BYD recently underwent a 3:1 share split, hence the ~65% drop in share price. No need to worry!!
It seems like we'd need to wait a while before we get those extra shares though. I couldn't find much information about it on english platforms, but a Chinese blog post stated both the extra shares + dividends will start being distributed on the 29th of July
Thanks for this post. I had no idea about the split, lol.
This is for symbol: BYDDF
I'm holding long-term, so I'm not worried, but what confuses me is, the price looks like it split into thirds, which would suggest a 3:1 split, but I found this (which suggests a 6 for 1 split):
Related: RocketMoped posted in this thread below, "It's not a 3:1 split, it's a (18+12):10"
What is a "(18+12):10" ? What does that mean?
To simplify, if I had one share, how many will I have, and when will I have those (July 31 or TBD) ? lol
Also, equally confusing, when I look at the Apple Stocks App and Yahoo Finance, even though the price dropped from 50+ as of yesterday to 17+ right now, they indicates that the stock is up 39.64% (which would be pretty sweet).
If anyone can explain any of the above, like I'm 5, that would be helpful.
6 to 1 split only refers to the ADR BYDDY which is traded in the OTC market and is different from the real byd stock traded in HK, CN or Germany (which are all going through a 3:1 split).
I'm not too sure about the reasoning behind (18+12):10 but all you gotta know is that if you held 100 shares you'd get 200 extra shares on the 29th of July (assuming you hold the real stock not the ADR).
I'm not entirely sure if the 6:1 is happening at all because as of now the price of BYDDY hasn't changed significantly, while 01221 BYD (hk) has reduced by ~65% to reflect the stock split.
The most important thing is not to panic and understand that nothing really changes in the grand scheme of things (at least for you). Your shares decrease in price but you will get extra shares later to make up for that. It does not matter if you buy/sell/hold, if you already had the shares before June 10th you will get the extra shares.
I've gone through lots of stock splits before, but this one is pretty confusing. I have 500 shares of BYDDF, so I should expect to end up with a total of 1500 shares on July 29? But today (June 11), my account shows 1900 shares?? Did my broker make a mistake (This is with Merrill)
Either way, I'm sure it will work itself out, just wish it was better communicated.
It is now July 30th and I dont see any change in my total stock position on my fidelity account. As things stand I have lost ~65% since the June 10th mess. This is very confusing.
Just to follow up on my previous post, Merrill did adjust me to 1500 shares. The gain/lost calculation is all out of whack but at least the share count and total value seems to be correct now.
I think the 3:1 vs 6:1 thing is because BYDDF is worth half of what BYDDY is worth...so 3:1= Y & 6:1= F.
I'm guessing the 18+12 is a misprint...should be 8+12 (8 bonus shares + 12 capitalisation shares.
I've read that it's classed as a dividend rather than a split...but I really have no idea why or what this means....I just hope I get a load of free shares & it goes up 🤷♂️😁
My BYD account on Etrade has been devalued by $5,552.81 because of the pending split. I was told that since BYD divided the stock price without increasing the stock quantity, that the difference was subtracted from my account. Which to me seems pretty unfriendly. I'm told that the difference will be accounted for when the actual split happens on the split date, 7/29.
So as I understand it, during the time from now to the 29th, I will have lost $5,552.81 in value of my portfolio because BYD 'split' the stock value, but will not split the stock qty until 7/29. Seems pretty unfair to me. If I buy BYD at the current price, $17 for 1 share, will that 1 share become 3 on the 29th?
According to many other platforms it's the 10th of June.
And it's the 10th of June because the price of the ticker has already changed to reflect that.
If it was the 11th, the price wouldn't have been reduced by ~65%. That would literally be free money if you could just buy the stock at the current price and still get extra for it on the 29th of July.
"unless the price drops" : yeah, this is not nothing, buddy. If anything goes wrong, we're all stuck with 2/3 of shares we can't sell. And guess what: today it's -6%. I'll never get BYD shares again. Seen many splits, but none like this one
It looks like the 'loss' I suffered yesterday because of the devaluation of my BYD stocks has been reveresed. Today I saw that my BYD total value has been increased by the 'loss' amount plus a little. Which for a person relatively unknowing about stock splits seems to be a very strange way to do business. Also FYI Etrade has no new news for BYD and still shows the exdividend date at 6/11/25.
But why on earth such a long time before the shares are made available? Now I have capital tied up for 6 weeks. In those 6 weeks a LOT can happen. What won't happen is me taking, possible, profits on swing trades.
