Forum Archive Index - December 1999

["Joe Spooner" <joespooner@hotmail.com>]

Sarah

Will FER be only listed on ASX once they shifted HQ to Australia? If so will 
shareholders that have bought shares on the NZSE automatically have the same 
number of shares on the ASX?

Regards
Joe


>From: Sarah Corkill <Sarah.Corkill@directbroking.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: "'sharechat@sharechat.co.nz'" <sharechat@sharechat.co.nz>
>Subject: RE: [sharechat] Dual Listed Shares
>Date: Thu, 2 Dec 1999 17:40:48 +1300
>
>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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