I'm surprised a bot hasn't kicked in and bought 1 share at $8
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I'm surprised a bot hasn't kicked in and bought 1 share at $8
Looking strong in Oz this morning, 12% lift so far
Just wondering, when I sell BRL shares on the NZX, since BRL is listed on the ASX, does that mean my shares on the NZX can be bought through the ASX?
Im not quite sure what you mean there but shall try to explain. BRL is dual listed so you can buy the shares in either australia or new zealand. The shares you buy in Australia you have to sell in Australia, the shares you buy in NZ you have to sell in NZ.
Hope that helps.
I'm well out of touch with today's practice but there used to be a facility to "shunt", ie transfer, dual-listed shares from one register to another. From memory, this had to be done before, and separate to, selling said shares on the recipient register but as with so many details these days, I may have this wrong!
Worth inquiring further though if you are contemplating the possible need.
Yes you can "shunt" the shares. A few forms and paperwork and smile nicely at the admin lady (or gent but there are not many) having to do this work for you and you can get it through. Used to do it myself a few times to "arbitrage" between price differentials. But in the case of BRL, if the shares stay at 27 in Aus, they will just open at 31 cents in NZ and no arbitrage opportunity exists.
Up 28% at open, that's better than Meridian will be I suspect. Ozzies on Hotcopper a picking a further rise on ASX today