-
07-09-2018, 10:26 AM
#1851
Member
Originally Posted by minimoke
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.
-
07-09-2018, 10:35 AM
#1852
Originally Posted by minimoke
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.
-
07-09-2018, 10:39 AM
#1853
Originally Posted by Rossimarnz
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?
-
07-09-2018, 10:42 AM
#1854
Member
Originally Posted by minimoke
Did you ask at $1.10 or a higher number?
I bid at $1.12
-
07-09-2018, 10:48 AM
#1855
Originally Posted by herbert240
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...)
-
07-09-2018, 10:56 AM
#1856
Member
Originally Posted by minimoke
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.
-
07-09-2018, 11:02 AM
#1857
Originally Posted by Traderwannabe
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.
-
07-09-2018, 11:11 AM
#1858
Originally Posted by Rossimarnz
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?
-
07-09-2018, 11:22 AM
#1859
Originally Posted by Blue Skies
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 10:49 AM.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
07-09-2018, 11:30 AM
#1860
Member
Originally Posted by BlackPeter
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.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks