Investment club software - COW2000 - query

In message , Julian McIlroy writes

I think you should have 'acquired' for nil consideration, rather than 'sold'.

Thanks, John.

My immediate problem is with the parent company - the one where our holding is reduced.

For the spun-off company, I have entered a transaction to aquire the shares at 'no cost'. Though I realise this will not be right when we come eventually to dispose of these shares.

So any help will still be much appreciated.

Julian Aberdabadoo Investment club

In message , Julian McIlroy writes

Has the number of shares you hold in this company changed?

Yes, it has decreased.

As a matter of fact, I think I have now found the answer - I had to use the "Add to holding" function but enter a negative number of shares.

Obvious? Well, may be :-)

Thanks for your help. Julian

In message , Julian McIlroy writes

:-)

Another way would be to have sold the existing holding for a consideration equivalent of the opening price of the new holding.

I posted the same question on the Motley Fool

His advice is to enter a "sell" for the entire holding for the orginal gross purchase price; then enter a "buy" for the new number of shares for the same gross cost.

Apparantly, the revenue is happy with this.

Julian