Penny Share Certificate

bono19

Hi, Can anyone help or give some advice. I was sorting out very old paperwork of my late husband, now 6 years on and thought I could probably through a lot out. I have found a Share Certificate for Dragon Oil plc. I have no idea if it is still valid or how much it could be worth if anything. The date on it is 1997. It does say on it that they are penny shares and I really don't know what that means. Any help or advice would be great.

marvin

Certainly worth more than a penny

http://www.dragonoil.com/investors/share-price/

The share price on 1 April 2009 £1.97

price currently £5.81

[Deleted User]

Hi,

I see on the above link that they pay dividends twice a year, have you been receiving the dividends?

noggin1980

marvin wrote: »

Certainly worth more than a penny

http://www.dragonoil.com/investors/share-price/

The share price on 1 April 2009 £1.97

price currently £5.81

They wern't worth a penny in 2007 though more like a little under 3 pounds. So is it for sure the same thing?

marvin

noggin1980 wrote: »

They wern't worth a penny in 2007 though more like a little under 3 pounds. So is it for sure the same thing?

I think the 1p is what is written on the share certificate not what the shares were worth.

bowlhead99

You are right of course that the figure on the share cert is not the actual price paid or current value.

It is a nominal value which helps you identify what it is that you own. Every so often they may consolidate all the shares in existence together so that for example, ten one-penny shares worth 20p each are combined to be one ten-pence share that is worth 2 quid. Or they may split up the ten-penny shares to give you nine one-penny shares and permanently cancel the last penny worth. Companies mess about with their capital from time to time which is why it is useful to know that what was issued in 2007 was a 100 or 1000 or 100000 share of nominal value 1p each.

At the moment the Dragon shares you see on the stock market have nominal value of ten euro cents each. So there must have been some fiddly changes.If you can't work it or from the Dragon website investors section, contact the registrar for the company and ask how many of the current shares your 1p shares now represent. They will help you get a new certificate issued with your current holding.