I have had several emails about dealing in Tenaris (TEN IT), where IT means Italy.
Some have asked if Tenaris SA is the same thing. SA is similar to Ltd or Plc. So yes, SA is fine.
Others have seen MI on their platform, which is Millan. That is fine.
I have also been asked about the US ADR (American Depositary Receipt), where the ticker is TS. The price is twice that of the European shares because 1 ADR is 2 ordinary shares. TS is a good idea if you are struggling with Italy/Milan/Euronext, but the market does not open until 2:30 PM BST (UTC+1). Please do not deal until the market is open. Buying at the open can lead to spurious prices and is best avoided. You may need to fill out a W8-Ben form with your broker to deal in US shares.
Different platforms describe things in different ways, which makes this difficult. Moreover, going global was never going to be easy the first time. But there is only one Tenaris, and the ISIN codes and approximate prices are shown.
|Tenaris Italy (TEN)
|EUR 13.7 this morning
|Tenaris Euronext (TEN)
|EUR 13.7 this morning
|Tenaris US ADR (TS)
|$29.87 on Monday’s close
If you are stuck, have a look at their website.
If you are really stuck, feel free to email me.
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