Equal shares swap

 

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Equal shares swap

Applies mainly to convertible securities. Selling the underlying common and reinvesting the proceeds in as much of the convertible as can be converted into the number of shares of common just sold. See equal dollar swap.



Equal shares swap

Similar Matches

Penny shares

Penny shares

Literally, any share costing less than 100p, but in a recent paper on the subject, the Financial Services Authority designated penny shares as shares which have limited liquidity - in other words, that are hard to buy and sell in quantity without moving the price. Specifically, the FSA singled out those with a spread of 10% or more between buying and selling prices.The FSA definition highlights one of the dangers of penny shares: in order to make a profit on them, you need a significant rise in share price just to cover the wide spread. There is no evidence that penny shares as a class have any more potential to appreciate in price than higher-priced shares. The reason is simple: Price in itself is not a measure of value. It only becomes a measure of value in relation to other factors, e.g. price-to-earnings or price-to-assets.Novice investors often make the mistake of equating low share price with value. That's a fundamental error. A share costing £10 can easily be better value than one costing 10p, if the Net Asset Value per share of the two companies is £12 and 5p respectively. What matters is the size of the 'cake' to which the shares relate, and the number of shares in issue.


Capital shares

Capital shares

Shares which entitle the holder to receive the capital appreciation from a split capital investment trust. The other type of shares in such a fund are income shares which receive the fund's income.


Fully diluted earnings per shares

Fully diluted earnings per shares

Earnings per share expressed as if all outstanding convertible securities and warrants have been exercised.


Capital shares

Capital shares

One of two types of shares in a dual-purpose investment company, which entitle the holder to the appreciation or depreciation in the value of a portfolio, as well as the gains from trading in the portfolio. Antithesis of income shares.


Bearer stocks/shares

Bearer stocks/shares

Stocks or shares which do not record owner's names and for which the companies do not keep a register of ownership. Possession of the certificate is therefore the only proof of ownership.


Further Suggestions

gamma shares
delta shares
Treasury Shares
recovery shares
nil paid shares
American shares
partly paid shares
Class A or Class B shares
Identified shares
Paired shares
stepped preference shares
income shares
windfall shares
cumulative preference shares
guilder shares (New York Shares)
Outstanding shares
preference shares
Common shares
Performance shares
beta shares
alpha shares
ordinary shares
Shares
Ordinary shares
participating preference shares


 
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