Readers reviews of Understanding the Stock Exchange
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This is the basic reference text book and is not designed as light reading. You still
need to be wide awake the read this because its style is pedantic and boring. Each
paragraph is numbered which does bring together lots of reference information which is
useful when you are first involved in the market. The new edition includes material on
warrants, CHESS, ETO, etc. Absolutely no help at all in understanding trading. The single
reference to charts is the same as previous editions and there is no discussion of trading
Its main focus is on the investment implications of the market. Discussion of
market operation is standard investment level material offering no significant new
insights. I use it as a reference for understanding rights issues etc. Make sure
your copy is the most recent available because outdated information can be fatal.
This comprehensive book explains both the operation of the Australian
stock exchange and general investment principles. It deals with
direct investment in ordinary shares, options and fixed interest
securities. Its 43 chapters and 11 appendices cover income tax,
capital gains tax, imputation, leverage, social security, takeovers,
shareholders' rights, prospectuses, dividend reinvestment plans,
theoretical aspects and much more.
The book will help all investors, from beginners to professional
dealers and from students to senior citizens. It is also used as a
textbook by the Securities Institute of Australia.
The third edition of this popular work is more than twice as big as
the best-selling first (1989) edition. It takes into account the
needs of the many new investors who have acquired shares in AMP,
Telstra or the various other privatisation issues. It deals with the
numerous changes to both market practices and the regulatory
environment which have taken place since the prize-winning second
(1992) edition. It also reflects amendments to the legislation
covering corporations, taxation and social security.
The book has been expanded and extensively revised and updated. It
now covers the abolition of scrip certificates and the introduction
of new products such as endowment warrants. It also discusses an
important new tool for investors, the Internet.
Other interesting topics dealt with for the first time include
buy-backs, T+3, shares of no par value and the possible creation of
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