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Questions tagged [adr]

An American Depositary Receipt (ADR) is a financial instrument that is used to represent one or more shares of stock in a foreign company.

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71 views

Ownership conferred by shares and ADRs bought through a broker

In the US, if one buys shares of some company, say Apple, through some broker, say Charles Schwab, does one actually become an owner of the company (Apple in this case)? I used to assume this was the ...
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1answer
36 views

composition of ADR in comparison to home market

I want to know how one unit of ADR is constructed from the home stock. For example, I see a ADR for India's Tata motors . ADR is trading at about $12 and in home market it is about INR 177, but given ...
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73 views

Why is this stock's P/E ratio so different from Price/EPS?

I was looking at Alibaba Group Holding Ltd ADR (BABA)'s P/E ratio of 28.55 from Morningstar. While looking at its financials, Morningstar says that its diluted EPS TTM is 26.41. But its stock price ...
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What is the difference between a stock and it's ADR version? [duplicate]

I understand that ADRs or American depositary receipts represent securities of a non-U.S. company that trades in the U.S. financial markets. But, I see many companies having an ADR and non-ADR ...
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1answer
74 views

How do ADR vs U.S.-listed foreign corporations handle dividends to U.S. investors?

If a Japanese company pays 500 yen/share dividend for Japanese investors on a Tokyo exchange, how will they pay U.S. investors who bought their shares? If it's a U.S. listed foreign corporation? If ...
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57 views

How do I choose between a sponsored or unsponsored ADR?

I understand the difference between the two, but in which cases would I choose sponsored over unsponsored, and vice versa? I guess a pros/cons analysis is what I'm looking for here. For example, ...
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1answer
1k views

How to convert Volkswagen AG's ADR to regular shares?

I have US 'VOLKSWAGEN AG-SPONSORED ADR REPSTG ORD DM 50 PAR' Volkswagen ADR shares. Volkswagen has ended the ADR, and I have these Volkswagen ADR shares. I am residing in the USA. How can I convert ...
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ADR value with US dollar inflation / recession

If one were to hold an ADR (American depositary receipt), and the currency of country of the underlying foreign security increases in value compared to the US dollar, or the US dollar drops in value (...
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1answer
177 views

Investing in German stocks as a USA citizen

I currently invest in a German company through an ADR, but have been informed that the ADR is being shutdown. I am thinking about investing directly on the German stock market. What fees, taxes, etc....
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1answer
57 views

Capital Gains tax on Spanish Stock US Resident

I have two questions, I think the first will be simpler. If buy an ADR stock in say Santander or Telefonica do I have pay Spanish capital gains on the stock and file a Spanish tax return when I sell ...
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1answer
130 views

ADR volume and stock price

If a stock is listed on the Frankfurt Stock Exchange and also on the NYSE, does trading on the NYSE (after the FRA is closed) impact the price of the stock?
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1answer
916 views

Can I buy put options on an ADR?

A stock is listed on Tokyo Stock Exchange. I want to buy put options on it - how can I do that? Or is short selling an ADR my only possibility?
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2answers
831 views

Stock stopped trading, what does this mean?

In December I bought ~30 shares of VOLVY (https://www.google.com/finance?cid=608656). On January 7th it looks like all trading stopped and my broker (TradeKing) says that this is now a worthless ...
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1answer
455 views

What's going to happen to my delisted ADR shares?

As the title says, my ADR is delisting. It's going OTC. In such a situation would my shares, which I have with my bank's discount brokerage, normally automatically convert to the OTC shares and ...
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1answer
94 views

How to get underlying stock from ADR

How can I get the underlying stock from an ADR? What are the fees and general bureaucracy to archive this. Does this depend on the ADR emitting bank, or is a generalized process?
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1answer
2k views

How are ADRs priced?

How is the price of an American Depository Receipt (ADR) determined? An American Depository Receipt is a receipt that a non-U.S. share is held by a bank on behalf of the receipt holder. If you hold ...
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1answer
4k views

Am I exposed to currency risk when I invest in shares of a foreign company that are listed domestically?

If a multinational firm based in country A is listed in both country A and country B, and I invest in this firm as a resident of country B through country B's stock exchange, either through something ...
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1answer
310 views

Should an ADR that is being delisted be sold off?

Recently I received notice that an ADR from a stable company (i.e. NZT) is going to be delisted from the NYSE to save on the administrative costs. The company itself is solid and regularly distributes ...
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1answer
441 views

Will ADR holder be taxed twice

Take STD ADR for example STD ADR Shareholder Remuneration Since I will invest through local broking firm from my home country (Malaysia), it is not possible for me to claim back tax from US and ...
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1answer
468 views

ADR listed in PINK

I am interested to invest in Tesco. It will be easier for me to invest through US stock market instead of UK. I was wondering, is it correct for me to buy ADR TSCDY listed in PINK? As I recently ...
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1answer
7k views

What is the fee charged for ADRs, which is deducted when dividends are paid?

My brokerage charges me a fee to hold ADRs; this fee is deducted anytime the ADRs pay dividends. I'm told that this is a standard fee and could not be negotiated. Is this fee truly carved in stone, ...
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7k views

Are share prices for a company which is listed on multiple exchanges, under multiple currencies, kept in synch?

If a company is listed on two exchanges, say, with share prices in both USD and EUR, are the prices kept in synch with each other, or allowed to float independently? If the prices are coordinated, how ...
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2answers
2k views

Is owning ADR share for a good idea for long term investor

I am pretty new to ADR concept. Just that recently, I realize by owning ADR, I will be charged an amount of fee. http://www.investopedia.com/ask/answers/06/adrdepositorybank.asp How frequent the ADR ...
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2answers
2k views

Does owning BP ADR from US stock market required to pay custody fees

Helo, I am a Malaysia investor. Recently, I invest in BP ADR from US market, through my local broking firm. I was wondering, whether owning BP ADR, requires me to pay custody fee. What my ...
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1answer
2k views

Is there extra risk in owning an ADR vs. the underlying stock?

One of my favorite on-again-off-again recovery plays is Mittal Steel (NYSE: MT). I buy the MT ADR there (American Depositary Receipt) because I live in the US. Am I exposing myself to any extra risk ...
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4answers
2k views

Will ADR owner enjoy same benefit as common shares holders

Currently, I would like to invest in the stock of HSBC. Details on Google Finance Details on Yahoo Finance I am not sure whether I should purchase from the Hong Kong or US stock market. What I know ...