GVC.TO - Glacier Media

[Packer16]

If you use TD Ameritrade, they can buy the ADR and "route it to Canada" which has provided some pretty good execution thusfar.

 

Packer

[ourkid8]

oh, okay... Thanks for the clarification!  :) 

 

Are you guys buying this on the TSX or OTC?  Is there any difference between the two besides the ome on the OTC is just under 2% cheaper? 

 

Tks,

S

 

OTC is in USD (so it's not actually cheaper)  and is much less liquid. I'd suggest TSX. I haven't bought it yet, but I'm still looking into it.

[krazeenyc]

If you use TD Ameritrade, they can buy the ADR and "route it to Canada" which has provided some pretty good execution thusfar.

 

Packer

 

can you explain what route it to Canada means? thx.

[Phaceliacapital]

http://seekingalpha.com/article/1740452-glacier-media-shares-are-cold-product-creating-hot-investment-opportunity

 

Haven't read it myself (yet) so FYI

[plato1976]

On guy commented there that "Trade publications are also on the decline "

I am not sure where he got that conclusion b/c last time I checked GVC 's report it seems this sector is still growing

 

 

http://seekingalpha.com/article/1740452-glacier-media-shares-are-cold-product-creating-hot-investment-opportunity

 

Haven't read it myself (yet) so FYI

[siddharth18]

If you use TD Ameritrade, they can buy the ADR and "route it to Canada" which has provided some pretty good execution thusfar.

 

Packer

 

can you explain what route it to Canada means? thx.

 

Would like to know this as well.

 

TIA.

[Philip Morris IV]

JEast posted this in the General forum.

A few days ago, someone asked about routing orders to Canada from the US.  Below is one example for TD Ameritrade (US Specific):

 

You enter an order using the OTC equivalent ticker symbol,

Make sure you enter the dollar amount correctly for currency translation,

Call the broker 800 number and ask them to route it to Canada, London, or wherever.

 

Side note: TD Ameritrade takes both a $0.005 p/share take, plus the higher brokerage commission -- still not too expensive.  Also and though frowned upon, I would use an 'all or none' designation as several small partial fills runs up commissions quickly.

 

I think he means you can enter GLMFF and call your broker to see if they can reroute it and what their terms are?  Hopefully Packer can help out on this, I'm curious as well.  Do you still enter your limit price in $USD?

[Packer16]

I have never entered  it in via the online system.  I just called the broker (TD Ameritrade) and they placed the order and routed it to Canada.  I did this for both Glacier Media and Rainmaker.  I haven't tried with other markets.  They charged me the normal transaction costs unless the other fees are in the price.

 

Packer

[Mephistopheles]

What is the purpose of routing to Canada? Why not just pick up GLMFF shares on the OTC exchange?

[siddharth18]

I have never entered  it in via the online system.  I just called the broker (TD Ameritrade) and they placed the order and routed it to Canada.  I did this for both Glacier Media and Rainmaker.  I haven't tried with other markets.  They charged me the normal transaction costs unless the other fees are in the price.

 

Packer

 

Isn't the phone based order defined as "Broker assisted" and costs $44.99? Online is just $9.99.

 

Anyway I don't know what "routing to Canada" means...does it mean you're buying on Toronto Stock Exchange? I just use InteractiveBrokers to first convert USD to CAD for and then place via InteractiveBrokers directly on TSE.

[muscleman]

I have never entered  it in via the online system.  I just called the broker (TD Ameritrade) and they placed the order and routed it to Canada.  I did this for both Glacier Media and Rainmaker.  I haven't tried with other markets.  They charged me the normal transaction costs unless the other fees are in the price.

 

Packer

 

Isn't the phone based order defined as "Broker assisted" and costs $44.99? Online is just $9.99.

 

Anyway I don't know what "routing to Canada" means...does it mean you're buying on Toronto Stock Exchange? I just use InteractiveBrokers to first convert USD to CAD for and then place via InteractiveBrokers directly on TSE.

 

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

What is worse, if I sell a stock, I have to wait 3 days before I can buy another stock.

