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