Share Name Share Symbol Market Type Share ISIN Share Description
Ifx Group LSE:IXF London Ordinary Share GB0009894881 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

Ifx Group Share Discussion Threads

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A bit of activity? I wonder if Duke Street are going to get involved, if so it will have to be for at least 2 pounds.
Well not quite the £2 I was hoping for. However, it is still a nice return from IFX over the last few months.
A Very Happy Ending
grupo guitarlumber
City Index says in recommended cash offer for IFX Group at 180p/share LONDON (AFX) - City Index (Holdings) Ltd, the holding company for the City Index Group, said it is making a recommended cash offer for IFX Group PLC at 180 pence per share, valuing the company at around 57.9 mln stg. Further, IFX shareholders will be entitled to receive and retain the proposed final dividend of 1.2 pence per IFX share for the year to March, 2006. ra
grupo guitarlumber
Looking good. News soon?
UK smallcap opening - IFX Group better on Duke Street interest report LONDON (AFX) - Punters piled into IFX Group, 12 pence better at 182-1/2, responding to a report in The Mail on Sunday that private equity firm Duke Street is preparing to join the takeover battle for the spread-betting and foreign exchange business.
Good results for IG today. LONDON (AFX) - Spread betting firm IG Group Holdings PLC reported better than expected full-year profits, buoyed by the growing popularity of spread bets on financial markets. IG said earnings before interest, taxes, depreciation and amortisation (EBIDTA), its preferred measure of profit, came in at 52.6 mln stg in the year to May 31, a 51 pct increase on the previous year, and ahead of the consensus analyst forecast of 48.9 mln stg. Turnover rose 44 pct to 89.4 mln stg. The improvement was driven by IG's core financial spread betting division, where revenues jumped 47 pct to 54.8 mln stg, as the number of customers placing bets with the group climbed 26 pct to 300,000. IG said it continues to attract new clients, with the growth rate in new accounts during the final quarter of the year doubling compared with six months earlier. IG, the UK's biggest spread-betting firm, has over the past five years benefited from growing enthusiasm for financial spread bets, which offer private investors a way of profiting from falling as well as rising asset prices. By 10.00 am, IG shares were up 6-3/4 pence at 28-3/4. "I think these results were very good. The interesting thing is the run rate of account opening in the last three months, which in my view bodes very well for 2007," said Investec analyst Daniel Havercroft, who has a "buy" recommendation on IG shares. The company, which also takes spread bets on sporting events, said its sports division enjoyed its "best ever" month in June thanks to the 2006 football World Cup. IG has avoided the legal difficulties faced by some online gambling firms in America as it does not take bets from US residents. Responding to speculation that IG could take over one of its smaller rivals, chief executive designate Tim Howkins said the company may be in a position to do a deal a year from now, but that for the moment all possible targets are too expensive. "There's some possibility of it happening in a year, but it won't happen in the next month," Howkins told AFX News in a telephone interview. "We have informal chats with the competition every now and then, but there isn't a meeting of minds at the moment. There isn't a deal available at the right price." IG's competitors include CMC Markets, IFX Group and London Capital Group Holdings. Howkins said IG is confident of continuing to grow without acquisitions, supported by an investment programme budgeted at 8-9 mln stg this year. The money will be spent on building up IG's data centres and expanding its London office space by 50 pct. "There are signs that our lead in (UK) spread betting is becoming more pronounced. Some of our competitors are falling behind in terms of technology and that difference is becoming apparent to clients," Howkins said. The CEO-designate added that the company has lined up a candidate to succeed him as finance director, clearing the way for him to formally take over from outgoing chief Nat Le Roux. The group expects to make an announcement "in a couple of weeks". Le Roux, who led IG back to the stock market in February two years after it was bought out in a private equity deal, plans to "take a year out to travel the world, and then return to university to take a PhD in behavioural psychology," Howkins said. mn/abr/mn/slm/mn/gp
Thanks for that Kablinsky!However possibly expanding on that, according to the Mail on Sunday Duke Street Capital have also been looking at the books and may be looking at a bid of 2 pounds.
A bit of activity on the share buying front over the last couple of days,anybody know why?
well if people followed my initial advice to buy they have more than doubled their money by now. Slapper
Yeah, this is breaking out all right. Ask is now up to 173p.
Looks like a chart breakout here. Tole are you still in (IFX) and if so would appreciate what your thoughts are here. T/A Edit: I see Numis Securities are forecasting EPS of 11.4p for 2007, (does anyone think that this could be on the low side)? Seeing as they have got of to a cracking start with a 7m pound turnover in the first two months of the new financial year (compared to last years total turnover of 25.3m pounds).
Investors Chronicle has it as a buy today.. Slap
Still the wrong price, but one can't have everything.
No, sir. All time high was 500p.
All time high?
Apologies for the error in my previous post where I said profits were substantially ahead for the first two months of the new period. Apparently they were in fact very substantially ahead. LOL! That sounds like a lot.
I liked the doubling of the divi. Shows faith in the future.
Profits this year substantially ahead, looking good! "Outlook The new financial year has begun very strongly. Revenues in the first two months were approximately #7 million, so that profits in this period were very substantially ahead of management's expectations. Trading in June has also begun strongly. This strength has been underpinned by continued growth in customer numbers, and assisted by recent volatility in financial markets. Management's initiatives in developing new products, enhancing technology, and expanding into new international territories should continue to build a stronger and more valuable enterprise for the Group's shareholders."
One-way traffic, with or without bid. Obviously, negotiations are £2 to start. Mr. Warner has done well.
Good set of results... now a growth story (stock)... huge asset backing bid should see it being taken out higher if it goes through... if not should prosper on the back of good results going forward Slap
IFX opens in Australia IFX announces that it has opened a new Australian branch office of IFX Markets Ltd. in Sydney. This follows the receipt of a licence from the Australian Securities and Investments Commission to provide contracts for differences (CFDs) and foreign exchange to retail and wholesale investors. Initially, the Sydney office will focus on the provision of CFDs in a range of underlying financial markets, using the new brand name GreenCFD. IFX considers that its licence creates significant opportunities in one of the fastest growing derivatives markets. The Australian CFD market is the second most developed in the world after the UK, with these products already estimated to account for 10 per cent of the underlying turnover on the Australian Stock Exchange. This announcement, following the recent successful launch of an office in Shanghai, underlines IFX's commitment to the fast growing Asia Pacific region, and to the Group's strategy of growth through international expansion. Edmond Warner, chief executive, said: "This is the latest step in our plan to provide investors with true global market access on a 24 hours basis. The opening of our Sydney office provides IFX with an opportunity, through the GreenCFD brand, to expand into the exciting Australian market. We envisage that the Asia Pacific region will make a significant contribution to the development of IFX as a global specialist financial services group."
Well, I thought I would buy more today on the back of IG Group's statement and the fact that London Capital was last night capitalised at more than IFX but which has unencumbered cash of #18m less than IFX. The profit multiple (not eps distorted rubbish) is also slightly in favour of Finspreads. Therefore, one has a fifty per cent upside based on the fair value of only the minor competitor and I haven't even considered the natty, profitable forex outfit bought in the US last year. That gives us a price of between 215p and 220p to start. And that, my friends, is the beauty of mathematics! Yours in good company, ps. You can rule out the Swiss. They got in deeper recently as a spoiler to raise the final bar. Interestingly, my estimable colleague suggested that Mr. Spencer could well reverse his City Index into the full quote. Far cheaper than the #40m bill handed to IG by UBS for its re-flotation.
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