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tesco consolidation 2021


Maverick1

Question

Hi, on 26/03/20 I bought 240 Tesco shares at 219.5967pence and then bought a further 236@ 208.7837 pence. My holding on the account was displayed as 476 shares bought at an average price of approx 214 pence. Since the consolidation in 2021 my holding shows as 375 shares at an average price of 271.936 pence. I understand that in the consolidation I got 15 new shares for 19 old ones and received the corresponding dividend. What I do not understand is why my average price has gone up from 214 pence to 271.936 pence. This now shows that I have made a loss rather than the profit I had pre consolidation. My worry is that the Tesco share price has never been at the 271 p level so I am unlikely to make a profit on the sale of the shares. If the shareholder is not supposed to lose out due to the consolidation of the shares then it would appear that I have. Is this an error or am I just missing something?

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