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I've lost the plot on the currency piece really, I mean I suppose it's fairly irrelevant in a way because the value of TILS will be so much higher in a years time that it is now I'm not too bothered ;o-)
I’ve lost it today lol I meant GBP LOL
OOPS GPS
Hey DaveyC
So presumably with sterling strengthening against the dollar by buying ADR you’re going to get more ADR shares for your GBR’s ! Plus another advantage is being able to trade later up to 9pm our time on the Yankee market
SK - not sure about tax, but almost all of mine are held in a SIPP and a 401k (American Pension)
Hey DaveyC
Thanks for your reply
Yes the Sterling has risen against the dollar so I have been taking advantage of that and buying tech stocks such as Microsoft and Nvidia. I read somewhere that if you buy a foreign stock and you could have bought the London listed one of the same then there is some sort of penalty not sure if it’s a tax or something ?
Hey CityT
Is there any advantage in buying the NASDAQ $ shares ? Or a combination of both ? Or just the AIM ?
SK - I hold both London Ordinary shares and ADR's in TILS and HCM. I started buying ADR's when I lived in the United States but have continued to buy both OS's and ADR's since moving here. It's really just a currency play because I expect sterling to strengthen now so each ADR will be worth more when converted. There is no other advantage I can think of.
Hi SK, No Nick wasn't an MM. He was buying in HK then selling in Singapore or vice vesa if the exchange rate was favourable. I believe it was a tiny profit on each trade and it had to be done quickly because the difference would vanish. It was guaranteed profit.
Hey LeddachJack
Thanks for your reply much appreciated. Ahh right that makes sense now then. In that case is there any advantage in buying the NASDAQ $ shares ? Or a combination of both ?
I copied this from a previous poster for my own reference so apologies to whoever it was for lack of a credit.
You drive $ by 5 then divide by 1.265 = £
So Nasdaq $7.83 / 5 / 1.265 = £1.23 (but that was a while ago and probably the exchange rates have changed enough to explain the discrepancy.)
There is a 5 to 1 split so each uk share worth one fifth in effect.
Hey CityT
Looking at the current NASDAQ SP of Tiziana it is $7.93 which converted to GBP at current rate is £6.28 !! So once again apologies if a dumb question lol but why isn’t our share price £6.28 ?
Hey CityT
Ah yes I remember the news on Nick Leeson he served time in clink as I remember !!! Very dodgy !!! Was he an MM then ?
Hi SK, They should be the same price. However in practice our sneaky MMs adjust the price to whatever they like the next day! So we should open at about 125p tmorrow eh? If you remember Nick Leeson though? He was supposed to be in arbitrage whre any such differences could be exploited I think it was prices between HK and Singapore. All very safe until it all went wrong.
Hey CityT. I have a question if you wouldn’t mind answering it. I have looked online but cannot seem to find an answer so forgive me if this is a stupid question LOL
So as Tiziana is dual listed on London AIM and also NASDAQ if say the NASDAQ $ SP Rises by say 20% does that automatically make the London £ SP raise the same 20% barring any forex GBP to Dollar rates ? And also vice versa ? Or are they totally separate ?