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Do you know how I can buy shares from UK in a company listed on Australian ASX market, without being charged an arm and a leg?...
Question
Do you know how I can buy shares from UK in a company listed on Australian ASX market, without being charged an arm and a leg? - Posted by Ben
Answer
ANSWER 22nd January 2010
Hi Ben,
OK, this is not the easiest of things to do because of the time difference. This is what I do: Check the last trade price from somewhere like Yahoo Finance to get an idea what the approximate share price is. Then I place an order in the London market with a sensible limit just off the price (also depends how much you want the stock!). If it doesn't trade then I will leave it overnight in Australia (maybe with a slightly wider limit). Again it does depend what you think of the stock and how much you want to buy it. But if you place the order overnight 'at best' then you run the risk of paying a high price.
Not sure what you consider an arm & a leg but this maybe slightly dearer than a UK stock because you will be accepting a net price plus the London broker's commission.
Hope this answers your question. If not, why not post on our forum?
Hi Ben,
OK, this is not the easiest of things to do because of the time difference. This is what I do: Check the last trade price from somewhere like Yahoo Finance to get an idea what the approximate share price is. Then I place an order in the London market with a sensible limit just off the price (also depends how much you want the stock!). If it doesn't trade then I will leave it overnight in Australia (maybe with a slightly wider limit). Again it does depend what you think of the stock and how much you want to buy it. But if you place the order overnight 'at best' then you run the risk of paying a high price.
Not sure what you consider an arm & a leg but this maybe slightly dearer than a UK stock because you will be accepting a net price plus the London broker's commission.
Hope this answers your question. If not, why not post on our forum?
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