What does Tesco Ord 5p or Lloyds TSB Ord 10p mean?
Tesco is currently at £2.25p per share and Lloyds TSB at 82.27p a share
Does this mean if we were to buy we are buy eg an ordinary tesco share valued at 5p for £2.25 and likewise an ordinary share at TSB valued at 10p at 82.27p? Is this on the hope they are converted into actual shares?
What does an ordinary share mean? An illustrative example would be awesome. Thanks
Sorry I have also googled but just wanted to know as I'm intrigued. Not buying just intrigued with what this means.
Thanks for your help