Easy Equities good or bad?

[FrankieK]

Great, now look at the some of the less traded options, you'll see there definitely is a spread.


The way that shares are undervalued. Explain to me how the bid can be R7.10 when there have been a couple of trades near R14. Take a look at their trading prices and tell me how EE can justify a price of R7.10 when trades are happening at amounts that are nearly 100% above that and for all we know trades that EE are doing themselves.

The bid is R7.10 and the ask is R14. These are all limit orders. Someone comes along and decides he really wants those shares at R14 and places a market buy order. The share price will show a last traded price of R14 but the bid will still remain at R7.10.



Here is a snapshot of Apple's current bid-ask book. You will notice that the last trade (Blue) was for 100 shares at $100.65 (the ask/green) but the bid is only 100.40 (Yellow). That shows that the buyer went up to buy at the ask but the highest bid (limit order) is still at 100.40.

With a stock that has very little volume you will most of the time have big bid-ask spreads.

 

[Neo_X]

Could've made adjustments to how sell/buy prices are calculated
Could've improved performance. Some transactions are slow on the site.
Could've improved the speed with which dividends are paid out (immediately instead of +1/+2 days)

But whatever. It is software at the end of the day and sometimes it breaks.

yup correct - I noticed earlier this week that their Dividend scripting option (sent via email) has been improved from a manual reply, to an automatic button option which i like.


now just to keep an eye out for my free NEP shares

 

[Hamster]

yup correct - I noticed earlier this week that their Dividend scripting option (sent via email) has been improved from a manual reply, to an automatic button option which i like.


now just to keep an eye out for my free NEP shares

You and me both

My guess - Thursday or Friday

 

[Swa]

The 710 - 1365 is not an EE spread. That's the market spread, I see the same spread on 2 different platforms. That is there are orders to sell for 1365 and up and there are orders to buy from 710 down. So if you want to buy immediately, you have to pay 1365 and if you want to sell immediately you will only get 710. That's the way markets work and its exacerbated by this being a very low volume share.

That's not the point. EE isn't live traded. I could see that as the reason if they were selling my stock immediately but the trades do not show up on any finance graph and only later there are trades at much higher prices. EE is effectively removing the order book system access from us but can use it themselves to get a higher price. This is only one aspect though and there are many others that make them look a bit shady to me.

The bid is R7.10 and the ask is R14. These are all limit orders. Someone comes along and decides he really wants those shares at R14 and places a market buy order. The share price will show a last traded price of R14 but the bid will still remain at R7.10.

View attachment 348447

Here is a snapshot of Apple's current bid-ask book. You will notice that the last trade (Blue) was for 100 shares at $100.65 (the ask/green) but the bid is only 100.40 (Yellow). That shows that the buyer went up to buy at the ask but the highest bid (limit order) is still at 100.40.

With a stock that has very little volume you will most of the time have big bid-ask spreads.

See my response above.

 

[Hamster]

That's not the point. EE isn't live traded. I could see that as the reason if they were selling my stock immediately but the trades do not show up on any finance graph and only later there are trades at much higher prices. EE is effectively removing the order book system access from us but can use it themselves to get a higher price. This is only one aspect though and there are many others that make them look a bit shady to me.


See my response above.

EE more than likely makes use of bulk trades every x amount of minutes to reduce costs

 

[Swa]

EE more than likely makes use of bulk trades every x amount of minutes to reduce costs

Or the actual sale takes place another time at a much higher price.

 

[Hamster]

Or the actual sale takes place another time at a much higher price.

The reason I'm saying they are doing bulk trades to bring costs down is because they wouldn't be the only stockbroking platform to consider/implement this.

In fact, that is why FNB Share Saver is so cheap. It's not my specific area but I think Standard Bank's Auto Share Invest does it too.

 

[Swa]

The reason I'm saying they are doing bulk trades to bring costs down is because they wouldn't be the only stockbroking platform to consider/implement this.

In fact, that is why FNB Share Saver is so cheap. It's not my specific area but I think Standard Bank's Auto Share Invest does it too.

The difference is those invest for everyone at the same time. EE has everyone picking the time and shares for a trade. You can't really compare the two as in the time it takes to place a trade the price could go up or down with no way to predict it. Would be incredibly risky. On the other hand giving people the current price and then reselling it at the regular price is not.

I can't even say that my trades were executed. There's a lot of unanswered questions with EE like why shareholder communications are not being sent out.

