Phillips Share Builders Plan

by **stam** on 28 Sep 2008, 19:19

yeah, at least got some revision...thanks for sharing guys, nv noticed the price till u guys mentioned it.

by **Bean** on 28 Sep 2008, 23:13

stam wrote:yeah, at least got some revision...thanks for sharing guys, nv noticed the price till u guys mentioned it.

well, they should highlight any mistakes to us, and not wait for us to discover the mistakes for them...

by **clonewolf** on 28 Sep 2008, 23:35

act blur?

by **banyan** on 12 Oct 2008, 11:19

I found there is an additional $2 admin fee on my Sep statement. Is this hidden charge the price we pay for the mistake they made?

by **serendib** on 12 Oct 2008, 21:43

banyan, are you receiving printed monthly statements? They have imposed a $2 admin fee for this since June 08 - to avoid this you can opt for e-statements.

by **banyan** on 13 Oct 2008, 18:20

serendib wrote:banyan, are you receiving printed monthly statements? They have imposed a $2 admin fee for this since June 08 - to avoid this you can opt for e-statements.

I actually opted that out some time ago, but I still receive paper statements and there had been no such charge before.

by **serendib** on 13 Oct 2008, 18:56

banyan wrote:I actually opted that out some time ago, but I still receive paper statements and there had been no such charge before.

Times are bad, no more free lunches I guess =)

by **bochap** on 13 Oct 2008, 21:50

banyan wrote:
serendib wrote:banyan, are you receiving printed monthly statements? They have imposed a $2 admin fee for this since June 08 - to avoid this you can opt for e-statements.

I actually opted that out some time ago, but I still receive paper statements and there had been no such charge before.

no point speculating over it. just give them a call and check what the charge is for. I have never been charged extra by POEMS so far.

by **decarn** on 16 Oct 2008, 00:27

Hi Guys,

Some questions on SBP.

Selling of SBP shares has to be done through my trading representative. What is the exact procedure like e.g. fill up some forms or just call to sell on any date?

What happen if the trading representative is uncontactable?

I have never called a broker before - how does he verify my identity?

Finally, I already have a Phillip trading account, will I be given another trading representative (not that I mind actually because I have forgotten my current one).

by **serendib** on 16 Oct 2008, 09:08

I've never sold my SBP shares, but I dont think you have to worry about your broker being uncontactable - the number and email you are assigned is answered by a trading team. So barring some cataclysmic event, you should be able to get a hold of someone.
Anyway, I'd recommend you call Phillips directly.

by **serendib** on 16 Oct 2008, 09:09

I've never sold my SBP shares, but I dont think you have to worry about your broker being uncontactable - the number and email you are assigned is answered by a trading team. So barring some cataclysmic event, you should be able to get a hold of someone.
Anyway, I'd recommend you call Phillips directly.

by **stam** on 16 Oct 2008, 21:36

i think they are thinking of allowing SBP holders to sell thru POEMS, but dunno when implement....

by **battledome64** on 01 Nov 2008, 16:41

hi guys,

i am also interested in SBP. but it seems that last month the STI ETF buy in price got problem.

I dont have time to go and complain to them but would like to buy in at the average non preferential price which is the lowest traded price of the day.

Rgds

by **Bean** on 20 Nov 2008, 21:36

once again. they cock up the price again for STI ETF.

They do not seem to learn from their mistakes.

by **stam** on 20 Nov 2008, 23:49

what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

by **stam** on 20 Nov 2008, 23:59

anyone writing to them to enquire again???

by **DPSK** on 21 Nov 2008, 00:08

stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

by **stam** on 21 Nov 2008, 09:06

DPSK wrote:
stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

215shares @ 1.83010 , total = 393.47 + 6.42 = 399.89

my monthly investment amount is 400 bucks

by **DPSK** on 21 Nov 2008, 10:25

stam wrote:
DPSK wrote:
stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

215shares @ 1.83010 , total = 393.47 + 6.42 = 399.89

my monthly investment amount is 400 bucks

ok thanks mine will start next month. i will take note of the prices and blog it out if PSBP always gives unfair prices. i think once in awhile you get the higher prices of the day is ok, but if its consistent, something is fishy

but one thing for sure, everyone will have a same price for the day or month for the same counter right?

by **Bean** on 21 Nov 2008, 13:51

DPSK wrote:
stam wrote:
DPSK wrote:
stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

215shares @ 1.83010 , total = 393.47 + 6.42 = 399.89

my monthly investment amount is 400 bucks

ok thanks mine will start next month. i will take note of the prices and blog it out if PSBP always gives unfair prices. i think once in awhile you get the higher prices of the day is ok, but if its consistent, something is fishy

but one thing for sure, everyone will have a same price for the day or month for the same counter right?

