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IGG Ig Group Holdings Plc

0.50 (0.07%)
Last Updated: 10:49:05
Delayed by 15 minutes
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
  0.50 0.07% 684.50 80,013 10:49:05
Bid Price Offer Price High Price Low Price Open Price
683.50 685.00 687.00 675.00 680.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commodity Brokers & Dealers 1.02B 365.4M 0.9014 7.60 2.78B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:49:05 AT 209 684.50 GBX

Ig (IGG) Latest News (2)

Ig (IGG) Discussions and Chat

Ig Forums and Chat

Date Time Title Posts
12/11/202310:14IG Group3,824
26/2/202213:52IG Group (IGG) One to Watch on Tuesday 11
05/8/201109:55 * IG Group *38
15/9/201009:32IG Group342

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Ig (IGG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Ig (IGG) Top Chat Posts

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Posted at 01/12/2023 08:20 by Ig Daily Update
Ig Group Holdings Plc is listed in the Commodity Brokers & Dealers sector of the London Stock Exchange with ticker IGG. The last closing price for Ig was 684p.
Ig currently has 405,368,667 shares in issue. The market capitalisation of Ig is £2,768,667,996.
Ig has a price to earnings ratio (PE ratio) of 7.58.
This morning IGG shares opened at 680p
Posted at 31/10/2023 08:15 by adamb1978
Yes, very nice announcement. There arent many businesses which couldnt take 10% out of the cost base, and a company which is flatlining should focus on doing so. Will give them better operating leverage when revenues recover, and should mean they can throw off even more cash.

Only negative in the announcement is the comment about Q2 following on from Q1, and if you annualise Q1 revenue, they'd be around 5% behind forecast revenues. That said, at a 6.4x PE, there isn't any hope built into the share price at all so arguably its already priced in.
Posted at 06/10/2023 17:01 by lovewinshatelosses
To a point, sure, although if they are going to feast on options that do not include a strike price that is significantly to the north of the current SP, then I would rather they simply increased the dividend.
To be clear, what I really want is them to have options with high strike prices, to retain the current dividend, and also to retain a significant cash balance.
Based on the share price performance this year, none of them should have been awarded any options, IMO. Hey ho.
Posted at 20/9/2023 13:09 by lovewinshatelosses
My comment was directed to gbh2, not you, Hunter.
If you are looking for a dividend chase, have a look at BATS. I have been in that one for a few weeks, planning on holding for circa 30 quid a share (subject to the obvious caveats). Unlikely before ex div, but that is fine for me. Over 8% (annual) at today's share price too. Could well go higher of course, but I will take a view around that target price. Not advice of course, DYOR etc.
Posted at 20/9/2023 12:42 by hunter154
But I get the 4.7% tomorrow, once the Share Price comes back to 675p , which it will in a few weeks.
Posted at 14/9/2023 08:32 by adamb1978
Agreed Masurenguy. FCF yield of around 15% which staggeringly cheap - you almost need to believe that the company is going to go under for the price to make sense.

Share price has gone sideways for around 6 months now so, whilst I am no technical analyst, I'd like to think that that constitutes 'forming a base'
Posted at 06/9/2023 12:28 by adamb1978
If you believe the FCF figures which analysts have, then IGG is trading on a FCF yield of approaching 15%! Given that large-cap, high performing US mega-caps might trade on perhaps 3% and 'good' companies perhaps 5%, this is really, really cheap here. 7 years of FCF buys the entire company!

Even if you say that this is average quality, the FCF yield needs to halve, which puts the share price double from these levels (assuming you believe that the company continues to tick over rather than decline)
Posted at 05/9/2023 05:46 by hunter154
Another thing that could help the Share Price is if the new ceo grasps the opportunity to list (2ndry) on NASDAQ. A very profitable fintech business…̷0;.not many on that exchange and we would be valued at more than pe of 7. In fact the way Americans value tech businesses we would be valued at x20 on revenue, lol!
Posted at 22/7/2023 08:00 by 1knocker
I see force in Maddox analysis. When one pays in shares, a lot depends on the price at which the shares are brought into account for the purposes of the purchase!

The current price of the shares against the price posters paid also colours their view of the company, whereas logically it should colour their view of their purchase transactions. Investors can overpay too, and they are paying in ££ !

As my holding is 15% up (including a recent top up at 664, a significantly higher price than I paid for my initial holding), I naturally look at IGG with a kindly eye. Indeed, on a total return basis, it is doing me very well. Even those who are under water on the capital account will be doing OK on a total return basis if they have held for a few years. The time for concern will be if the dividend comes under pressure.
Posted at 21/7/2023 23:07 by maddox
Hmmm not seeing many valuation metrics presented here on either side of the argument - bare assertions aren't very enlightening.

As far as I can see IGG paid c. 8.6x revenue for a business growing at 40%+ in a market growing at 25%+. We're talking about the US here - where valuations are steep - and for a high growth profitable firm in an attractive market. Are there any comparable transactions in this sector that look better or worse value?

Also, looking at what IGG paid. They put a value of a $1bn on the deal; $700m of this was in IGG shares - 61m shares. That puts a value on each share of $11.48 in todays money that's 890p. However, IGG are now buying back shares. Up to 21 July they've bought back £200m at an average cost of 756p - a 15% discount to their issue value. So, with another tranche of buy-backs underway the deal is getting cheaper every day.

Happy to have alternative view points.
Posted at 31/12/2022 14:46 by lovewinshatelosses
I think you underestimate the influence of certain round numbers in the stock market, but I should have said 'around 8 quid'. FWIW, I was not fixated on that round number. I anticipated a top of 825p or so. Nevertheless, given the buy backs, I think my decision to sell has proved valid so far, because the share price is lower than it was with my lowest sell and comfortably below my highest sell price. Without those buy backs, I do not think it would be a stretch to suggest the share price would be 750p at best. Anyway, I agree with you that the small investor is irrelevant to big cap share price movements. Not sure why you feel the need to state the obvious?
Ig share price data is direct from the London Stock Exchange

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