On 2013.12.09 12:42, Allan wrote:
On 09/12/13 14:40, Jack wrote:
On 2013.12.04 19:39, Ian Neal wrote:
On 05/12/13 00:06, Allan wrote:
On 04/12/13 23:32, Ian Neal wrote:
Is there currently a way of converting one stock type into
another within KMyMoney?
The situation is that I have an existing stock holding, lets call
it Acme Class 1, and the company has decided to convert these all
into Acme Class 2 with a conversion ratio of 1:0.6
I cannot see any obvious way of doing apart from adding a sell of
Acme Class 1 and a buy of Acme Class 2.
I've never had to do this myself, but I think this is where you
would use a split, where you enter the denominator in the quantity
field, which would take care of the quantity adjustment. However,
then you have to take care of the change of name.
I would probably use remove and add rather than sell and buy.
Whether you do the split before or after, is probably your
choice. There could possibly even be a case for a third, interim,
stock, to receive the removed amount, do the split on those, then
remove those and add to your real second stock. Whether that is
necessary, or better, or silly, is again your choice.
I think I should probably create a new feature request for this
functionality.
I just opened bug 328575
(https://bugs.kde.org/show_bug.cgi?id=328575) as I just had the same
issue. For bookkeeping purposes, my broker opened a new account for
me, and transferred several stocks to that account from my existing
account, although no split was involved.
Might even have a go at programming it, if I ever get the time.
What I did in this case was to do a "remove shares" to bring the
total to 0. I then duplicated the remove transaction, moved that
transaction to the new account, and then changed it to "add shares"
so it had exactly the same number of shares.
That makes four steps, and in Ian's case there is the further step of
doing the shares split.
I suspect that Ian is thinking of a single operation. Your idea of
allowing stock transfers could perhaps be a part of that as long as a
share split is optionally included.
Just allowing the transfer saves three steps, and leaves a trail that
makes more sense, instead of having to explain it in memos. Stock
split is an existing function. While I suppose it would be nice to
have a single transaction to include both, I suppose it depends how
difficult it would be to implement.
However, reading Ian's original description, I don't see that he needs
to transfer the stock to a different account. It looks like he is
trading X shares of StockA for Y shares of StockB. I can think of it
as selling StockA and buying StockB with the sell/purchase prices
canceling instead of going through a brokerage account. I suppose you
could do the split before or after the conversion - but it seems that
there is separately the need for a transaction to convert shares from
one investment to another investment (whether within the same account
or not) possibly with a multiplier/divider on the number of shares.
Ian - how badly have I mucked up what you actually need?
Jack
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