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Stupid question but.......

shamblertine · 2009-08-19 17:30:57

Hi All, I'm new to investing and so I've a bit of a stupid question. I want to buy shares in BP on the LSE. They are listed in pence. The price is currently 509.65p. Now does that mean they are £5.09 or does it mean they are £509.65. Sorry its just the 2 decimal places thing is confusing me. I know they are almost…

19-08-2009 5:30pm

#1

shamblertine

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Hi All, I'm new to investing and so I've a bit of a stupid question. I want to buy shares in BP on the LSE. They are listed in pence. The price is currently 509.65p. Now does that mean they are £5.09 or does it mean they are £509.65. Sorry its just the 2 decimal places thing is confusing me. I know they are almost certainly not £509.65 but just want to be sure. Any help would be appreciated. Thanks

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Comments

#2 19-08-2009 5:38pm

JDxtra

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They are £5.09.

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