Q: What are your thoughts on SDX earnings and would you consider the drop today a good buying opportunity? When will it de-list from the Canadian exchange?
Q: Hello Peter et al.
Furthermore to my question I asked on this company on Jan 31st after their plans to delist from the TSXV and be only listed on the LSE AIM to save costs I have some other enquires.
I have currently been employing a strategy to consolidate all of my shares into one account - my RRSP account prior to the delisting to limit the impact of the higher brokerage fee of $250 vs. $9.99 currently. I still believe in this company and believe in the long term hold of another 2 to 3 years and I will be rewarded.
However, I have been reading that the LSE AIM is not an exchange that is allowed to be used for RRSPs or TFSAs. Because of this if I hold this stock in my RRSP I will have to pay a monthly penalty of 1% of the capital value of the stock. Are you aware of this or can provide any advice?
I assume I can hold it in a regular stock account and pay no penalty.
Any advice will be appreciated. I plan to also ask my discount brokerage about this as well.
Regards,
Brendan
Furthermore to my question I asked on this company on Jan 31st after their plans to delist from the TSXV and be only listed on the LSE AIM to save costs I have some other enquires.
I have currently been employing a strategy to consolidate all of my shares into one account - my RRSP account prior to the delisting to limit the impact of the higher brokerage fee of $250 vs. $9.99 currently. I still believe in this company and believe in the long term hold of another 2 to 3 years and I will be rewarded.
However, I have been reading that the LSE AIM is not an exchange that is allowed to be used for RRSPs or TFSAs. Because of this if I hold this stock in my RRSP I will have to pay a monthly penalty of 1% of the capital value of the stock. Are you aware of this or can provide any advice?
I assume I can hold it in a regular stock account and pay no penalty.
Any advice will be appreciated. I plan to also ask my discount brokerage about this as well.
Regards,
Brendan
Q: SDX will be delisted from the Venture Exchange and remain on the AIM. When this sort of event occurs what happens to shareholders who want to stay invested? Is there typically a mechanism that transfers their holdings to the remaining exchange or do they have to sell on one exchange and buy on the other?