tag:blogger.com,1999:blog-9317825.post8864416274717842517..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: IPO Guiltbankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-9317825.post-57317203883744310852008-04-25T08:30:00.000+03:002008-04-25T08:30:00.000+03:00tumwijuke: hope you got your application done in U...tumwijuke: hope you got your application done in Ug<BR/><BR/>Gitts: Good to know, but Citi branches are so remote/heavily guarded in Nairobi<BR/><BR/>DMX: They mail them in Ug shillings and you bank them localy, they clear in about 2 weeks. They just mailed out the AGM notice this week for May 2008 <BR/> <BR/>Maishinski: You're right, you may the right, but our courts have no time/justice for investorsbankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-34859928365256003832008-04-23T18:35:00.000+03:002008-04-23T18:35:00.000+03:00Hi Banks, Suing is possible. Prospectus says:"Save...Hi Banks, <BR/><BR/>Suing is possible. Prospectus says:<BR/><BR/>"Save in the case of negligence or wilful default on the part of the Vendor, their Advisors or any of<BR/>the Authorised Selling Agents, neither the Vendor, nor any of the Advisors nor any of the<BR/>Authorised Selling Agents shall be under any liability whatsoever should an Application Form not<BR/>be received by the Closing Date."<BR/><BR/>Burden of proof is on you to show negligence or wilful default. Hence the need to get proof that your application was received.<BR/><BR/>Still, as ODM would tell you, 10 years chasing something in court is not an exciting prospect.<BR/><BR/>Actually any citbank branch could have taken the cheques (too late now though!)<BR/><BR/>Good luck to all Kenyans!<BR/><BR/>Lets spend the next 30 days speculating, analyzing and making predictions on this obsessive IPO.<BR/><BR/>International interest in Frontier Markets is growing due to:<BR/><BR/>1. The mediocre performance of developed stock Markets.<BR/><BR/>2. Saturation and levelling of Emerging Markets<BR/><BR/>I know am not selling this share for anything less than 50/= ($0.90)! <BR/><BR/>Nimesema.Maishinskihttps://www.blogger.com/profile/02919244949716240090noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-75550786306287200612008-04-23T13:27:00.000+03:002008-04-23T13:27:00.000+03:00hey banksHow does one collect the stanbic uganda d...hey banks<BR/><BR/>How does one collect the stanbic uganda dividends??DMXhttps://www.blogger.com/profile/11107559793709195394noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-49920325433720507442008-04-23T12:06:00.000+03:002008-04-23T12:06:00.000+03:00well you can deposit at citibank directly, they ha...well you can deposit at citibank directly, they have a nie arrangement for companies who are their clients. GOt my CDS account there and bought with no hassles, lines or smelly farts!Gittshttps://www.blogger.com/profile/05905389053866428616noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-22477682281349439922008-04-23T12:00:00.000+03:002008-04-23T12:00:00.000+03:00Oh God, now I am feeling guilty. The lines in Kam...Oh God, now I am feeling guilty. The lines in Kampala have shortened some what, so perhaps I still have hope.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9317825.post-61977296990490934092008-04-23T08:23:00.000+03:002008-04-23T08:23:00.000+03:00Toiyoi: I found it straight forward, but it does n...Toiyoi: I found it straight forward, but it does not tie up in that you can’t revisit your order and amend/cancel it. Anyway I’ll know in a month if I was taken for a ride. <BR/>- online payments are a bit tough to do for any bank in Kenya<BR/><BR/>Maishinski: applying online maybe shaved ½ the time I would spend at the broker. Also I’m worried about the people who apply at supermarkets, and hope their forms are not misplaced<BR/>- Can’t sue anyone in Kenya for IPO negligence<BR/>- I don’t think Citibank (Kenya) branches are involved in the IPO, it’s the parent co using other banks<BR/><BR/>Coldtusker: In that case, I hope CFC will top me up from their QII pool – since I can prove I paid!bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-31287339056613423622008-04-23T07:47:00.000+03:002008-04-23T07:47:00.000+03:00Then you can sue the bloody bastard for negligence...Then you can sue the bloody bastard for negligence or contract default... and most likely win damages. <BR/><BR/>BUT your best option (to avoid possible hassle of spending years in courts) is to drop off your payment DIRECT at the receiving bank (e.g. Citibank). Then you are sure imefika!<BR/><BR/>True, some risks are there - but much less for online applicants.Maishinskihttps://www.blogger.com/profile/02919244949716240090noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-60724868320681225032008-04-22T21:59:00.000+03:002008-04-22T21:59:00.000+03:00So what happens if you pay for your shares BUT the...So what happens if you pay for your shares BUT the broker (even if the "payment received" is stamped) does not send your payment in?coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-44594257293123549632008-04-22T21:44:00.000+03:002008-04-22T21:44:00.000+03:00Steps:1. Apply Online2. Print your application3. M...Steps:<BR/><BR/>1. Apply Online<BR/>2. Print your application<BR/>3. Make your Banker's Cheque (remember to include extra 30/-)<BR/>4. Attach Bankers Cheque to the Application.<BR/>5. Drop it at your broker (get a copy of both stamped "RECEIVED" as proof)<BR/><BR/>That's it.<BR/><BR/>Advantages - applying online means your application is received instantly. The cheque just completes the process. Plus it takes less than 10 minutes in a cyber with a cup of Mocha Late next to you.<BR/><BR/>In contrast, when you apply manually, you are at the mercy of your BROKER and his employees. Forms get lost, you stand in long queues enduring heat, sweat, and smelly farts etc...<BR/><BR/>Free will. Make your choice.Maishinskihttps://www.blogger.com/profile/02919244949716240090noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-70469015098949219462008-04-22T19:42:00.000+03:002008-04-22T19:42:00.000+03:00I do not think the site did a good job of explaini...I do not think the site did a good job of explaining the steps in an easy and quick way how to go about it.<BR/><BR/>Most people would expect that for online system:<BR/>-you place an order<BR/>-you pay online OR you get a # and use this to ref any payment you make at the bank/Broker<BR/><BR/>The online payment would make sense more so for those not residing in Kenya.Anonymousnoreply@blogger.com