Ig Share Discussion Threads

[andrewclarke99] 01/11/2018 16:13

Directors buying should energise this share price a little

[gbh2] 31/10/2018 13:27

Looks like profit taking for those that missed yesterdays prize share price

[woodhawk] 30/10/2018 17:18

I think you're right, rochdae. Personally, I've already done way more trades in 2018 than any other year.

[rochdae] 30/10/2018 16:57

Still find it odd that people are shorting a company that makes money from volatility. The most volatile markets for 10 years.

Time to short was at £9.

Strong time in the markets coming.

Revisit short in Jan once the consequences of the new regulations become clearer.

Roch

[cwa1] 30/10/2018 16:12

Afternoon

Some brief comment from Graham Neary from Stockopedia FWIW:-



IG Group (LON:IGG)
Share price: 611.25p (+5%)
No. of shares: 369 million
Market cap: £2,254 million
Directorate Change

(Please note that I currently hold IGG shares.)

It has been an exceptionally busy news day in my personal portfolio.

In response to this news, I've opened up the kitty and made my first equity trade since August, topping up my long position in IG Group (LON:IGG).

The company announced the rather abrupt departure of its CEO last month. No proper reason was given, but the statement strongly hinted that the Board had decided it wanted someone new with more technological and global experience, rather than UK-centric experience.

Today we get news of the new hire, and I'm impressed.

It's an existing Board member. She was previously the President of Verifone Europe. Verifone makes the terminals commonly used at retail point-of-sale.

She was also in charge of Global Enterprise Payments at Citi and Banking and Financial Markets at IBM.

You can see an interview with her at a fintech conference at this link.

My view: My first impressions of this appointment are extremely positive, and it has been enough to convince me that I need to make IG a bigger part of my portfolio.

Speaking more broadly about the company, I think perhaps the investment community hasn't appreciated the extent to which it is really a fintech play. Today's hire indicates its intention to focus on this aspect of its identity.

The truth is that it has been at the intersection of financial trading and tech-enabled communications for decades, ever since it started off with a telephone-only dealing service back in 1974. Over the decades, it has achieved a deserved spot as the number one CFD provider in th world.

Besides the big-picture reasons to own the shares, there are also the quantititative reasons. It passes no fewer than six Stockopedia screens (and a bearish short-selling screen, for good measure).

5bd86c5a3300bIGG_20181030.PNG

What are the risks? Well, there is the threat of more regulation, and uncertainty over the impact of the regulations which were recently imposed.

There is the weaker-than-expected trading which was reported recently. And there is uncertainty over the CEO position (which I believe has been satisfactorily resolved today).

While I could be completely wrong in my belief that IG has a bright future, I am pleased to have had the opportunity to top up my position at a 36% discount to the share price it was trading at just two months ago.

[gbh2] 30/10/2018 09:27

Out of that now, IGG my only gambling gamble atm.

[woodhawk] 30/10/2018 09:23

Nice one. GVC picking up nicely too - up over 6% in last 24 hours.

[gbh2] 30/10/2018 09:19

I wanted to get the cash into another stock before trading got going, no regrets :)

[woodhawk] 30/10/2018 09:16

Nice profit, but maybe a tad premature?

[gbh2] 30/10/2018 09:01

In first thing and out with a 4% profit before 9am, leaving my existing holding with a lower ave purchase share price and looking healthy :))

[arja] 30/10/2018 08:53

so let's see if a woman's touch can change things . certainly IGG is roaring today after the new appointment

[gbh2] 29/10/2018 15:10

Yep it's doing ok Woodhawk, but no profit in it for me atm, no hurry to sell :)

[woodhawk] 29/10/2018 11:20

Up 3.5% now, gbh2. Not bad at all. Double-bottom in?

[gbh2] 29/10/2018 09:20

Poor share price recovery when compared to my other holdings!

[bad gateway] 26/10/2018 16:39

Fraid this idiot hasn't got a trade on here Woodhawk. IG's my broker the last few months so I've watched the drop more as a bemused customer up to now.
Getting interested in a long though so appreciated the banter today and noted it finished off the lows at least.

[gbh2] 26/10/2018 16:36

Watch the DOW recover now :))

[gbh2] 26/10/2018 16:19

Relatively low volume driving it.

[woodhawk] 26/10/2018 16:09

I think we're all capable of making our own decisions. You called it wrong so many times on the PFC board it was embarrassing, Cinquepercento, so give it a rest with your 'wisdom'.

[bad gateway] 26/10/2018 16:07

Agreed, and looks to me like it wants to finish on the lows today so no need to rush into anything. Certainly the definition of a falling knife. Could be savaged going long too early.

[cinquepercento] 26/10/2018 15:47

Bad Gateway: RE:double bottom:

It looks like a double bottom short term but if you look at the two year charts back to Jan 17,it looks like it is about to fall off a cliff soon and continue on down a bit more.
Squeeze up the year trading chart to the previous drop around Jan 2017 and you will see there was initially the same apparently double bottom before it fell off the cliff.

So lets see what happens. :-)

[cinquepercento] 26/10/2018 15:21

.....

I have edited this and corrected my figures as I was incorrect.

Ignoring all other influencing factors and markets,governing rules to CFC trading etc......

Previous drop in Dec 2016 to Jan 2017, on trading chart here, was from
approximately 960 down to 425 and this recent drop is also from around 960 down to 565 so far to ????

So it could drop to 425 again and still be within the two year resistance and support trend.

So I suppose we should wait for around 450 or so to buy.

[woodhawk] 26/10/2018 15:18

Poss double-bottom?

[bad gateway] 26/10/2018 15:00

No idea why the drop. Could just be momentum picking up as capitulation of the bulls occurs?
Looks to be some decent support c.545p may have a long if it gets that low.

[andrewclarke99] 26/10/2018 14:56

That is quite a drop today. Any ideas why IGG should be hit so hard?