Forum Archive Index - December 1999

[Sarah Corkill <Sarah.Corkill@directbroking.co.nz>]

Mark,

Dual listed companies like FER have two registries.  One for Australian
shareholders and Computershare for NZ shareholders.  If you purchased your
shares in NZ you hold them on the NZ register and visa versa.  You can sell
them in the Australian market by 'shunting' your NZ holding onto the
Australian register.  You CAN'T sell them without transferring your holding
to the different registry.  Talk to your broker about shunting your stock.  

Alot of brokers in both countries try to pick the differences in dual listed
stocks and seek to profit from "buying here and selling there".  

I agree with you on your FER pick.  I think they're a great company with
very good management that should do well long term.

Sarah Corkill
Direct Broking



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