tag:blogger.com,1999:blog-9317825.post116620048073708358..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: Eveready Mea Culpabankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-9317825.post-1166699472085629692006-12-21T14:11:00.000+03:002006-12-21T14:11:00.000+03:00Unyc: It's good to take the time to learn about sh...Unyc: It's good to take the time to learn about share investments. so go for it. There's fundamentals and there's psycology in investment and it's importnant to know both. <BR/><BR/>Gishungwa: Yu know those banks, as crowded as a bus stop and teh askari walks round like a prefect at parade. they should let people do more things. Missing Mombasa this year, but will try for early '07<BR/><BR/>jke; two weeks yes, but at least its a secondary account. <BR/><BR/>you're welcome on the jobs & opportunities. I started them for Kenyans in the US but it seems a lot more people here read about them nowbankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166643393777356272006-12-20T22:36:00.000+03:002006-12-20T22:36:00.000+03:00Two weeks? OMG!I second you on that hawking issue....Two weeks? OMG!<BR/><BR/>I second you on that hawking issue. The other day I went to one of those banks downstairs in NHIF building and turned around after realizing the waiting lines actually went from the desk to the opposite wall and back to the desk, through the whole hall. Crazy.<BR/><BR/>Bankelele - thengiu muno for keeping us informed all the time and for taking time to share interesting job opportunities with your readers. This is a very nice service!jkehttps://www.blogger.com/profile/01561319146447037430noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166615014812230072006-12-20T14:43:00.000+03:002006-12-20T14:43:00.000+03:00I see hawking in banks its rather boring queueing ...I see hawking in banks its rather boring queueing doing nothing or staring at TV trying to read the lips add to that the watchie who oversees that you move accordingly and stay in line Bah!<BR/>2 weeks no ATM aki that is too long pole. Thing about Mombasa in xmas is hard to explain there is a pull to it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166604149005122272006-12-20T11:42:00.000+03:002006-12-20T11:42:00.000+03:00Hawkers kwa Bank...Lol...I can just c the scenario...Hawkers kwa Bank...Lol...I can just c the scenario...<BR/><BR/>A lady, Josefynne Miingi who is a Business Development Manager at ASI (Academy of Savvy Investors) has come up with a gd way of amateurs like I, who want 2 know about the Stock investment issues and how to go about it. It runs 4 2 months consisting of 5 modules at 15K.<BR/> <BR/>What do u think of that?Unychttps://www.blogger.com/profile/00399188893966091559noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166521243212315582006-12-19T12:40:00.000+03:002006-12-19T12:40:00.000+03:00pesa tu: I hope it's not as over-subscribed as Eve...pesa tu: I hope it's not as over-subscribed as Eveready/or it takes a few months for our cash to be released from UG<BR/><BR/>roughalmasis: 2006 had opportunities for new investors to come in, but not enough lessons were learnt esp with IPO's. Govt wants a full subscription of Mumias to raise money so they have extended the window<BR/>- Agents do serve rural customers, but do they get the level of service they deserve? Perhaps agents should be certified by the CMA - but then again, stockbrokers are and no one checks their service/performance records<BR/><BR/>Ssembonge: We have to have democtaric IPO processes. Kengen, the 'shining star' of 2006 had initialy been marked for a book building process that would have locked out the 200,000 first time investors<BR/>- KCB only does share services at IPO time<BR/><BR/>Anonymous: I am a bystander on Eveready. CW says it should drop below IPO price, but that's already been proved wrong<BR/><BR/>M: mid month is best, but I had no ATM card - and it takes 2 WEEKS to get a new PIN. Sad that I won't see coast in 2006. Even though December is never the best month (too crowded) I was hoping to do a dash & splash at Coast <BR/><BR/>coldtusker: Am amazed, but I wonder where it will be in 6 months. NSE aplogized for the goof todaybankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166518725866765992006-12-19T11:58:00.000+03:002006-12-19T11:58:00.000+03:00Eveready hit 28/- by Noon on Tuesday (trading day ...Eveready hit 28/- by Noon on Tuesday (trading day #2)...<BR/><BR/>BTW, the NSE in time-honoured fashion goofed up on Eveready's trading on Day 1.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166511730149619962006-12-19T10:02:00.000+03:002006-12-19T10:02:00.000+03:00I hear you on the banks. If you have to go to the ...I hear you on the banks. If you have to go to the bank physically go around the 20th when everyone is broke and there is nothing in the bank TO transact with.<BR/><BR/>As for that ticket off -- if it were any other time of the year!!! Everyone and their uncle is going to Mombasa. Therefore there is absolutely no difference if you went there because Nairobi will have moved there!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166488406533694982006-12-19T03:33:00.000+03:002006-12-19T03:33:00.000+03:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166459276770776532006-12-18T19:27:00.000+03:002006-12-18T19:27:00.000+03:00I'm shocked eveready debuted at 11,i expected lowe...I'm shocked eveready debuted at 11,i expected lower.Nways i see it going below IPO price pretty soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166395623590137102006-12-18T01:47:00.000+03:002006-12-18T01:47:00.000+03:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166311354053097542006-12-17T02:22:00.000+03:002006-12-17T02:22:00.000+03:00banks, I'm surprised that you are defending such o...banks, <BR/>I'm surprised that you are defending such out-dated practices that are meant to fleece money from hard working wananchi.<BR/><BR/>And are the rural brokers registered with the CMA or under any sort of regulation? I can see people losing their money. <BR/><BR/>It might be 'cheaper' for wananchi to travel to the nearest KCB branch rather than taking short-cuts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166282470650002322006-12-16T18:21:00.000+03:002006-12-16T18:21:00.000+03:00Eveready: IPOs now speculative. Expect the price t...Eveready: IPOs now speculative. Expect the price to double and stabilize at 20/= to 25/=. Due to the speculation margin trading(going for loans) will continue. Investors have limited information and will learn through experience.<BR/><BR/>Stanbic: It seems the queues were for Stanbic rather than Mumias. This leaves Mumias for the corporates.<BR/><BR/>Banks: Service levels has always been my concern. Kenyans, particularly in the rural areas approach banks with trepidation despite the fact that they are going for their own money ! You might think the banks own the money.<BR/><BR/>Brokers/Agents: There is definitely a gap in the rural areas which agents should continue filling. I hope though they avoid fleecing their customers and giving below average service.<BR/><BR/>Stockbrokers have become an area of interest. I am doing a piece on them which I hope to post next week.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166266584231049002006-12-16T13:56:00.000+03:002006-12-16T13:56:00.000+03:00I think Kenyans will oversubscribe the Stanbic UG ...I think Kenyans will oversubscribe the Stanbic UG ipoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166266432011867122006-12-16T13:53:00.000+03:002006-12-16T13:53:00.000+03:00Riba Capital: Most brokers have set floors for Sta...Riba Capital: Most brokers have set floors for Stanbic 5,000 and 10,000 - hopefully we will not flood the UG market. <BR/><BR/>Being an agent is a lucrative thing and true they are able to serve smaller towns <BR/><BR/>coldtusker: Like I said, bring on a Kenya Railways IPO at 3/= and see what happens. <BR/><BR/>Eveready opens on Monday, 15 maybe? Aslo another mea culpa - petrol is not worthy of a sin tax<BR/><BR/>Ssembonge: But it works and it is democratic. What you are proposing also takes place as "private placements". But if we did IPO's as you describe, brokers would allocate the shares to corporates, funds, and their select large clients only.bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166244106910134332006-12-16T07:41:00.000+03:002006-12-16T07:41:00.000+03:00I hate the way the system works in Kenya. You fork...I hate the way the system works in Kenya. You fork out the money upfront for an IPO, instead of after allocations.<BR/><BR/>Here you settle after the trade. With my broker I have to give him the check within 3 days after he's made the purchase. Also moment I deposit money into my account it starts earning interest at money market rates. This interest is paid out monthly.<BR/><BR/>The Kenyan system is wasteful and inefficient.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166214085154331002006-12-15T23:21:00.000+03:002006-12-15T23:21:00.000+03:00The Gasoline/Petrol situation is why I am against ...The Gasoline/Petrol situation is why I am against subsidies as well as excessive taxes.<BR/><BR/>Banks - You never answered my earlier question. Are taxes on petrol considered sin taxes?<BR/><BR/>E.g. the idiots in the Kenya govt charge 35/- in TAXES per litre then blame Oil Marketers for the high cost of petrol!<BR/><BR/>Venezuela (oil producer) subsidises petrol while Brazil "overtaxes" it to support the ethanol industry.<BR/><BR/>What sweet times for the smuggler!<BR/>Would you expect any different?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166213361174369552006-12-15T23:09:00.000+03:002006-12-15T23:09:00.000+03:00Kenyans apply for shares at the last minute thus t...Kenyans apply for shares at the last minute thus the initial numbers were poor...<BR/><BR/>Plus the Institutions also wait to better gauge the demand...<BR/><BR/>Well, all in all, all misjudged the demand!<BR/><BR/>I wonder what Eveready will open at. Also most buyers were "speculative" thus who will buy when they come onto the market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1166205728139496072006-12-15T21:02:00.000+03:002006-12-15T21:02:00.000+03:00Banks: The Eveready IPO sold for two reasons; pric...Banks: The Eveready IPO sold for two reasons; price and ipo hype.<BR/>Folks in Kenya know if its an IPO, then profits are here with us.<BR/><BR/>Wait until results for the Stanbic Uganda IPO are released and we get news that Kenyans oversubscribed the issue by a few billions.<BR/>At Kshs: 3.00 atmost; majority of people dont look at the fundamentals, just price and volumes, which is the reason that Mumias is likely to be oversubscribed by Corporates and not individuals.<BR/><BR/>Brokers Vs Agents: The rural folks are not benefiting from brokers branch network but Agencies of these brokerage firms are filling this gap and openning up faster than you can imagine. Agents are acting as the go between especially in places where it does not make economic sense for brokers to open branches.<BR/>Do not forget that agents get anywhere between 25% and 50% of the commission earned by brokers and this is really good money.Anonymousnoreply@blogger.com