RE: Under £1?29 Jan 2022 08:59
There are 3 ways of viewing your average cost.
1 includes top sliced profit, 1 doesn't, and the 3rd takes into account dividends, if and when paid.
A broker, and thereby your portfolio doesn't include profit, nor dividends. They use price average merely upon purchases, which is, IMO, the better way to view your average.
The figure quoted here 'as below £1, must include the profit made from sales.
Personally i use a figure excluding profit for day to day comparisons, and also keep a separate spreadsheet showing the overall average including profits. A dividend paying stock further complicates matters!! Do you include or exclude that in your average cost calculations.
Then you have Glencore, who treats dividends as a capital repayment!!!
If some-one quotes their average, one needs to clarify on which basis they are quoting that.
Hope this helps.