Newbie question15 Feb 2019 13:04
Hello to All,
I am new to this investing and share lark, could someone please confirm something abouts the shares in this feat of engineering on my door step.
SXX floated approx 47Bn shares current value of approx 20p ( to keep the maths simple ) with the company valued at ?940m.
Is it the perceived value of the company of ?940m that drives the share price of 20p
or
Is it the SP of the 47Bn shares at 20p that generates the perceived value of ?940m
I ask because of the mention of shorting driving down the SP, as I said I'm new to this...
If the shorters and day traders are making a fortune on the waves of the SPs ups and downs, whose money are they taking and does this not affect the SXX pot of cash.
As a planned LTH of this share, expecting the mine will be built and the share price will go up, should I worry about the monies others are making affecting my long term investment?