RE: Averaging down stories6 May 2021 12:32
Steak bake this is my calculation correct me if I'm wrong.
£14,600 with an average of £8.40 gives you 1738 shares
1k buy at 38p per share = 2630 new shares. Add those to your original holding =4368 shares in total.
£15600 divided by 4368 = £3.57 new average.
Is that correct Carol Vordaman?