The curiously named Japanese mobile phone company NTT DoCoMo is floating on the Japanese stockmarket and will be worth a whopping Y7.5 trillion - or £37.5bn in old money. That compares with £20.5bn for Vodafone and £5.6bn for Orange.
But it’s not just the market value that’s huge. The share price itself is Y3.9m – that’s £19,500 a share! It makes the occasional plea at UK agms for a scrip issue because an £8 share price is “a little heavy” look a little ridiculous. Has DoCoMo got the biggest share price? No, that honour resides with the company headed by America’s second-richest man, Warren Buffet. Berkshire Hathaway, the investment vehicle-cum-conglomerate, hasn’t had a share split or even paid a dividend in 35 years. Its shares are priced at $63,000 – £37,000. If you see Sid, tell him not to bother.
Leave a Reply
You must be logged in to post a comment.