CYBG PLC Demerger

How do I handle the demerger of CYBG PLC from NAB in Reckon Accounts Personal Plus 2016

Comments

Hi,

I entered a return on capital to NAB of the amount my CYBG shares cost (at a rate of $4.01) then entered a purchase of the CYBG Shares for the same amount. Of course that doesn't help you if you want to calculate individual share purchases. That I did in an Excel spreadsheet dividing the capital return by the number of shares in each tranche.

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Brian_7091946

This reply was created from a merged topic originally titled CYB spin-off from NAB.

Where NAB shares have been bought and also dividend reinvested over a number of years how does Reckon Accounts Personal Plus 2015-

1 Handle the creation of the CYB shares that are received from the spin-off and

2 How doe it then reduce the cost base for each NAB purchase.

There are a number of NAB transactions that need to have an adjusted cost base as a result of the spin-off

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Mark Thomas

I did the above, quicken does not update the share price in the portfolio?

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John G

Hi Mark, Dave,

When a security is created by a transaction like Corporate Securities Spin-Off, its configuration will not be complete.

Right-click the security and select Edit Security;
Enter the ASX code for the security in the Symbol field (Clydesdale = CYB);
Check that the Asset Class is showing Australian Stocks.

Hope this helps.

regards,
John

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Mark Thomas

Diver Dave was on the money. Thanks heaps.

Mark Thomas

Thanks John, Diver Dave had the solution. I hadn't ticked CYB on the update settings.