Recently, I bought BAE systems from London exchanges (LSE)
When I check my balance i saw this my purchase price is 4.735
I ask why 4.735, when the message alert I received is 473.5
I thought it is a error from kayhian side. I even joked with my broker and fellow bloggers that I got a 100 baggers.
My broker tried to explain to me it is in Pence. He send me the conversion rate, I say I am aware it it is pound.
I ask why divide by 100. He exasperatedly said it is pence, like cents …
And I go oops.
And I ask, and they allow trading of 1 share??
End up I paid double the commission to get the quantity I wanted.
LOL. Had a good laugh. Sillyinvestor indeed.
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