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  1. #1851
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    Quote Originally Posted by minimoke View Post
    Dont know where you would get that assumption. We are not all moneyed high rollers here!

    By deduction I reckon those that asked for 10,000 or less probably got a full quota. Those that asked for more got scaled. The more you asked for the greater the scaling.
    I am definitely not a high roller. I asked for 1500 shares and was allocated 1000. I bought through FCNZ.

  2. #1852
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    Quote Originally Posted by minimoke View Post
    Dont know where you would get that assumption. We are not all moneyed high rollers here!

    By deduction I reckon those that asked for 10,000 or less probably got a full quota. Those that asked for more got scaled. The more you asked for the greater the scaling.
    You just made me laugh out loud. Great post.

  3. #1853
    Legend minimoke's Avatar
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    Quote Originally Posted by Rossimarnz View Post
    I am definitely not a high roller. I asked for 1500 shares and was allocated 1000. I bought through FCNZ.
    Did you ask at $1.10 or a higher number?

  4. #1854
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    Quote Originally Posted by minimoke View Post
    Did you ask at $1.10 or a higher number?
    I bid at $1.12

  5. #1855
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    Quote Originally Posted by herbert240 View Post
    To those who got allocated shares through their broker can I ask roughly how many you were able to obtain. I presume it was several hundred thousand?
    Several Hundred thousand (well that assumption, def doesnt include me...)

  6. #1856
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    Quote Originally Posted by minimoke View Post
    Dont know where you would get that assumption. We are not all moneyed high rollers here!

    By deduction I reckon those that asked for 10,000 or less probably got a full quota. Those that asked for more got scaled. The more you asked for the greater the scaling.
    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.

  7. #1857
    percy
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    Quote Originally Posted by Traderwannabe View Post
    Can you trade with Craigs online? How much brokerage do you pay?
    Im currently using ASB but trading on the ASX is expensive... $30 a trade is their minimum
    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.

  8. #1858
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    Quote Originally Posted by Rossimarnz View Post
    I am definitely not a high roller. I asked for 1500 shares and was allocated 1000. I bought through FCNZ.
    Just curious if you don't mind me asking, what was the brokerage FCNZ charged on those 1000 shares?

  9. #1859
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Blue Skies View Post
    Just curious if you don't mind me asking, what was the brokerage FCNZ charged on those 1000 shares?
    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
    Last edited by BlackPeter; 08-09-2018 at 09:49 AM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  10. #1860
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    Quote Originally Posted by BlackPeter View Post
    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.
    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.

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