If you receive new shares via a Rights Issue, Bonus Issue, Dividend Reinvestment Plan (DRP), New Issue, Stock Split/Consolidation, or you receive income from a Cash Dividend, you may need to adjust your portfolio to ensure that cost and profit/loss levels are accurately reflected.
To adjust your portfolio, please follow these steps:
Create a New movement under Movements in your portfolio
Search for the Instrument using the company's name or ticker
Follow the relevant section below.
Rights Issue, Entitlement Offer, or Share Purchase Plan
Movement type: Buy
Date: enter the date of the movement
Quantity: enter the quantity of new shares that you have taken up
Market price/share: enter the application cost (per share) that you paid
Brokerage/Other charges/Trade fee: enter if applicable or leave these blank
Click 'Submit'
Dividend Reinvestment Plan (DRP), or Bonus Issue
Movement type: Bonus Issue
Date: enter the date of the movement
Quantity: enter the quantity of new shares that you received
Market price/share: enter the market price at the time of the movement
Brokerage/Other charges/Trade fee: enter if applicable, or leave these blank
Click 'Submit'
New Issue
Movement type: New Issue
Date: enter the date of the movement
Quantity: enter the quantity of new shares that you have purchased
Market price/share: enter the allotment cost per share that you paid
Brokerage/Other charges/Trade fee: enter if applicable, or leave these blank
Click 'Submit'
Stock Split / Consolidation
Please note: NZX Stock Split/Consolidations are automatically recorded in your portfolio
Stock split = reduced price and increased quantity
Stock consolidation = increased price and reduced quantity
E.g. a 5:1 consolidation requires the price to be multiplied by 5, and the quantity divided by 5
Step 1 - Create a SELL movement for the entire amount of stock at the average cost price:
Movement type: Sell
Date: enter the date of the movement
Quantity: enter the entire quantity of your previous holding
Market price/share: enter the allotment cost per share that you paid
Brokerage/Other charges/Trade fee: enter if applicable, or leave these blank
Click 'Submit'
Step 2 - Create a BUY movement for the adjusted amount of stock at the adjusted cost price. This allows you to accurately reflect the change in your Portfolio while retaining your historical movements:
Movement type: Buy
Date: enter the date of the movement
Quantity: enter the new, adjusted quantity
Market price/share: enter the new, adjusted price
Brokerage/Other charges/Trade fee: enter if applicable, or leave these blank
Click 'Submit'
If you have any further questions, or require any assistance, please don't hesitate to contact the team at [email protected]
Bond Maturity
When a bond is about to mature, it may no longer appear in the holdings view. This is expected behavior as the bond reaches its maturity date. Upon maturity, the share registry processes the bond and pays out the proceeds into the bank account where you typically receive coupon payments or dividends. This process ensures that the matured bond is settled appropriately, and no further action is required on your part.
Please note: the Invest Direct online portfolio can only be relied upon to obtain and view data for the shares that you have traded via our DIY trading service and the resulting Corporate Actions. The Invest Direct online portfolio does not necessarily display an accurate representation of your entire share holdings and this should be confirmed with the appropriate share registries