Australia's largest stock trading and investment forum Australia's #1 stock forum

SPT

0.00%

7.5¢ splitit payments ltd

Watch This Space, page-1904

First 1904 Last

Share
Profile

Follow
Growme84

606 Posts.

60

06/01/21

22:48

Post #: 49993518
Share

Originally posted by SlamMan: ↑

If any of your current shares you own have an accepted leverage percentage, (40% or 75% etc) they can be used to loan against in the margin loan account.
You will need to apply for the margin loan and move the shares into the margin loan account.
Depending on the equity you have in those shares, that will determine the amount you can loan and monthly interest payments on the amount loaned.
The shares you choose to invest the margin loan funds in to do not have to have an accepted or approved leverage amount, you could use the money to buy a car if you wanted. Although the interest cannot be claimed as a tax deduction unless the car is for business purposes, but you get my point.

You can invest the funds in any company, leveraged or not.
if you choose a leveraged company, that can be used again to loan against, increasing you margin loan, which will require another application to increase your margin loan amount.

If none of your shares you own can be used as equity then there is nothing you can do to buy SPT on a margin.

This is not financial advice and trading with margin loans can force you to sell your shares to cover losses. Do your own research.

Expand

thanks slamman. Appreciate the advice. Looks like I ll have to wait for some of my other shares to come into green and move them to SPT. Hopefully I can still catch more SPT at around these prices

SPT Price at posting: $1.29 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

IMA

Issues emerging as Australian companies tackle critical minerals challenge

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

There are more pages in this discussion • 6,131 more messages in this thread...

First 1904 Last

Add SPT (ASX) to my watchlist

Watch This Space, page-1904

Top Stories

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Cauldron Energy reports "excellent" uranium assays in latest drill run

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News