I actually asked this question to Esuperfund. I will use...

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burnhi

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20/09/18

11:39

Post #: 35722850
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Originally posted by stockguru ↑

Hi Rick.

Like everyone else, i wasn't expecting this. I'm quite uneasy about having my shares on another exchange and having to setup international trading accounts. Most of us are used to trading on the ASX so trading on another exchange triggers the fear of the unknown but it's not as bad as it seems. It's just another exchange.

The way i see it, all eyes should be on the AMAL s/p, TAW s/p irrelevant unless you want to grab a bargain with the 1-1.1 conversion still on the table. So if you hold 200000 shares of TAW, you get a 220000 AMAL allocation. If you manage to snap up cheap TAW shares tomorrow the greater the conversion. As long as the AMAL s/p has support TAW s/p doesn't mean anything.

Am checking with Esuperfund about international trading, looks like have to setup a Saxo Capital Markets trading account and link it back. Hopefully I will get an answer tomorrow to share for those who use Esuperfund as their smsf.

Looks like Comsec and Westpac allow trading on sgx but need to setup an international trading account if you hold an asx trading account. Not sure if the share swap happens automatically in the account from one index to another.

I'll admit it's a bit of a hassle but does it warrant dumping tomorrow, not in my opinion, fundamentals are still the same, only the trading platform has changed.

I suggest you do some reading, call your current brokers tomorrow and the can advise the best way to setup your new trading accounts. The market cap will dictate the price so don't give away your hard earned shares for peanuts over the next few days.

Once the merger completes and the dust settles, we should be ok, like I said the fundamentals have not changed. GLTA.

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I actually asked this question to Esuperfund. I will use commsec.

"We advise that you may establish the International account with the broker directly in this case. However, please note that our office will not receive the electronic data feed and therefore, at the end of the Financial Year, you will be required to provide us with the statements and trades details."

TAW Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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