Average cost has been added to client's portfolio page. This cost is automatically calculated by the system. Below is example showing how our average cost is calculated:
Note: Average cost does not include fees, tax and commission.
Example
1) Ms Chan got 100 shares from initial public offering at $10, the average cost was $10
2) The stock price raised to $15 on first trading day, she bought another 10 shares at $15, the average cost became $10.4545 (rounded to 4 decimal places). Average cost was (100shares x 10 + 10shares x 15)/(100+10).
3) Ms Chan withdrew 20 shares. Her total stock quantity was reduced to 90. There was no change in the average cost.
4) Ms Chan deposited 30 shares of the stock. System defaulted the previous day's closing price ($12) as the cost of the deposited shares. (Note that Ms Chan can contact us to adjust this cost if she think the previous day's closing price does not reflect the actual cost)
5) Ms Chan sold 40 shares the stock at $11. There was no change in the average cost.
6) Ms Chan executed the right: 3 shares of stock at $7, the average cost decreased to $10.7021 (rounded to 4 decimal places).
7) Ms Chan received 2 bonus shares and the total shares in system are 85. The average cost decreased to $10.4503 (rounded to 4 decimal places).
8) Ms Chan exercised a warrant, bought 5 shares at $10 , the total shares increased to 90, and the average cost wsa $10.4253 (rounded to 4 decimal places).
9) Stock merged at a ratio 2 to 1, Ms Chan's shares decreased to 45, and the average cost was $20.8505 (rounded to 4 decimal places)
10) Stock split at a ratio 1 to 10, Ms Chan's shares increased to 450, and the average cost was $2.0851 (rounded to 4 decimal places)
** During system upgrade, all holdings' average costs as of 11Nov2016 were set to the latest closing prices available in the system (Please refer to ## below). If clients want to change the average cost, please contact our customer services at 852-2122-8800 or emial to cs@anuenuegroup.com for further assistance.
## |
Asian stocks, include but not limited to Hong Kong, Taiwan and China |
11/11/2016 |
|
US market |
10/11/2016 |
|
Funds / Unit Trusts |
30/9/2016 or 31/10/2016, depending on funds |