Share Prices

[jesmond]

Can someone settle a dispute regarding share prices. In the newspaper they dont show the pound sign when showing the price so if a share says it 2000 does that mean it is £20.00 per share or 20p per share. Thanks

[Flonska]

If my memory is correct, I think the prices on the LSE (London Stock Exchange) are usually quoted in pence. So a price of 221.00 is £2.21 and not £221.00.

[jesmond]

Thanks and although ive explained it to her, she still dont get it, she says in paper they dont use the decimal point so they are written like 2000 or 59 or 123 per share, the penny will drop then she will get it

[EDDIE51]

Yes , they are always in Pence. So 280 means £2.80p

[jesmond]

Gr8 thanks, so that means if there are some that are 2000 then they are £20 and four digits converts to £s

[Old_Geezer]

Only if you want the price in £s rather than p.

Best to think clearly and look at it as, there is no decimal point because it's pence. And that there are 100p in a £.

Looking at it as 4 figures coverts to 2 which, for some reason gives the answer, seems to hide the reasoning as to why.