S.A.U. · 2024-12-18T19:10:11.322449Z

@SAUgut77

1Mon·

⚠️Die The following instruments on the Frankfurt Stock Exchange have their last trading day on 18.12.2024⚠️

ISIN Name:

USY384721251 HYUNDAI MOT.0.5N.VTG GDRS
$HYUD

S.A.U.

@SAUgut77

1Mon·

⚠️UPDATE DELISTING $HYUD (18. to 19.12.2024)⚠️

Even though it was one of my favorite stocks in the portfolio, I sold my entire position today with a heavy heart...

...The reasons for this are the DELISTING of the share from one day to the next and the continuing uncertainties about the GDR program despite research.

https://www.research-tree.com/newsfeed/article/hyundai-motor-co-notice-of-intention-to-delist-gdrs-2600152

Even though I believed until the last minute that there were still ways to keep my position tradable, I have to realize today that it will no longer be possible.

Last state of affairs:

No longer tradable via Gettex today!

still tradable via L&S until 11:00 pm today, delisted as of 7:00 am tomorrow !

via Traderepublic still tradable until 22:00 today, delisted as of 8:00 tomorrow !

Since I run via Smartbroke+ my hope was still on Baader OTC...

Over-the-counter or OTC trading refers to trades that are not carried out on a traditional stock exchange, i.e. over the counter. Most OTC trades take place between two parties and are processed via a dealer network.

...but there has been no qualified statement from Baader Bank to date, which is why I ultimately liquidated my position.

This means from tomorrow 7:00 or 8:00 am (CET):

Any existing securities account positions can therefore no longer be traded regularly or as usual.

All positions have a transitional period until 06/2025, by which time they can be exchanged for original shares at a ratio of 2:1. $005380 but so far there is no provider with KRX approval (possibly Interactive Brokers).

Otherwise the shares will be booked out or withdrawn in June 2025, depending on the price.

Conclusion:

Hyundai remains one of my favorites in the automotive sector, even though Hyundai is much more than that, but the chapter of my favorite stock has closed for the time being and I am now looking forward to the upcoming spin-off of Boston Dynamics (approx. 06/2025) to the Nasdaq.

26 Comments

S.A.U.@SAUgut77

1Mon

@Lorena @Pascal_B @RABINATOR @Alexander_Bitcoin @Der_Dividenden_Monteur @InvestIverFun still hope for timely information 🤷‍♂️🫡

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Enrique@Dividenden_Monteur

1Mon

@SAUgut77 that hits me a bit now, I actually wanted to get back in this month 🥺
Then maybe I'll take the expensive maxblue route to trade on my home exchange...

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Pascal_B@Pascal_B

1Mon

@SAUgut77 So should I sell everything today? Edit: I'm probably too late 😖 Couldn't sell it via SC now (or seems to be on hold). Very annoying (to put it nicely) that SC doesn't inform about it 😡

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S.A.U.@SAUgut77

1Mon

@Pascal_B What can I say now, the first press release contained the advice to check with your broker....

Of course it's annoying and also somewhere clear that there aren't the biggest buyers for the share on the market.

Have you ever tried to lower the price by 10 or 20 cents 🤷‍♂️

I sold mine quickly today via TR, although I also run via S+ and therefore still had many more options than with SC.

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S.A.U.@SAUgut77

1Mon

@Der_Dividenden_Monteur sure that maxblue offers Korean shares or offers them as a depository, after all they must be KRX capable ?

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Pascal_B@Pascal_B

1Mon

@SAUgut77 It is what it is... I didn't realize it because of all the stuff going on here and there. Still, it would have been great if SC had informed me about it. You learn best from mistakes and carelessness 🥸

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S.A.U.@SAUgut77

1Mon

@Pascal_B sorry, thought my info was still coming in time and the baby hasn't quite fallen into the well yet 🤷‍♂️

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Enrique@Dividenden_Monteur

1Mon

@SAUgut77 yes, you can buy there on your home exchanges.
Or I will probably buy via captrader, as the fees are lower, and then move to maxblue. Maxblue is tax-simple and with Captrader you have to take care of it yourself.

