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Codemasters

Im a bit confused/uneducated in the stock markets.  I opened one of those Freetrade accounts, which has served me well for its intended purpose.  Codemasters was a free share but it’s showing in my account as worth 0.00. Checked HL and it’s  showing as ORD GBP0.01.  Yet the quoted sell price is 375.00p and a buy price of 385.00p.  

Why, on the face of it, is it showing as a valueless share?

Comments

  • When you say Freetrade gifted you a free share, are you sure it isn’t a fractional share, such as 0.005 of a share? It’s very common for these trading app companies to split shares into smaller amounts for new investors, such as yourself, to participate in the stock market.

    The ‘ORD GBP 0.01’ bit is stating that they are ‘ordinary shares’ and their nominal value is 1p each, to save going into details this doesn’t mean much to you so I wouldn’t worry about it.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • masonic
    masonic Posts: 25,540 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 12 September 2020 am30 8:12AM
    Not familiar with the Freetrade incentive, but I think it is a free whole share they give away in the referral scheme. Perhaps there are extra hoops you need to jump through, or a wait time, before the share becomes available to sell at its market price?
    Edit: it does look like you can sell straight away, but proceeds cannot be withdrawn for 30 days. I'd suggest checking the price again when markets are open.
  • Albermarle
    Albermarle Posts: 25,968 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Im a bit confused/uneducated in the stock markets.  I opened one of those Freetrade accounts,

    It is like saying I can't swim, so I decided to jump in the deep end !

  • Im a bit confused/uneducated in the stock markets.  I opened one of those Freetrade accounts,

    It is like saying I can't swim, so I decided to jump in the deep end !

    I knew someone would come up with something these lines.

    Thank you for the two constructive replies.
  • dunstonh
    dunstonh Posts: 118,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I knew someone would come up with something these lines.

    And for good reason.    You dont know what you are doing but have really gone into the niche market where many people lose money.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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