and who would that be ? Robinhood for starters will split fractionsā¦in germany i know Comdirect will also split fractionsā¦
Btw I am amazed how many people swear on long term and tesla yet this topic about whether to sell or hold till split, few percent up/down is drop in the sea over 10-15 years.
Hold, rebuy, wait 15 years , profit(??)
Robinhood liquidates any left over fractions, so if you end up with 4.4, they liquidate the .4 which Iāll admit is better than just not dealing with the fractional shares at all. Revolut and freetrade both do handle the split for fractionals.
It seems like older brokers are generally the ones that will work the same way as T212, so Iām actually wondering if this is because itās how IB do it.
sure that is the reason, as IB is the underlying broker in T212. And IB only has fractionals since sometime this yearā¦
shall we start taking bets on how much you will loose doing that ?
I wonāt lose anything, aināt crazy to be long tesla on this valuations.
hahaha for sure notā¦but sell and rebuyā¦no worries lets see what happens. iāll make sure i have now .9 or something like on Apple or Tesla
battery day Sept 15 so expect more increases.
how to increase your share price 101: firstly do a split, then creating events with lots of hype doesnāt hurt either.
Was thinking the same.
will this include CFD TSLA positions? how will fractions within CFDās be treated? apologies if this has been answered
Still havenāt sold my half share yet! Possibly today or late tomorrow in anticipation of a sell off of holders in teh same boat.
In the same boat here. Iāve not looked at the cut-off date(s) yet, and canāt say Iāve seen them in any other comments either. Did we ever find any clarity from @Team212 why they canāt split the fractionals, when it would seem some others can? Or is just speculation and rumours?
Registration date is Friday I thought.
I need to just learn to Google more often!
Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
So yes, you are correct!
Thatās what I did.
Yes, but less than 0.01% on the fx. So if you have 0.9 TSLA share to rebuy as 4.5 you might lose around $1 on the buy/sell spread of the share price. I donāt think anyone should be bothered by that.
So as August 21st is the Ex date, does that meant that on market opening on the morning of the 21st the Stock price will divide by 5?
Not sure how itāll work for anyone purchasing in the interim week. Unless trading is suspended, but that seems highly unlikely for a week-long period.
I will shed some light below:
If you sell TSLA shares after the record date of Aug. 21 for TSLA but before Aug. 31, you will sell them at the pre-split price. You will not be entitled to the split shares. For example: If on the last business day of trading TSLA, Aug. 28 you sell 100 TSLA shares for a pre-split market price of $1,600 per share you will receive $160,000. You will not receive any split shares.
If you buy TSLA shares after the record dates but before Aug. 31, you will purchase shares at the pre-split price. Following the split, you will receive the additional shares resulting from the stock split. For example: If on Aug. 26 you buy 100 shares (and hold them through the open on Aug. 31) at $1,600 per share, you will pay $160,000. You will receive 400 additional shares after the stock split, and the price will be reduced to the post-split price.
In a nutshell, the price will be divided by 5 on the 31st of August. If you are holding the stock before that (28th of August) you are eligible for split shares.