Glossary
PER
Price-to-Earnings Ratio, the stock's price divided by it's current or estimated EPS. It can be used as a measure of the attractiveness of a particular security versus other similar securities.
Portfolio
A collection of different investments held by an investor.
Preference share
Shares that take priority over a company’s ordinary shares for dividends and any distribution in the event of liquidation. Dividends are usually referenced to a fixed or floating interest rate and can be franked or unfranked.
Privatisation
The alteration of the legal and managerial structure of a government body to permit private equity holdings or outright ownership. This occurred when companies Telstra, Qantas and Commonwealth Bank were listed.
