Replies to post #58 on Hon Hai Precision Industries Co Ltd (HNHPF)

[fsantes]

What do you think about this. Good or bad?

[mockrocker]

I recently bought the 1000 minimum shares of (twse) 2317 tt foxconn stock... there are 2 or 3 different tickers for foxconn but this is the one i bought into... i paid about 2.27 us dollars per share.The other ticker or tickers are about 5 US Dollars per share) the stock was halted for about 1 week on the tawian exchange to (revamp) the stock..well my 1000 shares on my portfolio are now 800 <? i was told thru the Oxford Club that i would recieve .006 cents per share dividend and the stock would rise because of the so called reverse something or other..im not big on using big term words when it comes to stocks..someone on here posted they thought the (shares im missing) went to a different foxconn ticker) this doesnt show in my Charles Schwab portfolio...so how do i find out my performance if i have not been directed were to find it?? (adding that Charles Scwab was the only option i had to buy this 2317 tt ticker) also when does the 6cents per share dividend pay out? quartly ,.,.,. annually? theres a lot of mixed reviews on this stock ...its a bit freaky! when a US citizen buys into something like this there is no law protecting yer money.. but im giving it a whirl! there was also a good question posted here < if foxconn opens an IPO on the New York Exchange will my lower paid Price Per Share Transfer into That IPO???? Thanks for any help..Good Luck!

[bar1080]

So that "uptick" is purely the result of a Taiwanese reverse split? No real gain!

"So freaky!"

[newbie201]

Reply to Post #58 by Renee:

"HNHPF: effective Oct. 30,2018: Holders will be required to surrender their GDSs to be exchanged for (i) new GDSs at a rate of 0.8 new GDSs for every existing GDS surrendered and (ii) the US dollar equivalent NT$4.0. No factional new GDSs will be issued. Fractional entitlements will be aggregated and sold. Cash-in-lieu: Gross US Dollar Rate: US$0.128756 per GDS surrendered, Depositary Fee: US$0.020000 per GDS surrendered, Net US Dollar Rate: US$0.108756 per GDS surrendered. A fee of US$0.11 will be charged per GDS surrendered.

Reverse split ratio .08 (8 tenths) share for one:

http://otce.finra.org/DLSymbolNameChanges";


The fees totals to $0.13/sh -- more than the dividend itself. Furthermore, some of us have to pay income taxes on the Gross dividend of $0.129/sh One would be better off not getting that dividend at all!!!

What is that $0.11/share fee and who is getting that fee. I was charged $.09/sh (titled GDR processing fee) + a flat "reorganization" fee by the brokerage firm. Since the $0.11 and $0.09/sh fee seems to vary with the brokerage firm - and therefore not a fee charged by the custodial bank for the depository receipts for the stock?

Anyone has more info on that fee?

[Normally an ADR processing fee (for foreign stock dividends) is MUCH lower. I don't know what is the difference between ADR and GDR.]

TIA