Jump to content

Nvidia stock split and position P/L


rwat11

Recommended Posts

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...

Link to comment
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

  • Like 1
Link to comment
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

Link to comment

I went into history and then transaction details and found the original consideration price in USD and put that in as the book cost. Looks the same as before now.

  • Like 1
Link to comment

Ah so this was a stock split? I sold my shares just a few days before the 'split' and was shocked to see it crash so hard. Is there any indicator on the trade UI to show that it was 'split'?

Link to comment
14 hours ago, akaBruce said:

Ah so this was a stock split? I sold my shares just a few days before the 'split' and was shocked to see it crash so hard. Is there any indicator on the trade UI to show that it was 'split'?

Hi @akaBruce,

There is no marker or indicator on the chart or platform showing that there was a split.  You can find this information on the news or online. Otherwise for Corporate action such as Right issues, the Corporate Action team will send you an email with all the details and your options.

All the best - Arvin

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      16,590
    • Total Posts
      79,242
    • Total Members
      65,067
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Zouz
    Joined 29/11/21 17:06
  • Posts

    • Market data to trade on Tuesday: USD/JPY; CAC40; EZJ As the Omicron variant dominates headlines worldwide, Daniela Sabin Hathorn looks at the latest economic data out on Tuesday, including inflation and employment in Europe, and GDP and consumer confidence from Canada and the US. On the corporate calendar, earnings from easyJet (EZJ) will be the main focus as the recovery in European travel seems to be under threat once again. https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-tuesday--usd-jpy--cac40--ezj-211129
    • Watching the Covid winners on IG’s all-sessions trading     All the best - MongiIG
    • Reading the markets to establish what is sending trade in a particular way opens up opportunities that some may miss. Today it seems there’s a further leg up for drug companies that are in the business of finding the next vaccine. IGTV’s Jeremy Naylor looks at Pfizer, BioNTech and Moderna. https://www.ig.com/uk/market-insight-articles/watching-the-covid-winners-on-igs-all-sessions-trading-211129 Moderna (all-sessions) up for a second day       BioNTech (all-sessions), like MRNA, working on adaptive #Covid vaccine     Pfizer all time record high (all-sessions)
×
×
  • Create New...