Hello
Wanted some guidance on Book Value after a return of cap and consolidation of a holding
I hold Aviva which I made a number of buys and Sells before the recent Consolidation and return of capital
Before the consolidation and ROC the book value was £7935.64 with 1955 shares
Then the consolidation left me with 1486 share and a ROC of £1988.04
An adjustment was made on the portfolio of the number of shares but now shows a loss of IRO of £2000
So my query is should there also be an adjustment made to the book cost to reflect the ROC ?
In my head the new book value would be £7935.64 minus the ROC of £1988.04 = £5,947.60
Is that the correct way of should it be done another way or not at all ?
Cheers
Roy
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