Forum Archive Index - March 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Sarah; I am unable to delete this message you sent on sharechat & when I
do the computor advises me of an illegal act & turns me off netscape,
could you please advise me how to fix this if you know; Thanks Margie

Sarah Corkill wrote:
> 
> Dear Max,
> 
> The offical name for the unlisted market is the "Unlisted Securities
> Facility" UFS for short.  Companies are traded on the UFS at the request of
> a broker who is a member of the NZSE.
> 
> 1-How do I find the stock codes?
> 
> Try our website (no Ben this isn't free advertising)
> 
> http://www.directbroking.co.nz/ and we have a list of all the unlisted
> securities with company codes and you can enter buy and sell orders.
> If there is something you can't find ring your broker and ask.  They should
> be more than happy to help you.
> 
> 2-Do other sites provide regular updates on unlisted
> stock prices?
> 
> Unlisted securities have no listing agreement with the exchange and as such
> aren't required to provide company announcements the same way company's such
> as Telecom do.  Your best source of information is to ring the company
> directly.  Contact details should be available from your broker.  Under the
> Companies Act shareholders are entitled to request information from
> companies they hold shares in.
> 
> 3-Can I do online trading on other sites using the
> unlisted stock codes, or do I have to go through a
> broker?
> 
> Yes you can use online trading for unlisted securities.
> 
> 4-Does the unlisted market operate on the same
> buy/sell principles as the open market i.e. when you
> sell, you only need to provide your fin/holder number
> or are there any other rules, regulations,handicaps or
> frustrations I should be aware of if I intend to trade
> on the unlisted market?
> 
> No, unlisted securities are still done under the old certificate system.  No
> FIN  or shareholder number will be issued.  When you sell the shares you
> have to sign a transfer form and provide the original copy of the share
> certificates.  There is no set settlement time for unlisted securities and
> it is not unusual for it to take several months to receive your
> certificates.
> 
> Kind regards,
> 
> Sarah Corkill
> Direct Broking
> 
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