Peppa pig shares up 29% this morning.
I’ve opened a De Giro account on the recommendation of two lads here on a different thread, I think it was @Julio_Geordio and @gilgamboa. I’m going to fool around with it for a good while just monitoring various stocks but can anyone answer why certain companies you search for might have three entries?
Example I searched for Entain there and they came up under LSE (I presume this means London Stock Exchange? Price is £1473.50 a share), there’s also a TDG listing with each share at €16.70 and there’s a WEN option with shares again at €16.70 each. See screenshot below for the three options Entain threw up.
Searching Flutter by comparison gives me three listings - LSE (£12k), TDG (€141.10) and IRL (this one has no value per share though).
Glanbia then has two listings - IRL (again I value given) and TDG (€11).
Its traded on different exchanges. A lot of irish companies would be traded in Dublin and London for example. Difference being stocks in London are priced in pounds.
Generally there will be one exchange where a stock is most frequently traded and that will be the one to use
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LSE is priced in pence for some historic John Bullshit reason. So its £14.73 not £1473
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Ah I see thanks for clarifying. So should I be buying shares on LSE, TDG, WEN or IRL (where that one exists, although where it does exist the value isn’t showing)?
Depends on the stock, does it show you volume of shares traded per day?
@Smark consider the exchanges to be like going between Betfair and Betdaq (if it still exists).
Watch out for FX risk also. You might hit a home run on a share but could lose out on FX risk. So if you buy a share in USD and that share price goes up that’s all good, however, if they Euro strengthens relative to the dollar you will lose a bit on FX.
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Using Entain as an example, you can see 10 day and three month volume traded and number of shares floating versus outstanding but the values are the same across all three exchanges so not sure if this answers your question?
For Entain in particular it would be London (LSE) that would be the best exchange to use, TDG is some sort of internal trading thing with other De Giro members don’t know much about it.
LSE is not always necessarily the best exchange to trade on, but it probably is for any UK company and most bigger Irish ones. But again, case by case
Obviously some of the examples listed above have no prices, that means no one has traded them
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@briantinnion thanks for the advice. I’m actually using the Warren Buffett style of investing by aiming to invest in ‘good’ companies with strong growth potential for the long-term. I want to put money in and just leave it for at least 20 years (or more). I have a few grand sterling sitting in a UK account doing nothing so want to shift it into something worthwhile rather than depreciate, that’s the only reason I’m doing this and don’t want to be a short trader as such. Only problem is De Giro would only let me open a Euro account so I’ll have to first figure out where best to convert my sterling electronically into Euro before putting them in-play.
I didn’t think I’d be dealing with trying to figure out which of three exchanges to trade on but from what you’re saying London is a good one and one of the Irish ones next if it’s being traded.
Revolut still if it’s quick?
Speculative fortune maker is investing in any company involved in treatment of diabetes or anything obesity related.
Lads just using Tesco shares purely for illustration - but there’s four exchanges I can buy Tesco shares from on Degiro. Like which one should I be opting for? My understanding is LSE is London stock exchange but I’ve to contend then with FX rates down the line if my stock does well but the Euro has soared even more versus sterling. So seems sensible to opt for Euro stock exchanges only to limit that volatility? Options then are TDG, XET and FRA.
Tesco is just one I’ve been tracking but there’s another stock I want to buy and the options are again LSE, TDG and IRL. So I assume TDG is a safe one to go for as I’ve been reading the Irish stock exchange is on its arse? Also IRL has no valuation for this stock but TDG does.
I already telt you @Smark
It’s a case by case basis. But Tesco would be LSE.
It really depends on trading volume for a stock on each exchange. You want to trade on the most liquid market ideally. Like Betfair.
You aren’t really taking FX risk with tesco. I couldn’t be arsed explaining it, but basically if the pound weakens the share price will adjust to reflect the real value. You do have an FX risk in Tesco itself as a company. As a weakening pound may affect their margins or vice versa. But that goes for most companies.
I’d imagine what De Giro charge to convert euro to GBP is negligible enough?
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Fair enough so stay away from TDG as it’s an internal trading mechanism between Degiro customers. So for the company I want to invest in that has LSE, TDG and IRL I should probably plump for LSE?
I have no idea how degiro works. But their internal market probably has a fair bit of liquidity.
As for your other question. It depends. But in general LSE is a safer bet than Ireland. You can see the volume traded on each stock each day on each exchange. Take a few different Googles. But there’s very few stocks traded on LSE and ISE where LSE isn’t the place with the volume.
Of course he’s taking an fx risk in buying a sterling denominated equity, what are you talking about?
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If he buys Tesco shares denominated in euro it will make absolutely no difference as they will be linked to the Tesco share price in GBP. Any differential would be arbed until the two are identical. So it makes absolutely zero difference if he buys the stock in euro or GBP. And he is better off trading it in GBP where it is more liquid.
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