Ig Share Discussion Threads

[gargleblaster] 15/1/2015 15:35

Presumably can also be offset against tax.

[gargleblaster] 15/1/2015 15:34

Relative to market cap (at yesterday's close) a £30 mil hit represents 1.1%. No need to over-react on this. Bit of a surprise that they are not protected from these kind of losses though!

[neilgbudd] 15/1/2015 14:50

Markets are irrational. No point trying to reason with them in the hope they come around to our way of thinking. I've learnt that the hard way...

[gbb483] 15/1/2015 14:41

So the share price adjustment knocks £100m off the valuation when the maximum hit of the Swiss frane movement is set at £30m - I think the MMs are trying to shake the tree.

[neilgbudd] 15/1/2015 14:33

Very unfortunate news out the blue. Will create uncertainty until the results are out and further guidance is provided. Up to £30m is one hell of a 'dislocation'! I'm out for now.

[gbb483] 13/1/2015 16:31

Flatlining at 750 - weird.

[gbb483] 23/12/2014 14:21

52 week high? that's a bit short sighted, more like 520 week high.

[melody9999] 22/12/2014 23:53

Yes and volatility in the markets will be good for levels of trading

[bhavini4] 19/12/2014 10:33

Forgot to mention; its also hitting 52 week highs! An excellent buy indicator imho.

[bhavini4] 19/12/2014 10:31

Well I bought in this morning. Looks good value to me, cash on the balance sheet, pays a good dividend, FTSE 250 company so plenty of room for growth, positive recent update and expanding into new areas such as share dealing where they have excellent feedback.

I note Leon Boros (the self made ISA millionaire) recently commented he thinks IGG is worthy of further research with a view to buy as the cash flow is good, has a good market share and is in his view a 'quality' company.

[bhavini4] 19/12/2014 09:01

Thanks for input guys.

Fully valued? I worked out that PBT to MCAP was 12 x. And that doesn't account for any of the cash it has. Am I missing something as it looks pretty decent value?

[pyemckay] 18/12/2014 18:16

its pretty fully valued at the moment

[gbb483] 18/12/2014 18:10

Because it didn't fall over the last 10 days when everything else went belly up probably.

[bhavini4] 18/12/2014 16:10

Hasn't really moved up strongly on a very good day for the markets generally. Any thoughts why not? Thanks

[wirralowl] 25/11/2014 15:53

Great move on the back of a strong trading update, thanks to increased market volatility in Sept/Oct. The recent launch of their stockbroking service should also become a more significant contributor next year, so all in all, looking pretty positive here.

[gbb483] 25/11/2014 09:28

Breakout at last

[darius12] 20/11/2014 17:06

IG Group are thieves and they've lost all their affiliates because they have robbed them.

[randolph and mortimer] 28/10/2014 08:45

Half a billion pounds in cash quite soon. A proper, clean company and tremendous achievement.

[wirralowl] 24/10/2014 13:44

Ex-dividend was Thursday, as per Stevie Blunder's post above.

I'm hoping for a little fall down to the 575 area, for a longer-term top-up.

[melody9999] 24/10/2014 13:06

The share price movement would suggest ex divi day was 23rd - everything else is saying it is today 24th. I'm intrigued.

[stevie blunder] 22/10/2014 17:53

I think xd is Thursday now. My broker is showing xd on the 23rd

Bid price: 617.00 p
Offer price: 618.50 p

Dividend price: 22.40 p
Dividend- Ex-date: 23-Oct-14
Dividend yield: 4.56%
Dividend cover: 1.43

The change was to do with the move to T+2 settlement, record date stays the same.

[pyemckay] 22/10/2014 17:53

ex div tomorrow I think. Was there not a change from the T+2 system to the T+1.

[gbb483] 22/10/2014 17:23

Ex-div today and still it climbs.

[gbb483] 17/9/2014 16:16

Big drop this morning with the reported 8% drop in client activity - the only surprise is that it has recovered most of the drop already.

[wirralowl] 22/8/2014 12:18

Getting tempted at sub-£6. Market leader, large and growing dividend, about to launch their own stock-broking service... If they go on to provide S&S ISA's, that could open a huge new line of revenue and also lead to an eventual re-rating (HL trades on almost double the PE).

When interest rates begin to rise, I'd have thought IG should also benefit from an increased volatility in the forex markets and subsequent increased client activity/revenue.

An entry around 560-570 would be ideal, but with the chunky dividend due in a couple of months, not sure it'll get there (already fallen over 7% from its recent high).