FPO/Partly-paid shares/Preference shares? - Aussie Stock Forums

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  1. #1

    Default FPO/Partly-paid shares/Preference shares?

    I dont understand really the diff between FPO shares, partly paid shares and preference shares.

  2. #2

    Default Re: FPO/Partly-paid shares/Preference shares?

    FPO - 'ords' are the basic shares issued by a company

    Partly paid are shares in the company where investors have paid a deposit and have a given(known) timeframe to pay the rest or the company can call for payment on partly paid shares.

    If payments are missed when due or called by the company the investor loses the amount already paid and the company can auction such shares.

    Preference shares - rank higher than ordinary shares in the event of the company going bankrupt. They may also carry a higher amount in dividends.
    The may also convert into ordinary shares in the future at a given conversion rate.

    The ASX site has more details I'm sure.
    Never argue with an idiot. They bring you down to their level and beat you with experience.

  3. #3

    Default Re: FPO/Partly-paid shares/Preference shares?

    thanx dude

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