 

[gjm]

Is there any way I can get an investment statement of my holdings as at a certain date?

 

[FrankieK]

Or the actual sale takes place another time at a much higher price.

I think I understand your issue now. You are saying that EE is taking the other side of your trade and not routing that order to the market for the best available price. You are saying that when you sell your shares they are bought by EE "in-house" and kept on their book until they can get a better price on the actual market.

You sell your shares and get R7.10 but that transaction doesn't show up on the trade list because they were bought by EE. EE then takes those shares they bought from you at R7.10 and sells them on the open market at R14. Is this what you think is happening?

 

[Diplos]

I think I understand your issue now. You are saying that EE is taking the other side of your trade and not routing that order to the market for the best available price. You are saying that when you sell your shares they are bought by EE "in-house" and kept on their book until they can get a better price on the actual market.

You sell your shares and get R7.10 but that transaction doesn't show up on the trade list because they were bought by EE. EE then takes those shares they bought from you at R7.10 and sells them on the open market at R14. Is this what you think is happening?

In forex that's called 'B-booking'. I don't think it's allowed in equity and derivatives trading, at the very least it would be severely frowned on. I think it's a bit conspiracy theorist to think they are doing this.

 

[FrankieK]

In forex that's called 'B-booking'. I don't think it's allowed in equity and derivatives trading, at the very least it would be severely frowned on. I think it's a bit conspiracy theorist to think they are doing this.

Something like this: http://www.investopedia.com/study-guide/series-55/commissions-and-trade-complaints/broker-vs-dealer/

 

[Swa]

I think I understand your issue now. You are saying that EE is taking the other side of your trade and not routing that order to the market for the best available price. You are saying that when you sell your shares they are bought by EE "in-house" and kept on their book until they can get a better price on the actual market.

You sell your shares and get R7.10 but that transaction doesn't show up on the trade list because they were bought by EE. EE then takes those shares they bought from you at R7.10 and sells them on the open market at R14. Is this what you think is happening?

Yup.

In forex that's called 'B-booking'. I don't think it's allowed in equity and derivatives trading, at the very least it would be severely frowned on. I think it's a bit conspiracy theorist to think they are doing this.

It is more than just speculation
I bought 2 shares on 21 December, 5+3 on 22 December, 5+5 on 23 December and 5+5 on 4 January. All at R14.The only trades I could find at R14 happened on 22,24,30 December and 4,6,7,8,18,29 January but most of them were not small trades. The only small trades were 202 on 23 December at R13.85, 75 on 28 December at R13.75 and 50 on 6 January at R14.

So which of those covered my trades? I think it's a combination of at least two of them. Why do they have a 10 day period to settle transactions? EE claims this is in line with the JSE. It isn't, the JSE state 5 days. Notice the dates of those transactions and you'll have a clearer idea why.

 

[AirWolf]

They also have a limited number of shares you can buy i.e. they only sell shares they already own.

Sometimes they stop trading on certain shares.

 

[Hamster]

They also have a limited number of shares you can buy i.e. they only sell shares they already own.

Sometimes they stop trading on certain shares.

What?! They stop or limiting trading ng of low volatility shares as a protection mechanism.

 

[AirWolf]

What?! They stop or limiting trading ng of low volatility shares as a protection mechanism.

Any share you buy has a limit on EE. No?

 

[FrankieK]

What?! They stop or limiting trading ng of low volatility shares as a protection mechanism.

Brokers or dealers can not stop the trading of shares. This can only be done by the Exchange. When they act as a broker they have to route your order to the exchange and when they act as dealers/market makers they can choose not to participate in the auction but they can not unilaterally suspend trading in low volume shares because they feel like it.

 

[Hamster]

Brokers or dealers can not stop the trading of shares. This can only be done by the Exchange. When they act as a broker they have to route your order to the exchange and when they act as dealers/market makers they can choose not to participate in the auction but they can not unilaterally suspend trading in low volume shares because they feel like it.

They stop the trade via the site. You phone the trading desk and you can trade anything.

So sick of this thread going in circles. Same scht keep on coming up. FFS just move your portfolios to another broker already and get over it.

 

[Hamster]

Anybody received their dividend payout for NEP yet?

 

[Piafka]

Anybody received their dividend payout for NEP yet?

According to Nepi website:

Dispatch of share certificates, payment of cash dividend, CSDP/broker accounts credited/updated and new NEPI shares listed on the JSE on Tuesday, 22 March