jurgen keeps buying, page-60

PRAWNO,

From Commsec's FAQ:

What is the minimum amount of shares I am able to purchase?

The minimum holding in any stock is $500 worth of shares, or $500 worth of the underlying security if trading derivatives. This is known as a "Marketable Parcel".

The ASX requires that investors maintain a minimum shareholding at all times of $500 (or $500 of the underlying security) and if a holding balance falls below this amount the relevant share registry may sell a holding at their own discretion and issue a cheque for the proceeds to a client.

As a broker, our obligation to the ASX requires that your initial purchase be a minimum of $500 (or equivalent underlying), after which you may sell shares and thereby reduce your holding, or purchase additional shares in any amount you wish. It is up to the investor to maintain a marketable parcel after purchase.

Please note that the marketable parcel is calculated on the current value of the shares, irrespective of the purchase value, therefore a holding may fall below the marketable value as prices rise and fall.