Ig Share Discussion Threads

[gottlieb jeger] 05/9/2012 13:04

Good entry point under 425p looking possible now

[guidfarr] 27/8/2012 15:37

IG Group mentioned in September edition of spread betting magazine

[undervaluedassets] 17/7/2012 12:35

Agreed stock markets around the world have turned flat and quiet.

But stock market conditions can turn on a sixpence and busy markets and volatility (Spread bet firms thrive on both) will undoubtedly return.

The most important takeaway for me is the growth in customer numbers and growth of the business overseas. Plus rock solid balance sheet.

I think that the market has been a little confused by what is on offer here since they have sold the sport Spread betting side.

But this is a much more focussed company without the sport. The market will catch on to the great results (which bested estimates) as the the long term quality that is on offer here is fully digested.

IG are consolidating their position as the world number 1 SB company.

One to buy and hold for the long term IMHO

[santar] 17/7/2012 11:10

I guess the market did not like this bit:

Revenue in the first six weeks of the current financial period has been lower than the same period last year, as dull markets in this period have presented our clients with fewer trading opportunities.

But solid results nevertheless.

[undervaluedassets] 17/7/2012 08:45

Results out.

Would seem to be spot on. numbers slightly beating forecasts.

Apart from anything else this is becoming a solidly dependable dividend growth stock. Divi has now nearly tripled since 07.

Dividend cover slightly increased which I like.

story seems to be recession proof.

[miata] 11/7/2012 16:05

11 Jul IG Group Holdings... IGG Barclays Capital Overweight 464.40 473.30 500.00 500.00 Reiterates

[undervaluedassets] 14/6/2012 08:24

IG will have snaffled former World spreads customers no question.

First impressions on statement - very nice numbers.

Listened to conference call - as ever v professional. Quietly bullish without being gushy.

This company developing into trusted global brand and is world's largest spread betting business.

This is the Paddy Power of the spread betting world - They deliver.

Shares trade on a very modest multiple

[miata] 04/5/2012 19:40

If you don't yet believe in diversity with respect to your spreadbet accounts take a salutary look at the administrators preliminary report on the Worldspreads thread [WSPR].

[undervaluedassets] 02/5/2012 08:08

is it just me or has anyone else noticed that IG have a huge marketing push underway. their ads are just everywhere.

It seems to me that there is a big drive by them to grab market share.

Their technology is the best in the business no doubt about it.

[undervaluedassets] 30/3/2012 13:13

now that is what I call a chunky purchase...

[miata] 20/3/2012 07:42

You are correct £50,000 is the maximum, hence have accounts with several companies.

[melody9999] 19/3/2012 22:32

I have £2K with Worldspreads, no account here. But there is the potential for the same thing to happen here or with any other company..... with one difference. As IG Index are so much larger, they presumably have many more customers with over £50,000 in their accounts.

As I understand it, £50,000 is the maximum amount that would be covered by the FSA in the event of a complete collapse by IG. If i was fortunate enough to have that sort of money, I think I would be spreading my funds right now to eliminate that potential risk.

[miata] 19/3/2012 19:07

I'm relieved I won't have to rely on the FSCS, one of the spreadbet companies I have which uses the Worldspreads platform issued this statement:

Sterling Market's service providers, an independent company called Worldspreads has appointed Special Administrators. Sterling Markets is a separate entity and in not connected to the investigation at Worldspreads. Sterling Markets will seek a new service provider to replace Worldspreads. Sterling Markets is NOT in administration or indebted in anyway, nor does it share management or advisors with Worldspreads. Worldspreads was an arms length independent service provider.


Incidentally the liquidators are unlikely to be able to recoup any money for clients by selling WorldSpreads' customer database, which contains around 3,000 active traders, as the terms and conditions that punters signed up to do not permit such a move.

[lennonsalive] 19/3/2012 11:42

Good statement.

[undervaluedassets] 19/3/2012 09:55

Feel kind of prescient ..

see my post 39!

[undervaluedassets] 19/3/2012 09:54

world spreads situ can only be positive for IG.

They are the HSBC of spreadbetters.

They will pick up new clients and bigger cash balances on the back of this.

[m.t.glass] 18/3/2012 09:39

thanks steve for that explanation

The likeliest thing IG will do I guess is not email its clients offering any financially useful rescue from their WS situations, but merely email them advertising how much more solid IG is and using it as a PR opportunity only ;o/


Interestingly, the Sunday papers do not appear to have piled into this story. Almost all of the googlenews alerts I've had relating to Worldspreads have been from yesterday and Friday.

[m.t.glass] 18/3/2012 08:56

I don't know how representative my own straw poll might be, but of 6 friends and acquaintances who have accounts with Worldspreads, all 6 have accounts with IGindex as well. IG presumably will not put a very high value on acquiring Worldspreads' customer list if the majority of Worldspreads customers are already with IG. The list would probably be of greater value to one of the other (newer) spreadbet firms who are still building.

On the other hand, those Worldspreads customers already known to IGindex will already meet IG's account-opening criteria, so IG might be happier to take over whatever stock positions those particular customers hold with Worldspreads. I wonder if IG might email all their own customers tonight offering them a smooth transfer of WS positions and balances to their IG account? Obviously IG would need approval of the investigators in order to do this - but IG could sell the idea to the regulators as the best way of halving the damage. If anyone fancies emailing IG to consider this, feel free to paste this post or part of it.


email (([e-mail])) minus the brackets


EDIT: Steve - if IG want to hang onto you as a client, it might be in their interests to offer some kind of orderly rescue from your Worldspreads situation? In which case they would need to do the same for all WS/IG dual-account clients. By the sound of it, you've already decided on the nuclear option instead - but it might still be worth putting the idea to IG regardless.

[weemonkey] 14/3/2012 13:24

The volatility is BACK!

[weemonkey] 14/3/2012 13:24

Hi Miata,

I was on the same call with those boys yesterday.

All seemed very positive.

fairly modest rating for a stock with such great prospects

[miata] 14/3/2012 09:12

14 Mar IG Group Holdings... IGG UBS Buy 455.10 545.00 530.00 Retains

14 Mar IG Group Holdings... IGG Goldman Sachs Buy 455.10 700.00 665.00 Retains

14 Mar IG Group Holdings... IGG Barclays Capital Overweight 455.10 525.00 500.00 Reiterates