I am definitely not a high roller. I asked for 1500 shares and was allocated 1000. I bought through FCNZ.
Printable View
I got that assumption from my broker when we were having a general discussion on investments including Oceania. We never actually discussed numbers but I got the impression that they weren't interested in small investors for these sorts of issues so thanks mimimoke (and others) for enlightening me on that point. I will be better prepared next time.
You are best to approach Craigs and negotiate with them.
They are a lot more expensive than ASB and ANZ Securities.
I would not be able to trade in Aussie unless I used Craigs.Transfering funds,taking up rights issues, and banking dividends, I would find impossible to do,as I am not computer savvy.
So yes a lot more expensive,however it suits me, and I do get generous allocations to new issues and placements,as well as access to their research.
I can't answer the question on FCNZ ... however -
I bought my allocation through Chris Lee (I am one of his clients). I asked for and received a parcel worth $15k up to a SP of $1.11, and he didn't charge any brokerage at all.
I do assume though, that the underwriters are paying him a fee.
edit: above information was correct at the time of writing, but unfortunately just a billing error from Chris Lees office - I ended up paying 1.25% brokerage - check:
https://www.sharetrader.co.nz/showth...l=1#post728392
I paid $60 brokerage through FCNZ. I know that is expensive but I attribute much greater value to their advice and access to opportunities than I do to the cost of the brokerage I pay. I am investing for my children so have a long investment horizon and consider the brokerage costs as my gift to my kids.