Ig Share Discussion Threads

[woodhawk] 13/6/2023 17:00

netcurtains

Take your 'concerns' up with the company then.

Filtered.

[netcurtains] 13/6/2023 13:59

Woodhawk:
ill-informed - WRONG
misleading - WRONG.

Anyone can logon via a laptop, type in a userId and Password and they are in.
That is not ill-informed or misleading.

Go on, try it yourself.

"IF" you have the mobile phone App then you get a token..... But only if you have the App. Its not automatic.

There is no warning message saying - TAKE CARE NO TWO FACTOR AUTHENTICATION.

[smurfy2001] 13/6/2023 13:10

CMC reported a 43 per cent fall in profit to £52.2million in the full year to the end of March, as revenues slipped 4 per cent to £311.4million.

Client numbers dropped 9 per cent to 58,737 as the platform struggled to maintain activity levels seen during Russia's invasion of Ukraine last year and the pandemic, when market turmoil had attracted more amateur traders.

The group also slashed its total dividend by 40 per cent to 7.4p.

[woodhawk] 13/6/2023 12:58

I've never had a problem with IG in the many years I've been using them. If you imagine that "this seems a bit of a security risk", then take it up with the company instead of posting ill-informed and misleading comments here.

[netcurtains] 13/6/2023 10:54

IG dont use good authentication. Eg you can logon without entering a passcode from your mobile.

This seems a bit of a security risk to me compared to the other big brokers and banks that do require passcodes from mobile or email.

I feel its only a matter of time before it gets badly hacked.... Unless I'm missing something

[woodhawk] 06/6/2023 12:49

I agree re IG, I used to complain regularly about delays in paying divis, but this seems to have been dealt with. I've stopped putting any new ISA funds into iWEB - they routinely do NOT credit ISA'd divis to account balance same day and they also take 3 days to process a cash withdrawl of cleared funds (IG - same day). Therefore, I'm using IG more instead - three-quarters of my portfolio value is now in IG.

[gbh2] 06/6/2023 12:25

Apologies woodhawk, I misunderstood the comment, as you say, IG seem to have taken the complaints about delay to heart and changed their payout process for the better.

I gave up my other accounts and consolidated everything in my IG Share-dealing ISA, admittedly I sometimes think about the limitations of the government protection guarantee but I feel IG is pretty safe (difficult typing with fingers crossed) :)

[woodhawk] 06/6/2023 11:44

gbh2,

This was some divis in my other account (iWEB). Unfortunately, they're not quite as efficient at paying up as IG (who are much improved over the past year or two). I only use iWEB as I don't like having all my eggs in one basket.

[gbh2] 06/6/2023 11:25

Odd woodhawk, I always find dividends land in my IG account at or just after opening.

[woodhawk] 05/6/2023 17:51

If my divis (diff share) had been credited earlier today, I would have done the same! I've given up trying to time the market, especially in these crazy times! Whole UK market littered with undervalued shares imo - some great divi yields currently from first class companies.

[pete160] 05/6/2023 17:28

I managed to time my top-up here at around the peak of the day - and my buys always seem to be the kiss of death to any share. Sorry folks

[woodhawk] 01/6/2023 15:31

Me too. Been out for a while, but have always done well with IGG in the past. Great yield at these levels. Lots of bargains about currently, imo.

[gbh2] 01/6/2023 12:46

I've been picking these up recently, been in and out over the years but these have rewarded me well, hoping that continues now I'm back in :)

[lovewinshatelosses] 31/5/2023 15:48

IG should give us investors some cheer in 50 days or so, with the next update, hopefully.
SP acting like some disappointment is being priced in though.
If the markets are right, I want to see the large holders here act upon it, perhaps unless June puts forward a clear action plan with precise targets and timeline for achieving them.
Last chance saloon, at that point, IMO.
But that is a bad scenario and I would far rather it be an entirely moot point, because the numbers should be great and TT should by now be on the up too...then I will be a happy holder again. If the next update after that one is even better, and TT is clearly bringing in some lovely, reliable profits too, then I will gladly say I misjudged June and her strategy and be happy that she is remunerated as she currently is.