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S.A.U.@SAUgut77

1Mon

@Der_Dividenden_Monteur thx 👍

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Enrique@Dividenden_Monteur

1Mon

@SAUgut77 So you can still trade with Scalable and you can also set up a savings plan 🤔
I have now set up a trial savings plan for 10€, let's see if it will be executed next week

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S.A.U.@SAUgut77

1Mon

@Der_Dividenden_Monteur I have now had a look at maxblue's website and there is no mention of KRX or Korea as a trading venue 🤷‍♂️

And Scalable was previously the Gettex platform (definitely delisted), but is now doing a new thing with Deutsche Bank, but I can't find anything there that indicates that....

So if you get or have more info please keep up to date 👍😉

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View all 2 further answers

Hubert P.@Hubert_1976

1Mon

BaFin notification due to TR not complying with Hyundai's duty to inform is out.

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Michael@FireSale

1Mon

Thank you for your posts. Otherwise I wouldn't have found out. Very bitter, especially as it wasn't that long ago that I invested. Unfortunately, I've now sold with a small loss. When I posted the purchase, someone else pointed out the risks with ADRs😅 Don't you have to be informed by the broker? I've actually been very happy with TR so far, unlike apparently many others, but this is making me think about switching.

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S.A.U.@SAUgut77

1Mon

@FireSale the information did not come from any neobroker, whether TR, SC, SB+..... did my own research after the first press release some time ago and still phoned Lang&Schwarz about it today, for example....

But after Cortal Consors or Ing, for example, informed customers, the pieces of the puzzle slowly fell into place...but had already provided some information in conversations

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Michael@FireSale

1Mon

@SAUgut77 If so, then only flatex would be an option for me. Do you happen to know whether they have informed their customers?

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S.A.U.@SAUgut77

1Mon

@FireSale With regard to Hyundai, you need a broker with KRX licensing, otherwise it won't work regardless of the info....

...and with S+ I am actually satisfied with the general requirements (trading venues offered) so far...I actually prefer to get the information myself, because I know what, how and why.

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Michael@FireSale

1Mon

@SAUgut77 was not meant in relation to Hyundai but in relation to the information transfer of the delisting. I would like to continue investing in Hyundai, but I'm not going to open a new broker account for that reason.

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GoodOl'Times@GoodOlTimes

1Mon

What happens if you can't get rid of them? (For the stupid).

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S.A.U.@SAUgut77

1Mon

@GoodOlTimes read my repost to see what the next steps are.

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GoodOl'Times@GoodOlTimes

1Mon

@SAUgut77 For point 3 in June 25:
-Withdraw/retract?

Will I then be credited with the market value? The market value remains the same, or is the share still traded and the price changes? Or is there a risk of total loss?

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S.A.U.@SAUgut77

1Mon

@GoodOlTimes Total loss now rather less, but the price can of course still change by 06/2025 and additional costs could also arise.

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Pascal_B@Pascal_B

2Wk

@SAUgut77 First of all, I wish you a Happy New Year 🎉 Is there any way to reach you "privately" via PN or are you in a Discord (Finanzfluss, Aktienkönig,...) where you can be reached? I don't want to discuss this "publicly" here. If not, then don't, but if you do I would of course be happy ☺

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S.A.U.@SAUgut77

2Wk

@Pascal_B likewise..🎉..have a profile under the same nickname at Börsennews there you can write to me via PN 😉

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TomTurboInvest@TomTurboInvest

2Wk

@SAUgut77 you won't believe it - echtgeldtv had a live session on YT yesterday where they promoted Hyundai, among other things 🤣🤣🤣🤣 didn't have the delisting on December 18 on their screen. On the subject of how seriously influencers deal with shares...

https://youtu.be/MaqScFNV3KE?si=JxRCjNSGAIqwmICr

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