Share Name Share Symbol Market Type Share ISIN Share Description
Ig Group Holdings Plc LSE:IGG London Ordinary Share GB00B06QFB75 ORD 0.005P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.12% 838.00 3,439 08:03:59
Bid Price Offer Price High Price Low Price Open Price
836.50 838.00 840.50 836.00 840.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 657.70 295.90 65.30 12.8 3,103
Last Trade Time Trade Type Trade Size Trade Price Currency
08:03:59 AT 300 838.00 GBX

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Date Time Title Posts
11/6/202101:15IG Group3,025
24/7/201810:29IG Group (IGG) One to Watch on Tuesday 8
05/8/201110:55 * IG Group *38
15/9/201010:32IG Group342

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Ig Daily Update: Ig Group Holdings Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker IGG. The last closing price for Ig was 839p.
Ig Group Holdings Plc has a 4 week average price of 833p and a 12 week average price of 833p.
The 1 year high share price is 960p while the 1 year low share price is currently 726p.
There are currently 370,299,455 shares in issue and the average daily traded volume is 1,208,377 shares. The market capitalisation of Ig Group Holdings Plc is £3,106,812,427.45.
its the oxman: Ig share price has only just got back to where it was mid 2018, earnings are growing nicely, tasty acquisition may be churning out a lot of the more conservative holders, possibly new buyers are willing to push the rating higher for a faster growing ig , if that is as I suspect what we get. Personally I think a lot more people have been drawn into trading actively as working from home etc. And just wait and see what happens when the div is eventually increased. Rose tinted glasses but very possible.
anhar: "Learn what moves markets when" That's amusing. You can't know but I've been following the market and investing for many decades and I know for certain that broker notes like the above are useless as an investment guide. They rely on the fact that people forget about them almost as soon as they are published, but have you ever seen an analysis of past broker advice and how it worked out? You'd have long since given up on shares as a dead loss if you followed them. As I said, the real reason they issue them at all is for advertising purposes, it helps to keep their name known. They know it's useless, every pro knows it's useless and I know it's useless. No serious investor would invest on the strength of this nonsense. It makes astrology look preferable as an investment guide. Then there's the false small investor belief, which I'm guessing is what you mean, that they move markets very short term. Of course they don't because by the time they are published somewhere like this forum, any possible effect, even if it exists at all, is long since in the price. But like clockwork, small investors on all forums like this, repeat this rubbish in the belief that they are contributing some valuable information to other readers here. More like disinformation. And you are ignoring the fact that the market in large caps like IGG is made by the institutions who own most of the shares, the trades of the small private guy are irrelevant. Do you seriously think that big instittutional investors are influenced by some one line broker comment? My advice? Make up you own mind about a share, maybe consider some serious analysis from certain trusted commentators if you feel the need, but never act on this sort of one-liner broker comment stating a "target" price and a single word suggestion like Buy or Hold. And notice that they very rarely say Sell as it may not be in their interest, even if that's what they really think. Anyway, my angle is purely as an income investor, I'm only here for the dividends, and that usually means I hold shares, including IGG, for many years in most cases in my large port.
spob: IG Group suspends leveraged trading in 900 shares UK broker makes move in response to new wave of retail trading in volatile stocks The rise of self-directed traders since coronavirus struck has been a boon © Bloomberg Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Madison Darbyshire 7 hours ago 22 Print this page UK broker IG Group has suspended margin trading in 900 shares, as brokers around the world adjust to surging demand from self-directed retail investors in highly volatile markets. The listed broker has withdrawn certain types of trading on just under 8 per cent of equities it covers, in companies including insurer Hiscox, malls operator Hammerson and clothing brand Superdry. The move comes after US retail investors in January sparked unprecedented volatility in small-cap stocks such as consoles store chain GameStop and cinema operator AMC — a storm that led to an apology from broker Robinhood in Congress last week. IG’s chief commercial officer Bridget Messer said the dramatic burst of trading in the US “punctuated the thought process we have been going through . . . We’ve faced a sustained period — months and months — of unprecedented demand. [That] means we have to be very efficient in how we allocate our resources.” Customers must supply enough of their own capital to cover positions in affected stocks by the end of this week, and are expected to close out their positions on these shares by the end of March. IG clients can still buy all of the affected shares outright. But they can no longer trade them with leverage, such as in spread bets, which provide a way to bet on the future direction of a share price, or margin trading, which involves borrowing from the broker to fund bets. Messer said these resource-intensive practices no longer made sense for small, more volatile shares that required it to put up larger amounts of cash. It is rare for brokers to provide leveraged access to shares like these in the UK, analysts said. The move by IG — one of the top 10 retail brokers in the UK — is the latest sign of how the rapid rise and fall in GameStop shares has energised self-directed amateur traders but also amped up risks for brokers that facilitate the trades. Robinhood faced criticism in Congress last week for failing to anticipate how the strains of a social media-fuelled frenzy in stocks would affect the amounts of cash it needs to post with clearing houses under its regulatory requirements. “You cannot underestimate the retail trader, and the nature of today’s retail flow is something that needs consideration in resource allocation,” said Vivek Raja, an analyst at Shore Capital. “[IG’s decision] is encouraging from the perspective of the regulator, who would not want that kind of risk exposure for retail clients.” IG Group also struggled with the volumes of new sign-ups in the days surrounding the GameStop trading frenzy, and stopped adding new clients for a week to catch up. But the rise of self-directed traders since coronavirus struck has been a boon. Last year, net revenues grew 67 per cent to £416.9m. Active clients on the platform also surged 55 per cent to 238,600. “The heightened demand from existing clients and for account opening we have seen means you need to make sure all your processes are so efficient just to get the volume through the door . . . For us, at the moment, it means we need to be laser focused,” Messer said. In January, IG Group agreed to buy US investing media network TastyTrade for $1bn, helping to give it a foothold in the surging US market.
