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These videos and picture tutorials will show you how to correctly set up and get the most out of the BodhiGold software.

APPLY ADJUSTMENTS TO YOUR DATABASE

     

What are adjustments?
Adjustments are made when certain events occur that affect the securities. Examples of adjustments include changing the number of shares and/or the price in the event of a new issue or a reorganisation of capital by the company.
When this occurs a factor is disseminated by BodhiGold and the historical data for that security is adjusted by this factor.

Example:
On the 29/06/2001, BHP Limited and Billiton Plc formally completed their merger, creating the world's leading diversified resources group, to be known as BHP Billiton. This resulted in shareholders of BHP Limited (BHP) receiving a bonus issue of 1.0651 BHP Billiton Limited shares for every existing BHP share held. Due to this there was an appropriate downward adjustment in the share price to reflect the higher number of shares on issue. On a chart, this sudden drop in price would distort the indicators and cause incorrect analysis.

BodhiGold: BHP without the adjustment

The above chart shows BHP with unadjusted history. If you are using BodhiGold and have Distribution ticked, all the historical prices for this security will be adjusted by a factor of 0.48420 keeping the accuracy of the chart (see chart below).

BodhiGold: BHP adjusted for the bonus issue

Applying adjustments
Unlike most data services, BodhiGold allows its users to select which adjustments they want applied to their database/s.

The Options dialogue box in BodhiGold gives you six selections: Structural; Distribution; Dividend; Capital Change; Contract Swap & Demergers. By default, Structural; Distribution; Capital Change and Contract Swap are selected. These selections are made at the directory level giving you the choice of having some directories adjusted [for all or some events] and others totally unadjusted.

BodhiGold: Adjustment options

Information for all Users:
Changes you make on this tab may affect the way your data is distributed to your directories. These changes will only take place from today's date onwards and will not adjust your historical data. If you require these changes to be made to your historical data you will need to load the data [to empty directories] from an up-to-date history disk, after making the changes.

The table below lists the 6 events available in BodhiGold and gives examples of the reconstructions that will be applied to your data if these are selected [ticked].

Selection Reconstruction Description
Structural Stock Split A reduction in the value of shares, which increases the number of issued shares in a corporation. A four to one split would see an investor that had 100 shares @ $4 each before the split now have 400 shares @ $1 each after the split. The total price of his investment would be unchanged.
Stock Consolidation The company reduces the number of issued shares, which results in an increase in the value of the shares. 400 shares @ $1 each before the consolidation becomes 100 shares @ $4 each after the split.
Stock subdivision of no par value A Stock Split of no par value
Complex Capital Change An event can be classed as a complex capital change when there is more than one event passed for a company on the same day. This may be due to multiple companies merging, resulting in the distribution of different securities to shareholders.
Distribution Rights issue in same stock An offer of extra shares in the same stock, given to an existing shareholder. Shares are generally offered below the current price to raise money for the company. These offers lapse unless
renounceable A rights offer giving the share holder the ability to sell or transfer their right to the shares.
.
Rights issue in different stock An offer of extra shares in a different stock, given to an existing shareholder.
Non-renounceable rights issue in same stock A rights offer in the same stock that can be taken or forfeited. It cannot be traded on the market.
Non-renounceable rights issue in different stock A rights offer in a different stock that can be taken or forfeited. It cannot be traded on the market.
Scrip issue in same stock or Non-renounceable scrip issue in same stock Shares in the same stock that are issued free (bonus) to the existing shareholder. A company may make a scrip issue as an alternative to increasing its dividend payout. New shares are issued to shareholders in proportion to their holdings (ie. One bonus share for every five shares held).
Scrip issue in different stock or Non-renounceable scrip issue in different stock Shares in a different stock that are issued free (bonus) to the existing shareholder.
Dividend Cash Dividend This is the cash amount paid in dividends to each ordinary shareholder for each share held for the financial year. To be entitled to a dividend the shareholder must have purchased shares before the ex dividend date.
Stock Dividend in different stock A dividend paid in the form of additional shares in a subsidiary company.
Capital Return of Capital A distribution of cash resulting from depreciation tax savings, the sale of capital asset or securities, or any other transaction unrelated to retained earnings.
Write-up of Capital A revaluation of an asset downwards (upwards).
Write-off of Capital To charge an expense or cost of as asset to profit. Also called charge off.
Unspecified Capital Change event
Contracts Future Contract Swap This only effects future continuous contracts. Every time the contract changes an adjustment is passed to make the swap-over smoother.
Demerger Stock Dividend in same stock A dividend paid in the form of additional shares in the company.
Rescinded Capital change Reconsidered capital change event.

Turning on/off adjustments to an individual directory
The user can control which type of adjustments are applied to their directories.
    To do this:
  1. Open BodhiGold and click the Configure button.

    BodhiGold - Configure Button

  2. In the Data Distribution section of this screen, click the Custom button.

    BodhiGold - Custom Button

  3. The Distribution window will be displayed. This window lists all the active directories (folders) BodhiGold is updating. The active directories will be in blue whilst the inactive directories are displayed in grey. Active directories relate to the formats you've selected on the Configuration screen.

    BodhiGold - Normal Profile

    If you have the Normal profile selected you will need to create a copy of it before you can edit it.
      To make a copy:
    1. Go to File>Copy Selected Profile.

      BodhiGold - New Profile - MyLists

    2. Enter a name for your new profile (i.e. MyLists) then click the OK button. Your new profile will be selected.
  4. Click on the directory (so it is highlighted) that you want to make adjustment changes to.

    BodhiGold - Select Directory

  5. The Events categories are located on the Configure tab. Simply tick or untick the events you want applied to your database.

    BodhiGold - Events

    Please Note: If you make changes in this section it will only take effect from that day forward. To correct your historical data you will need to delete it completely then install your
    Bodhi History Your history disk will need to be under 6-months old as BodhiGold only has access to this much history on its servers.
    CD/USB again and bring the data up-to-date using BodhiGold.