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# shares change prior to split

General questions about using Fund Manager that do not fit into any other forum.

Postby Erik » Thu Feb 01, 2018 8:03 am

I probably misunderstand the concept, this is what's happening:

Say, I bought 600 EBAY shares back in July 2013 for EUR 52,13 each (total $31278)
Later, there was a split on the 20th of July 2015 (2376 for 1000)

Now it changes the number of shares prior to the split to 1425.6 , resulting in a total current value that is (way) too high...

What a I doing wrong?

Regards,
Erik
Erik
 
Posts: 39
Joined: Mon Nov 27, 2017 8:20 am

Postby Mark » Thu Feb 01, 2018 8:35 am

Hi Erik,

There is an option "View / Split Adjusted". When this option is on, both the shares and price prior to the split date will be shown adjusted to current split values. Let's take a simple example:

Jan 1, 2018: Own 100 shares at a price of $10, value = $1,000
Jan 10, 2018: 2:1 Split
Jan 20, 2018: You own 200 shares at a price of $5, value $1,000

If you have "View / Split Adjusted" turned on, when you view the balance on Jan 1, 2018, it will also show 200 shares and a price of $5 for a value of $1,000. If you have this option off it will shown 100 shares and a price of $10.

You said your total current value is way too high. The value on any particular date is the shares owned * market price. So, if you're looking at the current value today, after the split, check both the shares owned, and the closing price recorded. One of them is wrong if you have an incorrect value. You can look at things in the Data Register with this "View / Split Adjusted" either on/off.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
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Postby Erik » Thu Feb 01, 2018 3:43 pm

You're right, I'll have to ask our broker for a clarification. This is what happened:

2013: bought 900 shares
2014: bought 650 shares
2015 (July): SPLIT - 2376 for 1000
2015 (Nov): sold 650 shares

Now, according to our broker's administration, we're left with 900 shares for the price that EBAY is currently listed for (approx $46). However Fundmanager calculates a current total of 3032 shares. Interesting..
Erik
 
Posts: 39
Joined: Mon Nov 27, 2017 8:20 am

Postby Mark » Fri Feb 02, 2018 9:05 am

Hi Erik,

Based on your reported transactions: You had 1550 shares prior to the split. After the split this is (1550 * 2376/1000) = 3682.8 shares. If you then sold 650 shares you would be left with 3032.8 shares.

If the broker is saying you only have 900, maybe the 900 and 650 share purchases were reported using post-split numbers somehow?
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ


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