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13.0¢ longtable group limited

Ann: Share Consolidation Update & Despatch of Holding Statements, page-16

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kobbie

273 Posts.

17

29/05/18

10:08

Post #: 33347807
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Originally posted by Mattyboos ↑

That’s true. I guess it becomes more manageable when adding or reducing your holdings.

For example:

- Buy 10,000 shares in LON at 0.80.
- Buy 10,000 more shares in LON at 0.70 (buy price averaged down to 0.75)

Now say you decide to sell 10,000 LON shares at 0.85. You have 10,000 left. By default, Commsec will leave your buy price at 0.75, but you can decide to change your remaining holdings to a buy price of 0.70, or 0.80.

Depends on how much of gain you want on your capital gains ledger come tax time. That’s the way I see it.

It’s also good to note that Commsec includes brokerage in thtrading buy price when adding holdings to your account. Some like to exclude brokerage - I like to keep it in there.

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Also a good idea to let your accountant know how you want your buy and sells allocated as many use an automated systems and they may allocate them different to how you want...

LON Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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