Forum Archive Index - March 2000

["John Stockley" <HOMEWARE@xtra.co.nz>]

Tony,

 

One way of doing this is to hold an equal quantity of the same shares on both exchanges.

Then you can sell on one exchange, buy on the other, and at your leisure, transfer half the shares back to the other exchange.

It works and does make a profit, provided you can pick the right shares.

 

John

 

 

----- Original Message -----

From: Tony Haddon

To: sharechat@sharechat.co.nz

Sent: Thursday, March 16, 2000 9:07 AM

Subject: Re: Re: Re: [sharechat] Macro-economic issues- shunting

I can only pass on what my broker told me, not much .. You simply buy, and ask your broker to do the transfer...but it depends..eg settlement here is T+3, but a shunt to ASX can typically take 5 days, so to buy here & sell straight away in Oz you're up for a few days late settlement fees @ $100.00 /day , tho I don't supppose that's an issue if you buy here and hold in Oz. Likewise it may not be an issue if your broker already has this stock over there.... I think you have to be looking at fairly large voume for arb. to be worthwhile...out of my league..

 

Regards

 

Tony Haddon