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  1. #8981
    Dilettante
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    Quote Originally Posted by dagdaniel1 View Post
    How does one go about selling the shares received through the SPP, do I just go through my normal broker (ASB) and sell even though their records don't include those shares?
    Yes you can do that as it will be your balance at Link Market Services that your broker relies on. Of course you should be adding this manually to your ASB account in the interest of good book keeping :-)

  2. #8982
    percy
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    Quote Originally Posted by dagdaniel1 View Post
    How does one go about selling the shares received through the SPP, do I just go through my normal broker (ASB) and sell even though their records don't include those shares?
    Going from today's announcement, SPP shares have been alloted.
    So I would contact ASB tomorrow and see if their records hav been updated.
    If not, get them to contact the share registry.
    ASB can not sell those shares until they are in your name.

  3. #8983
    Senior Member
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    Quote Originally Posted by winner69 View Post
    How's the record keeping of company thats the trustee kura? Bit like mine which is a really bad but as long as I do the Annual Return I reckon its alright.
    As trustee it keeps no records, all entries recorded in books of beneficial owner (the trust) So I do nothing with company other than filing annual return & NIL tax return.
    Yes it can confuse IRD that the company receives dividends, but never declares any income, but thats not my problem.

  4. #8984
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    Quote Originally Posted by percy View Post
    Going from today's announcement, SPP shares have been alloted.
    So I would contact ASB tomorrow and see if their records hav been updated.
    If not, get them to contact the share registry.
    ASB can not sell those shares until they are in your name.
    I am assuming dagdaniel1 is using ASB online brokerage. With my ANZ online broking, only trades done through ANZ automtaically update my balances. DRPs and SPPs I need to add manually

  5. #8985
    Reincarnated Panthera Snow Leopard's Avatar
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    Jul 2004
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    Question Why wait, why sell at all

    Quote Originally Posted by dagdaniel1 View Post
    How does one go about selling the shares received through the SPP, do I just go through my normal broker (ASB) and sell even though their records don't include those shares?
    I think you are referring to the ASB 'Automated Portfolio' feature which is just a [poor] record of the balance of shares traded with ASB and not necessarily a correct indication of your actual holdings.

    Quote Originally Posted by percy View Post
    Going from today's announcement, SPP shares have been alloted.
    So I would contact ASB tomorrow and see if their records hav been updated.
    If not, get them to contact the share registry.
    ASB can not sell those shares until they are in your name.
    They should be assigned to you by Link Market Services now, mine are.
    So log in to LMS, check your balance, and if they are there you can sell them right here, right now.

    Best Wishes
    Paper Tiger
    om mani peme hum

  6. #8986
    Member
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    May 2014
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    Ok, thanks guys.

  7. #8987
    Advanced Member
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    Quote Originally Posted by Roger View Post
    Not quite enough for a side order of fries with our lunch.
    $14.58 Is not enough for a side order of fries for you Roger.. ???..

  8. #8988
    Member
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    Apr 2016
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    Christchurch
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    Just logged in to Link Services and they are there all allotted and looking shiny and new Now just want the refund to hit the Bank and I'll be a happy little vegemite.

    * My asb portfolio doesn't show them, I just did a manual update but when you go to sell they check your csn and fin and confirm how many you hold, so as long as it shows on Link you're good to go I imagine.

  9. #8989
    Guru
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    Auckland, , New Zealand.
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    Brokers have no idea of your holdings. Some people buy and sell using more than one broker. It is the share registries that have the details and where the brokers check to see you own enough to cover what you want to sell.

  10. #8990
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    Feb 2005
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    Quote Originally Posted by kura View Post
    As trustee it keeps no records, all entries recorded in books of beneficial owner (the trust) So I do nothing with company other than filing annual return & NIL tax return.
    Yes it can confuse IRD that the company receives dividends, but never declares any income, but thats not my problem.
    How can the company bank the dividends as trustee? Sounds like a sham to me.

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