Managed Funds Navra Alternatives

Discussion in 'Shares & Funds' started by lorrimer, 5th Nov, 2008.

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  1. Mark Leo

    Mark Leo Well-Known Member

    Joined:
    1st Jul, 2015
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    54
    OIF

    Hi all,
    Comsec has banned margin lending for trading in Orchard Industrial Property Fund (OIF). Here's the announcement:

    ''The following securities have been capped with no further lending permitted, FKP Property Group (FKP), Industrea Ltd (IDL), Orchard Industrial Property Fund (OIF), Panaust Ltd (PNA), Reckon Ltd (RKN), & Village Roadshow Preference (VRLPA)''

    ML
     
  2. crc_error

    crc_error The Rule of 72

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    Location:
    Melbourne, VIC
    Hi Mark,

    Comsec hasn't banned lending on OIF, they have capped lending. This is common when a margin lenders exposure to a stock reaches a certain point, they will cap further lending.
     
  3. crc_error

    crc_error The Rule of 72

    Joined:
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    Location:
    Melbourne, VIC
    good to see lots of buying support coming in for OIF..
     
  4. Mark Leo

    Mark Leo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    54
    OK so I should have said 'banned further margin lending for trading in OIF'. Better?
    ML
     

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