Posted : Saturday, September 05, 2009 2:01:00 AM
Rank: Member


Joined: 9/6/2006
Posts: 13
Smart way to ensure that they keep receiving the commisions. Dormant clients dont transact..translating in no commision to the broker.

Its about time..

' How will you know where i'm at,If u dont know where i've been ',,,,Unknown.
sheep
#5 Posted : Saturday, September 05, 2009 6:36:00 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
D&B online system is a nightmare,it is meant for the undiscerning investor.You have to make an order before 9.00am at best price(usually executed at the lowest price of the day) for that order to be executed the same day.Specified price orders are usually ignored.So when you spot a trend forming you cant act decisively to profit from it due to the inefficiency of the system.What investors want is fast executions of orders,nothing more.T+4 trading is a big joke.D&B UP YOUR GAME!!!!

Well thats just me,others may be comfy with it so no ones being forced.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
jerry
#6 Posted : Saturday, September 05, 2009 7:51:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@sheep. I'm comfy! Which is ur better alternative. @young. I understood the message to refer to online acc. Why would u've an online acc and not trade for 3 months? Ur shares will still be with them and u can write them an email to place orders.

Crocodile tears: If you can't assist me when I'm alive en you attend my funeral.
The opposite of courage is not cowardice, it's conformity.
sokomjinga
#7 Posted : Saturday, September 05, 2009 8:48:00 AM
Rank: Member


Joined: 4/5/2008
Posts: 183
This means that D & B wants to make money from dormant accounts by charging heavily on re-activation charges - someting like KES 300-1000 per re-activation.

What can happen during the period the A/C is deactivated?

Otherwise why would the deactivation/re-activation be required? They want to force us to sell (or buy?),even when one does not need to do it.

This is ridiculous. Maybe time to move out of that place!


All beginnings are difficult ..... ..... everything has an end,only a sausage has two.
Taunet Neelel ..... New Beginning .....
PKoli
#8 Posted : Saturday, September 05, 2009 8:52:00 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
You better shift to African Alliance. Much easier when you want to trade in Uganda shares. The service is professional.

what is your view on the state of World and African market? current and going forward?


PKoli
jerry
#9 Posted : Saturday, September 05, 2009 10:34:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@soko... It is only online services(infact making orders and EFT payments request) that will be de-activated. Who said there will be payments for re-activation? Pkoli. What's the site for AA?

Crocodile tears: If you can't assist me when I'm alive en you attend my funeral.
The opposite of courage is not cowardice, it's conformity.
Kamaa
#10 Posted : Saturday, September 05, 2009 10:45:00 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@jerry just google african alliance.. @mjinga i dont think they can impose reactivation fee otherwise they will be indirectly telling us to shift to other IBs.

you've heard me..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
PKoli
#11 Posted : Saturday, September 05, 2009 10:56:00 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@jerry


research.africanalliance.com



PKoli
sheep
#12 Posted : Saturday, September 05, 2009 11:52:00 AM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
@jerry

use their agents and make sure you know one personally and also have their day contacts.The transactions are reflected on the online system hence no fraud can take place.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
Agra
#13 Posted : Saturday, September 05, 2009 1:02:00 PM
Rank: Member


Joined: 4/22/2007
Posts: 96
Location: Agra, India
They are in to no good.Its is wrong to force people to trade when they dont want.And i remember i was transfering my portfolio from them when they frustatated me telling the signatory is not there or other excuse;.They should stop not so funny tricks.

NAMASTE !Don't be unrealistic with your expectations
It's easy for investors to get emotional and prejudiced when trading, but computers don't
miser
#14 Posted : Saturday, September 05, 2009 3:06:00 PM
Rank: Member


Joined: 7/7/2008
Posts: 124
Akufukuzaye.......... hakwambii toka!!!!

Share ideas for a better Kenya!!
Mainat
#15 Posted : Saturday, September 05, 2009 3:42:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
No charge for re-activation & you'll still be able to see your shares...

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
Kirethi
#16 Posted : Saturday, September 05, 2009 4:17:00 PM
Rank: Member


Joined: 10/6/2008
Posts: 21
Dyer and Blair should be aware that the world economy is yet to recover from the recession so for clients having accounts with them this is another unnecessary burueacracy being laboured on them as with the Kenyan economy being in the state that it is in most people have very little savings .

The three month duration isnt for ordinary/average kenyans.


Watu wachangamuke
jerry
#17 Posted : Saturday, September 05, 2009 6:28:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@MainaT. I don't think pple r getting the msg. I think there r very few brokers/IBs who offer online trading and some controls r,to me,in order. @miser. U r misadvising us. Where do u want us to jump to?

Crocodile tears: If you can't assist me when I'm alive en you attend my funeral.
The opposite of courage is not cowardice, it's conformity.
Sheraw9
#18 Posted : Saturday, September 05, 2009 7:45:00 PM
Rank: Member


Joined: 9/6/2006
Posts: 13



Q&A on Account Activation
What is a dormant account?
A dormant account is an account that has not had any transactions for a period of three months.


How does deactivation of my account benefit me?
As part of compliance and risk management requirements,it has been a common practice in banks for accounts that have not traded for a period of at least three months to be deactivated in order to manage fraud. We have taken a proactive role to safeguard our clients’ investments with us to ensure their accounts are not targeted.


When do I activate my account?
It is advisable to activate your account when you intend to trade.

How do I activate my account?
To activate your account,you will be required to fill out the activation form. Click here to download,scan it together with a copy of your ID/Passport and send it to the email address shares@dyerandblair.com for processing.

How long does it take to activate my account?
It takes 24hours to activate your account.

What are the charges for account activation?
There are no charges for account activation

What services will I be able to access while my account is dormant?
Using our online system,you will be able to view your statement,No. of shares in your account,contracts and track order status.

Where do I make enquiries about my account and online trading?
Enquiries can be made through;
E-mail address shares@dyerandblair.com
or call us on +254 020-3240000

What are the benefits of an Online Account?
You can trade and monitor your account without having to visit our offices












Please note that this activity will reoccur every three months if an account remains inactive.

Thank you for choosing Dyer and Blair as your Investment Partner.





solloh
#19 Posted : Sunday, September 06, 2009 1:22:00 PM
Rank: Member


Joined: 6/21/2007
Posts: 20
I think all of you are misunderstanding their intentions. No one can deactivate your cds a/c. What they are referring to is the online a/c. Why have a system where maybe majority of those registered dont utilise the system ? I think its a good idea.

Invest with alpha not leveraged beta
young
#20 Posted : Sunday, September 06, 2009 5:56:00 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
@Pkoli

My advise as per NSE iis ........stay with the blue chips like EABL,KCB,ARM,Barclays

Other markets are bound to recover faster than African markets because they are more dynamic and coupled with the various stimuli to jump start their economies. The only exception in africa is JSE (South Africa).



AFRICAN INVESTOR
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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