List of Norwegian ADRs !!

Posted by on

Norway has become an “oil” nation due to the export of crude oil. Norway is now one of the largest exporters of oil in the world. Hence StatoilHydro is one of the top Norway ADR stock.StatoilHydro is a new company created after Norsk Hydro merged with Statoil a few years ago. Norsk Hydro stock had a fantastic run before the merger and even now the stock is doing well.

The following is a list of Norway ADR stocks:

[TABLE=49]

* StatoilHydro and Telenor are in this year’s Business Week’s “Euro BW 50” list.
[tags]norway adrs,investing,adrs,yariy[/tags]

Paivaa Finnish ADRs !!

Posted by on

Nokia is probably the best known Finnish company in the world. There is a town named Nokia there. Nokia’s ADR stock with ticker NOK used to be high flier during the dot com boom years.

There are a few other Finnish stocks that are worth looking into. They are StoraEnso, UPM and Metso. While StoraEnso and UPM are in the forestry and paper business, Metso is in the Industrial Engineering sector. It provides all the technologies needed by UPM and StoraEnso to process the lumber.

From the table below, we can see that NOK has been average performer over the past 5 years when compared with Metso. An investment of $10K five years ago in Metso has grown over 655%. Clearly Metso seems to an undiscovered gem operating in the niche area serving the forestry and mining industries.

A brief overview from Metso’s corporate site:

“Metso is an international technology corporation that serves customers in the pulp and paper industry, rock and minerals processing, power generation and other selected industrial sectors. Metso Corporation comprises three business areas: Metso Paper, Metso Minerals and Metso Automation.

In 2007, Metso Corporation’s net sales totaled over EUR 6 billion. Metso has business operations in approximately 50 countries, and almost 27,000 employees. ”

The following is a list of Finland ADRs. Very thinly traded stocks are excluded from this list.

[TABLE=47]

* Nokia and Metso are in this year’s Business Week’s list of “Euro BW 50”.

Hej Danish ADRs !!!

Posted by on

Den-Flag

Denmark is a small country in Europe known for dairy products. It has a population of just 5.4 millions. CIA’s Country Factbook says:

“Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish living standards are among the highest in the world.”

The following is a list of the two ADR stocks from Denmark listed in the US exchanges:

[TABLE=46]

Note: Stocks which are illiquid are not in this list.

Oil &Gas Equipment and Service ADRs !!

Posted by on

One industry that has been riding on the back of the rising oil prices is the Oil&Gas; equipment and service industry.Companies in this sector provide equipments, technology, management consulting, equipment, maintenance etc. to the oil companies.

Big oil companies like Shell,BP,Total etc. usually contract out all the infrastructure and operations related work to contractors like Schlumberger,Halliburton,Baker Hughes International in the US.Or to their foreign peers like Acergy,Technip,CGV Veritas, etc.These companies do all kinds of activities such as building an off-shore platforms,pipelines,maintenance etc.

Many of the oil equipment and service stocks have jumped many fold in the past few years and their growth continues. P/E ratios have expanded and so is the market cap of all the players in this niche sector.An indirect way to gain exposure to the oil industry is to invest in the equipment and service providers since they are the backbone of the oil majors.

In this post let me list four such foreign ADR stocks.While Schlumberger and Halliburton are number 1 and 2 in terms of market caps, these four ADRs are worth looking into as well.

Oil and Gas Equipment and Service ADRs:

1.Name: Acergy SA
Ticker: ACGY
Country: Norway
Current PPS: $26.38

2.Name: Compagnie Generale De Geophysiqu-Veritas
Ticker: CGV
Country: France
Current PPS: $57.00

3.Name: Petroleum Geo-Services
Ticker: PGSVY
Country: Norway
Current PPS: $32.05

4.Name: Technip
Ticker: TKS
Country: France
Current PPS: $95.03

Global Real Estate Investment: Revisited !!

Posted by on

We had written an article titled “Invest (some) in International Real Estate !!!!” back in December, 2007. This post is a sequel to that.

With the collapse of the housing market in the US,UK and to some extent other European countries it sounds weird to talk about real estate investment.But some real estate stil needs to part of one’s diversified portfolio.It can be as small as 5 to 10% of the portfolio.

One easy way to get exposure to real estate in other countries is by picking up a fund. We will discuss one such global fund called the ING Clarion Global Real Estate Income Fund (IGR). This is a closed-end fund but shares are traded on a daily basis.
Fund Details:
Name: ING Clarion Global Real Estate Income Fund
Ticker: IGR
Current PPS: $16.68
Dividend Yield: 9.80%
Total Net Assets: $2.5 B
Premium/Discount: 5.9%

Why invest in IGR?

  1. Gives international real estate exposure easily.
  2. Well diversified geographically and by property type.
  3. Has only 51% of the assets in the US. Rest of them are invested overseas.
  4. Residential stocks make up only 9% of portfolio.
  5. Has a little dab of fast growing economies like Brazil,Asia.
  6. High Monthly dividends and long-term capital appreciation
  7. With dividend reinvestment option, yield can easily exceed 10% per year
  8. Net Assets of over $2B
  9. Run by ING, a global leader in Financial Services

Note: All data as of March 31,2008.

Analysis:
IGR has been a great fund since its launch. From 2004 till November,2007, the market price of the fund more than doubled from $12 a pop.After that peak, the stock went down as low as $14 before moving up to $16.68 today. We would suggest that IGR is an excellent buy at any price below $15.

5-Year Chart


There are a total of 119 stocks in this fund which includes both common and preferreds.The top 10 holdings account for 29% of the portfolio.Some of the companies in this top 10 list includes Rio Can of Canada, Westfield Group of Australia,Land Securities of UK. Other notable companies in the portfolio are CapitalLand of Singapore, British Land of UK,Prologic of US,Brascan of Brazil.The fund has 0.4% in Unitech of India. India’s housing market bubble has burst and now prices are going down.

Anyone looking for a monthly cannot afford to miss this fund.With a yield of 9.8%, this fund easily beats the S&P; Index yields and Equity REITs. The fund has returned an average of 11.95% since inception – which is not bad.An investor may want to pick up IGR and a couple of other REIT funds like RWX,RWO,WPS,etc. IGR is a long-term value investment.While in the short term it will fluctuate, if held for a minimum of 5 years it may give great returns when compared to other investment options.

Tidbit:
Here is a posting by “nutodaboard” from Yahoo Message board on Feb 15,2008: “I invested $15,000 almost 4 years ago and now the total is $26,340. That means a profit of $11,340. Divide the $11,340 by 4 and that comes to an average return of $2,835. $2,835 divided by $15,000 comes to 18.9%, which is the average rate of return on my original investment the way I figure it.“

Important Note:
The above message may or may not be true.Do not depend on online messages to make investment decisions.Do your own DD before putting money into any investment.

Links:
http://www.ingclarion.com/INGClarion/Clarion+RE+Securities/ClosedEndFunds
http://www.ishares.com