ChatterBank3 mins ago
Share Price In Annual Report
My son is doing a financial course and he has a question that I can't answer.
He is studying the company ASOS plc, in particular the share price. In their annual report it states:
The market price of ordinary shares at 31 August 2016 was £45.30 (31 August 2015: £29.94) and the range during the year to
31 August 2016 was from £24.73 to £48.32 (year to 31 August 2015: £17.84 to £41.94).
and the EPS quoted seems to back these prices up. But on any financial site the prices look 100 times bigger, eg today it is around £5200. Why is this?
He is studying the company ASOS plc, in particular the share price. In their annual report it states:
The market price of ordinary shares at 31 August 2016 was £45.30 (31 August 2015: £29.94) and the range during the year to
31 August 2016 was from £24.73 to £48.32 (year to 31 August 2015: £17.84 to £41.94).
and the EPS quoted seems to back these prices up. But on any financial site the prices look 100 times bigger, eg today it is around £5200. Why is this?
Answers
Because prices on the London Stock Exchange are quoted in pence.
12:56 Thu 23rd Feb 2017
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.