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Oakey said:
WRN up another 34p this morning. Why?
This was released very late Friday.http://www.digitallook.com/news/rns/22083354-14054...
Effectively re-rated the stocks at 160p? I think thats how it can be read?
Not complaining... That was a nice morning gamble
vescaegg said:
Oakey said:
WRN up another 34p this morning. Why?
This was released very late Friday.http://www.digitallook.com/news/rns/22083354-14054...
Effectively re-rated the stocks at 160p? I think thats how it can be read?
Not complaining... That was a nice morning gamble
£2 now!
Oakey said:
vescaegg said:
Um glad I didnt get out now....
£2 now!
Do you think it'll last? There's not much volume, it wouldn't take much for the price to collapse, would it? IT's SP is now above Tesco, yet it's a company that seemingly does nothing! £2 now!
Ill stick around for a bit, see wht happens. Only put a little in so dont mind risking it.
Oakey said:
vescaegg said:
Um glad I didnt get out now....
£2 now!
Do you think it'll last? There's not much volume, it wouldn't take much for the price to collapse, would it? IT's SP is now above Tesco, yet it's a company that seemingly does nothing! £2 now!
Oakey said:
I'm just scratching my head as to what WRN do exactly to justify a share price higher than a huge company like Tesco. At least you know what Tesco do. WRN is another one of those dodgy looking companies whose website is primarily made up of info about their shareprice!
But WRN have far fewer shares in issue than Tesco.WRN has a vaulation of £7.5 million, Tesco is roughly 16,000 million.
Although one share in WRN maybe more than 1 share in Tesco it doesn't reflect the valuation of the companies.
Oakey said:
I'm just scratching my head as to what WRN do exactly to justify a share price higher than a huge company like Tesco. At least you know what Tesco do. WRN is another one of those dodgy looking companies whose website is primarily made up of info about their shareprice!
Share price doesnt mean anything though. Share price x number of shares is what gives you a company value. WRN has a market cap of around £20m. Tesco's is £15billion!
Not sure what your point is to be honest.
When Apple did a 7 for 1 (I think) stock split earlier this year and their price went from about $700 to $100 do you think the company value crashed?
Do you actually invest with real money? You should probably stop....
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