scroll

American ADR’s

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 15/02/2025

American ADR’s

Thank you for your daily news sheets and podcasts- they are great! Do ADR's from an American based Nasdaq company (KZIA) need to be held by a particular company (Bank of New York Mellon ) or are there other options? The bank has sent USA cheques which cannot be taken by any bank in Australia and the Australian based office for Kazia never responds to phone calls when messages are left. I would love to dispose of them but their value is hardly worth it and I live in hope they will one day do something good with their trials! Thanks Ann

Answer

Hi Ann,

Thanks for the thumbs up!

Those shares could be moved to an international broker who operates in Australia, as long as you have the paperwork associated with those shares. That broker should then be able to cash those cheque’s and allocate the funds to your account, though most brokers will only cash cheques that are less than 6 months old.

We can understand your frustration, dealing on the international side can be complex if things are not all in the one place.

Latest Reports

Afternoon report 17/04/2025

The Match Out: ASX strong as energy bounces back, commodity stocks impress on quarterlies

A bullish session after a decent hit to U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour.

Morning report 17/04/2025

What Matters Today: Did MM turn neutral towards Gold too early?

The ASX 200 performed well on Wednesday, considering US NASDAQ Futures were down over 2% by 4pm AEST, courtesy of poor news from both sides of the Atlantic before the respective bourses even opened. Global Tech stocks sank on a one-two of bad news for tech goliaths Nvidia and ASML, the last thing the embattled semiconductor sector needed.