Aston Martin automatically Sold/Bought

[GateheaD]

Hi,

I received an email saying I had sold thousands of shares in Aston Martin and then purchased back hundreds, I'm unable to find any information about what is happening.

I assume there is some price consolidation or something however I am not being kept in the loop, people generally like to be kept in the loop when you automatically do things with money.

 

Thanks 

[CharlotteIG]

10 hours ago, GateheaD said:

Hi,

I received an email saying I had sold thousands of shares in Aston Martin and then purchased back hundreds, I'm unable to find any information about what is happening.

I assume there is some price consolidation or something however I am not being kept in the loop, people generally like to be kept in the loop when you automatically do things with money.

 

Thanks 

Hey, 

Thanks for your first post. 

We don't inform clients of stock consolidations/ splits because the outcome is the same. The stock will be consolidated and by the same about the price will be adjusted. 

However, we've had some other community members asking about this so I will pass the feedback on that in the future can it be possible to send an email about stock splits/ consolidations. 

Details of the stock consolidation: 

Please be informed that Aston Martin Lagonda Global Holdings PLC will be having a Consolidation/Reverse stock split event on Monday 14/12/2020 at terms 1 for 20. As a result we will be doing all the necessary bookings pre market on the 14/12 for Leveraged and Non Leveraged accounts. All stops and limits will be amended accordingly and Working Orders deleted pre market as well.

 

All the best 

[Guest MartinAston]

ASTON MARTIN LAGON underwent a 1:20 reverse split, hence the difference in stocks sold vs. bought. Stock portfolio should be the same at time of transaction.

[gumis1212]

I have the same situation and the problem is on my statements they change the quantity of shares but the new share price is 0 and it shows that I have a gain of all the value of my Lagonda stock which is not true. I do not know how it happened but it will give me a lot of problems with my annual tax report. Where should I report it, please? 

Edited May 22, 2021 by gumis1212
writing mistakes

[CharlotteIG]

On 22/05/2021 at 14:25, gumis1212 said:

I have the same situation and the problem is on my statements they change the quantity of shares but the new share price is 0 and it shows that I have a gain of all the value of my Lagonda stock which is not true. I do not know how it happened but it will give me a lot of problems with my annual tax report. Where should I report it, please? 

You can amend the booking cost on the platform by clicking in that column on your open positions for Aston Martin. 

If you're not sure what to amend the booking cost to you can email us and say Aston Martin underwent a stock consolidation, can you please amend the booking cost based on what I bought the original shares at. They will then be able to amend the price to reflect the correct profit/ loss. 

All the best