lecannon
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Posts posted by lecannon
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I have two buying and two selling movements on my Saga shares which are described as Corporate Action . This commenced over a period running from 17th sept and ending on 23rd Oct. I'm trying to understand the logic of the quantities involved and how I appear to have lost the vast majority of my share holding. Is this some value realignment?
corporate action
in Shares and ETFs
Posted
I think I can answer my own question:-
Saga PLC went through a stock consolidation 1 for every 15. The price would have been adjusted accordingly.
This is not a change by IG it's the company that's consolidated the stock.
https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-happens-to-my-shares-position-if-the-company-performs-a-sto