What are shares?
Shares gives to investors, dividends once or twice a year, the property and vote in the AGM, in proportion with the shares that investors owns.

The Assets
Assets consist in cash-in-hand, property, stock of raw materials and work-in-hand less the liabilities of the company.

Nominal Share Value
Normally, all shares have a nominal value. The nominal sum of all nominal share value is the share capital of the company. Shares can be sold in the share market more expensive than the nominal value, according with the situation of the company.
There also exist another kind of share, call “A” shares. Normally these type of share enjoy most of the benefits of other shares, except that they can’t vote in the AGM. These nonvoting shares has a low price in the share market, and are unpopular between the investors

The Dividend and its Cover
The dividend is a part of the profits of the company paid to its shareholders. Not all the profits are paid as a dividend, normally a part of its stays in the company to make new investments or to pay future dividends. The cover of the dividend, is how many times the company could have paid dividends with all the profits.

P/E Ratio
When we divided the earnings between all the shares, we get the 'earnings per share' (eps). The P/E ratio measures how many years of earnings per share would be needed to pay for the share. As I said before, not all the earnings are paid as a dividend, so you will need a few more years to pay the share.

The Yield
The yield is an important measure of how is working the company. Normally is expressed after income tax, as a net percentage. Usually yields in each country are lower than the interest obtained by investment in local Bonds.

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