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7,941 Posts.
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16/08/21
21:47
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@Pigreco314
Trading platforms DO NOT ADJUST for these things usually.
DIVIDE your old contracted BUY price by 0.569 and that will give you the new cost price (excluding broker fees, they stay the same) for that contract.
Eg: $1.25 Buy Price / .569 = $2.197
Trade Eg: Bought 3,000 @ $1.25 = $3750
Convert shares to ORE - 3,000 x .569 = 1,707 ORE Shares
1,707 x $2.197 = $3,750.27
Note: Some people pre consolidation may also need to make other adjustments.
Note 2: Keep good records for the tax man.