Shares found post-probate - value

k3lvc

Hopefully a simple question but causing a row I could do with not festering until tomorrow

We've been notified of the existence of a set of shares 2yrs after death of relative

These are 179 ord shares of 10p f/paid in Lloyds Banking Group

Allegedly these were valued at c.£100 total at some point in the past but if I read correctly now they trade at £66 per share

ChesterDog

It is 66p per share currently.

k3lvc

ChesterDog wrote: »

It is 66p per share currently.

My expectation but is there a difference between GBp and GBP ?

It's being argued with me that share price quoted at 66.34 GBp (assuming I'm looking at right shares) whereas my employers shares (albeit quoted in CHF) are actually in Francs rather than cents

Or alternatively does the '10p' have a meaning in this situation

ChesterDog

Not sure I entirely follow the question, but the Lloyds shares are priced in pence, ie currently £0.6634 which is 66.34p.

AnotherJoe

These are standard lloyds shares. As said are around 66.4.p each to buy (just checked on my brokers website), so less than £120.

bowlhead99

Great British Pounds or Great British pence.

One is usually quoted as GBP, the other as GBX.

Lloyds is listed in London where prices are quoted in pence.

What stock exchange your employer is listed on, and whether they typically list companies there in francs or dollars or shekels is completely unrelated to the price of Lloyds. Your Lloyds Banking Group ordinary shares are not worth £66 each. But 66p. More like three for two quid.

The 10p per share nominal value helps you differentiate the 10p shares that you hold (which are the current ones in issue and which are repriced and published as available to bid or offer several times every single second on the stock exchange) from older versions of Lloyds shares which may have been issued a long time in the past, e.g. the ones with 25p nominal value or 1p nominal value.

Keep_pedalling

Hopefully the fact that just over £100 rather than thousands will take the heat out of any augument.

AnotherJoe

Unless OP has just promised partner a £10k luxury holiday on the back of this "windfall" .

k3lvc

Keep_pedalling wrote: »

Hopefully the fact that just over £100 rather than thousands will take the heat out of any augument.

I was arguing on the lower amount :rotfl:

AnotherJoe

k3lvc wrote: »

I was arguing on the lower amount :rotfl:

"but if I read correctly now they trade at £66 per share"

??

k3lvc

AnotherJoe wrote: »

"but if I read correctly now they trade at £66 per share"

??

Yes - hence why I was questioning whether I was reading correctly