Reduce a holding of stock at nilcost
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
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1 Posted by dwg on 25 Jul, 2017 10:16 PM
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 Posted by karigg on 26 Jul, 2017 03:53 PM
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 Posted by -Kevin N. on 26 Jul, 2017 05:31 PM
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 Posted by karigg on 26 Jul, 2017 06:55 PM
Thank you
System closed this discussion on 25 Oct, 2017 07:00 PM.