Has anybody been provided with the deemed cost price of the EDV shares? WOW may have declared a $6.50 dividend but I am not sure that is the price we should use.
Richard,
Deemed Cost Price for EDV is $0. And Sell price is whatever it is sold for on the market.
In the SPA3 Investor ASX Public Portfolio I have entered a Buy Price of $0.0000001 in the Portfolio Manager and I sold on Thursday last week at $6.43064. The $3,284.80 profit is in the trading account.
There is no Dividend to enter. And no other cash has been paid into the trading account.
Hi SWS Team,
I’ve noticed as a result of reconciling my monthly reports for my ASX Portfolio, that since January (when I purchased WOW) the results at the end of each month in both TM as well as Beyond Charts Portfolio Manager no longer match my actual values as reported via Saxo.
It seems after some investigating that because the WOW values have been adjusted ‘historically’ that the Portfolio Manager calculates the Portfolio value based on the ‘new’ WOW pricing (i.e some 11% less) since purchasing them, and not the ‘actual’ (at the time) historical values. As such, my portfolio values at any point in time up to the time I sold my EDV allocation are ‘out’. Unfortunately, the EDV shares could only be sold from July 1st (i.e. FY21/22), and as such my values in Portfolio Manager on June 30th (and since January 2021 when I purchased WOW) are incorrect. Not sure how my accountant will feel about the actuals from Saxo not matching my Financial Statements from Portfolio Manager.
Not sure if anyone else seeing the same thing, and I’m hoping there is a simple work-around that can true-up the FY20/21 Fiscal Years data easily?
Best,
Graeme
My accountants/auditors are only interested in the brokers records, banks records etc. They are not interested in documents where I input data and I don’t give them SWS records. Apart from that, the data in my PM still shows the original price for WOW and will show the current price when I sell. If I sold today, there would be a capital loss in WOW and a capital gain in EDV as it had an entry price of zero. My brokers account will show the same detail.
The simple / underlying reason for the inconsistency that Graeme is describing is that Trademaster & Portfolio Manager use the data available at hand, which is the cleaned adjusted data provided for members. When you have your original entry price (pre-adjustment), the “loss” of the trade is immediate because that is the value of WOW in the data set rather than showing halfway through a trade.
Unadjusted data has the pre-corporate action prices, then post corprorate action prices after the adjustment-of-the-data date, which is what SAXO is presumbly showing.
We are working on modifying portfolio manager reporting to display the day to day history, to line up with where the portfolio would have been on a given day. How this will exactly work is still being worked through because it needs to be programatically achieved. We will be assuming that the entry price you provide to Portfolio Manager is what your online broker told you at the time of transaction.
Phillip is correct that once the trades are said and done, the net reporting for the individual trades will be consistent and the same between PM & SAXO. Some fields in portfolio values reporting for the given time periods that these companies were open in, will be inconsistent until we make this change.
Thanks Phillip and Campbell for your replies.
Phillip, yes you are right, I also don’t provide my own data files to my accountant, however, I do like to ensure that my Portfolio Managers balance out with my Saxo data each month / year, to ensure I haven’t made any errors along the way.
Campbell, thanks for your update on this topic. Just as an aside, will this upcoming fix also incorporate the lighten / pyramid issue that we spoke about a couple of months ago, again, just from a consistency perspective?
Thanks,
Graeme
Hi Graeme,
There is a version coming out later this month I was hoping to get out much earlier however, it was delayed from its original release point. The lighten issue that was talked about was pegged in for the release that was to follow this version that is coming out soon, so it has had a small delay as a result.
I would suggest they will be coming at separate looking from where we are now, as one is more ready for developer attention than the other.
If that actually eventuates can change, as we have a few initatives being moved along at once. Delaying 1 release to ensure high visibility functionality makes it to customers sooner than it otherwise would if handled as 2 separate releases does happen.
Hi Campbell,
No problems, appreciate the updates.
Best,
Graeme
Found on the Woolworths website dated June (copy and paste):
Cost base for Woolworths and Endeavour Shares
The cost bases of your Woolworths Group Shares just before the Demerger should be apportioned based on the Volume Weighted Average Price (VWAP) of Woolworths Group Shares and Endeavour Group Shares as traded on the ASX for the first five trading days starting from the date of commencement of trading of Endeavour Group Shares on the ASX, being Thursday, 24 June 2021.
The basis for cost base apportionment will be formally determined by the ATO and published by the ATO as part of the final demerger tax relief class ruling. The ATO is expected to publish the ruling in early August 2021.
Once the ruling is issued by the ATO, Woolworths Group will make an announcement via the ASX and provide further information on this website to assist Woolworths Group Shareholders to determine the respective cost bases of their Woolworths Grup Shares and corresponding Endeavour Group Shares .