anhar: True but no dividend from any share is ever certain. Like others I dislike the Tasty deal but even so, I don't consider the IGG divi more risky than any other large company. Many shares with ostensibly "safe" divis like oils, banks etc. have slashed or suspended divis over the last year or so. Looks to me like the IGG payout is at least as secure, if not more, than those were. Dividend investing is a risk approach to obtaining income, a risk I accept. Consequently to minimise that risk I hold a large diversified port. of which IGG is just one of many shares. I wouldn't want it as my only share though.
tourist2020: Bought at 7.82 Thoughts on valuation: if IGG had instead of buying Tastytrade bought a can of tomatoes from Sainsburys (ie worthless) you might expect a share price fall of 16% for the new shares issued and 4% for the cash consideration. Based on an expected share price post excellent results of 9,00 (conservative) that gives a theoretical share price of 7,20 post acquisitiono of a can of tomatoes. Tastytrade may not be worth a billion dollars but it sure is worth more than a can of tomatoes. 7,80 seems like an excellent mid to long term entry point. They will probably be a FTSE 100 candidate in June post closure which could provide support or even impetus while we await the full year results, which are unlikely to be bad since we are all at home trading and posting on these threads. :) Just my tuppence worth.
tourist2020: Whilst the PE ratio is high in relation to that of IGG I think its worth comparing with say the NASDAQ average, which is around 40. The US market,and in particular the technology and growth sectors have this price tag. Either you pay it or you don´t enter the US market. With $50m of PBT and (conservatively) a 30% tax rate, IGG is paying a PE ration of 28. Its not out of step with the market,in fact its below the market average. Whether it is value accretive for IGG time will tell, as many have pointed out.
chess123: I think the biggest concern for holders of IG , is not the name but the price paid, also IG share price says it all.
rounder2: I have to admit to being mystified by the price action here Revenue up 67% with active customer numbers up 55% year on year Share price up 1% ??? Sir Bean Counter makes a great point in an earlier post " A minor issue in the trading updates is IGG are usually conservative in their outlook ("volatility will normalise soon"), and that can hold back the share price on the short term. But possibly it's better to manage expectations in the ST, then subsequently go on to beat them. All IMO and good luck all..."" It's almost like IGG are afraid to tell the market how well they are doing ...Like they're benefitting when others are losing ...Other companies can't wait to reassure the market in an attempt to support / enhance share value IGG do the opposite , consistently ....downplaying the good news ...trying not to rub it in the face of the regulators perhaps ? Do they seriously think that there success will go unnoticed ? At some point this has to be rerated ....analysts have forecast sales for the year 2021 in at 645million with EBIT @ 302 millions and operating @ 271 Forecast revenue of 645 and IGG are already at 416 We are halfway through ( a very busy trading ) December and still no closer Brexit with Covid still an issue ... At what point will this make any sense to me ?
sir bean counter: Also thinking Rounder2's 78p EPS estimate for the year is very reasonable and achievable - that would be amazing and obliterate analyst consensus estimates (which are way too low) on IGG's website. Hopefully increased client numbers is a lasting trend that will drive revenue going forward, and more reliable than market volatility, which comes and goes long term. A minor issue in the trading updates is IGG are usually conservative in their outlook ("volatility will normalise soon"), and that can hold back the share price on the short term. But possibly it's better to manage expectations in the ST, then subsequently go on to beat them. All IMO and good luck all...
f15jcm: CMCX just provided a strong trading update with their comment on Aussie regulation. Should act as a catalyst for the IGG share price which seems to be lagging.
Ig share price data is direct from the London Stock Exchange
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