Forum Archive Index - September 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi gordon,
.
>
> I recently purchased some aussie shares through a local broker, the
> offered price was 6 cents,  I was aware of this through stockness.
> The order was placed at 6 cents, when the contract note arrived the
> price was 6.5 cents. Is there a way of checking the actual purchase
> price paid by the broker before I ask the question. Has anyone had a
> similar experience.
> 
>
Yes I've had a similar experience.  You will probably find the share 
was purchased for 6c.   But the brokerage in Australaia has probably 
been incorporated into the price paid in New Zealand. In other 
words the local broker has added their margin on top of the price 
from Australia which incorporates the Australian brokerage which is 
0.5c per share.

SNOOPY



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