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Alpha shares |
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Alpha sharesA term previously given to the most actively traded shares on the London Stock Exchange along with beta, gamma and delta shares. This classification was replaced by the normal market size classification in January 1991.Similar MatchesPreference sharesPreference sharesShares in a company which give their holders an entitlement to a fixed dividend but which do not usually carry voting rights. The important difference between preference and ordinary shares are:The dividend on ordinary shares is uncertain and variable (high when the company does well, poor or non-existent when it does badly). Preference shareholders get a fixed dividend which, if not paid, usually accrues until it can be.Each ordinary share usually carries a vote. Preference shares do not usually carry a vote unless dividends fall into arrears.In the event of a winding up, preference shares are usually repayable at par value, and rank above the claims of ordinary shareholders (but behind bank and trade creditors).Preference shares may be issued with the right of conversion into ordinary shares. These are called convertibles. Nil paid sharesNil paid sharesA company's newly issued shares which can normally be transferred on a renounceable document. Delta sharesDelta sharesA term previously given to the shares of smaller companies least traded on the London Stock Exchange, along with alpha, beta and gamma shares. These terms were replaced by the normal market size classification in January 1991. Partly paid sharesPartly paid sharesIn privatisations it is usual for shareholders to pay for their shares in two or three instalments. Until the final instalment is made the shares are only partly paid. Class A or Class B sharesClass A or Class B sharesSee: Classified stock Further SuggestionsPerformance sharescapital shares stepped preference shares beta shares Shares Identified shares Ordinary shares Common shares participating preference shares penny shares ordinary shares recovery shares Outstanding shares guilder shares (New York Shares) gamma shares Treasury Shares Paired shares bearer stocks/shares Capital shares Shares authorized windfall shares American shares Equal shares swap cumulative preference shares permanent interest bearing shares |
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