Ig Share Discussion Threads

[rndm355] 24/7/2020 01:46

This got quite a lot of coverage here:

[davius] 23/7/2020 19:23

From II this evening:

Among the mid-caps, IG Group slumped 11% despite reporting a sharp rise in annual profit and revenue on the back of a "record" performance in the fourth quarter.

For the year ended May 31, IG recorded a pretax profit jump of 52% to GBP295.9 million from GBP194.3 million.

Net trading revenue grew 36% year-on-year to GBP649.2 million from GBP476.9 million. In the first three quarters of the financial year, net trading revenue improved 9%, but then doubled year-on-year in the final quarter.

"This reflected the unprecedented level of client trading activity from the sustained period of volatility across global financial markets triggered by the Covid-19 pandemic and other macro events," IG explained.

[royaloak] 23/7/2020 10:03

Still number one for me using their IG Level 2 platform, I am a frequent user so have to pay only £3 a trade!

Amongst others I also trade using iii, which I inherited when TDW closed, I hardly trade on the platform, costly and no DMA!

[gettingrichslow] 23/7/2020 09:33

hpcg, I’m not sure IG’s poor customer service is anything to do with working from home. It’s to do with the way their processes are set up. A simple example - when you email their customer services they reply to you (eventually) but you can’t then reply to that person, you can only reply to the generic customer services team again, at which point a different person picks up your query without understanding the background. So you end up dealing with a whole string of people, none of which gets the full picture. I’ve had this numerous times with IG but never with Hargreaves or Halifax.

[blondviking] 23/7/2020 09:01

This is being oversold imo, I am still buying

[gbh2] 23/7/2020 08:38

The whole sector is taking a big hit this week, I've found nothing to explain it though.

[cwa1] 23/7/2020 08:36

Decided to get back on board this morning after being out for a while, was reasonably content with the update and hadn't expected a fall of that magnitude in the share price Hopefully a sensible opportunity to get back in, time will tell. Quality outfit IMO. No doubt these artificially high levels of trading won't be maintained as they say but as long as they retain a good proportion of it I'll be reasonably happy. Will be interesting to see the next update. Good fortune all.

[gettingrichslow] 23/7/2020 08:34

Galeforce, I had an issue with getting clearance to trade a certain instrument. Took them over an hour to find someone who could explain to me why I wasn’t currently able to trade it, then two weeks to send me clear instructions on what I needed to do to get the required clearance, then it didn’t work when I did it. They’re now saying (over a month after I asked the question) that the only way I’d be allowed to trade that instrument is ‘if I can prove I’ve traded it before’ which I haven’t!! How can I ever trade it if that is the case?! Absolute hopeless from IG. And by the way, Halifax sorted the same issue for me in under two minutes. So did Hargreaves Lansdown.

[blondviking] 23/7/2020 08:30

Good buying opportunity, great dividend. A long term hold

[paulisi] 23/7/2020 08:14

Market sell after resultsGood dividend, but expectations Q4 volume will be an exception to the norm.

[gbh2] 24/6/2020 13:36

gale are you aware of a different number because I'm here again after 10 minutes of banal auto messages!

[blueflex2] 23/6/2020 23:01

Surge in volume yesterday... break the 800p resistance.

[galeforce1] 19/6/2020 16:46

gbh - I hink you need to use a different number, one that gets you through to the client manager and the team around him/her.

[gbh2] 19/6/2020 10:48

gale, I've just wasted another 12 minutes of my life listening to a Banal Automated message whilst waiting to get through to speak to someone, as a Holder I'm mortified at what the first experience would be for newbies wanting formation with a view to taking up an account!!

[galeforce1] 16/6/2020 19:31

gbh - that surprises me, to be honest. I've always had great customer service from IG.

Emails to my client manager are always answered promptly and helpfully. If there is something I can't do online I find the dealing desk is very efficient and easy to reach. And I find the site really easy to use.

The big difference between a platform like IG and pure retail platforms like iii or Barclays is that its leveraged accounts business makes IG alot of money, and they can employ alot more staff to sort out complicated problems. Those staff are young, international and very good in my experience.

Trying to sort out complicated problems with the people at Barclays was like pulling teeth. The whole thing is set up for people buying Vodafone in their ISAs. IG isn't.

If I have a complaisnt it;s that you still can't buy French, Spanish or Italian shares on IG. You can open SB's but you can't buy shares. At least you couldn't when I last tried

[gbh2] 16/6/2020 17:41

I had occasion to query something about my on line account today.
I waited 10 minutes listening to banal automated info informing me of what I could find on line, one has to wonder just how many O'levels the person that came up with the idea of telling folk that work on line to check on line for answers - Why the hell would anyone telephone them if the answer was on line!

I eventually gave up,I must find an alternative provider, they're *ucking useless!!!!

[discodave4] 05/6/2020 12:25

Imagine that this is correlated to a certain degree with volatility, the VIX is mid twenties at the moment, which isn't too much above its norm.

[gbh2] 05/6/2020 12:13

Low volume trading creates drift and prices never seem to drift up ;)

[discodave4] 05/6/2020 11:48

Still surprised at the action here.I reckon 63p eps for FY20 which puts this on a PE of 12. Perhaps the expectation was that they were going to beat forecasts by more than they have, who knows.

[gbh2] 05/6/2020 09:03

I trade in and out of their ISA, as you say £3 a trade very attractive.

[royaloak] 04/6/2020 10:19

Do not hold the shares unfortunately but a brilliant company for trading. As a regular trader Level 2 DMA paying £3 a trade am well pleased with them.

[discodave4] 04/6/2020 09:40

Beat forecasts and it drops!

[firtashia] 04/6/2020 08:30

To get the share price really motoring further we need the FY21 EPS and revenue estimates revised upwards, which are currently lower than the FY20 estimates. All eyes on any broker updates following today's trading statement, then the Prelims outlook statement and also the Q1 trading statement, usually in September.