Rockpool Acquisitions Share Discussion Threads

[stateside] 18/9/2009 21:10

That's 2 of us.

[drago] 18/9/2009 19:27

i valued it correctly, but the entire market disagreed, doh!

[stateside] 18/9/2009 19:21

A certain publication (which shall remain nameless cos it gets your post deleted, but it comes out every Friday & starts with the initial I & C) rates it a buy at 30p.
Says the UK never valued it correctly.
How true.

[markfrankie] 15/9/2009 10:34

will probaby hold? i have ended up here from anzon ael take over, felt good about that as this seemed more liquid at the time although ael was at a bit of a discount, already hold paper certs, "kagarnee" as they say in nepal, what to do?

[steve73] 15/9/2009 09:02

thanks ss,
my aussie colleague still rates them a hold, or even a buy at these prices, but I don't want to commit anymore in UK-AIM, and still haven't got round to opening an intl account (the problems of being NFA - no fixed abode)

[stateside] 15/9/2009 08:36

Steve. They are 1:1. I meant the actual Aussie price compared to the UK one. They are now equal though with the ASX price at 61cents.
I wonder why the weakness in Aussieland.

[steve73] 15/9/2009 02:56

tgg, I agree that I don't want to be holding overseas paper certs, (I have some EEL paper that's only useful for wiping my ar*e with) but if there's no recovery until then...
ss - are you sure that these are at a discount to the ASX shares? I'd always thought they were 1 for 1.
hi cm, 333 for me, hope you're well.

[cmabey] 14/9/2009 18:52

Steve73: Hi - hope all well ROC excepted and you (& all) get a decent outcome from this.
Have some Mi Xao Cap Tham and a BaBaBa for me, Cheers!

[thegreatgeraldo] 14/9/2009 18:41

Steve73 - 14 Sep'09 - 08:52 - 1040 of 1044


I'll wait to see what idealing suggest I do with my holding - probably convert it to a paper certificate similar to what they do with my shares that get delisted for other reasons...

.I'd imagine that would be about the worst option - dealing in an overseas stock via cert. Dealing charges are bad enough for trading in certs on uk stocks!

[stateside] 14/9/2009 14:26

The exchange rate is a variable & will change for the better or worse. Not a lot to be done about that.

A silver lining might be that the Aim listed shares will be linked directly to the Aus price as I see it. They'll be converted at a fixed ratio I think.

The Aim price has always been at a discount to the Aussie ones haven't they? Not had much time to work it out today yet. This discount may change once the overhang of rapid sellers are cleared out.

Could soon be a bargain !! Hahahahahah

Always look on the bright side of life :-0

[robwoodt] 14/9/2009 14:01

with the exchange rate at $1.9 to a £1 and historically it's been more around $2.5 to £1. If the £ improves over the $ which i expect to happen over the next year we'll need a lot higher share price to balance the loss from the exchange rate.

correct me if i'm wrong?

[oooff] 14/9/2009 12:35

TDWaterhouse trades Australian listed shares.
Not traded any Australian myself, but I have not had any problems with US stocks through them.

[steve73] 14/9/2009 08:52

interactivebrokers.com seems to be about the best of the international internet brokerages I've come across, but I've not got around to opening an account so cannot comment.
I'll wait to see what idealing suggest I do with my holding - probably convert it to a paper certificate similar to what they do with my shares that get delisted for other reasons...

[stateside] 14/9/2009 08:44

Best not to panic & sell at any price if you don't need the cash in the near future. The shares can be sold when (if??) the price atabalises or wait to receive shares for the Aussie market. At the moment it looks like the latter!!

My problem is that Selftrade doesn't deal with Aussie shares. Anyone recommend a broker to eventually sell these through please??

[robwoodt] 14/9/2009 08:43

What will happen to the stock after the 2nd November?

[goodgrief] 14/9/2009 08:30

Note to self; never buy a stock on a secondary listing. And that goes for Anzon too!

[rayrac] 14/9/2009 07:42

Pleased not to be a part of it, my broker would cancel a straight Aussie holding anyway. :(

Surely they are not short of cash?

[poo bear] 14/9/2009 06:26

D1 shares to be transferred to the ASX.