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Nvidia stock split and position P/L


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Hi, Nvidia split their stock yesterday (20th July) and I can see from IG transaction that my existing shares were "sold" for 0 and 4x the position in new shares were "bought" also at 0.

This all looks fine, the problem is that now my portfolio looks like I've made a huge profit because the shares are priced at zero - this makes it annoying to work out my real P&L as I cannot rely on the dashboard.

Is there a way I can override the purchase price for a position to fix this ? I'm a bit suprised IG's profit and loss is as rudimentary as this...

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1 hour ago, rwat11 said:

Hi, Nvidia split their stock yesterday (20th July) and I can see from IG transaction that my existing shares were "sold" for 0 and 4x the position in new shares were "bought" also at 0.

This all looks fine, the problem is that now my portfolio looks like I've made a huge profit because the shares are priced at zero - this makes it annoying to work out my real P&L as I cannot rely on the dashboard.

Is there a way I can override the purchase price for a position to fix this ? I'm a bit suprised IG's profit and loss is as rudimentary as this...

Hi @rwat11,
Once a company undergoes a corporate action such as a stock split, the Corporate action team will make the changes on your account. They will sell and buy the shares at 0 because the system is design that way.

Once completed you will have to edit your book cost by following the steps of this link here.

Once edited you P&L will be adjusted correctly.

I hope that it helps !

All the best - Arvin

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18 minutes ago, ETHANCHUNG1 said:

Is it possible to get the original pricing spent against this, having a bit of difficulty recovering the previous details

Sure. Please send us a request to update your book cost to helpdesk.uk@ig.com and we'll do it for you.

Thanks,

Jakub

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