Hi, I am currently learning value based fundamental investing and so I'm studying Annual Reports. What I am struggling to do is to find the total number of shares on issue by extrapolating that data in the Annual Report (so I can figure out the total shares at any given year from the respective year's Annual Report).
What I currently do is look at the financials in the Annual Report under diluted EPS. Then I go to the notes section to see what number of shares were used to calculate the diluted EPS. Is this a correct value to use?
What I am trying to do is to get a basic idea of what the market perceives the price of the company to be (ie, current share price X total shares) of any given year.
I also made a thread about this in the Trade Strategies / Systems forum, but I think I put it in the wrong forum. Given that I cant delete it, I decided to make another one here.
A reply I received in that thread says that total shares issued is common data, but I need to find out how to extrapolate it from the annual report so I can asertain the value on any given year. If anyone has any ideas, please let me know.