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The Eck Effect, page-18

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Taurean7

1,334 Posts.

1004

11/02/19

17:06

Post #: 37401385
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Originally posted by Dentie ↑

Originally posted by Taurean7
Australian shares are not tradeable on US markets for the same reasons that US shares cannot be traded on the ASX. A facility is available for Australian companies to trade in the US in the form of ADRs (American Depositary Receipts), which are effectively packaged baskets of the local shares.

An ADR constructed from 100 CDY shares, for example, would have a current US market value of around US$16. A low local share price is overcome in this way.

What’s involved is represented in the graphic below, which includes a custodian bank and local brokers for the shares and US brokers and a depository for the ADRs (all taking their cut of course).

View attachment 1442585
Yeah - I know T7.

Fintrader (and me) were both referring to a US LISTING....rather than an ASX stock trading on their market. Much the same as XRO did from the NZX to the ASX.

Cheers

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I just thought you might like some help with your question “What do you think the Board has up their sleeve to attain a SP of USD $5???", Dentie.

ADRs seem like an obvious answer.

Cheers

CDY Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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