Reduce a holding of stock at nilcost

karigg's Avatar

karigg

25 Jul, 2017 09:56 PM

How do I reduce a holding of stock at nil cost. I do not want to dispose of the stock altogether as there should be a balance remaining

  1. 1 Posted by dwg on 25 Jul, 2017 10:16 PM

    dwg's Avatar

    Sharesdo not just disappear, perhaps you can explain the events that have occurred so that we can perhaps better advise how to record it.

  2. 2 Posted by karigg on 26 Jul, 2017 03:53 PM

    karigg's Avatar

    Dwg.

     

    On 3 January I purchased 440 Compass Group PLC Ord GBP 0.10625 at a cost of £6476.36

    On 27 June there was a reverse split giving me 423 Compass Group Plc Ord GBP 0.1105 at a cost of £6593.50

     

    The only way I can see to this deduction of stock is to show a sale on 27 June of 440 shares and a purchase of 423 shares

     

    Kevin Rigg

  3. 3 Posted by -Kevin N. on 26 Jul, 2017 05:31 PM

    -Kevin N.'s Avatar

    Hi Kevin,

    Try this...

    Divide 440 by 423. The result is 1.040189125295508

    Enter a stock split for the security at a ratio of 1 for 1.040189125295508

    -Kevin N.
    (not a member of MD support)

  4. 4 Posted by karigg on 26 Jul, 2017 06:55 PM

    karigg's Avatar

    Thank you

  5. System closed this discussion on 25 Oct, 2017 07:00 PM.

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