What gives rise to that? Does Sharesies set a lowly updated buy/sell price or bundle buys into minimum value trades to reduce brokerage?
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From what I've seen from my experience while testing the platform, they place orders individually but all of its in their name. Just like how bots can trade 1 or 2 shares constantly, Sharesies also can do that too since I'm sure they have worked out a cheap rate that allows them to buy and sell in a very cost efficient way.
Sharsies is an NZX participant. Thus they will not be paying "brokerage" for their trades. Individual sharesies members pay 0.5% per trade (from Memory). So if I purchase $20 worth of shares my brokerage is 10 cents and sharesies puts my order to market. The NZX charges sharesies whatever they do but it may be a cent? Or sharesies pay a fixed amount and can do as many transactions as they like.
Nice to see all those THL vans being used but at what rate? $500 a day or $100 a day.
And as a tax payer who is paying the tax payer or the user?
I would guess there would have been a deal done based on a mutual symbiotic need that takes into account the volume and duration of hire and the time of year.
Shoulder season for a 6 berth camper for a member of the public in normal times is about $350 per day. Hiring hundreds of them for several months with no mileage being put on them, your guess is as good as mine but...maybe half normal retail rate ~ $175 per day ?
Sadly I believe the real **** has yet to meet the fan.
Ran past these today, quite a site and yes all THL Vans.