Forum Archive Index - July 2002

["Malcolm Cameron" <malharcameron@hotmail.com>]

Mac
An on line broker such as Access will probally charge you only A$29.50 to 
sell the lot unless you have more than I think you are talking about and you 
can set a minimum price as well. This sounds a lot better idea to me, than 
what Georgeson is offering.
Malcolm.

>From: "Rockbottom" <rockbottom@ihug.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Commonweatlh Bank Of Australia shares
>Date: Thu, 18 Jul 2002 14:12:20 +1200
>
>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
>
>----------------------------------------------------------------------------
>-----------------------
>----- 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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>
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M H & M M Cameron
55 Czarnecki Street
Camira 4300
Brisbane
Queensland
07 3389 0515


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