Forum Archive Index - July 2002

["Rockbottom" <rockbottom@ihug.co.nz>]

Hello Mac

Just been reading the "Special Share Dealing Program" from Georgeson
Shareholder.

I was interested in the charges and I quote:-

"You will be charged a program fee of A$1 per share with a maximum charge of
A$300.00 (inclusive of GST). .............  ....    .......  There are no
other transaction fees or charges payable."

" You cannot specify the price at which your shares will be sold"


In other words if you own say 150 shares at say $36.00 NZ then the
commission will be about $176NZ or 3.26%.

Bit of a rip-off?
Why sell?

Rockbottom

----------------------------------------------------------------------------
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----- Original Message -----
From: "Mac Brown" <macbrown@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, July 17, 2002 8:12 PM
Subject: [sharechat] Commonweatlh Bank Of Australia shares


>   Georgeson Shareholder is administering a voluntary share-dealing
> program for small holders, of which I am one (very small).
>
> In their letter to me dated 2 July they advise that the shares are worth
> NZ$40.49 but the small print advises that they sell them on the first
> Friday after receipt, subject to them delaying if they think its a good
> idea to prevent excessive concentration etc. etc.
>
> The question is is this a good way to sell my shares?( I own hundreds
> not thousands). Who is   Georgeson Shareholder Australia PTY Ltd.
> What are the options?
> How do I find out what the shares are worth on today's market?
>
> Any advice/information would be appreciated.
>
> Cheers
>
> Mac Brown
>
>
>
> --------------------------------------------------------------------------
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