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Meaning of the figure following share name Ord 5.00
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Francisnjuguna
#1 Posted : Wednesday, October 01, 2014 4:59:24 PM
Rank: New-farer


Joined: 7/16/2014
Posts: 21
Location: Kenya and Liberia
What is the meaning of this notation that follows share name. eg

NIC Bank Ltd 0rd 5.00

or
The Co-operative Bank of Kenya Ltd Ord 1.00


other shares don't have this figures

Kindly enlighten me.
njuguna1
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its2013
#2 Posted : Wednesday, October 01, 2014 11:06:50 PM
Rank: Member


Joined: 1/4/2013
Posts: 255
Francisnjuguna wrote:
What is the meaning of this notation that follows share name. eg

NIC Bank Ltd 0rd 5.00

or
The Co-operative Bank of Kenya Ltd Ord 1.00


other shares don't have this figures

Kindly enlighten me.


Ord stands for "Ordinary" Shares (as opposed to "Prefered" Shares).
The 5.00 or 1.00 is the Par Value

Pretty hurts
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Mart_Consult
#3 Posted : Wednesday, October 01, 2014 11:07:38 PM
Rank: Member


Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Francisnjuguna wrote:
What is the meaning of this notation that follows share name. eg

NIC Bank Ltd 0rd 5.00

or
The Co-operative Bank of Kenya Ltd Ord 1.00


other shares don't have this figures

Kindly enlighten me.


Par value of Shares. All companies do have this.
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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