Ig Share Discussion Threads

[lovewinshatelosses] 19/10/2023 22:43

Another inside sell. If the next update is not good, some of these people need to be fired, IMO.
This is a terrific business. We just need a strong CEO to harness the potential.
Which means scaling back pay in some areas and far better target-driven incentives, where the current high levels of remuneration in some quarters are predicated on a far higher SP, for one thing.

[lovewinshatelosses] 12/10/2023 17:49

I see on short tracker that a disclosed short has been declared a couple of days ago. That might explain some of the share price action of late.
Brave decision, all things considered, especially when IMO there are a lot of other outfits that offer a far better risk/reward ratio than this one, as far as shorting goes. Outfits without dividends or buy backs in operation, for example.
I hope they have got this one wrong anyway! GLA.

[f56] 10/10/2023 20:14

Tradejunkie. I suggest you take a closer look at things. They are worse than you think.

[tradejunkie2] 07/10/2023 18:50

Kutar jat.

[lovewinshatelosses] 06/10/2023 18:01

To a point, sure, although if they are going to feast on options that do not include a strike price that is significantly to the north of the current SP, then I would rather they simply increased the dividend.
To be clear, what I really want is them to have options with high strike prices, to retain the current dividend, and also to retain a significant cash balance.
Based on the share price performance this year, none of them should have been awarded any options, IMO. Hey ho.

[adamb1978] 06/10/2023 07:54

If IG could acquire a company on the sort of PE which they trade on, and which fitted exactly with their business, we would all want them to do so. Same logic applies to their own shares.

Another way of looking at it is that they're using surplus net cash which is earning very limited return to buy back the shares, which has to make sense

[pete160] 06/10/2023 07:14

If nothing else, I guess it helps defend the dividend cover on the remaining shares

[f880gna] 06/10/2023 00:16

And at what benefit to shareholders?

[adamb1978] 05/10/2023 08:22

"Since 2 August 2023, IG Group has purchased 10,546,255 shares at a cost of £70,036,389.55 (excluding fees and taxes)."

That's 2.5% of share capital bought back in 2 months!

[lovewinshatelosses] 04/10/2023 18:52

At least we saw a (small) inside purchase today. As I have said before, as long as the company does not do anything stupid and manages costs carefully in the months ahead, then recession or not, we should remain highly profitable, whatever the weather. Toying with adding a few more if we drop further than the current SP, but want to keep back plenty of ammo. Plenty of other attractive opportunities to consider at the same time too. Especially if we see a proper correction at some point fairly soon. And if the soft landing narrative by some miracle comes to pass, well, we will have bought some bargain price shares in recent times :) GLA.

[masurenguy] 04/10/2023 15:38

Hit a three and a half year low today. On last years dividend of 45.2p, the yield at todays Bid is 7.3%.

[lovewinshatelosses] 03/10/2023 06:00

They should never have raised the debt ceiling in the first place. As for the UK, we should never have allowed our debt to GDP ratio to get anywhere near the current level. Recessions are a perfectly natural part of the economic cycle. The one we are going to experience is going to be terrible, mainly because of all of the political interference since the GFC. So, more toxins to wash out of the body of the junkie :)
Anyway, the fundamentals, including the balance sheet of IG, means this is not going to be one of those. Although it should be doing far better, hence my gripes here.

[1knocker] 02/10/2023 22:00

Companies carrying debt are going to feel the heat. It is all very well raising the debt ceiling, but the money has to be borrowed, and with the FED and other central banks trying to reduce the inflation rate with interest hikes govt and the central banks are pulling in opposite directions - so expect higher rates for longer, and a spate of debt heavy companies to feel the squeeze, and a good many to go to the wall.

[lovewinshatelosses] 02/10/2023 17:28

I wonder what the targets for those options are? The BOD seem to have been pretty generous with the numbers, given how the share price has been languishing for months now, and 18% down for the 12 month period.
Reward for mediocrity IMO. Need a CEO who is going to put a stop to that.

[lovewinshatelosses] 29/9/2023 08:18

While the share price may well print a new year low at some point, eg whenever we see a proper market-wide sell off, the US debt ceiling will be addressed, as it always is. It is like a bad comedy sketch. Probably another extension to the last deadline, rather than raising it again, or who knows? Perhaps they will stop messing around and just drop the ceiling altogether? It is not like they have chosen to respect the ceiling for years and years now anyway, or shown any understanding for why it was implemented in the first place.
As for IG: Volatility is good for us. That is why I have been adding a few here in recent weeks, while most of my other positions I have been selling out or trimming profits.

[action] 28/9/2023 12:14

October volatility will play its roll if usa debt ceing not increased b4 1st of October. MM will create opportunities to buy cheaper. See CNBC for update on this.

[apad] 28/9/2023 10:39

"us debt ceiling not fixed"

Will you expand on that, ACTION?

apad

[action] 28/9/2023 10:11

Near to years low 432p. May see 600p if us debt ceiling not fixed.

[lovewinshatelosses] 26/9/2023 22:37

My VIX comment aged well (for a change), although still well short of a fair level of fear, IMO. Nonetheless, this may explain the rise today. Stupid of me not to have seen the correlation earlier. See what tomorrow brings. GLA.

[lovewinshatelosses] 26/9/2023 15:37

Not me buying today :)
No idea, but a pleasant change of scene.
IMO, we have been oversold for ages, but the movements of this one (which I used to have a pretty good feel for) have simply mystified me of late. Let's see how we get on with a test of the 50 DMA, which is currently 681.49.
If we break above that and hold support, IMO that will increase potential interest here and should see an attack on the 200 DMA fairly quickly, IMO. Subject to wider markets playing nicely of course etc.
But, as I said, my feel for this one has been woeful for a while now, so I am ready to be proven entirely wrong :) GLA.

[mister md] 26/9/2023 15:35

edit: Any particular reason for the 5.5% gain today ?

[mister md] 26/9/2023 14:24

Any particular reason for the 4% gain today ?

[lovewinshatelosses] 21/9/2023 19:57

I took a small amount more today at a sub ex div price. Some people think the VIX is broken and no longer a good barometer for fear. I disagree. Might well get a cheaper price still, but as long as we avoid any silly adventures (and get busy on cost cutting) then I remain confident that this name should do well in the months ahead. Now up to almost 50% of what I once held here. I will happily increase that position on evidence that we are back on track. Even though it would likely mean buying north of my current average (circa 690p, since you asked). Time, as always, will tell. GLA.