RE: Just curious22 Jan 2025 11:53
You are wrong Stas - it does matter to those who have investments via their HL SIPP (not talking about HL ISA’s but their response below to their SIPP’s might apply to their ISA’s if the CREST system is involved). Here is their official response to the question on their SIPP:-
“Unfortunately, it's not possible to purchase shares on the Australian Stock Exchange through our platform for settlement reasons.
You can find a list of the overseas markets HL clients are able to trade on the Overseas Share Dealing page, by clicking on the ‘which overseas markets can I trade on?’ section.
Hargreaves Lansdown will only buy stock that settles through CREST. CREST is a UK-based Central Securities Depository that holds UK equities and UK gilts as well as Irish equities and other international securities. CREST allows shareholders and bondholders to hold assets in a dematerialised stock, i.e. electronic form, rather than holding physical share certificates.
If a company's electronic shares are not settled through CREST, we cannot complete that settlement cycle.
Overseas markets can often use a different settlement system that Hargreaves Lansdown is not party to, so this means we’re unable to trade a stock on behalf of our clients.
You may be able to find another broker that allows you to trade on this market, but regrettably, I cannot assist you with this - I apologise for any inconvenience this may cause.”
Hopefully Shaun retains GGP’s presence in the UK and even if he abandons AIM, he does so in favour of the FTSE. I think a problem only arises if he abandons UK altogether in favour of ASX, which he has always said is not part of his plans 🤞🤞