Ig Share Discussion Threads

[gbh2] 28/4/2022 10:00

I'm well impressed by the way IG is now paying out dividends on the day and if transferred out the cash is in the bank in minutes :)

[yf23_1] 08/4/2022 16:18

Yes, volatile days, IGG should be creaming it because you have the gamblers on the short/long and the covering of positions as insurance.

[hpcg] 08/4/2022 14:13

The volatility in this share is quite extraordinary, and frankly a bit nonsensical.

[jimbo123elf] 08/4/2022 09:01

CMC guidance upgraded.

[wall street trader] 04/4/2022 11:04

sorry wrong share lol please ignore

[wall street trader] 04/4/2022 11:04

I've closed my spreadbet for a nice profit but will hold the shares for the long term now and hope the divi comes back

[jimbo123elf] 28/3/2022 17:01

Edging higher

[coxsmn] 25/3/2022 18:40

24-Mar-22RBC Capital MarketsOutperform1075p

[km18] 16/3/2022 16:37

IG Group plc issued a Q3 revenue update for the three months to 28th February this morning. Q3 FY22 was another consecutive quarter of revenue growth for the Group, with net trading revenue from continuing operations up 13% to £257.2 million. There was an all-time high in the number of active clients of 292,200 (Q3 FY21: 220,900), but first trades were down 32% to 25,600 as anticipated, although still up on pre-Pandemic averages. Ytd group revenue from continuing operations was £729.1 million, 14% up on the same 3 quarters a year earlier. Guidance for FY22 was moderately positive with numbers expected a little above the £891m consensus. The newly acquired US tastytrade business is running a little behind expectations. Valuation is attractive for the sector, the business is high quality. But the share price lacks some momentum and business levels are still adjusting from the COVID spike. Conclusion IG is a solid and growing business and a decent investment, but it is a share to monitor for the time being...

..from WealthOracleAM

[coxsmn] 16/3/2022 15:18

Tasty is easily absorbed with the strong cash generation here

[lovewinshatelosses] 16/3/2022 13:53

A few people were not sure about the Tasty purchase (me included), but a new broom almost always likes to try and do something big early on, to make their mark etc.
Thus far, it is certainly proving the doubters right, albeit not a disaster yet. Hopefully it will at least wash its face in the years ahead. This is slightly offset to my mind with the decent inside buying here - not referring to the DRIP ones of course :)
I still feel like we are being positioned for a take out, which the Tasty acquisition was an early indicator of, IMO.
A hold for me, but might take a few more if we revisit the low 7's. GLA.

[anhar] 16/3/2022 09:16

I'm purely an income investor and sold the majority of my IGG shares not long ago because I was concerned about tastytrade and the potential for it to cripple IGG divis. This update has not alleviated my concern, they say:

...For tastytrade, given the slower growth in US options trading volumes in Q3, which have persisted into the start of Q4, revenue growth may remain below the previously guided 25 - 30% range for FY22, depending on market activity through the remainder of the period...

I continue to think that this completely unnecessary and overly expensive acquisition with its ridiculous name, bought at the top, will I fear prove a serious problem for IGG when the inevitable big downturn in US option volume hits. IGG before tasty was a much more attractive investment imo. Can't be sure of the future though so that's why I've retained a relatively small holding for the time being.

[prokartace] 16/3/2022 09:05

The business performs better but the share price doesn't!

[eigthwonder] 16/3/2022 08:49

Market was told tasty was a 30% grower last year. That became a 25% and now we’re told it won’t hit that. Don’t get me wrong, 20% (if achieved) is pretty good going, but it isn’t as good going as promised when the deal was done. Still, history shows that IG tends to perform as a business better than the rating and doomsters suggest.

[cwa1] 16/3/2022 08:28

Q3 FY22 was another consecutive quarter of revenue growth for the Group, with net trading revenue from continuing operations1 of £257.2 million (Q3 FY21: £226.7 million) up 13%, or 1% on a pro forma2 basis, against a very challenging comparative period which included the extraordinary 'meme stock' related volatility. This reflects an all-time high in the number of active clients of 292,200 (Q3 FY21: 220,900). As anticipated, first trades in Q3 FY22 of 25,600 were down 32% on the prior year (Q3 FY21: 37,600) but continued to be significantly higher than the pre-pandemic quarterly average (Q1-Q2 FY20: 13,200).

Market underwhelmed

[sg31] 04/3/2022 15:10

It's just been getting battered down along with the rest of the market.

[coxsmn] 04/3/2022 14:37

Will be dealing huge volumes here, bodes well for upcoming trading update.

[yf23_1] 03/3/2022 21:35

Gotta agree Tourist, I thought with this volatility the share price would be up not down, seeing as they make money on turnover.

[tourist2020] 03/3/2022 16:34

Well yes, today wss a semi-capitulation but my comment related to the last month

[coxsmn] 03/3/2022 15:07

Market a sinking tide today dragging down all boats.

[lovewinshatelosses] 03/3/2022 14:58

General market sell off, IMO. Although maybe some are selling after IG stopped people from buying certain assets recently. Not all other brokers have placed such trading restrictions on their clients.

[tourist2020] 03/3/2022 14:37

I must admit I am a bit perplexed at the share price weakness in the current environment:
1) volatile markets are supposed to be good for Options trading and IGG
2) there is a wave of money exiting anything Russian and many things international .... a FTSE 250 stock with limited overseas exposure would seem to be a good place to park it

Maybe the market is worried about exposure to client losses, but IGG is historically one of the best hedged operators. Its relative performance to CMC YTD is 5% worse ...

Anyone have any ideas?