Hi, Andrew.

[DRP discussion chomped]

AF> BM> choice at the time. Thirdly, DRPs create odd lots for small
AF> BM> shareholders which may have to be sold at a significant discount to
AF>the
AF> BM> market and offset the original discount.

AF> Can be problem if only participating short term. I encourage
AF> people to participate over long term. Can sell large parcels
AF> with odd lot element (e.g. 11001 Westpac shares) without needing
AF> to pay premium on odd lot element.

How can you do that? The odd-lot (1 in this case) will automatically be
sold to the Odd Lot Broker at the regulated discount to the price the
bulk were traded at, depending on the share price.

Regards, FIM.

 * * I thought I was wrong once, but I was mistaken.
@EOT:

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