I'll see how my little order goes today then. Last sell price is 9.9c which I am bidding to buy at but best bids in depth are 9.6c so there is room for a better price.
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new platform coming from FLINT. Probably another hopeless platform like SH.
NZherald
I'm told Sharesies don't allow you to participate in DRP, this is a serious disadvantage, Is this correct?
It's not a serious disadvantage, though. DRP can be good or bad - and one frequently ends up with additional shares which are ways too dear (every time the SP drops after the DRP event ...).
The discount against market price is (for a small number of shares) peanuts. If you hold larger number of shares, then it anyway makes sense to use a different trading platform and hold the shares by yourself.
You can transfer your shares out of Sharesies then get DRP.
Correct. When you use Sharesies, any share registry functions like enabling DRP are not available, because you don't actually own a anything according to companies actual share registry.
In regards to companies saying their customer funds being are "held in trust", "held in nominee" you are still relying on them to transfer it to a nominee or trust account in the first place... we've seen what has happened to other companies that say they do this, here is one recent example:
https://www.odt.co.nz/star-news/star...ver-wages-rent
I'm not saying this will happen to Sharesies, but it is certainly not impossible.