Sweden-based Skanska AB, the world’s leading project development and construction group, converted its American Depositary Receipt (ADR) from an unsponsored program to Sponsored program on June 28,2013. Previously the ADR used to trade under the ticker SKSBY. The new sponsored ADR ticker is SKBSY. The ratio of ADR to ordinary remains the same at 1:1. Founded in 1887, …
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Swedish bank Skandinaviska Enskilda Banken AB, also known as SEB, started trading on the US OTC markets as an unsponsored ADR effective Nov 12, 2013 under the ticker SVKEY. The ADR to Ordinary ratio is 1:1. SEB mainly serves corporations in the Nordic and other areas. From the corporate website: We are different from other Nordic banks …
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I first wrote about the small bank called Little bank Inc (OTC: LTLB) in Nov, 2011. This is a quick update on that article. After strong performance since 2011, the stock split in the ratio of 21:20 on Nov 11, 2013. On Friday it closed at $11.25. Currently the bank has a market capitalization of …
The S&P 500 is up 26.62% YTD on price return basis. But the STOXX Europe 600 is up by only 20.07% YTD on US dollar price return terms. This index is composed of 600 companies across 18 counties of Europe including the UK and hence can be considered as a proxy for European markets similar …
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Sir John Marks Templeton was a pioneer global investor who founded the Templeton Mutual Funds. An extraordinary man he was very smart even in his early life. He was a superb stock picker. In 1939 when investors were fleeing the markets due to World War II he bought 100 shares of each stock that was …