Ig Share Discussion Threads

[gbh2] 19/4/2024 14:43

"deliberately cut its own throat by getting rid of the much better customer friendly trading platform"

Here's where the BS started, there's nowt wrong with its platform was the subsequent consensus!

[sick of it] 19/4/2024 13:50

Rather than just talk BS why not learn to read the last RNS???

Active clients in the quarter were 266,800, up on the second quarter (Q2 FY24: 263,600) and consistent with the prior year (Q3 FY23: 268,600). First trades of 18,000 were up on the second quarter (Q2 FY24: 16,600) and the prior year (Q3 FY23: 17,400).

OTC client income retention normalised in the mid-point of the long-term typical range.

Total client assets across the business reached another record high of £10.1 billion (30 November 2023: £9.3 billion) within which client money balances were stable on levels reported at the end of H1 FY24.

Interest income in the period of £35.2 million was in line with guidance, of which £19.1 million was generated in the US.

tastytrade delivered a record quarter of total revenue of $62.6 million, up 8% on the second quarter (Q2 FY24: $57.8 million) and 15% on the prior year (Q3 FY23: $54.6 million), reflecting growth in both trading revenue and interest income. In GBP, revenue was up 10% to £49.4 million (Q3 FY23: £44.9 million).

[sick of it] 19/4/2024 13:45

Excellent platform and always good service
Feel free to go elsewhere but in my experience IG is the best.
Hopefully the share price responds soon! £10 be nice and should get there with the new CEO

[bargainsniper] 18/4/2024 16:39

Tastytrade Announces Exclusive Partnership With Unusual Whales

[bulltradept] 11/4/2024 11:36

You are both talking about different to things to which I am stating. Dividends isn't spread betting, which is what I am talking about.

[bargainsniper] 10/4/2024 19:33

Igg is a core holding for me.Excellent company

[gbh2] 10/4/2024 14:26

I've been using IG's platform for two decades and I've not seen much change to moan about, in fact, they're now one of the fastest to pay dividends into my account.

[bulltradept] 10/4/2024 13:01

Yes, I use to use it regularly and as you state cutting staff, putting them off shore and I do mean off shore where being cut off on the phone happened more often than not, shows a lack of understanding. Still they'll learn, plenty of other Spread betting firms whose systems are on a par with and here's a thing, British call centres.

[alotto] 10/4/2024 11:50

Bull, I think you may be right. Customer base is stagnating dangerously. Also reducing staff is a sign that the management can see a storm at the horizon. I would have bought IGG if the trading update did not have the red flag on the shrinking/stagnating customer base. I hope the next TU proves me wrong

[bulltradept] 10/4/2024 10:17

IG will, I suspect, start to lose customers if it hasn't already, having deliberately cut its own throat by getting rid of the much better customer friendly trading platform.

Good luck holders you'll need it.

[hunter154] 03/4/2024 17:18

Blackhorse, did anybody ask you?
Ridiculous post

[blackhorse23] 03/4/2024 14:44

Bought APH for better dividend

[alotto] 21/3/2024 15:21

Gbh2 read my post again. I am not saying BBS are not beneficial.
I'm only referring to bbs and management bonuses.

[gbh2] 21/3/2024 14:41

You're welcome to your opinion, but I'll base mine on the 20 odd years I've spent watching the impact of BBs,

[alotto] 21/3/2024 13:27

The BB should be disregarded as far as bonuses are concerned. It's ridiculous to improve earnings per share by reducing the number of shares. Total earnings should be used as a metric.
BB however have other indirect benefits for shareholders.
Profits don't seem to be increasing this year so BBs is the ace up the sleeve that was left. Ah and the layoffs of course.

[gbh2] 21/3/2024 13:19

The Buybacks will improve the EPS but as far as I can see that'll only help director bonuses, hopefully the changes will eventually help the share price

[alotto] 21/3/2024 12:55

Are we ignoring the declining number of users? why is this happening?

"revenues more or less unchanged from last year at £240.1m": how is this even a positive?

[gbh2] 21/3/2024 12:38

Today's share price performance doesn't bode well for confidence in the change!

[hunter154] 19/3/2024 07:39

Thats good. She knows the company so can get to work quickly.

[bargainsniper] 18/3/2024 18:46

IG Group Names New Chief Operating Officer and Chief Risk OfficerHttps://www.tradingview.com/news/financemagnates:e6061cfe0094b:0-ig-group-names-new-chief-operating-officer-and-chief-risk-officer/

[bargainsniper] 14/3/2024 17:55

1100p fair valueHttps://www.proactiveinvestors.com/companies/news/1043167/ig-group-offers-deep-value-says-broker-1043167.html

[hunter154] 14/3/2024 13:03

According to analyst forecasts for 25/26, EPS is going to be 103/112 respectively, on IG’s website. If they hit those numbers we are >£10.

[lovewinshatelosses] 14/3/2024 11:55

Yeah. I was expecting to see a flat or small red day on that announcement. Nothing to frighten the horses, but nothing to greatly excite either IMO.
See what new senior management the CEO recruits and what further cost cutting initiatives he can perhaps achieve. Want to see profit up more and confirmed profit for TT as well. IMO it still cannot be profitable, or they would have said so. GLA.

[hunter154] 14/3/2024 09:53

Nice to see market likes the announcements

[lovewinshatelosses] 14/3/2024 07:50

Well, not an easy job of course, but I meant the evidence appears to suggest that he has taken on a role where plenty of stuff is working OK, rather than one where he has got to put out multiple fires etc.