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Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:pugboy wrote:20 to 1?PariaMan wrote:Massy cross listing and splitting
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
pugboy wrote:i’ve owned massy since it was $1.79 in 1996
Mmoney607 wrote:Redman wrote:Mmoney
Cross listing improves liquidity, by broadening the access that investors have to the stock.
Liquidity would temper some short term volatility as the more investors with varying and opposing views would smooth out price action.
Cross listing isn't good or bad in and of itself.
Yes TnT companies are buying it ttse and selling in the jse.
However be careful as there is significant costs and slippage inherent in the process
Local commissions,transfer fees,jse commissions,then fx conversion cost.
And keep price movement against you in mind as well as well.
Factor in time start to finish...
Costs can be as much as 15%
This is based on a corporate entity being advised to do this by a local broker....without disclosing the real costs.
When I broke it down the juice wasn't worth the squeeze to any one,except the broker and his 7 figure fees.
Sometimes it's the Shepherd that's eating his flock
Thanks regarding the buying tt and selling jse.
But isn't the cross listed stocks still trading at different prizes and different volumes on both exchanges? So how it making the stock more liquid?
wtf wrote:Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:pugboy wrote:20 to 1?PariaMan wrote:Massy cross listing and splitting
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
Why waste time buying Local Shares when you get better results with mutual funds and have immediate liquidity?
Redman wrote:Mmoney607 wrote:Redman wrote:Mmoney
Cross listing improves liquidity, by broadening the access that investors have to the stock.
Liquidity would temper some short term volatility as the more investors with varying and opposing views would smooth out price action.
Cross listing isn't good or bad in and of itself.
Yes TnT companies are buying it ttse and selling in the jse.
However be careful as there is significant costs and slippage inherent in the process
Local commissions,transfer fees,jse commissions,then fx conversion cost.
And keep price movement against you in mind as well as well.
Factor in time start to finish...
Costs can be as much as 15%
This is based on a corporate entity being advised to do this by a local broker....without disclosing the real costs.
When I broke it down the juice wasn't worth the squeeze to any one,except the broker and his 7 figure fees.
Sometimes it's the Shepherd that's eating his flock
Thanks regarding the buying tt and selling jse.
But isn't the cross listed stocks still trading at different prizes and different volumes on both exchanges? So how it making the stock more liquid?
Well the different prices are because of the 2 different markets....maybe the selling pressure is higher in JA.
the LIQUIDITY is a function of the number of participants in the market-and their relative size.
That means better price discovery in that the price at any time will be less distorted due to demand/supply imbalances.
Trinidad would have 100,000 market participants
Jamaica 300,000 participants.
A cross listed stock now has the aggregate of participants as prospective traders.
At any gven data point you would have more people in de ting.
Its an esoteric point.
Mmoney607 wrote:Redman wrote:Mmoney607 wrote:Redman wrote:Mmoney
Cross listing improves liquidity, by broadening the access that investors have to the stock.
Liquidity would temper some short term volatility as the more investors with varying and opposing views would smooth out price action.
Cross listing isn't good or bad in and of itself.
Yes TnT companies are buying it ttse and selling in the jse.
However be careful as there is significant costs and slippage inherent in the process
Local commissions,transfer fees,jse commissions,then fx conversion cost.
And keep price movement against you in mind as well as well.
Factor in time start to finish...
Costs can be as much as 15%
This is based on a corporate entity being advised to do this by a local broker....without disclosing the real costs.
When I broke it down the juice wasn't worth the squeeze to any one,except the broker and his 7 figure fees.
Sometimes it's the Shepherd that's eating his flock
Thanks regarding the buying tt and selling jse.
But isn't the cross listed stocks still trading at different prizes and different volumes on both exchanges? So how it making the stock more liquid?
Well the different prices are because of the 2 different markets....maybe the selling pressure is higher in JA.
the LIQUIDITY is a function of the number of participants in the market-and their relative size.
That means better price discovery in that the price at any time will be less distorted due to demand/supply imbalances.
Trinidad would have 100,000 market participants
Jamaica 300,000 participants.
A cross listed stock now has the aggregate of participants as prospective traders.
At any gven data point you would have more people in de ting.
Its an esoteric point.
Oh I see. That's only relevant if you trading in both markets.
Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.Mmoney607 wrote:wtf wrote:Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:pugboy wrote:20 to 1?PariaMan wrote:Massy cross listing and splitting
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
Why waste time buying Local Shares when you get better results with mutual funds and have immediate liquidity?
Is hard most people to get access to us dollars. Local Mutual funds have potential to give better returns than local stocks?
wtf wrote:Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.Mmoney607 wrote:wtf wrote:Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:pugboy wrote:20 to 1?PariaMan wrote:Massy cross listing and splitting
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
Why waste time buying Local Shares when you get better results with mutual funds and have immediate liquidity?
Is hard most people to get access to us dollars. Local Mutual funds have potential to give better returns than local stocks?
Also when you buy shares yourself, you pay fees.
Some local mutual funds are totally free to buy units.
Lastly you can Cash out of mutual fund anytime as liquidy is not an issue.
With your own shares you have to wait till someone purchases it at the price you set.
You're way better off putting your money in a mutual fund than buying your own shares.
Investing in Trinidad isn't like investing in America.
wtf wrote:Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.
