A consolidation keeps your holdings accurate when the number of units decreases and the price increases (for example, 10 units become 1 unit).
What is a consolidation?
A consolidation (also called a reverse split) reduces the number of units you hold while increasing the price per unit by the same ratio.
This means your total value should stay roughly the same immediately before and after the consolidation. Only the unit count and price scale change.
When Navexa adds consolidations automatically
Navexa can automatically apply consolidations for many tickers.
In practice, Navexa monitors when users record the same consolidation (same ticker and effective date). Once there is enough confirmation from real portfolios, Navexa can apply that consolidation across other portfolios holding the same asset.
This is designed to reduce manual work and keep holdings consistent across the platform.
How to tell if a consolidation is missing
A missing consolidation usually shows up as one (or more) of these:
Your returns look unrealistically high (because the price chart “jumps” but your unit count never reduces).
The price chart shows a sudden step-change around the effective date.
Your units don’t match what your broker/statement shows after the corporate action.
There is no Consolidation line in the holding’s Trades list around the effective date.
Before you add one manually
You’ll want the official details first. Consolidations are announced by the issuer/provider and usually appear via:
An exchange announcement (for example, ASX announcements), or
A corporate action notice from your broker/provider
Key details to confirm:
The effective date (use this date in Navexa)
The ratio (for example, “1 for 10”)
Any rounding or cash-in-lieu rules (important when the result is not a whole number)
Example: ASX:BBUS consolidation (1 for 10)
If an announcement says BBUS units will be consolidated on a 1 for 10 basis:
If you held 100 units before, you would hold 10 units after.
If you bought 13,000 units before the consolidation, you would hold 1,300 units after.
If the consolidation is not recorded, Navexa will still show 13,000 units using the post-consolidation price, which can make performance and value look incorrect.
How to add a consolidation manually
Open your portfolio and click the holding you want to adjust.
Go to the Trades tab.
Click Add.
Open the Trade type dropdown and select Consolidation.
Set the Trade date to the corporate action effective date.
Enter Subtracted Shares (how many units to remove). Refer to documentation and see below for explanation.
Click Add Trade.
The trades tab will reflect the Consolidation trade.
What to enter in “Subtracted Shares”
In Navexa, Subtracted Shares means:
Old units − New units = Subtracted Shares
Example calculation (1 for 10)
Old units: 13,000
New units: 13,000 ÷ 10 = 1,300
Subtracted Shares: 13,000 − 1,300 = 11,700
Enter 11,700 as Subtracted Shares.
If your consolidation includes rounding
Some consolidations produce fractional entitlements (for example, 11,472 units at a 2-for-23 style ratio). In those cases, your broker/issuer will typically specify how they round, and whether they pay cash-in-lieu.
Use the final unit figure from your official statement/notice, then calculate Subtracted Shares from that.
How to edit or remove a consolidation
Open the holding and go to Trades.
Find the Consolidation entry.
Click it to edit, or use the delete/remove option (if available in your UI).
Save, then refresh the holding to confirm units and performance look correct.
If the consolidation still looks wrong after adding it
Double-check you used the effective date, not the announcement date.
Confirm the ratio and any rounding rules.
Make sure you entered Subtracted Shares (units removed), not the new unit total.
What to expect around the consolidation date
It’s normal for the market “plumbing” to look a little different around the effective date. Depending on the exchange, you may see:
Temporary ticker codes (for example, “DB” / deferred settlement codes)
Some exchanges temporarily trade the security under a different code during the consolidation window (often to indicate deferred settlement).
Example: BBUS may temporarily trade under a deferred settlement code like BBUDB instead of BBUS, then revert back later.
Delayed settlement (proceeds arrive later than usual)
If you trade during a deferred settlement period, settlement may occur later than the usual cycle (e.g., not the normal T+2 timing). This is set by the exchange and is expected behaviour.