 

I am considering to upgrade to a reg T margin account or portfolio margin account.

[LanceSanity]

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

 

I also just got an IB cash account. How do you do this? When you're about to buy shares of GVC, do you attach an FX order before buying?

[siddharth18]

I have never entered  it in via the online system.  I just called the broker (TD Ameritrade) and they placed the order and routed it to Canada.  I did this for both Glacier Media and Rainmaker.  I haven't tried with other markets.  They charged me the normal transaction costs unless the other fees are in the price.

 

Packer

 

Isn't the phone based order defined as "Broker assisted" and costs $44.99? Online is just $9.99.

 

Anyway I don't know what "routing to Canada" means...does it mean you're buying on Toronto Stock Exchange? I just use InteractiveBrokers to first convert USD to CAD for and then place via InteractiveBrokers directly on TSE.

 

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

What is worse, if I sell a stock, I have to wait 3 days before I can buy another stock.

 

I am considering to upgrade to a reg T margin account or portfolio margin account.

 

I do have reg-T margin account. But I never actually play with borrowed money.

 

This account just lets me buy/sell stock/currency and immediately use the proceeds.

 

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

I also just got an IB cash account. How do you do this? When you're about to buy shares of GVC, do you attach an FX order before buying?

 

In IB "QuickTrade" you will want to click on the "Forex" tab and then SELL the "USD.CAD" currency pair (in effect selling USD to buy CAD).

 

Once that is settled (2 business days for cash account or instantly for margin account), you will have CAD in your account that you can use to buy stocks Canadian stocks.

[rmitz]

I do have reg-T margin account. But I never actually play with borrowed money.

 

This account just lets me buy/sell stock/currency and immediately use the proceeds.

 

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

I also just got an IB cash account. How do you do this? When you're about to buy shares of GVC, do you attach an FX order before buying?

 

In IB "QuickTrade" you will want to click on the "Forex" tab and then SELL the "USD.CAD" currency pair (in effect selling USD to buy CAD).

 

Once that is settled (2 business days for cash account or instantly for margin account), you will have CAD in your account that you can use to buy stocks Canadian stocks.

 

I need to try this again, but I could have sworn that I was able to handle forex in the cash account at IB with no delays for this situation.  I will have to try some things when I next have a need.

[muscleman]

I do have reg-T margin account. But I never actually play with borrowed money.

 

This account just lets me buy/sell stock/currency and immediately use the proceeds.

 

So do you have a margin account? I currently have a cash account with IB, and I have to wait for a day for currency conversion to settle before I can buy anything.

I also just got an IB cash account. How do you do this? When you're about to buy shares of GVC, do you attach an FX order before buying?

 

In IB "QuickTrade" you will want to click on the "Forex" tab and then SELL the "USD.CAD" currency pair (in effect selling USD to buy CAD).

 

Once that is settled (2 business days for cash account or instantly for margin account), you will have CAD in your account that you can use to buy stocks Canadian stocks.

 

I need to try this again, but I could have sworn that I was able to handle forex in the cash account at IB with no delays for this situation.  I will have to try some things when I next have a need.

 

Well, even if this is true, I have confirmed that once I sell a stock, I have to wait 3 settlement days before I can use the proceeds to buy something else, and that is already annoying enough to make me think of margin account seriously.

[rmitz]

Well, even if this is true, I have confirmed that once I sell a stock, I have to wait 3 settlement days before I can use the proceeds to buy something else, and that is already annoying enough to make me think of margin account seriously.

 

Oh, I agree.  It's still quite relevant for retirement and other accounts where you can't use margin, though.

[muscleman]

Well, even if this is true, I have confirmed that once I sell a stock, I have to wait 3 settlement days before I can use the proceeds to buy something else, and that is already annoying enough to make me think of margin account seriously.

 

Oh, I agree.  It's still quite relevant for retirement and other accounts where you can't use margin, though.

 

No. IB has a pseudo margin IRA choice, in which you can't actually use margin, but instead you can only borrow against your unsettled cash. Then you won't get the Reg T violation anymore as other broker's IRA account.

