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ODD lots are my Pain in the wrong Place

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youcan'tstopusnow		#11 Posted : Friday, July 23, 2010 8:59:15 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		mBiaLoss wrote: I wonder how you got to 81? I thought they dont allow one to buy less than 100? mBiaLoss, such shares come about as a result of bonuses e.g. if you had 300 nic shares. A 1 for 10 bonus is given. This adds you 30 shares giving you a grand total of 330 shares (I've always wanted to say grand total ) You then sell 300 shares after the bonus books closure (since you can only sell in lots of 100) Thus leaving you with 30 shares, not to mention a lifetime supply of financial reports. If another 1 for 10 bonus is given, you'll have 33 shar es GOD BLESS YOUR LIFE
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Gordon Gekko		#12 Posted : Friday, July 23, 2010 9:26:41 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		Amen to that @ycsun. Just wish they could send me a cheque for only half of the cost of printing and mailing the report instead.
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youcan'tstopusnow		#13 Posted : Friday, July 23, 2010 10:02:07 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		trizher wrote: i have 40 nmg. . . . . .wanna get out 2! Thats over 4000 bob! which you are unable to cash in on. NSE should change the rules GOD BLESS YOUR LIFE
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youcan'tstopusnow		#14 Posted : Friday, July 23, 2010 10:07:28 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Gordon Gekko wrote: Amen to that @ycsun. Just wish they could send me a cheque for only half of the cost of printing and mailing the report instead. Hehe! We should make a point of suggesting that at one of the AGMs GOD BLESS YOUR LIFE
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slykat		#15 Posted : Friday, July 23, 2010 11:15:17 PM
Rank: Member Joined: 2/20/2007 Posts: 359		Financial Reports for life, lol! I do get a 15bob cheque too...hopefully for life, but I never cash them.
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Mkimwa		#16 Posted : Saturday, July 24, 2010 1:54:53 AM
Rank: Member Joined: 10/26/2008 Posts: 380		there is the ODD lots board, where these are traded. you can sell them, problem is however that you have to sell them below market price. For those out there willing to buy, you can ask your broker to get you these odd lots , cheap way of getting those stocks.
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youcan'tstopusnow		#17 Posted : Saturday, July 24, 2010 4:08:06 AM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Mkimwa, instead of selling below market rates, I'd rather wait for more bonuses and/or splits that will turn my odd lots into multiples of 100, then I can sell them. Only problem is if after another bonus I end up with a crazy number like 472 shares. I sell 400 and remain with 72. It'll be a contuining cycle GOD BLESS YOUR LIFE
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mBiaLoss		#18 Posted : Saturday, July 24, 2010 9:51:45 AM
Rank: New-farer Joined: 6/23/2010 Posts: 52 Location: Majuu		I think in this day and age the NSE or whoever is responsible should just change the damn archaic rules that that one is able to sell or buy all shares one wants, including one share. Imagine having Berkshire Hathaway Inc class A shares, current price for one share is $118,000. If in NSE you cant sale that then you stuck with one very expensive share! As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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Gatheuzi		#19 Posted : Saturday, July 24, 2010 12:34:34 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		I have 6 kenya-re shares but in 2 CDS accounts so for each of the 3 shares I get financial reports, an EFT of about Ksh1.50 and if I so wish I can get 2 pack of goodies at the AGM's!!! I am also a proud owner of 36 Kengen shares. I got these odd slots from the IPO's. Luckly for Safaricom they rounded the allotments to the nearest 100. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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sparkly		#20 Posted : Saturday, July 24, 2010 2:28:24 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Gatheuzi wrote: I have 6 kenya-re shares but in 2 CDS accounts so for each of the 3 shares I get financial reports, an EFT of about Ksh1.50... lol, i also see a situation where i might be left with 40NMG, 16 TPS and 33 NIC. Life is short. Live passionately.
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