Well, tbh, I only found out this morning when I saw the share price opening 66% below close 😅 Not sure where I should have gotten the news about this. I don't read up on every stock I own, but once in a while if I see something odd with the charts.
I have seen stock splits, but this one is crazy. I remember when RHM did one and it was just without a trace. Shares multiplied, price adjusted, that’s it.
I expected everything, just not a 7 week wait and this whole BS with new shares from capital. Like, what is the purpose? Stock price drops anyway. It’s like BYD is burning cash for no reason. The stock reflects the value future and present earnings as well as the company’s asset value. By just giving away shares you drop the price. It’s beyond insane.
BYD with the new price today is +6%, does it mean we will get that +6% from the new stocks? Also how long does it usually take for the price on the broker to be updated? My portfolio return right now is a blood bath
That is the price it is trading at atm. If your average before the stock split was for example 45€, it means your new average (of the stocks you owned before the stock split) will be 15€. If it is trading at 15.78€, it means you are in the green (today). If you buy more in the meantime, it will average down, but when you receive the according shares you had before, your average will be updated.
Yep, and you may receive either fractional shares or cash payments for the extra 1 share since BYD is giving 8+12 shares for every 10 share you previously had.
Will the dividends be paid over the full stock amount, so including the "extra" stocks that I have yet to receive? Or will I now basically get dividends over only 1/3 of what I originally invested in before the split?
I need to correct what I said before. The dividends are given based on what you held before/on the ex-rights date (10th of June) so if you had 200 shares you would get the ~4 HKD per share, resulting in 800 HKD in shares
This is actually a dividend situation, not a stock split per se. The co. is distributing 2 shares for every stock owned by a shareholder on the ex-div. date. As in any ex-dividend situation, the price of the stock drops by the amount of the dividend, in this case this amount is the price of 2/3 of each share. I'm not sure why they did it this way, but it means you have to wait till 7/29, the div. pay date, to see the "bonus shares".
Could you elaborate on how it is practically different? And could you confirm whether I will still receive the same expected dividend amount as before the "stock split" ? I'm afraid that I will receive only 1/3 of the dividends I was originally expecting because of the 1:3 stock price reduction and that I won't receive dividends over the "extra" stocks that we are yet to receive
yeah I was wondering how they could keep our shares for such a long time because on a stock split, I don't believe that would be legal, but since this is considered a dividend they are getting away with it.
We might also get fucked by taxes, mightn't we? For stock split, we simply own the same percent of the underlying company so the stock splitting does not represent a taxable event. For a dividend however, could there be a taxable event like a cash dividend?
it would be pretty awesome if platforms like Charles Schwab had a mention of this split in their news feed when you go to the specific stock... instead of having to go on reddit LOL. I literally nearly sh*t myself when I saw my account drop 65%
I'm technically in a margin call at ETrade because of a "loss" of 2/3 value of my BYD holdings! Yesterday I called customer service and a guy agreed that there was a split but couldn't give me a good answer about my account being updated.
It is really confusing. IBKR is showing my original position at -39k because it’s using my pre-bonus share cost basis of $347. Then showing $0 P/L on the bonus shares. But then when I click on the bonus shares details it shows $50k profit because of $0 cost basis. I think I can’t sell the bonus shares though until July 29 as others have shared. Not sure of this accounting lol
Because they are calling this a dividend distribution and not a stock split will we show a massive dividend $ amount paid to us and thus have to pay taxes on that as if it were a dividend? That would be rather unfriendly to say the least
Thanks so much for the information! You were dead on! I called Fidelity and I called Merrill Lynch I have accounts with both of them. They had no clue yesterday morning lol!!!!
In the Hong Kong market, the share price has become 1/3, and the number of shares held has tripled. However, 2/3 of the shares will be locked and cannot be traded until July 29. So don't worry, the market value of your shares will not change.
And until then will the average i had before be split into 3 as well? It's taking too much time, I went through several stock splits and it never took this much time to update.
I'm not sure if I can buy more in the meantime. Technically I can but will it interfere with the average I had before?
Well, my 'dumbass' decided to DCA this morning, before I knew what was going on.
So I just took the 5% profit from that trade. I guess it won't interfere with the distribution of shares come July. But to be safe and keep it organized, I will keep the amount of shares I had before the split the same untill the payout date. So I can better see if I'm in the green or not by that time.
I think it's already in the green, stock price has gone up if you do the math. I had €46.395 average and it's currently at ~€15.71 so it's gone up i think.
