I’ve noticed that some stocks listed on the London Stock Exchange have their financials quoted in USD, and I can’t figure out if this is a bug or not.
The same goes for Caledonia Mining (CMCL), AEP Plantations (AEP), Pan African Resources (PAF), and HSBC (HSBA), to name a few. The values do appear to be actual USD values and not just GBP values using the $ symbol.
Of course, some LSE stocks show their financials in GBP, like Next (NXT), Science Group (SAG), and Quilter (QLT), as you would expect:
Looking at your first example. Yes, they are listed on the LSE and have a share price in GBP, but the company operates in Kazakhstan and uses USD for its financial reporting. Look at the reports on their web site. All 212 is copying the companies reports so what you see is what I expect.
It’s not just your companies, the reverse is true on other exchanges. Look at Rolls Royce. Clearly an LSE company and everything is in GBP. But their shares are also listed on XETR in Germany, priced in EUR. But look at their financials there, and it is in GBP.
It depends of the currency used in the original financial statements and sometimes depends of the source from where brokers pull the data, e.g. the major financial databases are us-based and they sometimes they convert the financial figures to USD, because they are US-centric.
Interesting. Thanks for your replies, @RLX & @Runen.
I also checked Altyn’s fundamentals on TradingView and they were reported in GBP, which cemented my thought that something must be wrong. But I have now checked Altyn’s fundamentals on the LSE website itself (which I should have done initially) and I can see that the figured are reported in USD.
So, as you suggested, T212 is just reporting the figures that it gets from the company, which makes sense. I suppose some UK-based companies will report in USD if their primary product (like gold) is generally traded in USD on the global market.
