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15-03-2017, 04:29 PM
#8981
Originally Posted by dagdaniel1
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 :-)
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15-03-2017, 04:30 PM
#8982
Originally Posted by dagdaniel1
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.
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15-03-2017, 04:36 PM
#8983
Originally Posted by winner69
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.
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15-03-2017, 04:37 PM
#8984
Originally Posted by percy
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
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15-03-2017, 04:41 PM
#8985
Why wait, why sell at all
Originally Posted by dagdaniel1
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.
Originally Posted by percy
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
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15-03-2017, 04:44 PM
#8986
Member
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15-03-2017, 04:44 PM
#8987
Originally Posted by Roger
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.. ???..
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15-03-2017, 04:45 PM
#8988
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15-03-2017, 04:52 PM
#8989
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.
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15-03-2017, 04:58 PM
#8990
Originally Posted by kura
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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