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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New Euro.Pty | NEPI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.00 | 10.00 |
| Top Posts |
|---|
Posted at 02/12/2013 15:35 by loldemort I keep looking at this, and keep shaking my head.First, the spread is enormous, it never seems to get below 2 euros, on a 5 euro share! Second, it returns a lot of profit as dividends, but then does frequent accelerated book builds -- there's one every few months. While I understand that large dividend payments are attractive to institutions, there must be a cost associated with the book builds: is this the most efficient use of cashflow? I guess the most efficient way to invest in this is to buy an initial large stake and then simply accumulate by taking up all the offerings that come your way. That way the initial large spread gets smeared out over an ever larger number of shares. Sadly, that also means it's probably not suitable for a small investor like me. LATER: Hmm, looking at it on fin24.com, it seems that the spread is much tighter in ZAR (rand). Perhaps that enormous spread is just a function of my using a small British dealer on a relatively inactive euro quote. |
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