WrongAlso when you buy shares yourself, you pay fees.
Some local mutual funds are totally free to buy units.
All funds have charges ...whether disclosed or not.
Management fees, trading cost, directed execution agreements, which run whether it's performing or not
Funds are a business.
Lastly you can Cash out of mutual fund anytime as liquidy is not an issue.
With your own shares you have to wait till someone purchases it at the price you set.You're way better off putting your money in a mutual fund than buying your own shares.
Investing in Trinidad isn't like investing in America.
Nope. The ones I use have NO fees whatsoever.dogg wrote:wtf wrote:Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.Mmoney607 wrote:wtf wrote:Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:pugboy wrote:20 to 1?
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
Why waste time buying Local Shares when you get better results with mutual funds and have immediate liquidity?
Is hard most people to get access to us dollars. Local Mutual funds have potential to give better returns than local stocks?
Also when you buy shares yourself, you pay fees.
Some local mutual funds are totally free to buy units.
Lastly you can Cash out of mutual fund anytime as liquidy is not an issue.
With your own shares you have to wait till someone purchases it at the price you set.
You're way better off putting your money in a mutual fund than buying your own shares.
Investing in Trinidad isn't like investing in America.
There are literally dozens of mutual funds available locally and they all have fees as AFAIK. Which one(s) you referring to?
Yes you will make money.PariaMan wrote:There is money to be made in the local stock market.
Just gotta be smart and patient
It's also much more interesting than just buying mutual funds and waiting
The online platform with reduced fees really takes it to another level.
Ok well good luck picking your winning stocks on the local market.Redman wrote:wtf wrote:Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.
WrongAlso when you buy shares yourself, you pay fees.
Some local mutual funds are totally free to buy units.
All funds have charges ...whether disclosed or not.
Management fees, trading cost, directed execution agreements, which run whether it's performing or not
Funds are a business.
Lastly you can Cash out of mutual fund anytime as liquidy is not an issue.
With your own shares you have to wait till someone purchases it at the price you set.You're way better off putting your money in a mutual fund than buying your own shares.
Investing in Trinidad isn't like investing in America.
Really?
Most of this post is incorrect at best.
wtf wrote:Nope. The ones I use have NO fees whatsoever.dogg wrote:wtf wrote:Yes mutual will give way better returns than buying you own shares because the mutual funds own foreign shares in the portfolio so you get returns from foreign companies and territories.Mmoney607 wrote:wtf wrote:Shares in Trinidad ain't really liquid. Very slow also. You're better of with American shares.snatman wrote:Mmoney607 wrote:snatman wrote:
20:1 makes it more accessible to Jamaican traders.
Currently no traders are offering Agostini or Massy shares for sale!!
Been harping here on Agostini for a while. Seemed a sure bet.
No sell orders on TOP means that no one wants to sell? not even through their broker? ? Before TOP, how would you know if there were sell orders?
No sell orders on TOP means that no one wants to sell? not even through their broker? ?
That is correct. At least not at prevailing prices.
Before TOP, how would you know if there were sell orders?
You would have had to ask your broker.
Why waste time buying Local Shares when you get better results with mutual funds and have immediate liquidity?
Is hard most people to get access to us dollars. Local Mutual funds have potential to give better returns than local stocks?
Also when you buy shares yourself, you pay fees.
Some local mutual funds are totally free to buy units.
Lastly you can Cash out of mutual fund anytime as liquidy is not an issue.
With your own shares you have to wait till someone purchases it at the price you set.
You're way better off putting your money in a mutual fund than buying your own shares.
Investing in Trinidad isn't like investing in America.
There are literally dozens of mutual funds available locally and they all have fees as AFAIK. Which one(s) you referring to?
And yes they are very reputable.
wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
There will obviously be fees but you don't pay for it personally.Redman wrote:wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
So how is the business run?
wtf they paying their bills with?
wtf wrote:There will obviously be fees but you don't pay for it personally.Redman wrote:wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
So how is the business run?
wtf they paying their bills with?
When depositing cash you aren't charged a fee.
When withdrawing you aren't charged either.
Is that considered free?
wtf wrote:There will obviously be fees but you don't pay for it personally.Redman wrote:wtf wrote:The mutual funds I use do not carry any load charge. This is unlike other mutual funds in the market which carry front end or back end load charges.
So how is the business run?
wtf they paying their bills with?
When depositing cash you aren't charged a fee.
When withdrawing you aren't charged either.
Is that considered free?
PariaMan wrote:Massy really on the move ! Dividend, split and cross list probably driving it upwards
That 2.30 per share is very attractive
If NGL Dividend goes any thing close to the 1.50 per share in 2019 expect a similar rush.
Allocate your money for the FCB APO as well as the the TTMF IPO that due next year
Was talking to a guy at TTMF and he said the actively working on it
pugboy wrote:yeah I think ppl are buying/driving up massy in anticipation, some crazy speculative buying
massy and rbl have been consistent dividends for me, thank god esp in these times.
I just tried to login to my stockex account and as usual I cannot get in, they have some ridiculous hard password policies and I always cannot remember it, this time I wrote it down and it still doesnt work and even worse the ENTIRE website is locked out to
me including the regular front page. cant even click on the lost password link
steups
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