CYBG PLC Demerger

MrFoxhound13 .

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

Chris Appleby

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.

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

Mark Thomas

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

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

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.