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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Duke who wrote (1795)	2/1/1998 4:59:00 PM
From: Thomas Haegin	Respond to of 9980

Duke, on << , he explaind that 1 TLK/US share have to be divided into 20, the result will equal 1 TLK/unit in Jakarta. I believe that not all ADR is calculated like that. You have any idea why is that? >> I think this is done in cases where the price of a single foreign share is either too high or too low for the "regular" American investor's taste. I own BTI: One ADR traded on the AMEX stands for actually 2 shares traded in London, the home market of the company. There are numerous examples; there isn't anything to it besides the attempt for some "intuitive calculation convenience", if I may say so. No biggie. Thomas