Ig Share Discussion Threads

[the oxford whale] 01/6/2017 19:45

Yep well what they're suggesting is a tax on the transaction rather than profits, alot like stamp duty on shares is. Just applying it to more instruments. John Mcdonnell has specifically mentioned "derivatives" and that he believes there are many "loopholes" out there which people are using to avoid stamp duty. CFDs would certainly come under that definition imo...

[lingy] 01/6/2017 19:37

That's how I understand it too

[hopeseternal] 01/6/2017 19:25

Ive often wondered about taxation of spread betting. I keep reading that most spread betters lose. I assume if you're going to tax gains then losses must be deductible. However if most lose and losses are deductible then there's a loss to the treasury? I'm probably missing something here :)

[the oxford whale] 01/6/2017 19:08

Unlikely scenario, but how would labour winning and implementing a financial transactions tax affect IG ? Almost certainly it would apply to CFDs and maybe even spread betting. Surely it would destroy most of their revenue overnight?

[luderitz] 01/6/2017 08:42

An encouraging TS I thought, and so did the market.

[discodave4] 31/5/2017 23:30

(ShareCast News) - Despite a quiet fourth quarter for the markets, spread betting and CFD broker IG Group said revenue and profits for its fiscal year would be ahead of the previous year. For the three months to 31 May, the FTSE 250 company saw higher revenues than the prior year, when its house broker had expected them to fall. But IG said it now expects to report full year revenue around 7% higher than in 2016, though after a fall in the third quarter this is down from the 14% increase in net trading revenue seen in the first half of the year. Earlier in May, with the VIX volatility index trading at a multi-decade low amid volatility levels that have been low for some time, house broker Numis had trimmed its revenue and profit forecasts. But IG said profit before tax and earnings for the full year are expected to be "modestly ahead" of 2016, with total operating expenses in the second half of the year at around the same level as reported for the first half. This includes a rebate from the Financial Services Compensation Scheme relating to prior years. Shares in IG rose 4.4% by mid afternoon on Wednesday. Numis said the 7% revenue rise was slightly ahead of its bottom of the range estimate of £484.1m and a little below consensus of £495.8m for the full year. "We believe that achieving the second best revenue quarter ever, in such a trading environment, is a significant achievement and testament to the underlying growth profile of the business," analysts wrote.

[rimmy2000] 31/5/2017 16:14

this is looking really good now

[lingy] 31/5/2017 15:54

Breaking highrt😀

[smurfy2001] 31/5/2017 09:44

Fantastic glad i'm still holding.

[catsick] 31/5/2017 09:35

Yup 7 quid is a fair target

[discodave4] 31/5/2017 09:07

Based on the potential impact on revenue due to the FCA proposals, back in March I forecast year end Rev to be £480m, so pleased to see it's ahead of that at £488m, so eps at least 46p IMO. With a modest PE of 15x then 690 to 700 should be fair value here, again IMO.Have noted that since the FCA announcement in Dec that the two respective quarters (or H2) since then equate to a revenue of £243m, like for like last year it was £241m. So it could be fair to assume based on H2 that rather than expecting a 14% annual decline in revenue overall (due to investor losses on leveraged products being about 30% less in the U.K.), then the FCA impact could be significantly less than I first assumed - only time will tell I suppose, but holding these until £7.DD

[maurillac] 31/5/2017 08:46

Good update, short at your peril larvae this is going to £6 !
Gla longs
M

[toyin] 31/5/2017 07:44

Short away, but with all the cuts I believe social housing is difficult to get.

All the best

[larva] 31/5/2017 07:42

good chance to short this soon

[catsick] 31/5/2017 07:35

Sounds like eps is 46-50p , there is no justification for the massive puke out, business is solid and div will be increased slightly, growth with a nice div is still going to be maintained

[pj0077] 31/5/2017 07:20

Despite a quiet fourth quarter in financial markets, IG's revenue in the period was higher than in the same quarter a year ago.  The Company expects to report full year revenue around 7% higher than in the prior year.Full year profit before tax and earnings are expected to be modestly ahead of prior year.++++++++++++++++++++++++++++Reads like an earnings beat of around 5%

[discodave4] 30/5/2017 19:22

Trading update tomorrow, good luck holders.

[raffles the gentleman thug] 30/5/2017 11:07

Agree with that gary ... you can't kiss all the girls ...

[garycook] 26/5/2017 06:42

No advice intended.But when IGG dropped to around 450p.I wish I had been around to buy some.Good luck to all IGG Holders.Purchased a small amount of PFC yesterday afternoon at 409.I will buy more if it goes lower.RTGT thanks for your comments.Yes I missed the boat on IGG.Nevermind plenty more shares available ITV,& TW to name two.But not much value left around atm !

[mip55] 25/5/2017 10:19

"Take a look at PFC bottomed at 603.Now 611 to buy for risk/reward"PFC currently 405.1 ( a 35 % drop today ) ; COO suspended so resigned; Company being investigated for money laundering amongst other things .... think I'll forgo the advice thanks.

[raffles the gentleman thug] 25/5/2017 10:08

Your trouble is gary you want something for nothing and your expectation that nigh on £200m of clean cashola generation will be valued at five quid a share for any length of time is just plain ludicrous

[maurillac] 25/5/2017 09:36

Had a look at pfc but that's as far as I'm going ! Would rather buy more igg or pets on a dip ....
M

[garycook] 24/5/2017 14:35

maurillac,Not nuts I should have purchased at £5.I would love them to go back to £5,but no chance of that atm.Take a look at PFC bottomed at 603.Now 611 to buy for risk/reward

[mip55] 24/5/2017 14:29

Second-half pre-close update due in a week's time. 31st May

[maurillac] 24/5/2017 13:17

£5 ?? Gary Cooke are you nuts ? This is going to £6 !
M