Need some help please.
I am in the process of transfering shares from my name into my partners name.
I'm with etrade.
What price should I quote for the transfer?
History of share I'm transfering is as follows:
My partner hade a spare 20k, I bought 20k worth of CBA shares in my name.
Bought 480 shares at $41.80 on the 30/11/05.
So for the last 3 years all the dividends where reinvested.
On the 05/04/06 a dividend was paid and reinvested of $451.20. It came at 10 shares. So now we have 490 shares at an average price of $41.40.
So for the last 3 years it has all been reinvested.
At the moment those original 480 shares have increased to 563 shares.
The original price of $41.80ea is now $36.02ea.
I rang etrade in regards of this matter and they just confused the hell out of me. They are posting out the appropriate forms in the next few days.
So my dilemma is what price should I transfer the shares at ?
Hope it all makes sense. I know what I want to say but it's hard to write it all down.
Waiting in anticipation.