Secondary – issue or trading
In an investment context, secondary can refer to trade in bonds or shares that have already been issued as opposed to primary
Primary – issue or trading
In an investment context, “primary” usually refers to new issues – as opposed to secondary which refers to trading shares or bonds that have already been issued
Zero dividend preference shares
Zero dividend preference shares (ZDP) are Shares that will be redeemed at a fixed price at some defined point in the future (provided that sufficient assets are available). Their entitlement […]
EPRA Earnings per share or EPRA EPS
EPRA Earnings per share or EPRA EPS – EPRA Earnings is a measure of the underlying operating performance of an investment property company excluding fair value gains, investment property disposals […]
Net Asset Value per share (NAV per share)
Net Asset Value per share (NAV per share) – The Net assets divided by the number of shares in issue (often just abbreviated to net asset value or NAV). Read […]
Market capitalisation
The value of all the shares in issue of a company, calculated by multiplying the share price by the number of shares in issue.
pre-emption rights
Pre-emption rights are very important. The rules that govern how listed companies behave say that, unless you agree otherwise, companies can’t issue stock to new investors without offering it to […]
Additional Tier 1 or AT1
Additional Tier 1 or AT1 – in addition to a bank’s core capital or Tier 1, it may also use other additional forms of capital to ensure its capital adequacy. Tier 1 […]
Participation notes
Participation notes are a form of derivative, issued by a counterparty such as a bank or a broker, which give an investor the same exposure as buying the underlying security […]
ETF
ETF is an abbreviation for Exchange Traded Fund. These are funds, traded on an exchange (like an investment company), that issue and redeem shares to match supply and demand (like […]
