Bankers Investment Trust (BNKR) What went wrong?

mazibee

Please can someone shed some light on Bankers Investmnet Trust as why its 89.92% down.

I used to to watch it on the HL platform but today unfortunately its not appearing on  the site.

Thanks in advance.

Croeso69

mazibee said:

Please can someone shed some light on Bankers Investmnet Trust as why its 89.92% down.

I used to to watch it on the HL platform but today unfortunately its not appearing on  the site.

Thanks in advance.

A 10 for 1 share split. You had 100 shares on Friday worth £10.62 each so you have 1000 now worth £1.07 each (£10.70 in old money).

Share price effectively unchanged. Up from £1.062 to £1.07.

Alexland

Nothing has gone wrong - the board decided to split the shares to make them more easy to trade at lower values and each shareholder was given 10 new ordinary shares in exchange for their old ones.

NedS

They did a 10:1 share split today

mazibee

@Alexland

@Croeso69

@NedS

Thanks everyone for the clarification, I thought the trust has gone bust or something like that????

Any site where one can check the upcoming board meeting and the news like these spits , rights etc

Croeso69

mazibee said:

@Alexland

@Croeso69

@NedS

Thanks everyone for the clarification, I thought the trust has gone bust or something like that????

Any site where one can check the upcoming board meeting and the news like these spits , rights etc

http://www.investegate.co.uk

e.g. https://www.investegate.co.uk/bankers-investment--bnkr-/rns/result-of-agm/202102241002171910Q/

aroominyork

It's curious the price on HL etc. doesn't take into account the share split and reflect the value of the holding. (Cue explanation from bowlhead, though he seems to have taken leave of absence.)

Thrugelmir

mazibee said:

@Alexland

@Croeso69

@NedS

Thanks everyone for the clarification, I thought the trust has gone bust or something like that????

Any site where one can check the upcoming board meeting and the news like these spits , rights etc

Log onto the London Stock Exchange website. You can then select to be emailed RNS releases for any given stock . 

george4064

aroominyork said:

It's curious the price on HL etc. doesn't take into account the share split and reflect the value of the holding. (Cue explanation from bowlhead, though he seems to have taken leave of absence.)

It’s pretty common across websites on the first day of the share split that the % day change is comparing the pre-split vs post-split share price, around -89% drop.

The % day change formula is typically previous days closing price vs current price, so once we enter the 2nd day of post-split the % change will be back to normal as previous days close will also be post-split now.

jaybeetoo

I was notified in advance by interactive investor.  I’m surprised HL didn’t do the same.

AnotherJoe

aroominyork said:

It's curious the price on HL etc. doesn't take into account the share split and reflect the value of the holding. (Cue explanation from bowlhead, though he seems to have taken leave of absence.)

Unsurprising unfortunately. 

A couple times now I've had my regular report from HL, which told me how much money I'd apparently lost on Apple and (IIRC) Tesla due to their shares falling in value when actually there had been a  share split and I was hugely up. TBF their charts do usually deal with splits appropriately, maybe they just havent caught up to bankers yet?

It seems their automated system within their reports that calculates gains and losses simply does not take into account splits (and I would guess reverse-splits  although they are rarer) 
HL though do notify you of splits and other similar investment news so I wonder if you don't have alerts set up or are missing them in your email?