In post #9 Alex Sherwood (then of the Marketing Team) said, “… we’re basing it on the number of purchases here.”. I took that to mean number of transactions, rather than volume of shares. He follows up in post #11 to sort of explain. If my understanding is right, 30 transactions each of 1 share of Sirius Minerals (totaling ~£1.67) will be weighted 30 times say £10,000 of shares bought in 1 transaction. The fact that Sirius Minerals is still second, highlights the problem with this approach.
Could people being thinking they are getting the shares at £0.05 (the price shown in the app), with the expectation of geting £0.055 at the buy out?
That’s a good point on people perhaps thinking they are buying at 0.05p.
Definitely why shares should be listed to 4dp after the £ imo but I’m sure in time it will come. For now the team are doing great on bringing forward the key features and invest platform improvements
I don’t know why Lloyds is always so popular with UK investors on every platform. We’re in a low interest rate world, so why buy into legacy banking stocks?