Ig Share Discussion Threads

[cwa1] 15/12/2020 07:39

Short and sweet :-) Following a very strong first quarter, the Group performed at comparable levels in the second quarter generating revenue of around GBP207 million (Q2 FY20: GBP120.8 million), driven by elevated trading volumes across a larger, total active client base of 207,000 clients in the quarter (Q2 FY20: 133,800). The Group's active client base has now materially increased in size over the prior year, benefitting from a continuation of strong client acquisition. Net trading revenue for the first six months of the current financial year is expected to be around GBP416 million (H1 FY20: GBP249.9 million

[growthpotential] 14/12/2020 11:47

I agree, if he's never bought then how can he be selling :)

[qvg] 13/12/2020 19:50

you seem to get around ChicagoHack, do you ever buy anything?

[chicagojack] 12/12/2020 19:38

SOLD AND HERE'S WHY BRILLIANT ANALYSIShttps://t.co/0eHpciFTgb

[sir bean counter] 12/12/2020 10:13

Also thinking Rounder2's 78p EPS estimate for the year is very reasonable and achievable - that would be amazing and obliterate analyst consensus estimates (which are way too low) on IGG's website. Hopefully increased client numbers is a lasting trend that will drive revenue going forward, and more reliable than market volatility, which comes and goes long term. A minor issue in the trading updates is IGG are usually conservative in their outlook ("volatility will normalise soon"), and that can hold back the share price on the short term. But possibly it's better to manage expectations in the ST, then subsequently go on to beat them. All IMO and good luck all...

[sir bean counter] 12/12/2020 09:59

Eagerly anticipating Tuesday's update, reckon they have a fighting chance of beating Q1's £209m met trading revenue, or at least being close to it. If made to guess a Q2 figure, I'd go for £210m, though could be way off either way. Anyone else have any Q2 projections?

[rhatton] 10/12/2020 10:11

Bitcoin will still be tradable just not on IG UK

[otemple3] 10/12/2020 09:38

I imagine the announcement that you can no longer trade bitcoin caused the drop as I imagine with its volatility that is quite an earner

[podgyted] 09/12/2020 23:35

Big fall at the end of the day - surprising given the VIX rose 7% today. Looking forward to the TU next week. Think it'll be good BWTFDIK.

[kinwah] 03/12/2020 15:08

Although it is a hefty increase in the commission rate, it isn't a big factor in whether or not you trade in small-cap CFDs. There are enough other things to worry about such as the tiered margin - I have to put up 75% margin in the top tier and whether or not you can make money on the trade. IG will argue that they are just recovering their costs by raising the commission rate on small cap CFDs. The extra cost for me is insignificant in the overall scheme of things with share prices doubling or halving this year.

[luderitz] 30/11/2020 09:53

Have they done this sort of thing in the past if so did they lose out or not? Does anyone know?

[glavey] 30/11/2020 01:42

Not if it puts people off taking positions. It's a lumpy increase.

[kinwah] 29/11/2020 23:41

IG are increasing their commission rates on non-FTSE 350 share CFDs by 250% from 0.1% to 0.35%. That should be good for their profits.

[sick of it] 25/11/2020 16:56

IG is superb for me. I trade shares weekly on ISA.Better than the rest, no outages for me

[wildshot] 25/11/2020 14:27

Too true muzmanoz. Not sure if Energeticbacker is the same person behind the InvestorsChampion user name who used to constantly spam these ADVFN boards promoting their website which I'm not inclined to use. I lost even my faintest risk of an interest in their analysis when they posted here a few months ago that they were surprised IG held their dividend at the same level as before. As I pointed out this had already been signalled in previous company announcements. Just goes to show how "in-depth" analysis Investors Champion must perform. I'm inclined to block Energeticbacker from my feeds.

[muzmanoz] 25/11/2020 11:06

Not a great sell for investors champion when you can't post about the right company.

[energeticbacker] 25/11/2020 10:58

Impressive interim results. Adjusted operating profit increased by 13.3% to $32.4m but reported profit was only $17.1m after $13.1m of adjusting items. Investor's Champion struggles to agree with many of the adjusting items which this acquisitive business incurs with regularity and represent, after all, a permanent loss to shareholders. The LTIP charge of $2.4m, while non-cash, is still a dilution and cost to shareholders and a permanent feature of the numbers.

[farrugia] 23/11/2020 10:06

Any experiencing problems with IG. I deal shares with them and am getting the error when trying to buy shares 'Market not available online The market you have requested is no longer available online' I'm getting the error on all shares! i'm just trading shares so it shouldn't effect them. I'm basically locked out right now!

[growthpotential] 17/11/2020 01:13

Any more details on those 3 growth drivers?

[woodhawk] 16/11/2020 12:06

Good to know, thx Garycook!

[garycook] 16/11/2020 11:53

Hargreaves Lansdown.One of the best,but you have to pay for quality,Dividend paid on payment day,and around 12 Noon Interactive Investor even better the dividend is credited to your account before the market opens on payment day.DYOR

[luderitz] 16/11/2020 11:43

Barclay's are the same (late payers) but their trading platform is the best I've used in 20 years having tried most brokers so not a great problem.

[woodhawk] 16/11/2020 10:36

I like IG generally - the only bugbear is the irritating late payments. The downside with iWEB, although I find divi payments very reliable, is that the platform is prehistoric. I only use them so as not to have all my eggs in one basket.

[gbh2] 16/11/2020 10:24

IG are always slow to pay dividends, they told me it's something to do with some obscure movement of cash between where it arrives in their organisation and where it's Paid out, in their favour is it does arrive and their regular trading cost is only £3.