Bullboard - Stock Discussion Forum Black Diamond Group Ltd T.BDI

Alternate Symbol(s): BDIMF

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Black Diamond Group Limited is a specialty rental and industrial services company. Its segments include Modular Space Solutions (MSS) and Workforce Solutions (WFS). MSS, through its principal brands, BOXX Modular, CLM, MPA Systems, and Schiavi, owns a rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products... see more

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Black Diamond Group Ltd > IRROC

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Post by pennydredful on Feb 12, 2021 3:11pm

IRROC

have put it on the eligible for reduced margin list meaning it will qualify for 70% margin rather than 50% in a few days.

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Comment by YoungH1isback on Feb 12, 2021 4:03pm

What does that mean?

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Comment by pennydredful on Feb 13, 2021 12:58pm

means a margin account holder can borrow up to 70% of market value rather than 50% subject to individual brokerage house rules that overlay that, if any.

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Comment by YoungH1isback on Feb 13, 2021 2:26pm

Ah, okay. Thanks! Generally speaking, does greater borrowing power/increased margin mean that volumes may go up as it permits larger trades on margin?

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Comment by Norwood66 on Feb 16, 2021 7:24pm

I don't know whther there is individual brokerage rules, however, at RBC BDI was not marginable until it hit $3, and then it is only marginable at 25% of the value - as of today my margin overhead imcreased by 25% of BDI's value. I know that some of my more blue-chip companies are marginable to 75%, and there are others only at 50%. This might be based upon value/liquidity/credit of ...more

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