slightly off topic - but I do have NZO/NZOODs
Quote:
Originally Posted by
digger
Again remember some of the supposed trading will not be real until 4th April which if i remember correctly is the x date for the coming dividend. See my transfer has not come through but at cost will have a artificial damping effect.My suggestion is that inhouse transfer should not be lumped with normal trades. I also believe many relatively small holdings will be moved across inside families and these to will depend on value set at the time.
See oil hit 104
What happened to the KUPE drill update? That has been coming each wed up till now.
Hi Digger. I didn't think those kind of transfers did actually effect the VWAP or any other price. I'm also surprised your accountant is letting you do it at cost. I have previously transfered shares off market, (admitedly in Aus), but the general rule is to do this at the market price at the time of transfer, and talking to the Public Trust in NZ a while ago, they indiciated, (if memory serves correctly), that this needs to be at the market price, otherwise it can be seen as a kind of a dodge around the treatment of asset values. Although that might have been in relation to transfers to a trust, and not a company - although whether that is technically that different I don't know.
Was this more clear cut for you?
Cheers