Just got a call from Bell Potter.. They are getting a lot less than 12.5% (from memory he said somewhere around 6-7%)..
So from the looks of it, JLMs are getting around 12.5% across the board.. The others are getting around 6-7% overall..
Having said that, if you have a good relationship with your broker (do a lot of transactions, etc), you'll get a minimum 15-20%..
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