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Quick Quote

Updating your Portfolio

   
22/05/2019 08:34p.m.
Shares
NZ/AU Markets   
Exchange Traded Funds   
Bonds
NZ Fixed interest   
New Issues
Government Kiwi Bonds
Currencies
Cash Management Trust Account

Corporate Actions

If you receive new shares via a Rights Issue, Bonus Issue, Dividend Reinvestment Plan (DRP), New Issue, Stock Split/Consolidation, or your receive income from a Cash Dividend, you may need to adjust your portfolio to ensure that cost and profit/loss levels are accurately reflected.

Please note: NZSX Rights Issues, NZSX Bonus Issues, NZSX Cash Dividends and NZSX Stock Splits/Consolidations are automatically recorded in your portfolio.

Step 1


Create a new movement

To create a new movement in your Portfolio, click on the button circled below.

Next, select the appropriate movement type
Rights Issue/Share Purchase Plan = BUY
Bonus Issue = BONUS_ISSUE
Dividend Reinvestment Plan (DRP) = BONUS_ISSUE
New Issue (share float) = NEW_ISSUE
Cash Dividend = DIVIDEND

Step 2


Enter movement details




Rights Issue/Share Purchase Plan
Please note: NZX Rights Issues are automatically recorded in your Portfolio.
 
Movement Date: enter the date that the new shares were registered against your name
Quantity: enter the quantity of new shares that you have taken up as part of the Rights Issue
Market price/share: enter the application cost (per share) that you paid
Brokerage: n/a
Other charges: n/a
Trade fee: n/a
 
 
Bonus Issue
Please note: NZX Bonus Issues are automatically recorded in your Portfolio.
 
Movement Date: enter the date that the new shares were registered against your name
Quantity: enter the quantity of new shares that you received
Market price/share: n/a
Brokerage: n/a
Other charges: n/a
Trade fee: n/a
 
 
Dividend Reinvestment Plan (DRP)
 
Movement Date: enter the date that the new shares were registered against your name
Quantity: enter the quantity of new shares that you received
Market price/share: enter the allotment cost per share as detailed on correspondence from the share registry
Brokerage: n/a
Other charges: n/a
Trade fee: n/a
 
 
New Issue (Share Float)
 
Movement Date: enter the date that the new shares were registered against your name
Quantity: enter the quantity of new shares that you have purchased
Market price/share: enter the cost per share that you paid
Brokerage: n/a
Other charges: n/a
Trade fee: n/a
 
 
Cash Dividend
Please note: NZX Cash Dividend payments are automatically recorded in your Portfolio.
 
Movement Date: enter the date that the dividend was paid
Gross dividend: enter the total dividend amount that you received
Withholding tax: enter withholding tax paid**
Imputation credits: if applicable, enter imputation credits paid
 
 
Stock Split/Consolidation
Please note: NZX Stock Split/Consolidations are automatically recorded in your Portfolio.
 
Stock Split = reduced price and increased quantity.
Stock Consolidation = increased price and reduced quantity.
 
Example - a 5:1 consolidation requires the price to be multiplied by 5 and the quantity to be multiplied by 0.2
 
The first step is to create a SELL movement for the entire amount of stock at the average cost price.
Movement Date: enter the date that the stock split/consolidation occurred
Quantity: enter the entire quantity of your previous holding
Market price/share: enter the average cost price of your previous holding
Brokerage: n/a
Other charges: n/a   
Trade fee: n/a   
 
The second step is to create a BUY movement for the adjusted amount of stock at the adjusted cost price.
This allows you to accurately reflect the change in your Portfolio while retaining your historical movements.
Movement Date: enter the date that the stock split/consolidation occurred
Quantity: enter the new, adjusted quantity
Market price/share: enter the new, adjusted price
Brokerage: n/a
Other charges: n/a   
Trade fee: n/a   
 

After updating your portfolio to reflect new shares and additional income received from a Cash Dividend, the overall cost and profit/loss levels of your portfolio will be reflected in your online portfolio.*

Please feel free to contact Direct Broking if you would like assistance with this process.

0800 805 777
info@directbroking.co.nz

 

* Please note that the Direct Broking online portfolio can only be relied upon to obtain and view data for the shares that you have traded via our DIY trading service and the resulting Corporate Actions. The Direct Broking online portfolio does not necessarily display an accurate representation of your entire share holdings and this should be confirmed with the appropriate share registries.

** Please note that FNZC and Direct Broking is unable to give advice on tax related matters; we suggest you seek independent verification advice from your tax advisor or accountant.