Hyve shares RI explanation in layman terms5 Jun 2020 03:17
Hi. I’m fairly new to trading shares so some of this is fairly new to me so please bear with me. On 20th April I purchased 15551 shares at 25.7218 pence per share totalling just over £4000. The shares subsequently dropped where I thought it was value to buy some more, so on 19th may I purchased 42368 shares at 14.1616 pence per share totalling just over £6000. So a overall £10,000 investment.
The share consolidation happened overnight and I had no awareness of this. My initial investment was showing its value at around £9000 in total from memory at close of business the day before the consolidation, however my share account shows the correct number of shares, but the value when it was recalculated is lower by almost £4000 that the value on the day before,why would this be is my question. I have spoke to my broker and they can’t answer me but are looking into it.
I have also had a line of nil paid rights added to my account of 13031 nil paid rights that show a significant value,but my broker told me not to worry about them?
I would really love some advice on this to fully understand my position if someone can please help in layman’s terms.
Anyway, thanks in advance.