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Hargreaves not responding to stock split

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FrankR
FrankR Posts: 140 Forumite
Fifth Anniversary 10 Posts Combo Breaker
edited 30 June 2021 at 10:44PM in Savings & investments
One of my stocks TRCH split around 28th June.
Hargreaves Lansdown has not updated my stock to meta materials.
'n/a' next to my stock in my account and no value or price...
I sent a message few days ago about it. Not had a reply yet...Guessing they are just busy...?
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Comments

  • FrankR
    FrankR Posts: 140 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    How much longer would you give them...? 
    I have not dealt with stock split before so don't know what to expect.
  • dunstonh
    dunstonh Posts: 119,634 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It can take several days. 
    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.
  • FrankR
    FrankR Posts: 140 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    edited 30 June 2021 at 11:08PM
    dunstonh said:
    It can take several days. 
    Ok. 
    Do they also delay due to chance of a short squeeze to reduce risk as the stock was popular and is heavily shorted..?
  • FrankR
    FrankR Posts: 140 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    The price has fallen over 20% so I'm not selling anytime soon... It's more of a long term hold but they should update it asap as it's bad for the investor!!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 June 2021 at 11:16PM
    No doubt there's paperwork to be completed and a process to be followed. You won't be the only holder of the stock on their books. If the stock split on the 28th , Today is only the 30th . That's just two working days.  

    With admin support staff working from home. Probably not a seamless process as it should be either. 
  • FrankR
    FrankR Posts: 140 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    edited 30 June 2021 at 11:43PM
    Thrugelmir said:
    No doubt there's paperwork to be completed and a process to be followed. You won't be the only holder of the stock on their books. If the stock split on the 28th , Today is only the 30th . That's just two working days.  
    I'm not sure if the merger was 28th or 30th..?
    I had a £10 buy position on trading212 and it updated instantly on the 28th with no paperwork... 

    Do Hargreaves have T&Cs about stock splits?
     
  • FrankR
    FrankR Posts: 140 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    edited 30 June 2021 at 11:46PM
    When I type MMAT into Hargreaves Lansdown stock search meta materials stock is not listed... 
    MMAT is not on their stock database. Is this why 'n/a' show on my portfolio?
    Will they add it soon...?
    What if they decide not to list the stock for all investors..? Will I lose my money...?
  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    FrankR said:
    Thrugelmir said:
    No doubt there's paperwork to be completed and a process to be followed. You won't be the only holder of the stock on their books. If the stock split on the 28th , Today is only the 30th . That's just two working days.  
    I'm not sure if the merger was 28th or 30th..?
    I had a £10 buy position on trading212 and it updated instantly on the 28th with no paperwork... 

    Do Hargreaves have T&Cs about stock splits?
     
    What type of buy position did you initiate via Trading212? Most likely you bought synthetic exposure to the stock rather than physical equity, which is what you have with HL, hence why processing/settlement time is faster for synthetic trades.
    "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%)
  • ColdIron
    ColdIron Posts: 9,818 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    edited 1 July 2021 at 10:35AM
    MMAT is now showing in the search function as : Meta Materials Inc USD0.001 B (it wasn't a couple of days ago)
    If you select it it shows:

    Market data not available

    Unfortunately, we do not have a current market price available for Meta Materials Inc USD0.001 B. In order to obtain the current price, or if you would like to trade this stock, please call our dealing team on 0117 980 9800.

    Have you tried phoning them? Their customer service is quite good

  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    How accurate are share platforms in general? I look on HL all share, risers and fallers. My shareholding of I3 Energy is not listed despite a 30% increase this week.
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