Help Centre
Back to EasyProperties Submit a ticket
  1. EasyProperties
  2. Solution home
  3. Investing on EasyProperties
  4. Auctions
Open navigation

Buying and selling in auctions

What happens if my bid price (buying) was higher than the auction price?

If there are enough shares for sale, you will be able to buy shares at the auction price.

What happens if my bid price (buying) was lower than the auction price?

You will not be able to buy any shares.

What happens if my offer (selling) was higher than the auction price?

You will not be able to sell any shares

What happens if my offer (selling) was lower than the auction price?

If there are enough investors wanting to buy shares, you will be able to sell your shares at the auction price.

What does the probable trade price refer to?

In short, this simply means that currently, the probable trade price will be at this value. It is only a guide to highlight the probable trade price. You are not obliged to use this price at all. The final price is only determined once the auction closes. This price can change when people place more bids and offers. It is a guide only. 

How to place a bid (buy) or make an offer (sell) via auctions

To take part in the quarterly auction of a specific property, log into your EasyProperties account

  • Click ‘Browse Properties’ 
  • Select the ‘Market Place’ tab to see which of the listed properties are available on auction. 

  • Then click ‘View Auction’

How to place a Bid (buy)

When you’re placing a bid (to buy shares) you must type in or select the number of shares you wish to purchase, and then enter the price per share you’re looking to bid at. Then read and accept the Ts&Cs.

How to place an Offer (Sell)

When you want to place an offer, you can choose to sell based on either:

  • A percentage of all the shares you hold in that specific property. 
  • Or the rand value of all the shares you hold in that property.  

You must then indicate the price per share you’d like to offer. Then read and accept the Ts&Cs. 

What happens when two trade volumes are the same?

In the unlikely event that there are two trade volumes that are the same, at two different prices then the price is determined in the following way:

  1. If there are more sellers (supply) than buyers (demand) then the price favours the buyers and the lower price is used.
  2. If there are more buyers (demand) than sellers (supply), then the price favours the sellers and the higher price is used.



Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.

EasyProperties is a juristic representative of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyProperties platform are subject to the legal terms and conditions to which you agree to be bound. The EasyProperties platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyProperties acts an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor. The availability of any share on the EasyProperties platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. The value of a share is not guaranteed. The value can go down as well as up due to variable market factors. An investor may not recoup the full amount invested. Past performance is not necessarily an indication of future performance. Examples and/or illustrations are not guaranteed and are provided for illustrative purposes only.