Forum Topics Coles Spin off
Strawman
5 years ago

Thanks for raising, let me try and clarify.

Corporate actions like these always have their own unique circumstances, so it's not possible for us to automatically code into the system what should happen. We have to treat each one on a case by case basis.

In this instance, anyone with Wesfarmers on their scorecard will continue to hold it BUT (at this stage of development) we can't automatically create a new holdings for users. Besides, different people will want to do diffreent things (some will be happy to hold both, others will choose to sell either their Coles or Wesfarmers shares etc)

If members want to add Coles to their scorecard, they will need to do so manually (shares are below their start price, so it's actually an advantage to add now if you want).

If you hold Wesfarmers on your scorecard, and want to close it, we can reduce your cost base by the current market value of Coles shares to reflect the change. Email us at admin@strawman.com and we'll make it happen.

Let me know if you have any questions/comments

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Strawman
5 years ago

actually, after talking to the developers, and thinking more deeply about this, what we will do is close any open WES recommendations on the 20th November (close price was $44.22). We will then open two new positions the next day, one in COL and the other in WES. Users can then decide what they want to do with the new positions.

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