Ig Share Discussion Threads

[idiotsinthe darkrizandlintard] 15/9/2021 16:04

Agree with prokartace - The stock should outperform into the ex date as it does attract income investors and funds. After that if market believes that the strong trend in the numbers will continue into year end then it will go ex well.

however should it underperform into the ex date I think that will be very bad for the event.

GL all

[tourist07] 12/9/2021 19:18

Interactive brokers reports 8% decline in DARTS August over July, but up on last year.

hxxps://financefeeds.com/interactive-brokers-reports-fewer-darts-august-2021/

Robinhood also predicts lower volumes in the 3rd quarter.

Projected 25% growth for Tasty is going to take some defending (at the Q1 tracing update) I suspect.

Is it already in the price? We will see soon.

[soho2] 09/9/2021 09:46

Safer to wait until the update before buying more, they also go ex-div on the 24/09 @30.24p

[anhar] 03/9/2021 10:00

Q1 Revenue update due on 16 September from IGG

[hpcg] 02/9/2021 16:16

On 17 Aug PLUS said "The Board expects revenue to be significantly ahead of current compiled analysts' consensus forecasts, with sustainable growth to be delivered over the medium to long term "

On 22 July IGG wrote

"Core Markets is replaced by 'Core Markets+' and now includes Japan, Emerging Markets, and IG Prime. We anticipate the revenue generated from these businesses to moderate in FY22 and then deliver growth of 5 - 7% per annum over the medium term, up from the previous 3 - 5% guidance

- Significant Opportunities is replaced by 'High Potential Markets' and now includes tastytrade. We anticipate revenue growth of 25 - 30% per annum over the medium term from pro forma FY21 1 , with tastytrade aiming for revenue growth at the higher end of this range over the medium term and above this range in FY22, as the business is early in its growth lifecycle."

and

"Following a sustained period of strong acquisition, elevated demand and new client retention, IG now services a substantially larger client base, which provides a quality asset going into FY22. Today, we believe that we are in a better position than ever before. We have announced revised and upgraded growth guidance that reflects our outperformance in FY21, our strategic acquisition of tastytrade and the quality of our client proposition, putting us in a position of strength to continue to deliver sustainable value for our shareholders."

CMCX reported this today:
"Offsetting this, overall market activity has remained subdued through July and August following on from the moderation in activity reported in Q1. Reduced volatility in markets has resulted in lower trading activity across both the newly acquired and existing cohort of clients. Similar trends have been seen across our non-leveraged and leveraged businesses."

CMC is out of step, and frankly I would describe lower trading volumes in the summer as conventional seasonality which should be utterly predictable. So IMO CMCs projections were likely at fault. Of course events will show whether I am correct or not, but irrespective to some degree because at this price I think IG is very much a takeover candidate.

[tourist07] 02/9/2021 16:09

And the read across to US trading volumes will be relevant given the leveraged acquisition of Tastytrade .... US markets are more vigorous than the FTSE both in volatility and direction so maybe not so much of a trading slowdown. We shall see.

[ddubzy] 02/9/2021 15:50

Pretty amazing how quickly a profit can diminish. If only CMC presented a solid update, this could have been 11pc up, haha, yeah right!

[ramridge] 02/9/2021 15:34

Last year IGG produced a Q1 revenue update on sept 17. Given the read-across from CMCX, the market is clearly very nervous. 11% fall today.
Justified? a chance to make a fat trading profit?
DYOR and be very careful

[wall street trader] 02/9/2021 14:42

Would be interested to see some stats for a strategy around that which would give an edge

[prokartace] 02/9/2021 11:47

I have studied shares coming within weeks of going ex and can definitely say that they, particularly high yielding ones, outperform. Then they underperform after going ex, ie in the weeks following they fall further than the dividend paid out. Very often for a trade I buy shares, particularly high yielding ones in the period leading up to ex dates. Long term buys I often make after shares underperform after going ex.
Obviously normal market movements can affect this. In the case of IG I might be in trouble if the market believes that CMC's warning will have a material affect on IG and continue to knock the share price

DYOR

[colinbicknell] 02/9/2021 11:29

There is a dividend coming up in Sept which in theory should help to push the price back up


That's a new logic on me GL

[tourist07] 02/9/2021 11:28

Looks like CMC revenues are falling off a cliff. Guidance for Net Operating Income was 330 million on 29 July, and a month later revised to 250-280 million. Ouch!

[wall street trader] 02/9/2021 11:06

I'm going to add if this gets to around the £8 level Summer months results from CMCX are not unusual and this business is strong with a healthy dividend

[prokartace] 02/9/2021 08:51

Right or wrong I have bought this dip. There is a dividend coming up in Sept which in theory should help to push the price back up

[cwa1] 02/9/2021 08:23

Ah, was wondering what had spooked it. That would do it

[rcturner2] 02/9/2021 08:12

Sold mine first thing after the CMCX profit warning.

[hpcg] 20/8/2021 15:43

IGG is a fantastic counter-market mover given volatility increases trading volumes. I'd like to see it truly breakout though.

[rcturner2] 20/8/2021 14:57

Good forward momentum in the share price.

[managecape] 10/8/2021 14:39

Fully agree about brokers' recommendations being at the same time untrustworthy and yet short term share price drivers. Meaning, if you are an investor, you'd be curious but unconcerned. The good ones move on to buy-side at a fund manager where they can earn more money.

[wynmck] 06/8/2021 08:50

RBC increase tgt to 1075(1025)

[wynmck] 30/7/2021 11:46

Jeffries Buy and raises tgt to £11 from 1050p

[growthpotential] 26/7/2021 22:37

Needs to shoot back to 950

[tourist07] 26/7/2021 17:33

Quite a leap on the closing bell and my brokers site is showing 896 close .... any insights?

[hpcg] 23/7/2021 15:03

anhar - yes, same for Morrisons, and quite possibly for all the perennial takeover candidates that haven't been. 1200p would be a 5% free cash flow yield, which in turn is growing at +10% a year. Even the 12 year olds at investment banks could put a presentation together for PE with a cost of capital at 2%. It doesn't even need to grow to beat long term treasuries / gilts (30 year gilt at a touch over 1%). I don't for one minute think IG has put itself on the block, or been positive to any feelers that may have been put out, but ultimately if investors in the public market refuse to assign a sensible value then private money will.

In your terms we are paid to wait anyway, so it doesn't matter. What I see with my own eyes is PE filleting the LSE of any half decent companies and leaving miners and oilers, which are the only companies that seem to catch the eyes of most local investors.