Listings on various stock exchanges

[viciam]

Hi there,

If a company is listed on a stock exchange in its home country at a price of say 1.50 Euro but is listed on NYSE at a price of $20. How does this work?

The price varies a lot, so as an investor why would I go to the NYSE price when I can have it for 1.50 Euro?

Thanks

 

[burglar]

... How does this work? ...

The question I would ask is are those shares the same in all respects!

 

[Tannin]

The shares can be the same in all respects. If I remember correctly, BHP is dual listed in Oz and the UK, and the shares are exactly the same - but the prices can be significantly different: a few points apart, which is a difference worth having.

I can't remember what the story is with dividends though. Surely franking (or the lack of it) would be a big complication?

 

[viciam]

For example: Santander Bank

http://uk.finance.yahoo.com/q?s=SAN.MC

and http://uk.finance.yahoo.com/q?s=BNC.L&ql=0

so you see its the same company but the price varies hugely?

I don't understand this can someone please help

 

[burglar]

For example: Santander Bank

http://uk.finance.yahoo.com/q?s=SAN.MC

and http://uk.finance.yahoo.com/q?s=BNC.L&ql=0

so you see its the same company but the price varies hugely?

I don't understand this can someone please help

Email the company at this address:

investor@gruposantander.com

 

[skyQuake]

For example: Santander Bank

http://uk.finance.yahoo.com/q?s=SAN.MC

and http://uk.finance.yahoo.com/q?s=BNC.L&ql=0

so you see its the same company but the price varies hugely?

I don't understand this can someone please help

One's in Euros ones in pounds

 

[doctorj]

One's in Euros ones in pounds

One's in euros, but the other is in pence.

 

[viciam]

I'm still confused.

I am looking at Mongolian Mining Corp

There are 2 ticker symbols

0975.HK and MOGLF

So which one do I buy? :S

 

[burglar]

I'm still confused.

I am looking at Mongolian Mining Corp

There are 2 ticker symbols

0975.HK and MOGLF

So which one do I buy? :S

To avoid a really stupid mistake, I would buy all my stocks on one board.
If that be NYSE, so be it.
I would learn the tax laws and stuff relevant to that board.

Warren Buffet does not invest in Japan.

 

[viciam]

I still dont undestand. On their website it says ticker is 0975.hk whilst on an analysts article it says MOGLF

 

[burglar]

I still dont undestand. On their website it says ticker is 0975.hk whilst on an analysts article it says MOGLF

MOGLF=MONGOLIAN MINING COR (OTC Markets)

0975.hk=Mongolian Mining Corporation (0975.HK) -HKSE

 

[viciam]

MOGLF=MONGOLIAN MINING COR (OTC Markets)

0975.hk=Mongolian Mining Corporation (0975.HK) -HKSE

So what about the difference in price?

 

[burglar]

So what about the difference in price?

I see a difference in price.

But don't see how you can exploit it.

You would have to buy USD or HongKong Dollars.
Then buy pounds back later!

 

[viciam]

I still don't understand.

Why would I buy the price thats more expensive than the other

 

[burglar]

I still don't understand.

Why would I buy the price thats more expensive than the other

Warren Buffet does not invest in Japan.

 

[burglar]

I still don't understand.

Why would I buy the price thats more expensive than the other

Hong Kong has closed and its hours away from New York open!

There is a 12 hour difference according to the world clock:
http://www.timeanddate.com/worldclock/difference.html?p1=102


(I don't know why it did not occur to me earlier ... I'm getting thick in my old age!!)

.

 

[viciam]

I'm sorry?