Share Consolidations and Splits

Share Consolidation and splits

SuperFund allows you to process share consolidations and splits. This is best illustrated with the following example:

The SuperFund orginally purchased 1000 XYZ Limited shares @$5.00 each.  XYZ Limited have declared a 3:1 share consolidation on 2 February 2012, which includes a dividend component of 70 cents fully franked, and a return of capital component of 80 cents per share.

The dividend is processed first.

From the Transaction menu, point to Dividends and click Listed Companies, click New and complete the "Shares in Listed Companies - Dividend Issue" as follows;

The Return of Capital is processed next.

From the Transactions menu, point to Return of Capital and click Listed Companies, click New and complete the "Shares in Listed Companies - Return of Capital as follows:

The shareholding can either be revalued now or at the end of the year.

If you wish to do it now, from the Asset menu, point to Financial Investments, and click Shares in Listed Companies. Highlight XYZ Limited and click Edit. In the "Shares from Listed Companies" window, click Revaluation, and complete as follows:

Note: Assumption made that the current price is $4.20.

The final step is to process the consolidation.

From the Asset menu, point to Financial Investments, and click Shares in Listed Companies. Highlight XYZ Limited and click Edit. In the "Shares from Listed Companies" window, click Consolidate/Split, and complete as follows:

Note: The shareholding in XYZ Limited will now be 334 and this should also be reflected in the Unrealised Gain and Investment Summary reports. 

Program and version

SuperFund, all versions