[tengen]

Here's a little anecdote to get this discussion back on topic. I was talking to a guy who currently works for one of Canada's major daily newspapers and who also spent a lot of time working for tiny community papers. He told me the community papers have a very easy time selling ads whereas the big city papers, who used to have advertisers lining up at the door, have to work very hard to attract advertising.  Community paper circulation numbers are not in decline because just about everyone in the community gets one for free. Most of these papers are also online and offer things like email newsletters. They have a very strong brand within their community.

[gary17]

So after having thought about this for a long time I think I mist restart a position here. I had a small position to "test the water". I couldn't think critically unless I have some money in this one. I have no idea if the market has already discounted the tax issues or not. But assuming no, I think it could dive further. So I probably put in 40% of what I had planned to invest and wait for the dive.

 

I have a question for those who have invested. Is this one of your punch card bets?

 

I'm a firm believrr that if I wasn't comfortable with 20% then why bother with a 5% position when the capital could be better allocated on something with greater certainty.

 

Tia

[sculpin]

Not sure if this was posted here yet.

 

GVC.TO's newspaper struggles overshadow its focused and profitable business/trade journal segment. Value investor Mike Arnold sees a cool 90% upside possible here.

 

http://seekingalpha.com/article/1740452-glacier-media-shares-are-cold-product-creating-hot-investment-opportunity?source=email_investing_ideas&ifp=0

[argonaut]

Interesting note with regard to the symbols and order fulfillment...I placed an order through one account for a small amount as GLMFF which was the ADR and then placed much bigger orders through an international account as GVC:CA intending to have them transact on the Canadian exchange with it's greater liquidity albeit higher transaction costs...when I called Fidelity to see if they would execute the bigger orders as block trades of a certain size versus break it up...they saw my smaller trade and said you can save money by re-entering the large trades as GLMFF and they would route them to Canada without the exchange rate fees and CDN commissions...and if they had to break them up, as long as they were able to fill the entire order in one day..one commission total...

[krazeenyc]

I have never entered  it in via the online system.  I just called the broker (TD Ameritrade) and they placed the order and routed it to Canada.  I did this for both Glacier Media and Rainmaker.  I haven't tried with other markets.  They charged me the normal transaction costs unless the other fees are in the price.

 

Packer

 

Isn't the phone based order defined as "Broker assisted" and costs $44.99? Online is just $9.99.

 

Anyway I don't know what "routing to Canada" means...does it mean you're buying on Toronto Stock Exchange? I just use InteractiveBrokers to first convert USD to CAD for and then place via InteractiveBrokers directly on TSE.

 

I called TD Ameritrade, they gave me the same explanation as they gave Packer. They agreed to charge me my normal web commission ($3 per trade) and give me the live quotes, and "route  it to Canada" for me.

 

 

[hyten1]

krazeenyc your per trade a td ameritrade is $3 per trade?

[krazeenyc]

krazeenyc your per trade a td ameritrade is $3 per trade?

 

I've been a customer of theirs since they acquired Datek online.  In early 2010, I ended up negotiating with an account rep at a branch a bunch of advantageous terms on all my accounts (including my wife, and children's accounts, and even got them to throw in a bone for my folks as well) including $3 trades and pretty much free everything (most of it is free for apex customers anyways). I assume that as your $$s grow most of the investors here are able to negotiate terms with their brokers -- after all you can move your money anywhere.

 

[hyten1]

i hear ya, i have tried to negotiate with them but so far they haven't responded, well at least it not a no

 

hy

 

krazeenyc your per trade a td ameritrade is $3 per trade?

 

I've been a customer of theirs since they acquired Datek online.  In early 2010, I ended up negotiating with an account rep at a branch a bunch of advantageous terms on all my accounts (including my wife, and children's accounts, and even got them to throw in a bone for my folks as well) including $3 trades and pretty much free everything (most of it is free for apex customers anyways). I assume that as your $$s grow most of the investors here are able to negotiate terms with their brokers -- after all you can move your money anywhere.