UPDATE: This thread has run its course, so we’re closing it. We’ll occasionally need to remove equities from the universe, and we’ll have an outreach process for it.
Currently, the app does not display prices further than 2 decimal places, so we’ve removed the following low-price stocks from Discover because it’s not a great user experience to see £0.00 as a price.
We defined low-price stocks as worth between 1-5p, as due to the current market volatility, just in case these stocks might lose value and become impacted by the limitation of the decimal places.
Current holders will still be able to view and trade, but non-holders will no longer be able to search or view in Discover. Holders should bear in mind that the price indication they see on their app will only reflect the rounded 2 decimal points, i.e. you could be seeing 0.01 when actually it is 0.006.
Apologies to anyone who planned buying these stocks, and let us know any questions and thoughts below.
Quite frustrating there wasn’t a heads-up before this was done to allow those who want to maintain a position to buy in to keep visibility. (and to allow those who don’t mind the decimal point as they think it’s soon going to be worth a lot more than your 5p threshold! :P)
Perhaps these can be removed after a period of warning or something.
Um, please can we have Greatland Gold back asap as it’s been a top stock of the week for a few months now and I know that I and a number of other investors are building up positions in it. Removing it suddenly like this really isn’t cool.
From an engineering stand point, is displaying prices with 4 decimal places an herculean task? Does it have the potential to freeze the app? If not, why not?!
Edit: I don’t have an engineering background, hence I ask
This is a disappointing decision that has been made without the input of the freetrade investors/community. There are many out there that were waiting for an opportunity to stock up on some stocks at a lower price and those that have been removed would have been shares people would have bought.
Surely a development fix can be made and deployed ASAP and the stocks reinstated to the app for everyone to put some money into?
The decision was a poor one but also the lack of notice seems odd. For the few pennies it would have cost I imagine lots of people would have bought a position to keep the option to buy more. It’s not like this is a £1,000 stock.
I was looking to top up my account and buy some shares, Greatland Gold being one of them & any other cheap ones. Let’s hope they can resolve this issue ASAP and they’re restored to the app.