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CSR plc Message Board

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  • squidunker008 squidunker008 Sep 16, 2009 10:35 AM Flag

    Please Explain this Company

    I confirm that Vanguard Discount Brokerage has done what Scottrade has done. I held a good bit of SIRF through the merger and have yet to sell since commencement of the merger.

    Soon after the merger, I could trade CSR.L on the London exchage for $60 plus 1% for a 1000 share trade.
    Now, I can trade CSRXF.PK for $8 a trade. I not the quoted stock price is about a percent or two different (lower as a seller)from the London exchange quote in pence converted to my best day's knowledge of the pound/dollar exchange rate.
    It seems a little cheaper trading on the OTC.PK - BUT if you want to unload a more than 1000 shares in one trade/day limit order - it looks unlikely to happen and you may need a few days on a "good until cancelled" order. Vanguard allows a 60 day GTC trade and honors the $8 trade price for all shares that sell (or you buy) under a 60 day GTC order.

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    • Your making me crazy. The shares have been swapped for months, the merger CLOSED 6/30 if I recall. This is a really strong company now. Bluetoooth and gps and Broadcom sharks out of the way.
      There will likely be no ADR's as with other companies because with ADRs the companies have to do all matter of Sarbannes Oxley reporting and management have all the liabilities so they say, screw it and stay in the pink sheets.

 
CSRXF
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