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Currency
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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
Issue | CUSIP | Exchange | Symbol | Ratio | Industry | |
ALLIED IRISH BANKS, PLC | 019228402 | NYSE | AIB | 1: | 6 | BKS |
ALLIED IRISH BANKS, PLC 144A | 019228AA3 | 144A | AIBPYP | 1: | 1 | BKS |
ANGLO IRISH BANKCORP | 035058106 | OTC | AGBKY | 1: | 10 | BKS |
ARCON INTERNATIONAL RESOURCES PLC | 039658109 | OTC | ARCKY | 1: | 20 | MIN |
AVONMORE WATERFORD GROUP PLC | 054431101 | OTC | AVMRY | 1: | 5 | FHP |
BANK OF IRELAND | 46267Q103 | NYSE | IRE | 1: | 4 | BKS |
CBT GROUP PLC | 124853300 | NAS | CBTSY | 1: | 1 | OFF |
CRH PLC | 12626K203 | NAS | CRHCY | 1: | 1 | CST |
ELAN CORPORATION, PLC | 284131208 | NYSE | ELN | 1: | 1 | DRU |
ELAN WARRANTS | 284131125 | NYSE | ELNA | 1: | 1 | DRU |
ESAT TELECOM GROUP PLC | 26883Y102 | NAS | ESATY | 1: | 2 | TEL |
GLENCAR MINING Plc. | 378053607 | OTC | GCEXY | 1: | 10 | MIN |
HIBERNIA FOODS PLC ADR | 428660104 | NAS | HIBNY | 1: | 1 | FOD |
HIBERNIA FOODS PLC CLASS "C" WARRANT | 428660120 | NAS | HIBWF | 1: | 1 | FOD |
HIBERNIA FOODS PLC CLASS "D" WARRANTS | 428660138 | NAS | HIBZF | 1: | 1 | FOD |
ICON PLC | 45103T107 | NAS | ICLRY | 1: | 1 | DRU |
IONA TECHNOLOGIES LTD. | 46206P109 | NAS | IONAY | 1: | 1 | CSN |
JEFFERSON SMURFIT GROUP PLC | 47508W107 | NYSE | JS | 1: | 10 | PPP |
MINMET PLC | 603685108 | OTC | MINMY | 1: | 200 | MIN |
RYANAIR HOLDINGS PLC | 783513104 | NAS | RYAAY | 1: | 5 | AIR |
SAVILLE SYSTEMS PLC | 805174109 | NAS | SAVLY | 1: | 1 | TEC |
TRINITY BIOTECH PLC ADR | 896438108 | NAS | TRIBY | 1: | 1 | DRU |
TRINITY BIOTECH PLC WARR "B" | 896438124 | NAS | TRIZF | 1: | 1 | DRU |
WARNER CHILCOTT PLC | 934435207 | NAS | WCRXY | 1: | 1 | DRU |
WATERFORD WEDGWOOD PLC | 941513301 | NAS | WATFZ | 1: | 10 | LUX |
* Ratio: You'll probably notice a significant difference in price
of the stock, traded as an ADR and on its home exchange. You can easily
calculate an over- or undervaluation (and, of course, a fair valuation). All
you need is the ratio of ADR to stock, as listed in the table above, and the
exchange rate of the US-Dollar to this country's currency. The following,
generalized example explains how to calculate. On June 26, 1998, the Swiss ADR Sulzer Medica, with a ratio of 10:1, was priced USD 24 7/8. In Zurich, its home exchange, Sulzer traded at 379 Swiss Francs. The Dollar/Franc - Exchange rate was 1.526 (1 Dollar buys 1.526 Swiss Francs). Now we can calculate: Multiply the price in Dollar with the ratio (10): 24 7/8 x 10=USD 248.75. With other words, ten ADR's equal one share of Sulzer Medica and will cost you $248.75 (excluding transaction costs). Now you multiply this Dollar-amount with the exchange rate: $248.75 x 1.526=SFR 379.59. The ADR has been valued fair. The Bank of New York offers free software, which does all the calculation. |