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Delta shares |
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Delta 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.Similar MatchesPaired sharesPaired sharesStock of two companies under the same management that are sold as one unit with one certificate. Alpha sharesAlpha 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. Ordinary sharesOrdinary sharesCompanies are incorporated with an authorised share capital - for instance 1,000 ordinary £1 shares. They do not have to issue all the authorised shares, but can issue as many as they like up to the authorised number.Once issued the shares can be traded either privately or on an exchange if the company has listed them. The price at which they trade will have nothing to do with the par value, but will be determined by market forces. Broadly speaking, if there are more willing buyers than sellers, the price will rise; if there are more sellers than buyers, it will fall.Shares usually come with a right to vote at the company's Annual General Meeting, and an entitlement to a share of dividends declared. They are, however, unsecured. This means that shareholders are last in the queue if a company goes bust and has to sell off its assets. If the amount realised is enough to pay off all creditors, the shareholders may salvage something. If it isn't, the shares will be worthless. Shares authorizedShares authorizedThe maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. Treasury SharesTreasury SharesShares issued in the name of the Corporation. The shares are considered issued, but not outstanding.Usually refers to stock that was once traded in the market but has since been repurchased by the corporation. Treasury stock not considered when calculating dividends or earnings per share. Further SuggestionsOutstanding sharesparticipating preference shares cumulative preference shares Equal shares swap Identified shares redeemable preference shares windfall shares American shares Common shares permanent interest bearing shares Performance shares Shares preference shares income shares bearer stocks/shares Class A or Class B shares beta shares Ordinary shares Capital shares Fully diluted earnings per shares stepped preference shares recovery shares gamma shares capital shares guilder shares (New York Shares) |
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