As an aside, you can buy all sorts of things on the ASX that are not shares. When buy or sell ASX:NewCo it will be a CDI. You can buy or sell a US share using an international trading account with most Australian based brokers - but they simply delegate the request to a US (or other) broker as the US share is not listed on the ASX. Using the RMD example when I buy RMD.ASX it is clearly shown as a CDI. Alternatively I can buy RMD.NYS which is shown as "common stock" - but this will be registered with a US clearing house/broker. My Australian broker has no role in the purchase other than to pass on the request to the US broker even it is visible on the trading platform.
AKE Price at posting:
$9.25 Sentiment: None Disclosure: Not Held
