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hello. 17/m. im thinking of investing in a business. Ive got about 60british pounds (120$) which isnt much, but im not looking to get amazing profits. Now..im searching for companies, but with this global economic problem, every compny seems to have hit rock bottom. Im thinking, if i can buy shares for cheap now, wait and maybe they will increase as the situation gets better. Now for the Question: when i got on a site to check share prices..theres a number. for this company its 568.00. is that 568pounds for every share?! what does that mean? if it isnt the share price..where is it? (link)
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I'm not familiar with British stock trading but an indicator of the price for each share being in pounds would be if the company paid a large dividend.
Now seems to be the time to buy but I thought that an month ago when I bought BIM on Toronto for 78 cents only to find it dropping to 30 at which time I bot 4 times as much. It then went down to 25 cents. BIM has a large, high grade iron ore deposit in northern Canada and lots of equity cash but the downside is lack of markets, especially in Europe which is hard hit by the recession and which already has pipelines and railways. Also BIM's 1.6-billion shares o/s is against it and the price drop probably anticipates a ten for one reverse share "split."
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