Ig Share Discussion Threads

[gbh2] 09/8/2017 14:26

Still 6 weeks to ex dividend date so we could well be above 700p by then.

[manics] 09/8/2017 09:10

The 50 & 200SMA's have now crossed, as forecast, and we see IGG continuing to move up. Sadly for me IGG didn't come down to meet my price so I leave any immediate term gains to you good holders.

GL.

[gbh2] 08/8/2017 08:53

One step back and (hopefully) another leap forward ;)

[albanyvillas] 07/8/2017 09:35

surprised not taken off today

[crazycoops] 04/8/2017 17:33

This will not break out one way or another until regulatory situation is clarified. It's a bloody wide trading range tho which creates trading pops maybe - not for me, I'm happy to hold for the divi, confident that IGG will benefit medium term from tighter regulation.

[gbh2] 04/8/2017 16:23

Long time to ex date so time for it to do anything ;)

[cinquepercento] 04/8/2017 16:15

I have never seen such an annoying contrary undecided share as this one for a long time.

It just can not make up it's mind.

It needs to go above 650 or so to break out otherwise it will still go back down to 600 or so in the next week or so.

I am holding and waiting to top up.

[gbh2] 04/8/2017 14:36

Picked up a few more, can't see this being in the 600s for much longer, I'm thinking 750 to 800 by ex dividend date?

[caterham_ollie] 03/8/2017 13:29

toyin - here is the conclusion - my stop was 599 at 8am there were 2 MM's. One at 599 and one at 596.5. Barclays went to them with the price improved price of 601.9 so I got more than I could have. As annoying as it is, it all sounds above board. However, it doesn't help when the ADVFN chart and level 2 for that 2 showed the low for the day at 618. The moral hear everyone is out to get you and charts don't necessarily show the real lows (or highs?) of the day. Thanks again.

[toyin] 03/8/2017 12:46

caterham

Tell them you have printed out the trades for that period and no trade went through at your stop price and unless it is sorted you will take it up with the FCA.

All the best

[gbh2] 03/8/2017 12:43

I'd switch providers!

[caterham_ollie] 03/8/2017 12:29

This is the second time this has happened to me. I thought it was ME being thick, they are very quick to explain how I benefit from the price improver as I could have been even worse off. I think I will write a strongly worded email!

[toyin] 03/8/2017 12:21

caterham

Let me get this right. You use Barclays, a trade went through at 601.9 and they improved the price to drop it to 599 and stuff their own client! Please correct me if I am being thick. The fact is NO trade went through at 599.

All the best

[mnomis] 03/8/2017 12:10

Caterham, yes, Toyin and I both see it - 601.9. Log as trade error. Price improver? LOL. GL

[caterham_ollie] 03/8/2017 11:54

toyin the extra was the Barclays price improver which added 2.6p per share to make it 601.9.

[toyin] 03/8/2017 11:32

caterham

I think they are trying it on, I have seen the trade for 626 @ 8:00 it was executed at 601.9. I would be taking them on with this one.

All the best

[caterham_ollie] 03/8/2017 11:13

Hi mnomis - The trade was 08:00 on 01/08/17 599.30p qty 626. Barclays says that not everybody sees thei8r order book so it doesn't necessarily show up on ADVFN or similar... Then why doesn't the trade show up on their own chart for the day?

[mnomis] 03/8/2017 10:58

But, this was not an actual trade.

[mip55] 03/8/2017 10:20

Broker friend had a chuckle on this stop loss issue....a bit like the 1 trade means an RNS is coming she said. As she pointed out SOMEONE who's stop loss is triggered by the opening spread has to be the first to be stopped out. Imagine if they had a hundred customers who's stop losses had been triggered and the firm did nothing because they were waiting for someone to sell, the customer would be quite rightly aggrieved that they'd delayed executing their customers express instructions to sell at their stop loss level.The computers are programmed to sell if the stop loss is triggered, the opening minutes of the market are always the most volatile in terms of spread because not all of the prices are fully available in those few minutes. Firms hedge by widening the spread accordingly.

[mnomis] 03/8/2017 10:10

i.e. they got some shares from their customer on the cheap and not at a fair market price.

[mnomis] 03/8/2017 10:04

Caterham, I think you should log as a trade error and tell them to reverse it or complain. No trade went through the market, and this seems to be based on a pre-open spread, when they should surely only be executing on market in market hours? First trade went through 08:01:14 from what I can see (at 619.5), although something "off-market" seems to have gone thorugh at 08:00:37 for 626 shares at 601.9, and opening auction at 08:00:17 at 625.5.

[mnomis] 03/8/2017 09:40

What was date time and volume and will see if I can see trade?

[caterham_ollie] 02/8/2017 13:03

See here is what Barclays said: "Momentary price drop down to 597.75 triggered my stop 599.3". Fair enough but why doesn't my trade show on the ADVFN chart? "Not all trades from all brokers appear on ADVFN etc." I would need a direct access system to show everything...blah blah. Lesson learned. Noted toyin I usually do tbh I wasn't expecting such a sudden large price drop. More lessons. Thanks all!

[toyin] 02/8/2017 08:46

caterham

It isn't as simple as that, the spread can change every second it depends on the underlying market, take my e.g. JAY can have a spread of 8% or .6%. Make sure you know the spread and don't buy when its too wide.

P.S. It sounds like you might be putting your stops to close, market makers always hit round numbers. 599 is too close to 600.

All the best

[caterham_ollie] 02/8/2017 08:31

Thank you everybody and sorry for straying the thread away from IGG. This has happened to me twice before on stops that were no where near the lowest trade of the day. I only deal in equities, no SB or CFD's etc. I know they are going to say it was because of the spread but I will drill deeper for a better understanding thanks to your help. I'll let you know. Where can you view the opening spread after the fact?