Forum Archive Index - March 2000

[Les Read <lesjenread@xtra.co.nz>]

Sarah,
Surely US brokerage is cheaper not dearer. I  trade at  $US8  per trade compared
with $NZ20 & Oz$39.95.  At     1 US$ = 2NZ$ it's still cheaper.

Les

Sarah Corkill wrote:

> Hi Derek,
>
> There is no easy answer to this question.  There is no registry in the US
> for ITC shares and they are traded on the OTC market.  The registry has told
> me that any transactions done in the US market still have to be settled on
> the NZ or Australian registry.  The company hasn't be anymore helpful on
> this one.
>
> I am going to make enquiries with our US broker as to exactly how it could
> be done because with our topic of shunting today there are quite afew NZ
> investors who would be overjoyed to sell their shares at US prices.
> Remember that brokerage in the US is expensive when compared to NZ so
> depending on the number of shares your holding it may not be worth the extra
> expensive.
>
> Watch this space and I'll see if I can come up with any further positive
> information for you.
>
> Regards,
>
> Sarah Corkill
> Direct Broking
>
> -----Original Message-----
> From: Derek Watt [mailto:watt250@hotmail.com]
> Sent: Thursday, 16 March 2000 23:19
> To: sharechat@sharechat.co.nz
> Subject: RE: [sharechat] shunting - question for Sarah
>
> Sarah-
> Shall I ask the obvious question?
> How easy is it to buy ITC in NZ and sell in the US?
> Thanks,
> Derek Watt
>
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