Jgl is trading on a reconstructed basis. Nothing to be afraid...

Jgl is trading on a reconstructed basis.
Nothing to be afraid of.

7w

A reconstruction may be a consolidation (reduction in the number of shares on issue) or a split (increase in the number of shares on issue). So, for example, if there is a 3:1 consolidation then the company will issue to shareholders one new share for every three existing shares. This type of change will usually result in the new share price being about three times that of the old. Alternatively if there is a 4:1 split then the company will issue shareholders four new shares for every one existing share and the share price will usually be reduced accordingly, i.e. divided by four in this case. Generally when a security commences trading on a reconstructed basis, a new trading code is established. In the instance when a new trading code is not established, all orders are purged at the end of the trading day prior to the security being quoted on an RE basis.