by Travis Johnson, Stock Gumshoe | March 25, 2010 11:19 am
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Hi Travis,
I looked up Lonrho on Yahoo, London and the current price was $11.75/sh.
What exchange did you buy your shares from ? (Frankfort or Berlin)
Thanks for your time,
Stu
Just a quick FYI on Lonrho – as some of you may know, Fidelity lets you trade on London and other exchanges online and the commission rate is reasonable – there are some taxes for some exchanges – I bought Lonrho a while back and am about even. You can get quotes on fidelity.com – the symbol is LONR:GB
I am not pushing Fidelity, but they make trading on international exchanges easier for me and their customer support is good – I always ask them how to put through the trade online and what the expenses are they talk me through it and I get the online rate.
I just received their 2009 Annual report – I have not gone through it completely but it show a very large increase in “turnover” for continuing operations – it is mainly from their Agri-Business division for which they showed no turnover for the previous year. Their loss was UKL4.5 million vs 38.7. Their cash is down and receivables are way up – as their financials are quite complicated, I can not help with it – they say they think receivable are appropriate – they don’t seem to have much of a reserve for bad debt.
Thank you Travis – I really appreciate your work.