Help with shares - don't understand. Should I cash them in?

[mustgetalife]

In 1998/99 we bought 20,000 shares in Emerald Energy at a total cost of nearly �1,475.00 The shares were worth 0.01p
Some years ago, their value had plummeted so much, that they changed the share worth to 10p shares and we received a Certificate for 200 shares.
I don't understand the index thing on the Ceefax but at the moment it says 499 and a quarter. Online a website says they are worth 499.25p
If you times that by my 200 shares, I get 99850.
I'm confused as to where the decimal point is, as I don't understand these penny share indexes or whatever they are. Could somebody please tell me whether it's my lucky day or if I've broke even yet.
Many thanks from a numbskull

[dr b]

499.25p x 200 shares gets you 99850p, or 998.50 pounds.

Not a very good return on your 1,475 I'm afraid.

[factor-fiction]

Keep it simple. 499.25p is a liitle more than 499p but less than 500p.
500p would be �5 and 499p would be �4.99.
Using a simple figure of �5 you have 200 shares worth �5 each. That's a total value of �1000. (Less dealing costs!)

Incidentally, I think the initial figures you listed for the share price may be wrong.
20000 x 0.01 p ≠ 200 x10p
Was it perhaps 0.1p per share initially?

[mustgetalife]

Thank you both for answering my query. It's a disappointment but at least I can now watch and wait til the time is right and cash them in at a time when I can at least hope to get all of my investment back. Just hope I don't have to wait another 10 yrs lol.

[andres]

If you look at page 224 on ceefax you will see the up to date price for Emerald. Currently running at around �5 , I would hang on a bit longer and at least get your money back. I too have Emerald!! .