Ig Share Discussion Threads

[its the oxman] 11/3/2021 07:54

Very positive for ig but also plus and cmc who must be seeing similar trends, all the forecasts will need nudging up I suspect and the drop off/ normalisation next year may end up being less than current forecasts presume.

[allonblack] 11/3/2021 07:52

Growth in clients, normal share trading, by geography all mean this is an 80p stock in normal volatility. Markets are opening up to to a wider audience and this stock is pole position. Check out the web traffic for tastyworks. It has doubled in a few months. Should be 1100 imo.

[simplethesis] 11/3/2021 07:50

Numis, house broker, estimates up 16% this year. 7% next year.

- increasing our FY revenue estimate by 8% to £832m from our previous forecast of £774m. This still assumes that Q4 revenue will fall to £185m,down 28% on Q4 last year. Our EPS forecast for this year increases by 16% to 92.8p from 80.3p.
- For next year, our EPS forecast increases 7% to 68.6p from 63.8p, as we
continue to assume a significant hangover period next year
- EPS forecast for 2023 increases by 8% to 83.9p from 77.1p.

[its the oxman] 11/3/2021 07:40

Strong figures and outlook / continued trading , with the ever present caution re a return to normalisation comments , but it may also be the case we have a new much higher normal going forward.

[paulisi] 11/3/2021 07:21

Cannot knock those results - we thought the growth may be a short term thing, but seems to be sustaining.

[rcturner2] 11/3/2021 07:20

Does anyone have any broker forecasts for FY eps? Any ideas on how these revenue numbers translate into eps?

[sirrux] 11/3/2021 07:14

Business is booming and in this business that attracts more business as no client wants a broker to fail. If they can improve on customer service (the UK brokerage sector seems to be plagued by this), would be better. Tastytrade has good ratings on that front.

[rcturner2] 11/3/2021 07:06

Superb results here today.

[tourist2020] 10/3/2021 15:24

Looks like a few people are expecting good sales update tomorrow. Lets hope its not buy on the rumour and sell on the news ....

[chess123] 04/3/2021 11:01

Q3 revenue update next week , should be good hopefully push share price above 800p .

[rcturner2] 03/3/2021 13:26

Developing some positive price momentum here.

[anhar] 24/2/2021 10:26

Thanks. My main reason for holding IGG, or any share in my port, is income. I bought long ago at a substantially lower price but it still shows a good yield even today, though divis have been held for a few years.

[hpcg] 24/2/2021 10:22

anhar - which is why the share price reacted positively.

[anhar] 24/2/2021 10:17

I'm an investor in IGG and would never dream of playing the mugs game of spreadbetting. All I care about is IGG's health, not that of the punters who gamble with them and mostly lose money. Same as holding any bookie or casino shares. So anything they do to improve the bottom line is fine by me, it may help to improve the dividends.

[hpcg] 23/2/2021 22:02

ddubzy - I have spread bet accounts with IG, Spreadex and City Index. The latter is my smallest as it has least coverage. Spreadex middle partly because I started it later than the IG one, but it has decent coverage and some equities IG doesn't carry but also glaring omissions like no VIX. IG my main account because it has much better coverage than the other two. I can't vouch form CMC or Saxo. People need to look through the list, 50% were ETFs, some South African, some US and of course some UK. However to say they now offer no small caps is so far from the truth. In any case illiquid stocks are awful to trade with spreadbets just because of the spread. It is also possible to tell from the list that they are cutting exposure to Platinum Group Metals and to some companies that have poor balance sheets. But plenty of companies with poor balance sheets still to trade. Fuss over nothing IMO.

[casholaa] 23/2/2021 21:24

I think that money is usually made off the prices and the spread by such companies win,lose or draw, it's bread & butter. If I were to go short on igg, I'd be hoping they were looking to diversify into shellfish exports to the EU.

[ddubzy] 23/2/2021 17:46

Pretty shocking decision by IG, the 100p/c margin I could accept, but to close out positions within 1month and never to be able to trade those instruments again is shocking. I have a Tradefair account which I've reopened some of my positions in but they have limited instruments. What other SB company do people use? Of course the recent announcement will have a positive impact on IG bottom line as many retailers are forced to close positions early for a loss, me included! Unfortunately many PI's will now leave so that's a negative for IG, I've been an IG customer for approx 15years and will be leaving once all my positions are liquidated. Sad times.

[allonblack] 23/2/2021 15:22

What ig dont need is retail guys demanding price and size and a guaranteed exit in illiquid stocks. So this move is a sign that they are printing money and dont need the illiquid wrong way risk these stocks present.

[gbh2] 23/2/2021 11:41

I've just ordered a Ouija board to attempt to contact the (so called) IG Customer Service in the land of the Dead!

[scorpio51] 23/2/2021 11:30

Sold out here. The current PR disaster, coming on top of the ridiculous Tasty acquisition, makes management look clumsy and foolish. The more nimble CMCX is a much better bet imho.

[wasteof] 23/2/2021 11:29

With regard to the purchase of 'Tasty' may I plagiarise a quote from today's D Tel?

When an acquisition goes wrong, one of three factors is usually to blame. First, the purchaser enters a new country and a new market at the same time, and finds that it does not understand or have the right experience and skill set for one or the other, or even both. Second, the acquirer hopes to use a big, transformational deal to create earnings momentum where none exists. Finally, the buyer is so determined to get its prize that it overpays (and possibly compounds that sin by taking on too much debt to fund the deal).


W

[chess123] 23/2/2021 08:26

No matter what a company decides to do regarding different strategies, at the end of the day the share price , says it all and unfortunately not many agree with them and are selling there shares moving money elsewhere, i still think the tasty deal with the scant earnings guidance , which settles may 2022 could hold IG back for a good while as you just can't see much about tasty apart from the B/s . GLA.

[discodave45] 22/2/2021 23:38

Here you go:HTTPS://mcusercontent.com/194817d8a74f8fc3bb2aa12cc/files/e8ed843e-d134-4785-bbef-02e072af83bc/Stocks_to_100_margin.pdf

[davr0s] 22/2/2021 22:17

Probably but the Comms as a long term user of the platform (10+ years) is pretty poor IMO

[luderitz] 22/2/2021 22:13

I agree IG’s action seems nothing less then sensible for shareholders.