Ig Share Discussion Threads

[gbh2] 22/3/2018 09:22

I'm out atm, never turn my nose up at 5%
good luck to holders.

[anhar] 22/3/2018 09:12

IGG current yield still above the FTSE100 so I remain in but my exit point which is when it matches the index has drawn closer than when I bought.

I'm only here for the divs, don't care about capital flucs, and bought IGG at 530p in January 2017 for its then 5.9% yield which was well above the index.

As it happens my strat is not bad on capital either over the many years I've followed it though that's not why I do it. For me it's only about income.

[catsick] 22/3/2018 09:04

Great quarters figures, nice bit of volatility for a change creating some excellent revenues ... trade war with china should keep them busy !

[mister md] 14/3/2018 11:29

catching a falling knife rarely works, but in this case my purchase at approx 500p did rather well ...

[gbh2] 14/3/2018 09:22

Looking good atm, £9 on the cards :))

[gbh2] 03/3/2018 16:40

Thank you for commenting, my first year using them as a broker so I think a little paranoia was creeping in by 4:30 yesterday:)

[hpcg] 03/3/2018 13:28

IG credit accounts after two day's settlement generally.

[woodhawk] 03/3/2018 13:28

IG told me a while ago that it took a day longer than normal to pay into an ISA account (rather than a regular sharedealing account). I have a SIPP account too - I guess that might be the same. I also have Halifax accounts - I usually find that they pay about a day or so before IG Index. At their worst, IG once took a week to pay the divi into my account (but only in one instance ever).

[gbh2] 03/3/2018 13:18

Anyone familiar with the IG Share ISA like to comment on just how long it takes IG to pay out their own dividends?

I have IGG shares in both the Halifax and a IG ISA, the IGG dividend was paid into the Halifax around midday on the 2nd but not a sign of it in the IG ISA by the end of the day!!

[gbh2] 22/2/2018 15:29

I didn't expect such a Sudden drop today but it was a welcome opportunity to buy a few more.

[mister md] 14/2/2018 08:21

Great shareprice performance, all things considered

[catsick] 09/2/2018 08:53

I thought that IG had said they we not making a big thing of crypto as was all the small punters playing it who can go lose their 500 quid stake with plus 500 , my experience of people I have met who are trading it is they were either working on it for years and have made millions or they have been suckered into in the last few months and have less than a single bitcoin and expectations to make a fortune....the spreads seem huge so I am sure Plus 500 and ig will be making healthy profits .

[raffles the gentleman thug] 08/2/2018 09:49

Ok thx for clarification

[hpcg] 08/2/2018 09:46

Raffles - unlongable means they already have an outsized position and do not want to add more risk. A good indicator of the overweight long is that they pay an annualised 17.5% for short positions held overnight. As much as anything shorting cryptos is a potential income play. On the flip side the interest rate for holding long positions is a lot higher. (I can't remember exactly, I'm not interested in that direction, 25%?)

[privileged] 08/2/2018 08:20

They hold 20% of all open contracts on CME.Unlongable for the likes of you and me but think they let some big players into these things firstI've been very happy to short crypto anyway :)

[raffles the gentleman thug] 08/2/2018 07:48

Eh ? My experience has been that for most of the past year cryptocurrencies have been "unlongable" through IG Index so I struggle to see they ever were a big source of business.

[privileged] 08/2/2018 07:42

Yep agree IG are very big in crypto and one of the easiest places to take a position - well done to them. It was interesting their trading platform took a long time to come up Tuesday morning probably trying to sort out all the liquidations and margin calls.Agree they profit from volatility but not black swans (think back to CHF EUR which went badly wrong). Maybe this week wasn't quite black Swan enough to impact themESMA is the next watch out. Share price nearly back to the level before this was announced now

[hpcg] 07/2/2018 17:21

And then lost it all! From the chart you can see in 2011 it went from about 19 to about 6, and in the few months from Aug 2015 to Jan 2016 it also lost 3/4 of its value. The big gains only came from after that, and even more so from mid 2016. So in the first 5 years the gain was 50%, i.e. 11 to 16.

[raffles the gentleman thug] 07/2/2018 15:34

The XIV ETN began trading at the beginning of December 2010 at approximately $11.04 per share. Between December 3rd, 2010 and January 12th, 2018 the price of XIV had risen by $133.71 to $144.75. This represents a 1,211% gain in eight years. Essentially an investor multiplied their money by 11x in that time frame

[hpcg] 07/2/2018 15:11

privileged - I would be a bit surprised if anyone used IG for an XIV short volatility strategy. IG themselves might take a hit, but I bet they get it back from people going long vol at the top. In general the only people that can make consistent profits from long or short vol are the service providers who collect the contract decay come what may.

Anyway, I imagine the spreadbet providers are making hay at the moment with cryptos and a sharp turn in the equity markets. I bet plenty have been caught on the wrong side of the dollar in the last month too.

[catsick] 07/2/2018 00:01

I doubt there is a lot of forced liquidation, we are still not that far from all time highs in most markets and vix related product will be heavily margined and a tiny tiny fraction of business, in general volatility which has been lacking recently will be very good for business.

[privileged] 06/2/2018 03:23

Forced liquidations must be some people who can't cover on the cliff edges on dow and anyone short volatility.Profit warning tomorrow??

[catsick] 06/2/2018 01:43

Return to lots of volatility must be making plenty of profit for IG this quarter..

[gbh2] 30/1/2018 11:56

Had to sell my GSK to take advantage of that drop.