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The following is a list of ADR stocks in the cement and construction materials sector:

Technorati Tags: ADR, Technorati

written by David

In this post lets review the utility ADRs of continental Europe. There are nine stocks in this category with two each from Germany and France.

Utility stocks form an integral part of any well diversified portfolio for many reasons. Utilities usually provide stable, consistent,growing dividend yields, offer stability to the portfolio and grow slowly.

European utility stocks have performed well in the past and continue to do well even in these rough times.EON and RWE are the two largest utilities of Germany that provide water, gas and electricity to the German industries and households. The stocks are a favorite of many index funds and offer decent yields.

VE of France is another utility that has recently started placing ads in BusinessWeek. The company seems to be a well run company with a view to protect the environment.Suez is also another great utility.

Verbund of Austria is a highly respected and well run utility.

As seen from the table below, these utilities have decent dividend yields.An investor planning to invest in utilities of foreign countries may look into these stocks:

Technorati Tags: utility ADRs, dividend yields, European utility, EON, RWE, VE, Technorati

written by David

ABN Amro ADR used to trade on the NYSE with the ticker ABN. A few months ago a consortium of banks led by Fortis(Holland), RBS (UK) and Santander (Spain) acquired ABN Amro. As a result of this, ABN’s ADR is now trading in the OTC market under the ticker ABNYY.

In March, the company issued a press release stating that it was de-listing the ADR from NYSE. ADR investors will receive mostly cash and some stock due to the takeover by the consortium.

The original press release from ABN Amro:

“ABN AMRO HOLDING N.V. applies for de-listing of shares

ABN AMRO Holding N.V. has resolved to apply for de-listing of its ordinary shares with a par value of €0.56 each ( “Ordinary Shares”) and the (formerly convertible) preference shares with a nominal value of €2.24 each from Euronext Amsterdam by NYSE Euronext (”Euronext Amsterdam”), the regulated market of Euronext Amsterdam N.V. and to apply for the de-listing of its American Depositary Shares (”ADSs”), each representing one Ordinary Share from the New York Stock Exchange.

Notice is hereby given that following this decision, the Ordinary Shares are expected to be de-listed from Euronext Amsterdam, and the ADSs are expected to be de-listed from the New York Stock Exchange, effective 25 April 2008. The (formerly convertible) preference shares are expected to be de-listed from Euronext Amsterdam shortly after finalisation of the pending squeeze-out proceedings.

Press contact: +31 20 6288900″

Technorati Tags: ABN Amro ADR, RBS, ABN Amro, de-listing, Word Press, Technorati

written by David

Sometimes it is easier to just invest in ADRs that are the most traded. Usually stocks with high trading volumes tend to be either liked/disliked by many market participants. Highly liquid ADR stocks tend to be usually large caps and hold leadership positions in their sectors.

The following list shows the top five Latin American ADR stocks by volume. Petrobras (PBR) of Brazil is the most traded ADR in the US.No wonder PBR is in this list.

Note: Volume is defined as 200-Day Average Volume as of April 24,2008.

Technorati Tags: adr, latin, brazil, bbd, rio

written by David

ABB Ltd, the Switzerland based global infrastructure company, is set to report 2008 Q1 Earnings on April 24, 2008 (Thursday).

Back in February, the company announced great earnings with strong order numbers for full year 2007 and 2007 Q4. From the corporate site: “2007 was a great year for ABB,” said Michel Demaré, ABB’s interim Chief Executive Officer and its Chief Financial Officer. “Demand remained strong around the globe for the products and services at the heart of our business - to increase energy efficiency, deliver power more reliably, and improve industrial productivity. We also profited again from our improved operational performance and expansion in emerging markets. This puts us in a strong position heading into 2008.

For  Q4, ABB said:

“Large orders increased 27 percent in the fourth quarter and represented 19 percent of total orders received, the same as the fourth quarter in 2006. Base orders (less than $15 million) were up 24 percent (local currencies: 14 percent).

Revenues increased across all divisions for the full year and fourth quarter. Revenues were supported by the strong order backlog, increased volume resulting from high demand, and a favorable business environment in which increased raw material costs could be offset by higher prices.”

So many folks expect another good quarterly earnings from ABB tomorrow ABB has already announced that its order-book is growing strong in emerging countries like China,India, etc.

On Feb 13,2008 the company announced that the CEO Fred Kindle left ABB due to differences in strategy execution with other management. This pushed the stock down although temporarily. From a recent low of $23+ the stock, ABB is now back to $28.03.

The market  seems to expect that ABB’s Q1 numbers will be good.This should push the stock price higher and by year year the stock may be in the mid to high 30s.

written by David