OK so I got energetic and looked it up... 1R =0.27 USD so at R5.70= $1.54 x1000 = $1540 (about, + fees).
You not only have to play the stock price but also the exchange rate which has fluctuated between .23 and .31 per dollar. Don't forget all the other fees involved such as buy/sell commissions and exchange differential and conversion fees. Also you may have to report to the IRS ownership/interest in a foreign stock- but that is murky water if your buying on a US exchange thru a brokerage Co. Another thing to consider, does the stock price change with the exchange rate and not because the stock itself has changed in value.
Assuming the exchange rate stays at $0.27 to 1R and forgoing any fees, In order to make $100, 1000 shares of the stock would have to get to about R6.07, a rise of 6.5%- which is doable. If the exchange rate of the R goes up you stand to make even more. Since the R is near the bottom for this year and rising, that looks like a good bet. I have no idea how their politics would affect that.
Hypothetically lets say the rate goes way up to $0.30 to the R, and the stock doesn't move from 5.70R, then the original $1540 investment is suddenly worth $1710 for a profit of $171
Playing with foreign stocks, especially south of the border, is very risky business. Note that I am NOT an investment advisor, all of this is hypothetical and I figured it out in my head on the fly... you got what you paid for.
