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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
  1.50 0.2% 758.50 2,106,723 16:35:17
Bid Price Offer Price High Price Low Price Open Price
760.50 761.00 767.00 751.00 764.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 982.00 477.00 118.20 6.4 3,273
Last Trade Time Trade Type Trade Size Trade Price Currency
18:22:33 O 497 763.592 GBX

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Date Time Title Posts
15/9/202214:24IG Group3,431
26/2/202213:52IG Group (IGG) One to Watch on Tuesday 11
22/10/202101:56THE HEDGEFUNDS AND STUART WHEELER ARE ITCHING TO GO LONG5
05/8/201110:55 * IG Group *38
15/9/201010:32IG Group342

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Posted at 12/8/2022 08:36 by cwa1
Quite the upgrade:- IG Group IGG.L : Liberum raises to buy from hold; raises target price to 1125p from 870p
Posted at 21/7/2022 14:26 by yf23_1
Looking back at my old ICs and IGG had EPS of 50p and were over £8, we now have 90p and we're sub £8.
Posted at 21/7/2022 11:14 by tourist2020
Anhar, to your recession fears/comments .... I was surprised by the following responess which a client survey of IGG revealed during the "past few weeks": Asked where, in the event of tighter finances, they would cut back on discretionary spending the order was: 1) Luxury items - 50% 2) Entertainment & Socialising - 40% 3) Holidays - 30% 4) Home improvements - 25% 5) Trading & Investing - 15% 6) Other - 5% 7) No change - 25% More than one category could be chosen, hence the %´s dont add up to 100. Not suggesting you should change your views but its a relevant data point (even if the sample is not entirely random).
Posted at 21/7/2022 09:42 by anhar
Better than I expected but we haven't hit a real recession yet, particularly in the US. When that happens I still see IGG suffering badly which is why I sold the bulk of my holding some months ago but nobody can time these events. I still have a fair chunk though as my original investment many years ago had grown a lot. I certainly wouldn't object if they dumped tastytrade as think it may turn into a massive burden when times turn really rough. The reason I'm still in at all is that I can't be sure so as a small part of my income port I'm willing to take the risk of being wrong but I definitely wouldn't bet big on IGG, which had happened with my earlier much larger holding due to its growth over the years. More positively, as an income investor I'm pleased to see a modest 2.3% divi increase to 44.2p after three years stuck at 43.2p. Final divi of 31.24p pd 20 Oct, xd 22 Sep
Posted at 12/7/2022 10:59 by tourist2020
Looking at PLUS500 results in a bit more detail reveals them to be not as positive as the headline suggests: 1) Their Active Customers in H2 2022 are 65% of H2 2021 2) New Customer Acquisition in H1 2022 is half the rate of H2 2021 3) Customer Income in H1 2022 is 10% lower than H1 2021, BUT 4) Income per Active Customer in H1 2022 was $1.566 compared to $1.136 in H1 2021 4) All of the supposed revenue growth is from Customer Trading Positions which will trend to zero over time (one mans loss is another mans gain). I certainly hope IGG will show better trends for Customer Acquisition and retention. And for the CFD/Options regulators, a bit worrying that 1/3 of the declared income is down to customer losses!
Posted at 12/5/2022 09:24 by anhar
What is this guess based on?... Two reasons. First, IGG said this about tastytrade in the latest update being Q3 dated 16 March: For tastytrade, given the slower growth in US options trading volumes in Q3, which have persisted into the start of Q4, revenue growth may remain below the previously guided 25 - 30% range for FY22, depending on market activity through the remainder of the period. We remain confident about the opportunities that tastytrade brings to the wider Group, due to the large total addressable market in the US, and also further international expansion. I read this as a mild warning of possible bad news to come, depending on economic conditions. Those conditions have worsened since. Second, as I said, there are signs of a possible recession looming in which case I guess that tastytrade will suffer particularly badly and prove a vulnerable area for IGG imo. Only my view and I can't be sure so I retain a chunk of my former quite large holding which I held for many years in my diversified income port, as the risk from IGG or any individual share is limited. I don't know how you define a "safe" yielder but I don't regard it as such. It has been through bad patches and cut divis in the past. No divi is ever guaranteed and it's all relative so the nearest thing to a safe divi would in my view be from some blue chip such as Diageo for example. On the Diageo scale of being relatively amongst the most "safe", IGG is nowhere near it I'd say. I class it as "ok" for the time being. The divi has been stuck at 43.2p for four years now and the interim for 22 of 12.96p was also not increased. Not a very encouraging record is it. I have no regrets about selling most of my holding.
Posted at 08/5/2022 12:58 by anhar
My guess is that a slowdown in tastytrade may now be starting to happen if we enter a recession and it will be a heavy burden on IGG. Some investors may be dumping the share for this reason. I've long feared this which is why I sold the bulk of my holding some months ago. A recession is inevitable but we don't know when, though there are signs that we are on the brink. The major and expensive tastytrade acq, which I never liked and which IGG foolishly imo bought at the top, will perhaps prove to have been utterly wrong when the hit comes. I've held IGG for a very long time and preferred it when it was just a spread bet bookie and decently profitable business. But as is so common, the directors had to start empire building and disregarding the inevitable slump which will cream a business like tastytrade. On top of that it's a US business, frequently a graveyard for British companies attempting to expand there.
Posted at 16/3/2022 16:37 by km18
IG Group plc issued a Q3 revenue update for the three months to 28th February this morning. Q3 FY22 was another consecutive quarter of revenue growth for the Group, with net trading revenue from continuing operations up 13% to £257.2 million. There was an all-time high in the number of active clients of 292,200 (Q3 FY21: 220,900), but first trades were down 32% to 25,600 as anticipated, although still up on pre-Pandemic averages. Ytd group revenue from continuing operations was £729.1 million, 14% up on the same 3 quarters a year earlier. Guidance for FY22 was moderately positive with numbers expected a little above the £891m consensus. The newly acquired US tastytrade business is running a little behind expectations. Valuation is attractive for the sector, the business is high quality. But the share price lacks some momentum and business levels are still adjusting from the COVID spike. Conclusion IG is a solid and growing business and a decent investment, but it is a share to monitor for the time being... ..from WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/IGG/388
Posted at 16/3/2022 09:16 by anhar
I'm purely an income investor and sold the majority of my IGG shares not long ago because I was concerned about tastytrade and the potential for it to cripple IGG divis. This update has not alleviated my concern, they say: ...For tastytrade, given the slower growth in US options trading volumes in Q3, which have persisted into the start of Q4, revenue growth may remain below the previously guided 25 - 30% range for FY22, depending on market activity through the remainder of the period... I continue to think that this completely unnecessary and overly expensive acquisition with its ridiculous name, bought at the top, will I fear prove a serious problem for IGG when the inevitable big downturn in US option volume hits. IGG before tasty was a much more attractive investment imo. Can't be sure of the future though so that's why I've retained a relatively small holding for the time being.
Posted at 03/3/2022 14:37 by tourist2020
I must admit I am a bit perplexed at the share price weakness in the current environment: 1) volatile markets are supposed to be good for Options trading and IGG 2) there is a wave of money exiting anything Russian and many things international .... a FTSE 250 stock with limited overseas exposure would seem to be a good place to park it Maybe the market is worried about exposure to client losses, but IGG is historically one of the best hedged operators. Its relative performance to CMC YTD is 5% worse ... Anyone have any ideas?
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