Go Back   English Forum Switzerland > Living in Switzerland > Business & entrepreneur  
Reply
 
Thread Tools Display Modes
  #1  
Old 08.04.2011, 15:38
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
FTSE Pricing

I have a question...I haven't invested in securities/stocks in the UK yet, but, each time I say, see shares of Rio Tinto listed at 4,490, today's price, I don't know what that actual price is. I have been told that in the they are trading on pence. And so perhaps that price is something more like 449 pounds.
The price on the ASX is far lower, almost 10 times, which makes me think it isn't pounds at all.
I have considered making plays on the FTSE, but haven't because I cannot understand the nature of the pricing. Anyone want to help?
Reply With Quote
  #2  
Old 08.04.2011, 15:40
bigblue2's Avatar
Forum Legend
 
Join Date: Mar 2009
Location: Glarus
Posts: 8,082
Groaned at 484 Times in 403 Posts
Thanked 14,715 Times in 5,780 Posts
bigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond repute
Re: FTSE Pricing

ftse is priced in pence, if you need to ask then I'd be steering well clear of investing lol
Reply With Quote
  #3  
Old 08.04.2011, 15:45
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: FTSE Pricing

So, I suppose that you aren't going to tell me an answer?
Reply With Quote
  #4  
Old 08.04.2011, 15:53
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: FTSE Pricing

4,490 pence which is £44.90
Reply With Quote
  #5  
Old 08.04.2011, 15:54
bigblue2's Avatar
Forum Legend
 
Join Date: Mar 2009
Location: Glarus
Posts: 8,082
Groaned at 484 Times in 403 Posts
Thanked 14,715 Times in 5,780 Posts
bigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond repute
Re: FTSE Pricing

Quote:
View Post
So, I suppose that you aren't going to tell me an answer?

I think I just did
Reply With Quote
This user would like to thank bigblue2 for this useful post:
  #6  
Old 08.04.2011, 16:03
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: FTSE Pricing

Wow, thanks. See that was easy.
Reply With Quote
  #7  
Old 08.04.2011, 16:04
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: FTSE Pricing

By the way, sans this thread I have done "ok" over the past couple of years. Thanks for the advice though.
Reply With Quote
  #8  
Old 08.04.2011, 16:55
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,277
Groaned at 72 Times in 58 Posts
Thanked 3,728 Times in 1,752 Posts
The_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond repute
Re: FTSE Pricing

Quote:
View Post
I have a question...I haven't invested in securities/stocks in the UK yet, but, each time I say, see shares of Rio Tinto listed at 4,490, today's price, I don't know what that actual price is. I have been told that in the they are trading on pence. And so perhaps that price is something more like 449 pounds.
The price on the ASX is far lower, almost 10 times, which makes me think it isn't pounds at all.
UK Stocks are priced in pence. GBP1 = 100 BPf, and hence everything has to be divided by 100 if you want to see it in British Pounds of course. Always check the trading currency.
Quote:
View Post
I have considered making plays on the FTSE, but haven't because I cannot understand the nature of the pricing. Anyone want to help?
The FTSE is an index and has nothing to do with pounds or pence. FTSE which is normally a reference to the FTSE 100 companies (actually 102), is a capitalisation weighted index. Essentially that number represents the SUM of [number of shares per company x price] and then it's divided by a number to adjust it to when it started way back when, this number changes due to corporate actions etc.

see this for more info.

and erm you probably don't have enough money to make "some plays" on the FTSE so stay clear of it for now
Reply With Quote
  #9  
Old 08.04.2011, 17:19
Newbie 1st class
 
Join Date: Apr 2009
Location: Helsinki, Mediterranean
Posts: 15
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Sun&SnowRadTrad has no particular reputation at present
Re: FTSE Pricing

Quote:
View Post
I have a question...I haven't invested in securities/stocks in the UK yet, but, each time I say, see shares of Rio Tinto listed at 4,490, today's price, I don't know what that actual price is. I have been told that in the they are trading on pence. And so perhaps that price is something more like 449 pounds.
The price on the ASX is far lower, almost 10 times, which makes me think it isn't pounds at all.
I have considered making plays on the FTSE, but haven't because I cannot understand the nature of the pricing. Anyone want to help?
The Rio price is quoted in the UK in pence, but because of the difference in stock exchange rules, the dual listing is not on a 1-for-1 style listing.
But the price is in pence, and arbitraged out for currency differentials throughout the day. The primary listing is in London, and are also traded as ADRs in the U.S. Buyer beware, etc. etc. etc.
Reply With Quote
  #10  
Old 09.04.2011, 22:57
Member
 
Join Date: Jan 2011
Location: Zürich
Posts: 206
Groaned at 11 Times in 8 Posts
Thanked 255 Times in 109 Posts
ukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputation
Re: FTSE Pricing

come on Confloozed, share you trading experience with us.

Tell us what how when...
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance - Swiss pricing a ripoff? skyblue Insurance 4 09.03.2010 21:28
New Pricing for HD on CableCom Talkietoaster TV/internet/telephone 0 30.12.2008 14:41
Pricing comparison for broadband Polorise TV/internet/telephone 2 07.08.2007 10:49
Annoying fuel pricing Nickj Complaints corner 8 30.04.2007 14:45


All times are GMT +2. The time now is 07:29.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0