Archive of posts filed under the Australia category.

Westpac ADR Update – Termination and Mandatory Exchange for Cash

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Westpac Banking Corporation’s ADR facility has been terminated by the depository BNY Mellon. ADR holders should automatically receive the cash proceeds($14.48 per ADR) in their accounts according to a notice posted by BNY Mellon. Full details are shown below: Click to enlarge   Source: BNY Mellon  Earlier: Westpac Voluntarily Delisted ADRs From NYSE Disclosure: Long WEBNF

Why Periodic Buying of Stocks is Smart to Built Wealth: An Australian Example

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One of the strategies that goes with diversification and patience is periodic investing. To put it another way, regular contributions into equity accounts and buying stocks can earn excellent returns over the long-term as measured in years. This is because with regular investing, an investor is able to pick up stocks on the cheap when …

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The Power of Diversification Illustrated With Australian Equities: Chart

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Diversification and patience are two of the free and simple strategies for success with equity investing. Patience requires  not only holding stocks when the market is soaring but also the ability to withstand during dramatic and painful declines. Diversification on the other hand is easier to follow and implement with one’s portfolio. It is always …

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Reminder: Westpac ADR Conversion Deadline Nearing Soon

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Australia’s Westpac Banking Corporation’s ADR was delisted from the NYSE and last traded there on Jan 31, 2022. ADR holders have the option of converting them to ordinary shares trading on the US OTC market or on the domestic market in Australia. The deadline to surrender ADRs is June 2, 2022 – less than 2 weeks away. …

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Which Political Party is Best for Australian Stocks?

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The federal election in Australia is on Saturday, May 21, 2022.Equity market investors will be closely monitoring the outcome the election. With that said, which politic party is best for stock prices? A recent article by Ashley Owen shows that since the creation of the Federation, right-leaning governments have been better for Australian stock prices than …

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