RE: Confused on share consolidation cost15 Feb 2021 11:50
Thanks Pmoran - that is the way I see it.
I had 1462 shares at 215p = £3143.30 so this showed a healthy profit around £395
I now have 1154 shares. That averages 272p.
"Loss" is 57p per share.
The market should be reflecting the lower number of shares in circulation but the current price is 243.45p so 28.55p "down".
I get a special divi that, lest we forget was not meant to impact the share price, on the 26th Feb of 50p so £731. This means the nett figure is +£6.53. before tax. After tax it will be negative as it is being paid as a divi. The problem is that I will still be showing a greater loss on the dashboard because even if I put the divi in (old profit+divi+£6) I will still be down as it won't average down enough.
In other words the special divi from the sale of a large chunk of the business has had a negative effect on me.
I am hoping that the share price goes up to reflect the smaller number of shares. £3+ should be in order.