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Thread: Sharesight

  1. #21
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    I've a query about the holding information on Sharesight, I'm not sure it reflects partial sales and therefore the current cost per share.


    Say I had 213,000 shares, brought for $17,193 = 0.081 original cost base per share.


    Sold 73,000 for $6,119.20


    $17,193 - $6,119 = $11,074


    Therefore, 140,000 remaining shares cost $11,074 = 0.079 current cost base per share, but sharesight still states 0.081 cost base per share.

    I believe that what it does is calculates the original cost per share, then uses that rather than the actual price the shares were sold at to calculate the new cost per share.

    Anyone else noticed this?

  2. #22
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    Quote Originally Posted by bullfrog View Post
    I've a query about the holding information on Sharesight, I'm not sure it reflects partial sales and therefore the current cost per share.


    Say I had 213,000 shares, brought for $17,193 = 0.081 original cost base per share.


    Sold 73,000 for $6,119.20


    $17,193 - $6,119 = $11,074


    Therefore, 140,000 remaining shares cost $11,074 = 0.079 current cost base per share, but sharesight still states 0.081 cost base per share.

    I believe that what it does is calculates the original cost per share, then uses that rather than the actual price the shares were sold at to calculate the new cost per share.

    Anyone else noticed this?
    I have not noticed it, but it is standard practice and is the correct way to approach the issue. The shares you purchased for 8.1 cents that you have left over still cost you 8.1 cents. The gain or loss (realised) is made on the sale of the 73,000 shares if using your example.

  3. #23
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    Quote Originally Posted by blackcap View Post
    I have not noticed it, but it is standard practice and is the correct way to approach the issue. The shares you purchased for 8.1 cents that you have left over still cost you 8.1 cents. The gain or loss (realised) is made on the sale of the 73,000 shares if using your example.
    I guess the clue is the ​base cost, Thanks blackcap

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