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Originally Posted by justakiwi
I don't understand. So I am losing one share?
My numbers…
Start with 5551 shares.
Bonus (1 for 4):
5551 x 1/4 = 1387 (rounded down)
5551 + 1387 = 6938
Consolidation (3 for 4):
6938 x 1/4 = 1734 (rounded down)
6938 - 1734 = 5204
So 5551 shares becomes 5204 shares. And somewhere in there are some imputation credits!
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Well that sucks. Thanks for the explanation.
Originally Posted by Onion
My numbers…
Start with 5551 shares.
Bonus (1 for 4):
5551 x 1/4 = 1387 (rounded down)
5551 + 1387 = 6938
Consolidation (3 for 4):
6938 x 1/4 = 1734 (rounded down)
6938 - 1734 = 5204
So 5551 shares becomes 5204 shares. And somewhere in there are some imputation credits!
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I don’t understand it right now. I’ve only got the Sharesight automatic transactions to go on. I haven’t actually seen the transactions on the platform that holds the units for me (InvestNow).
There surely can’t be a loss of value at the end of the day.
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Originally Posted by justakiwi
Well that sucks. Thanks for the explanation.
No it doesn't suck JK. There are now fewer shares on issue. If you look at the USF price today, it is slightly higher than it was last week, despite quite significant falls in the last few days https://www.google.com/search?q=s%26...hrome&ie=UTF-8
You are no worse off than you would have been
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