Ig Share Discussion Threads

[t 34] 04/6/2020 08:04

This is 150% up . Wow.

[saucepan] 04/6/2020 07:55

Rather understated, but that is quite an increase in revenue guidance since 24 April!

[mister md] 04/6/2020 07:17

Wow !

Trading Update

The Group issued a Q4 trading update on 24 April 2020 which noted that quarter to date net trading revenue was estimated to be around GBP173 million. Financial market volatility has remained elevated and the Group has continued to see high levels of client trading activity. Net trading revenue in Q4 FY20 is now estimated to be approximately GBP259 million (Q4 FY19: GBP117.9 million), with full year net trading revenue anticipated to be approximately GBP649 million (FY19: GBP476.9 million).

[t 34] 04/6/2020 07:15

Can get £1bln revenue in 2021 ?

[hatfullofsky] 04/6/2020 07:12

Nice update, good to see volatility remained in May.

Should see a strong performance today on here and PLUS

[irishmatt] 28/5/2020 13:23

4 June update not far off. Any other brokers etc reporting soon too?

[paulisi] 27/5/2020 08:12

A lot of resistance at 800p

[hpcg] 25/5/2020 10:27

I almost always use the desktop app and almost never the phone. I have an account manager if I need to, but it is more often I get a call from them that the other way round.

N.B. I would say it is common to be put on hold, especially for a query. It has certainly been the case with Barclays when they have screwed up, or HL for phone only transactions where they get a price. I must admit I don't do phone transaction with IG where that is the only route. If I have to call for borrow then it will be too expensive, or if a stock has moved to OTC I just wait for it to go to zero rather than giving up alpha to close sooner in the market.

[2toptrader] 24/5/2020 08:43

HPCG- my beef with IG is mainly about the customer service, had an account with them 10 years+ and over the last few yrs my phone experience with them has been appalling.
Unprofessional and dismissive usually or ... " I'll put you on hold sir, while I check that for you". The phone app is good though, but I hardly ever use their desktop interface, used to be a lot simpler and easier to use in the past. Like I said, just my own experience.

[hpcg] 23/5/2020 09:41

I don't know what happens to you lot, but aside from the very high volume days during liquidation sell offs I never have any problems. Includes yesterday, made some trades in the US in the evening.

[gbh2] 22/5/2020 16:08

I think they take the phone of the hook when the website goes down.

[loafofbread] 22/5/2020 15:21

That last 45 minutes of trading outage yesterday was bad enough but the phone line to 0207 8960000 wouldn't connect either.

When it reset this morning my 'positions' had disappeared. (£300k+)

Finally appeared at 8.30am.

Bloody useless.

[2toptrader] 22/5/2020 14:15

I was on the phone with them twice, the other week for a technical issue. First time about an hour,no fix. second time about 80 min: took 40 min to answer and then put me on hold to look into the issue only to just hung up on me in the end. the customer service is appalling: unprofessional and dismissive. An absolute disgrace as far as I'm concerned.
Trouble is, not sure the others are any better.

[gbh2] 22/5/2020 13:45

It's about time IG did something about their website outages, yesterday we lost the last 30 minutes of trading and it's now a far too frequent event!

[hpcg] 06/5/2020 11:09

arja - it doesn't matter. People that blow up their book by running it to the limit will do that no what the limits are. Those that stick around use a fraction of the leverage available. I am currently at 1.5x.

[arja] 06/5/2020 07:13

I can not understand why this company has recovered so well when surely will be much less volume from small traders after the massive jump in margins some time ago ?? Maybe instutions are trading more and it bridges the gap.

[the white house] 28/4/2020 13:57

Plus500 bullish on current volumes.Interesting new markets, keeping it interesting 115 in the Footsie race, seriously big co. now, 900ish needed given a level playing field, but jumping up week by week

[scorpio51] 25/4/2020 16:03

Thanks for that,useful

[rndm355] 25/4/2020 13:59

update was covered here:

[macarona] 24/4/2020 17:52

A quick EPS working for FY20, based on revenue of 640 and margin of 34% gives a net earnings of 220, so eps of 60.
That’s amazing, given we are trading at 740, or 12 times earnings.

[wildshot] 24/4/2020 16:38

investorschampion if you note previous guidance they said they were going to hold the dividend for a while going forward. I'm surprised that you are surprised. I for one am not surprised.