Japan Airlines Set for Bankruptcy as Hatoyama Abandons Bailouts

Discussion in 'Wall St. News' started by ASusilovic, Jan 10, 2010.

  1. m22au

    m22au

    Japan Airlines (Tokyo listing)
    http://stocks.finance.yahoo.co.jp/stocks/detail/?code=9205.t
    last price = 1 yen
    high of day = 2 yen

    going to be delisted on 20 February 2010:
    http://www.tse.or.jp/english/listing/delisting/list.html

    USD/JPY = 90.22

    ADRs represent 5 (Japanese) shares
    http://www.adrbnymellon.com/dr_profile.jsp?cusip=471040105

    2 yen / 90.22 * 5 = 0.1108
    so the New York listed ADRs "should" be worth about 11 cents (if we assume 2 yen per Tokyo listed share).

    Japan Airlines (New York listing)
    http://finance.yahoo.com/q?s=jalsy.pk
    last price = 2.12 USD

    Note on 20 January the US listed ADRs hit a low of 20 cents.

    Is it just me, or this a little crazy?
     
    #11     Jan 29, 2010