Mrf share

[sweetie]

Bought a share for R1.37 but on my account it reflect R1.69 how does it work?

[#2]

Probably added on fees...

[kokkie]

Have you bought less than 45 shares??

[CHATTYCHAT]

he bought around 220 shares @137c

[DR_1]

why are you wasting your time with this few shares, the fees are killing

[232926]

Hi Guys how exactly would you work out what you break even cost would be. say you bought 20000 shares at 160 just as easy figures so that I can kinda see how its worked out

[Russ]

Brokerage is 0.5% or a minimum of R50 per trade.0.5% of R10000 is R50.Therefore R10000 is the amount where 0.5% and R50 overlap.If you buy less than that the brokerage remains R50 but is now greater than 0.5% of the trade amount.The less you buy(under R10000) the greater your brokerage becomes percentage-wise.If you buy shares for only R1000 the brokerage is still R50 which is now 20%.Your share thus has to go up 20% before you are in profit.However you will again pay brokerage when you sell so you need your share to go up about double that before you sell at a profit.In my view you should buy for R10000 or more.(I have ignored strate fee which is a minimum of R10.92 per trade).

[#8]

23296, i have a spreadsheet that calculates your breakeven share price. results are as follows; Value Purchased Breakeven Share Return 1,000 14.14% 5,000 3.03% 10,000 1.65% 15,000 1.57% 20,000 1.52% 25,000 1.50% 30,000 1.48% 35,000 1.47% 40,000 1.46% 45,000 1.45% 50,000 1.45%

[232926]

Thanks guys for the replies