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$42.70 ramsay health care limited

Lucky again - I put in a 2nd bpay on the last day just to see if...

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tanon

3,125 Posts.

89

29/05/20

13:38

Post #: 44919267
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Originally posted by friendlydwarves: ↑

lucky for you. But that’s all it is - luck. I have had money paid by Bpay on the final day rejected.

yes, Bpay billers have a biller agreement with BPay that obliges them to treat payments as having been made on the day the payer makes them. However billers don’t always do that. And the biller in the case of an SPP is the share registry, not the company, so if they don’t meet their contractual obligations to BPay you’re probably shit out of luck. Generally you can’t sue on a contract to which you’re not party.

but the real nail in the coffin is, under SPPs clear terms, your money has to be in by a fixed time, usually 5pm. A biller can meet its BPay contract obligation by recognising the money as having been paid at 5:01pm, or 5:02pm, etc etc etc. In which case, again, no shares for you, and no chance of redress either.

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Lucky again - I put in a 2nd bpay on the last day just to see if it went through. The 2nd bpay was accepted and I got the extra shares.

I agree things can go wrong and payments can fail for all sorts of reasons. I have seen various bank glitches and errors including two things that apparently no one could get to the bottom of.

I am not advocating bpaying on the last day.

RHC Price at posting: $69.26 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $42.70		Change 0.160(0.38%)		Mkt cap ! $9.831B

Open	High	Low	Value	Volume
$42.57	$43.24	$42.50	$24.60M	575.7K

Buyers (Bids)

No.	Vol.	Price($)
1	82201	$42.70

Sellers (Offers)

Price($)	Vol.	No.
$42.73	6	2

View Market Depth

No.	Vol.	Price($)
1	82201	42.700
1	1780	42.670
1	30	42.580
1	1000	42.560
1	120	42.500

Price($)	Vol.	No.
42.730	6	2
42.760	2407	1
42.800	2407	1
42.840	2407	1
42.880	2407	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

RHC (ASX) Chart