share price help

kenny1960

hi
i have been left 141 intercontinental hotel shares there stock price is 1404.13 how much are they worth as i am confused as wether the price is in pounds or pennies, thanks in advance for help

Lokolo

It's in pence. So the shares are worth just less than £2k.

somethingcorporate

Sorry it wasn't the news you were hoping for (which was to hear that you were now a millionaire!).

sabretoothtigger

uk shares are pennies and subdivided down to one hundredth of a penny 1.01p


USA shares are dollars and divided down to a cent

$1.01

USA share prices tend to be much higher as a result and they judge shares on face value alone. Some will not deal in shares below 10 dollars as being too small, the DOW index is ranked by price ?

What really matters is the market cap which is the same for any country, the total value of the company though its still just a price its the sum total and comparable between stock exchanges
Divide market cap by total shares then multiply by how many you hold and thats your money worth today.
Google shows this but I believe this doesnt allow for discounted warrants (future share issues) like Barclays gave to the arabs so the final answer on exact worth is a bit murky:think:


actually on contract notes Im sure Ive seen half a dozen decimal places used but in terms of a basic stock quote anyway, its two for either country

sabretoothtigger

kenny1960 wrote: »

hi
i have been left 141 intercontinental hotel shares there stock price is 1404.13 how much are they worth as i am confused as wether the price is in pounds or pennies, thanks in advance for help

Sounds like you got lucky here

May 29, 8:36pm
InterContinental lifted by takeover talk
InterContinental Hotels tracked the London market higher on Tuesday on suggestions it might become a takeover target.
http://www.ft.com/cms/s/d32029da-a958-11e1-9772-00144feabdc0.html