LSE or ISE

Ace2007

Hey Guys,

Quick question for you, if a share you wish you purchase is listed on the LSE and ISE, is there and advantages of choosing to buy on one market or the other, other than stamp duty being 1% on ISE and 0.5% on LSE?

Obi there is a currency risk, but apart from that is it the same?

Thanks

frankeee

Ace2007 wrote: »

Hey Guys,

Quick question for you, if a share you wish you purchase is listed on the LSE and ISE, is there and advantages of choosing to buy on one market or the other, other than stamp duty being 1% on ISE and 0.5% on LSE?

Obi there is a currency risk, but apart from that is it the same?

Thanks

I prefer to buy on the LSE because the volumes being traded are a lot higher so when I want to sell it is easier. Some of the shares on the ISE see massive fluctuations due to the volumes being so low.

Bizness

Ace2007 wrote: »

Hey Guys,

Quick question for you, if a share you wish you purchase is listed on the LSE and ISE, is there and advantages of choosing to buy on one market or the other, other than stamp duty being 1% on ISE and 0.5% on LSE?

Obi there is a currency risk, but apart from that is it the same?

Thanks

Buy wherever the main listing is usually, as the secondary listing market would have a higher bid:offer spread sometimes, I've seen this for Glanbia with a higher spread on the UK market as it is a secondary listing.
If primary listing is in Ireland, then to the best of my knowledge, 1% stamp duty applies even if you buy the UK stock. Grubby gubberment gets their dirty paws on your kitty every way......

Bizness

Ace2007 wrote: »

Hey Guys,

Quick question for you, if a share you wish you purchase is listed on the LSE and ISE, is there and advantages of choosing to buy on one market or the other, other than stamp duty being 1% on ISE and 0.5% on LSE?

Obi there is a currency risk, but apart from that is it the same?

Thanks

Buy wherever the main listing is usually, as the secondary listing market would have a higher bid:offer spread sometimes, I've seen this for Glanbia with a higher spread on the UK market as it is a secondary listing and shares traded infrequently.
If primary listing is in Ireland, then to the best of my knowledge, 1% stamp duty applies even if you buy the UK stock. Grubby gubberment gets their dirty paws on your kitty every way......

Ace2007

Bizness wrote: »

Buy wherever the main listing is usually, as the secondary listing market would have a higher bid:offer spread sometimes, I've seen this for Glanbia with a higher spread on the UK market as it is a secondary listing.
If primary listing is in Ireland, then to the best of my knowledge, 1% stamp duty applies even if you buy the UK stock. Grubby gubberment gets their dirty paws on your kitty every way......

ah cool, never thought of the spread being higher/lower on different markets, assumed for example it was lower in Ireland, than uk, then uk investors would just buy in Ireland and vice versa, but strength of Euro/Sterling probably has a bit to do with it.

Interesting point about the Stamp duty.

SBWife

There won't be a currency risk for an Irish share trading on the LSE as the share price will reflect any changes in currency values.