Well this is where enlightened self-interest comes in.Cheaper to buy on the market the the SPP WTF
Is a share holder better off buying on market from an anonymous stranger at a slightly lesser price than the SPP price or would they be better off in the long run by paying the money at the small premium to the company of which they are a part owner?*
An SPP is the only time most "unsophisticated" investors get the chance to actually contribute to the company. The company does not benefit directly from shares sold on the open market. I think that a better system would be where the company receives a (small) percentage of every sale. Having observed the ASX's accessory-before-the- fact performance, I'd probably add a fixed fee as well to stop bot manipulation trades of very low numbers of shares.
* Reminds me of my maiden Aunt Penny Wize.
Last edited: