Forum Archive Index - July 2001

[Mat T <matty_t_001@yahoo.com>]

But you have to pay brokerage on the purchase at 60c.
So why don't you buy the rights at 8.9c plus the 50c
which results in a total price of 58.9c insteaqd of
the 60c.
--- Christian Mair <product@adidas-ep.co.nz> wrote:
> Well you pay an additional 50cents to convert the
> rights into ordinary
> shares. Incl Brokerage close to 60cents. Sometimes
> its possible that the
> price of the rights + conversion = less then the
> price of ordinary shares.
> Experienced and quick thinking investors sometimes
> use this 'glitch' during
> rights trading.
> Christian
> 
> -----Original Message-----
> From: owner-sharechat@sharechat.co.nz
> [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of
> Mat T
> Sent: Tuesday, 3 July 2001 1:29 p.m.
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Poor execution
> 
> 
> 
> Why are the Cabletalk shares trading at 60c when you
> can purchase the rights for 8.9 c. Do you think
> these
> brokers are explaining the options properly to
> clients. If so why are people buying the head shares
> instead of the rights.
> 
> 
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