A alpina Registered User Messages 33 13 Dec 2007 #1 Can someone explain the price difference between buying above shares, here or in US; €15 here or US$45 (both ORD SH)
Can someone explain the price difference between buying above shares, here or in US; €15 here or US$45 (both ORD SH)
C CCOVICH Registered User Messages 8,827 13 Dec 2007 #2 The shares from the US are American Depository Shares (ADSs), equivalent to 2 ordinary shares. See [broken link removed] for more info.
The shares from the US are American Depository Shares (ADSs), equivalent to 2 ordinary shares. See [broken link removed] for more info.
S silvamuppet Registered User Messages 119 18 Dec 2007 #3 CCOVICH, slight correction (me being pedantic) ADRs are the bundle of shares that can be 1 or more. (AIB's quoted on the NYSE are ADRs.) ADSs are equivalent to individual shares For a better explanation http://www.investopedia.com/terms/a/ads.asp and http://www.investopedia.com/terms/a/adr.asp
CCOVICH, slight correction (me being pedantic) ADRs are the bundle of shares that can be 1 or more. (AIB's quoted on the NYSE are ADRs.) ADSs are equivalent to individual shares For a better explanation http://www.investopedia.com/terms/a/ads.asp and http://www.investopedia.com/terms/a/adr.asp
C CCOVICH Registered User Messages 8,827 18 Dec 2007 #4 From the link above, AIB say: Each ADS represents two ordinary shares and is evidenced by an American Depositary Receipt (ADR). Click to expand...
From the link above, AIB say: Each ADS represents two ordinary shares and is evidenced by an American Depositary Receipt (ADR). Click to expand...
S silvamuppet Registered User Messages 119 18 Dec 2007 #5 Yeah, I saw the link alright. Thought it was a typo. Didn't think you could get more than 1 company share into an ADS??
Yeah, I saw the link alright. Thought it was a typo. Didn't think you could get more than 1 company share into an ADS??
C ClubMan Registered User Messages 53,076 18 Dec 2007 #6 silvamuppet said: CCOVICH, slight correction (me being pedantic) ADRs are the bundle of shares that can be 1 or more. (AIB's quoted on the NYSE are ADRs.) ADSs are equivalent to individual shareshttp://www.investopedia.com/terms/a/adr.asp Click to expand... I thought that both ADRs and ADSs could be any multiple or even fraction of an underlying share?
silvamuppet said: CCOVICH, slight correction (me being pedantic) ADRs are the bundle of shares that can be 1 or more. (AIB's quoted on the NYSE are ADRs.) ADSs are equivalent to individual shareshttp://www.investopedia.com/terms/a/adr.asp Click to expand... I thought that both ADRs and ADSs could be any multiple or even fraction of an underlying share?