Join our investing community

Macquarie Shareholders

Discussion in 'Shares' started by potter07, 6th Nov, 2007.

  1. potter07

    potter07 Member

    Joined:
    21st Sep, 2007
    Posts:
    12
    Location:
    Melbourne
    Hi people,

    A bit of advice is sought. Following the restructure of Macquarie Bank from ticker MBL to MQG, my position statement on Commsec fails to show my previously MBL holdings as MQG- ie, my MBL shares are basically de-activated, and their value removed from my statement.

    Will the one for one share transfer occur automatically on Commsec, or do I need to do something to effect the change?

    Your advice/experience would be appreciated.

    Cheers, potter07
     
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Having only dealt with a rebadged etrade in my experiance they get it sorted out eventualy.
     
  3. vandalic

    vandalic Active Member

    Joined:
    2nd Jan, 2007
    Posts:
    35
    Location:
    Brisbane, QLD
    I'm in the same boat, also have MBL and invest via Commsec. All will be good in a few days.
     
  4. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    hope you dont have margin loans...
     
  5. vandalic

    vandalic Active Member

    Joined:
    2nd Jan, 2007
    Posts:
    35
    Location:
    Brisbane, QLD
    Doesn't affect it when these circumstances occur.
     
  6. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    I think my holding in them is under 5% so not overly fussed holding them on margin.