Please explain share price to stock value

šŸ¤ Help
1

Hi. Iā€™ve watched the video on share pricing which is clear to me and understood. But Iā€™ve seen a variable on this I do not understand so well.
The video tell you that if a share price is p10.50 for example then each share costs Ā£10.50. That makes sense.
However I have seen times that the Ā£10.50 actually buys you 105 shares, as a rough examples.
So what is it that makes a share price differ from the stock you buy? Iā€™m lost on this!
Davey

2

Here is a live example. At time of writing Lloyds Bank have a share price of 39.10 however, one share would be .39p?

3

Itā€™s usual be listed in GBX which means pence.

So a hundred pennies is Ā£1

So LLOY is 39.10 pence

The .10 is a tenth of a penny

4

So my example price is actually .39.1p not Ā£39.10
Wow. Missed that.

5

Thank you for your fast reply

6

No worries.

Basically itā€™s that for one share

39.1p

Or 10

Ā£3.91

Or 100

Ā£39.10

Or 1000

Ā£391.00

On top of when you buy if itā€™s not AIM or ETF expect stamp duty

7

Is that the same principle for the US market?

8

No they list in dollars. Basically if you look at the unit

p (or GBX) itā€™s in pence

Ā£ (or GBP) in pounds

$ (USD) in dollars

ā‚¬ (EUR) in euros

9

Sorry, I knew that but I meant is it listed in dollars and cents like the uk market, ie, a share at $1.00 is really 1 cent?

10

a share listed at $1 is $1.

the if it is less then it will show a price of $0.1 or $0.01

11

Thank you. Bit different than London then

12

I think you are overthinking it :sweat_smile:

I think itā€™s simply the p thatā€™s thrown you in thinking that was pounds when it means pence.

If it shows

$1.00 itā€™s one dollar a share

Ā£1.00 itā€™s one pound (GBP) a share

p1.00 itā€™s one pence (GBX) a share

So if you see p100 itā€™s the same as Ā£1.00

Also the unit is placed before. But p90 and 90p is the same ninety pence.