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If I hold shares that are quoted as

"Company XYZ Euro 0.01"

But the stock exchange listing is for

"Company XYZ Euro 0.0002"

(In both cases the numbers are part of the stock name - the price is in a different column).

What does that mean? Are my shares are valued 50x higher than the stock exchange listing?

  • 1
    It could be the bid/ask spread. You could buy it for 0.01 now but could only sell it for 0.0002. – D Stanley Apr 27 '17 at 14:07
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    Neither of the numbers are the stock price. They are all part of the name of the stock. Edited to clarify – Sideshow Bob Apr 27 '17 at 15:35
  • Can you link the to actual example or show a screenshot? – msitt Apr 27 '17 at 16:04
  • Here is the MSX link bolsamadrid.es/ing/aspx/Empresas/… which shows nominal value at 0.0002 but the shares in my account are listed as I say above, Abengoa Class B Euro 0.01 – Sideshow Bob Apr 27 '17 at 16:12
  • Is it perhaps the par value the shares where issued at? Or are you trading penny stocks? – Keith Apr 27 '17 at 20:00
3

They are 2 different class of shares belonging to the same company. Class A shares [par value of 0.01] have 100 voting rights per share. Class B shares [par value of 0.0002] have one voting rights.

Both are listed separately with different ISN and trade at slightly different values. The Class A at higher value than Class B which looks right as it has more voting power.

  • The share listed in my account is ABENGOA SA EUR 0.01 CLASS B, which is neither of the above, and not listed separately. How can I tell the price for it? Or do I just have a class B share which for some reason is listed as nominal 0.01 and if so why? – Sideshow Bob Apr 28 '17 at 8:26
  • @SideshowBob You would need to check with you broker. Even an ISIN check can indicate exactly what you have. – Dheer Apr 28 '17 at 11:45

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