Upcoming-ADR-Splits
Russian Telecom ADR Stock Splits
The following telecom companies from Russia will have their ADR stocks split next month.All have July 24 as the record date.
1.Company: CENTRAL TELECOMM
Ticker: CRMUY
Split Ratio - 4: 1
Split Record Date: July 24
Ex-Date: Aug 1
2.Company: NORTH-WEST TELECOMM
Ticker: NWTEY
Split Ratio - 5: 1
Split Record Date: July 24
Ex-Date: Aug 1
3.Company: SIBERTELECOM
Ticker: SBTLY
Split Ratio - 4: 1
Split Record Date: July 24
Ex-Date: Aug 1
4.Company: FAR EAST TELECOM
Ticker: FEEOY
Split Ratio - 6: 1
Split Record Date: July 24
Ex-Date: Aug 1
BASF ADR Stock Split 2008
BASF SE, the world’s largest chemical company, announced on March 4th,2008 to split its stock in the ratio of 2:1.
Split Details:
Company: BASF SE
Ticker: BASFY
Record Date: June 26,2008
Ex-Date: July 2,2008
Split Ratio - 2:1
BASFY ended at $144.45 today.
Today BASF announced a new share buyback program under which shares worth of €3 billion will be purchased back up to mid-2010. More details can be found here.
Update: Nestle ADR Stock Split 2008
On April 6th, 2008 we wrote an article about Nestle’s (NSRGY) proposal to split its shares. You can find that article here.This post is an update to that article. On May 23rd, Nestle’s board of directors approved the split proposal. The split details are as follows:
Company: Nestle
Ticker: NSRGY
Record Date: June 27th,2008
Ex-Date: June 30th,2008
Split Ratio: 2.5 shares for 1 ADR share.
Current Nestle share price is $118.90. Let’s say that the share price remains the same on June 27th. Then the price after the split will be $47.56.
Nestle’s Swiss shares are being split at the ratio of 1:10. But that does not mean that the ADR share will be split at 1:10. Currently the ADR share trades at 4 for 1 Swiss share. Nestle’s is changing the ratio between ADR to Swiss ordinary share to 1:1. So the correct split ratio for ADR shares will be 2.5 shares for each ADR share.
The current Swiss share price CHF 493.00. After the split it will trade for CHF 49.30. At today’s exchange rate of 0.95934 to a US$, that will equal $47.30. This closely matches to the ADR split adjusted price of $47.56.
Nestle says it is is splitting the stock “to increase the liquidity and tradability” of its shares.
You can read the original Nestle press release here:
Nestlé S.A. Share split to become effective on 30 June 2008
Nestle (NSRGY) Dividend History:
| Date | Dividends |
|---|---|
| 4/11/2008 | $1.21 |
| 4/20/2007 | $0.86 |
| 3/31/2006 | $0.69 |
| 4/8/2005 | $0.67 |
| 4/16/2004 | $0.56 |
| 3/28/2003 | $0.53 |
| 4/5/2002 | $0.38 |
| 3/30/2001 | $0.32 |
Related Post:
Food and Beverage ADR Stocks !!
Gerdau S.A. Stock Split 2008
Gerdau S.A. (GGB), the Brazilian steel maker, has announced a stock split on May 30th,2008.
Split Details
Company: Gerdau S.A.
Ticker: GGB
Country: Brazil
Current Price/Shr:$50.42 (As of June 7,2008)
Split Ratio: 1:2
Record Date: June 17,2008
Ex-Date:June 20,2008
GGU has a yield of 0.68% and has grown over 125% over the past 52 weeks. A $10,000 invested 5 years ago in GGB would be worth $280,690 on June 5,2008. (Source: S&P Quantitative Stock Report)
Unibanco Stock Split 2008
Uniao De Bancos Brasileiros S.A. of Brazil proposes to split its ADR stock UBB in the ratio of 5:1 and also issue a bonus stock of 10%.
The above decision was made in a meeting on May 29th.The proposal has to be approved by the board and the Brazilian Securities Exchange Commission before it can become effective. The Record Date has not been set yet.
The bank will also issue 10% bonus stock to all existing shareholders as part of the increase in capital stock of the bank.
Split Details
Company: Uniao De Bancos Brasileiros S.A.
Ticker: UBB
Current Price/Share:$146.42 (As of June 4,2008)
Split Ratio: 5:1
Bonus: 10% stock bonus
Record Date: Not announced yet
For more details on the May 29th announcement click here: UBB Stock Split News
After the split, UBB’s liquidity will increase since there are already 280M shares outstanding.
Banco Itau Holding Financeira S.A. Stock Split 2008
Banco Itau (ITU) is to split its stock June 9,2008 on a ratio of 5:4.
Stock Info:
Ticker: ITU
Country: Brazil
Sector: Banking
Current Share Price: $30.71 (All data as of May 30th)
Dividend Yield : 1.98%
Dividend Paid : Monthly
$10K invested 5 years ago: Now worth $95,307 (based on S&P Stock Report)
Split Details:
Record Date: June 4, 2008
Payable Date: June 9, 2008
Split Ex-Date: June 10, 2008
Multi Year ITU Performance Chart:
As seen from the chart above, the previous split was last year in October at a ratio of 2:1. Post-split, the stock was at 27.64.Now it is at $30.71. Not a significant increase in price since split.So it seems like the split is done now to offer more liquidity as the demand for all Brazilian stocks have gone up dramtically in recent months. This is due to the robust growth of the Brazilian economy.Folks looking for good returns are willing to take more risk of investing in emerging economies like Brazil, China, India, etc.
In the latest edition of his Blue Chip Growth Letter (a newsletter), Louis Navellier has said that Brazilian bank stocks are to go “ballistic” due to the heavy demand from pension funds and Arab investors.
From corporate site:
“Louis Navellier has one of the most exceptional long-term track records of any financial newsletter editor in America.According to The Hulbert Financial Digest, in the nine years from the beginning of 1998 to the end of 2006, the Blue Chip Growth Buy List has returned over 188.3%, which is nearly three times better than the Standard & Poor’s 500.”
ITU started this year from $25.86 and now has reached 30.71. Thats a growth of about 19%. Also trading volume has increased considerably since Jan 2007.
