The e-mail just got out. I assume they were sent by mail as well. Paying by direct debit was as easy as.
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The e-mail just got out. I assume they were sent by mail as well. Paying by direct debit was as easy as.
I haven't received an email and nothing by post. Will look to contact Monday as from my perspective a shambles.
Receive other computershare info by email - can't have elected it for MEL(CA).
Letter arrived here yesterday. Thought I was on email as well though.
I was in panic mode yesterday morning as I had not had mail or email from the registry,and I am heading away on Sunday for a book selling trip to Dunedin.
All turned out well as both mine and the wife's notification turned up in the post,and I did both our payments online .
Still ridiculous from the company and registry though isnt it. Leaves little time and for most retail investors who are not initiated in the workings of the sharemarket this is not good enough. My partner who dabbles occasionally had not received any correspondence either and would not know what to do if it wasn't for my gentle prodding and help. Come on Meridian et al... up the game.
Housekeeping
So to keep everything tidy in my ASB Sharetrading portfolio, I did a manual 'sell' contract note of my MELCA instalments liquidating them at their original $1.00 per instalment and did a manual 'buy' contract note for MEL shares at $1.50. Given I have the obligation for the final MELCA instalment, then if I were to sell it would be a MEL share.
Payment
The payment process for the final instalment was fairly painless and given that the current market price exceeds my $1.50 total buy price by about 60%, I think I'm duly compensated by the "faffing" about.
It actually shouldn't involve Meridian, as the funds go to the Crown. I sold mine a wee while ago, so didn't receive any paperwork obviously, so not sure if Meridian did get involved, but it should have been a simple process managed by the Registry. I would also presume there is a requirement to physically mail out a demand for the 50c, so I would also be putting some blame on the disgraceful delivery service we now get from NZ Post