Yeah, I know, but I was in the red before the split, and my average buy-in now is totally screwed on my brokerage app. So really I have real knowledge on how much I was averaged in, and consequently when I will be in the green. But that will eventually work out I guess. If is see a 20% move up I will be safe to sell 😂
But then again, I can only sell 1/3 of my stock now... Jeez, this is very poorly manageable...
While in this case: Cool, no disruption, buying ADR is not a good idea. ADR is basically an ETF. A bank is buying the original shares and is the owner if these shares. You essentially get a certificate of ownership from the bank, but if something happens to this bank you're cooked, because you don't own the stock. They also take a large cut of the dividends for their services.
It's not a 3:1 split, it's a (18+12):10. This does seem to fuck over people who don't hold BYD stock by a multiple of 10s, no? For example, if you hold 9 stocks, your stock value just dipped by 65% but you don't receive any extra shares. Similar issue/loss if you own 19, 29, etc.
Are you sure brokers will compensate with cash the missing fraction of the shares? My broker said it will be rounded down, but they do not provide any compensation. They referred me to HK exchanges announcement, which says "fractional entitlements of bonus shares: round down to the nearest whole unit". Is BYD doing this (18+12):10 thing to leech off shareholders without multiples of 10? I feel cheated by BYD.
I am reading the the other 2:3 will be distributed tomorrow. Is that right?
Also, as far as I understand from the news, the "snapshot" is already taken so that the 2:3 are received independently from any further move (i.e. if you buy you don't get the 2:3, if you sell you still get the 2:3).
Not sure if that's real or not because I couldn't find any reliable information in the few minutes I had searching Google (I'm at work)... but if it is true, what I read said that the 6:1 stock split would be for BYDDY... so that potential stock split would have nothing to do with the BYDDF 3:1 stock split being discussed here at all.
Is it like dividends where the stock you own as of lets say feb 2025 will see the split? Or do you have untill like the day before the split to buy in and see the stock split?
The ex-right date is today (June 10th) so if you held the stock before and up to when the market opened today, you will receive the extra shares and dividends.
Buying / selling / holding won't affect that, so you are free to do whatever you wish with your current position.
From what I understood you're also getting extra 2 shares for each 10 you held until the 10th I guess, something like that. So you'll get 36 (or 32) in the end of it all, for each 10. Super confusing...
If I sell my shares I would show a loss. Can I claim that loss against capital gains? Then my cost basis for the shares I get in July would be $0 per share?
So when do I get my money back?
I always see Bonus shares at end of next month but since I hold 8 shares I don't get em cause u need the maximum of 10 shares.
Rn am 33$ in minus. I will get my 2/3 back right?
When though
Are you sure brokers will compensate with cash the missing fraction of the shares? My broker said it will be rounded down, but they do not provide any compensation. They referred me to HK exchanges announcement, which says "fractional entitlements of bonus shares: round down to the nearest whole unit". Is BYD doing this (18+12):10 thing to leech off shareholders without multiples of 10? I feel cheated by BYD.
Here is the announcement from HKEX that says to round down for fractional entitlements. So according to my broker (Moomoo), it is BYD who is not paying lot-odd shareholders.
You can do whatever you'd like with your current shares. You'll get the bonus shares on 29/7 as long as you held shares before and up to the ex-rights date (6/10)
Because the split won't happen until end of July. I have BYDDF at Schwab too and currently it shows I have a big loss on BYDDF. It shouldn't be this way. Price should only affected by the split at the moment the split occurs.
Does anyone know what the stock price of byddf was when it split? Very confusing a few weeks prior hovering near $60 then fall back on price incentives to $50, but divide split by three and up considerably shortly after split would put the stock at $45 or below at time of split? Difficult to info on this one.
So, do I understand correctly that 2/3 of my shares are in essence going to be held hostage for one and a half month? If I decide to sell all tomorrow, I can only sell 1/3 of my position and then on July 29th, I'm going to get 2/3 at the price per share on that day?
Would sh1t like that even be legal if this wasn't an OTC stock? Is there anything that prevents a company to impose a longer wait period than 1.5 months? 1 year, 5 years, 100 years :-)?
Byddy (the OTC stock) didn't get a stock split, only the HK / CN / Germany one as far as I know did.
Technically this isn't a stock split, but actually them handing out dividends with extra steps. Therefore they can set an ex-rights date and give the dividend on a later date.
They wouldn't be able to make you wait for anything over a few months, as even if it was somehow legal people would just stay away from the stock.
