Forum Archive Index - June 2001

[Morton John <John.Morton@tetrapak.com>]

Thanks Malcolm.

Is it much of a hassle / time consuming to get transfers done from Registry
to another?

JEM

-----Original Message-----
From: Malcolm Cameron [mailto:malharcameron@hotmail.com]
Sent: Monday, June 18, 2001 3:38 PM
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Dual Listings


JEM
to sell your NZ purchased shares on the ASX
first you have to have them transferred to the registry in the country you 
want to sell them in (this makes arbitrage very awkward for small investors 
otherwise a lot of the time you could have a field day between australian 
stock exchange prices & new zealand stock exchange prices for the same 
shares) sometimes there is a 20cent difference
MALCOLM

>From: Morton John <John.Morton@tetrapak.com>
>Reply-To: sharechat@sharechat.co.nz
>To: "'sharechat@sharechat.co.nz'" <sharechat@sharechat.co.nz>
>Subject: [sharechat] Dual Listings
>Date: Mon, 18 Jun 2001 11:45:18 +0800
>
>
>
>Several companies are listed on NZ and international exchanges.
>
>For example, AMP is listed on both the ASX and NZSE.
>
>I hold share investments originally purchased in the UK, NZ and OZ markets.
>Is there a mechanism to buy/sell shares in one country that were originally
>purchased in another?
>
>For example, can I sell my AMP shares (originally purchased in NZ) through
>an Australian broker dealing in the Australian market and receive the
>proceeds in $A?
>
>JEM
>
>
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