10Mon·

Can anyone tell me why Mitsubishi Heavy $7011 (+1.33%) is down almost 90% for me today? Was there a stock split? I can't find anything about it on the Internet.

7 Comments

Daniel@danielsofficial

10Mon

MHI announced a 10-for-1 stock split effective April 1, 2024. This action aims to lower the bar for investors to purchase the company's shares and thereby to expand the company's shareholder base

However, I can't tell you why this is a few days earlier

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MrMister@MrMister

10Mon

@danielsofficial Thank you for your comment. It is already stored at Zero. Which really let my performance rattle down. :)
Where did you find the information?

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Daniel@danielsofficial

10Mon

@MrMister Yes, that's understandable, it was the same with my Nintendo position back then. It makes your head spin at first 😅
Here is the link: https://www.mhi.com/news/24020602.html
Just search for the word "split" and you'll quickly get to the site

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Zoro@RoronoaZoro

10Mon

@MrMister Directly on page 3:
https://www.mhi.com/news/pdf/fy20233q_press_release.pdf

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MrMister@MrMister

10Mon

@RoronoaZoro I really overlooked that. I knew that stock splits are relatively common in Japan. With 8% MHI in my portfolio, I was worried for a moment.

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MrMister@MrMister

10Mon

@danielsofficial How long did it take you? As a rule it is 1-3 days. However, I don't know for Japanese shares

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Daniel@danielsofficial

10Mon

@MrMister What exactly do you mean? That the courses are adjusted? That usually takes 1-3 days :)

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