We are not even discussing about the consistent higher prices here.

We are discussing about impossible prices here; prices quoted to us that are beyond the day's high the first time round.

I'm fine if it's a honest mistake when it happened the first time. They even replied that measures are taken to prevent this situation from occurring again.

Yup, everyone will have a same price for the day for the same counter.

by **stam** on 21 Nov 2008, 18:34

DPSK wrote:
stam wrote:
DPSK wrote:
stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

215shares @ 1.83010 , total = 393.47 + 6.42 = 399.89

my monthly investment amount is 400 bucks

ok thanks mine will start next month. i will take note of the prices and blog it out if PSBP always gives unfair prices. i think once in awhile you get the higher prices of the day is ok, but if its consistent, something is fishy

but one thing for sure, everyone will have a same price for the day or month for the same counter right?

yup, everyone same price!

by **DPSK** on 21 Nov 2008, 20:34

Bean wrote:
DPSK wrote:
stam wrote:
DPSK wrote:
stam wrote:what are those buying STI ETF thru SBP's Nov price? my is 1.83010

from the charts, 1.83 seems to be the highest on that day... and lowest at 1.78, i believe should be somewhere inbetween?

based on the number of shares and price, is there any excess on the investment amount?

215shares @ 1.83010 , total = 393.47 + 6.42 = 399.89

my monthly investment amount is 400 bucks

ok thanks mine will start next month. i will take note of the prices and blog it out if PSBP always gives unfair prices. i think once in awhile you get the higher prices of the day is ok, but if its consistent, something is fishy

but one thing for sure, everyone will have a same price for the day or month for the same counter right?

We are not even discussing about the consistent higher prices here.

We are discussing about impossible prices here; prices quoted to us that are beyond the day's high the first time round.

I'm fine if it's a honest mistake when it happened the first time. They even replied that measures are taken to prevent this situation from occurring again.

Yup, everyone will have a same price for the day for the same counter.

to be fair, i cant comment further because i have not experienced myself

if its really true the only solution to this problem is publicity! create awareness among all investors. publish around the internet. let them wake up their idea

by **serendib** on 04 Dec 2008, 09:33

well i had the same issue with my STI ETF and SPH purchases, and wrote to Kelly and got the following response -

We have noted your concerns. The purchase of STI ETF as well as SPH is done from the Ready Market and unit share market. Do note that unit share market is likely to trade higher than ready market price due to liquidity constraint which is the case for November’s purchase. The price given is actually an average price of the total shares purchase from the 2 markets, therefore for this month it is higher then the day’s high for the day.

We thank you for your feedback and we would like to reassured you that the STI ETF and SPH share price for November 2008 is not due to system error.

To me, this sounds like eye wash as Phillips should be only making 1 purchase on the 18th on the unit share market for any given counter (eg. if a total of $100k from all SBP investors is to be invested in STI ETF, then it would keep buying complete lots throughout the day and a single "unit share market" purchase to round off the total to $100k)

Is the liquidity crunch in the unit share market that bad???

by **DPSK** on 04 Dec 2008, 10:07

serendib wrote:well i had the same issue with my STI ETF and SPH purchases, and wrote to Kelly and got the following response -

We have noted your concerns. The purchase of STI ETF as well as SPH is done from the Ready Market and unit share market. Do note that unit share market is likely to trade higher than ready market price due to liquidity constraint which is the case for November’s purchase. The price given is actually an average price of the total shares purchase from the 2 markets, therefore for this month it is higher then the day’s high for the day.

We thank you for your feedback and we would like to reassured you that the STI ETF and SPH share price for November 2008 is not due to system error.

To me, this sounds like eye wash as Phillips should be only making 1 purchase on the 18th on the unit share market for any given counter (eg. if a total of $100k from all SBP investors is to be invested in STI ETF, then it would keep buying complete lots throughout the day and a single "unit share market" purchase to round off the total to $100k)

exactly this is what im thinking

they need to make complete lots from the major portion of all investors moneyand minor portion in unit share for the odd shares!

by **DPSK** on 22 Dec 2008, 11:08

i just got my first shares through PSBP

its not true you got a price at the day's high. i will continue to monitor, you can see the price when i publish them in my blog

i believe it should depend on the number of people pooling in the counter. the more they have, a better price poems can get for the same counter

Phillips Share Builders Plan

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