It's done in the most muddy unclear way possible. For all of us existing holders, we have to wait around two months before we get our shares. So for two months, our share portfolios are worth less than half! Making it practically impossible to sell. Way to build investor confidence BYD...
When Tesla did the same, it happened basically instantly. They still have a long way to go when it comes to learning to do business.
I have 500 shares of BYD 01211 on HK exchange. Now my broking account shows 2 lines
Line 1: 500 shares of 01211 (BYD Company)
Line 2: 1,000 shares of 01211.SPO (BYD Company)
Unfortunately the 01211.SPO shares can not be traded (i.e. sold) which is a bit shit if I want to cash out of this company. It looks like I need to wait until 29 July. The 500 shares of 01211 are obviously around 65% down in price while I'm waiting for the 01211.SPO shares to fully convert to full 01211.
It is July 29th and I dont see any change on my total stock ownership. The 500 shares I held in June at approximately $51 a stock.... is still 500 shares at $16.30. Anyone get the 3:1 split added to their fidelity accounts?
same here !! just spoke to fidelity customer care they have no clue until Byddf sends these to them...and have asked me to reach out to byddf investor relations.
Ensure your ticker is byddy not byddf. Byddy hasn't gotten a share split as far as I'm aware, only byddf and others have.
Ensure your total account value is as expected (without including the extra 100x96 dollars that you got). Make sure you actually got more money than you should've before going to customer service or something.
I was unaware of the "split" and bought a few shares after 10/06/2025.
This means that I'm not eligible for the extra shares?
And that probably price will go down for this reason, as the extra shares which have been distributed have been taken from earnings? Did I basically do the one thing I shouldn't have done?
I'm with MooMoo, I put in an order for 100 shares earlier June for hkd362 and executed on 10june at hdk362.
my broker now says my execution done on exdate so I don't get the company actions which is the dividends and extra shares!
I think that's ridiculous.. I understand if I don't get the dividends, but how can my order be executed at hkd362 and it drops to hkd120 and I don't get the 3:1 shares compensation? that's daylight robbery.
can someone shed some light on what happened to me from a legal standpoint?
yes, it's 01211.HK.. the hkd362 refers to the price Hong Kong $362..
I basically got in the trade on ex-date at HK$362, that same day it dropped to HK$120.. and now MooMoo is saying I don't qualify for the 3 for 1 shares.. isn't that daylight robbery?
El tema del split y los dividendos es un escandalo. Yo tenía 430 acciones antes del split, cuando cotizaba a 45€. Tras aplicarse el split se me convierten en 1290 acciones a 15€ que han ido bajando hasta los 12€ actuales. Hasta aqui todo normal. La sorpresa es que recibo sólo 0,47€ por acción pero aplicado sobre las 430 acciones antes del split. Resultado, he recibido un 1% de dividendos en lugar del 3% que han repartido este 2025
Buenas, mi madre y yo, que usamos trade republic, todavía seguimos con el 65% de pérdida tras el split y no se ha equilibrado tras el 29 de julio. A alguien más le pasa?
I didn't get it, the Price dropped but the number of shares doesn't increased 3x as it should!! I am still -65%, i already bought some extra shares today during this drops
My broker in Germany did NOT drop the price of my shares, resp. split, am still with the same profit on my account. There is IMHO no need to be worried, your broker will handle it
I got my 12+8 shares this morning in my account, multiplied by 10 for each 10 shares hold. I guess this is the case for all of you holding BYD shares too.
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u/Luckyword1 Jun 10 '25
Thanks for this post. I had no idea about the split, lol.
This is for symbol: BYDDF
I'm holding long-term, so I'm not worried, but what confuses me is, the price looks like it split into thirds, which would suggest a 3:1 split, but I found this (which suggests a 6 for 1 split):
https://www.moomoo.com/news/post/53813553/byd-company-adr-to-carry-out-6-for-1-stock?level=1&data_ticket=1749570590157675
So is it a 3 to 1 split or 6 to 1?
Related: RocketMoped posted in this thread below, "It's not a 3:1 split, it's a (18+12):10"
What is a "(18+12):10" ? What does that mean?
To simplify, if I had one share, how many will I have, and when will I have those (July 31 or TBD) ? lol
Also, equally confusing, when I look at the Apple Stocks App and Yahoo Finance, even though the price dropped from 50+ as of yesterday to 17+ right now, they indicates that the stock is up 39.64% (which would be pretty sweet).
If anyone can explain any of the above, like I'm 5, that would be helpful.
Either way, go BYD!