[coxsmn] 26/5/2023 19:37

It's strange the market still hasn't grasped the relationship between market volatility and higher profits here

[lovewinshatelosses] 18/5/2023 19:01

I should have added that I took a small additional tranche the other day sub 7 quid. Not adding further until results now though. 12% roughly the TT value from memory, give or take, I think? If it was a high percentage, I would not be a holder right now, regardless of the billion sunken cost of the acquisition, which I agree is 'out of the way' now.
If it still stinks though, it will need addressing. But, like I said, let us hope that it is now shaping up to be a smart business decision. June is paid well. Expanding revenue is all well and good, but it is expanding profits that I want to see as a shareholder here. That is why vision and performance command the big bucks in a business. Well, plenty of examples where this is not the case of course, but it is a sound principle nevertheless :)

[adamb1978] 18/5/2023 18:13

I'm relatively new in this one but to me the focus and chat re TT is disproportionate to the size of the business and 'problem'. OK, they overpaid for it but its not loss making and then not really a drag on the business, aside from the capital which is a sunk cost.
I think IGG is very attractively priced from a risk/reward perspective

[lovewinshatelosses] 18/5/2023 17:47

I think even those currently in profit are a little uneasy (as I am) about the potential for TT to become a drag on the main business. Hence the share price today, even with all the buy backs!
While my current holding is slightly down, my historical gains from a prior core holding here, on top of side trading it, makes it one of my most profitable stocks to date. So, for me, it is not a question of whether I am in paper profit or paper loss territory.
IMO, if we see significant improvement in TT (with some clear, hard numbers in evidence), then we will see a re-rate. If we get that positive update, this will be on the runway back to becoming one of my cherished holdings once again. Then even more market confidence will return (IMO) if the next update after this summer one continues to show upward TT profitability. Anyway, fingers crossed for such a result.

[1knocker] 18/5/2023 14:11

I don't really understand the despondency here. Most are presumably 'in the blue' on their IGG holdings(and certainly will be on a total return basis). Isn't a price pull back just a buying opportunity?

I bought my holding in two tranches in July and August 2019, and am up 23%, plus the excellent dividends. A bit of financial turmoil and a drop back toward my purchase price would suit me down to the ground to buy more. That is probably asking too much, but I have a limit order in to buy at 660, and hope for the best.

[gemlotte55] 14/5/2023 13:45

Wonder why share price suddenly took a dip Friday

[masurenguy] 14/5/2023 12:58

Extract from ST article: "The stock has suffered accordingly: down from £8.22 in March to £7.22 now — off heights in excess of £9 in 2018. Shares are now trading at a forward price-to-earnings ratio of just eight for this year. By contrast, IG was trading at 20 times PE ratio in 2020, 10 in 2019 and 14 in 2018. IG Group has a high operating margin, strong cash generation, and positive exposure to higher interest rates. Meanwhile, a 6.3% dividend yield is clearly appealing, and a £200m share buyback is improving earnings per share, after strong momentum over the past three years. Yet the valuation remains near historical lows — adding one final reason for IG looking especially interesting right now: the cut-price shares and solid balance sheet mean it’s a realistic takeover target. Interest from the US could well emerge, but in the meantime, IG is worth a bet on its own. Buy."

[flagon] 14/5/2023 10:45

Sunday Times article behind paywall ...

Link :

[adamb1978] 14/5/2023 09:17

THanks CWA1. Anything enlightening in that article?

Good that they're being tipped though

[cwa1] 14/5/2023 09:02

Tipped in today's Sunday Times...

[coxsmn] 12/5/2023 19:32

Crazy we are back at these levels but it is what it is