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
  -6.80 -0.99% 677.40 445,011 15:38:48
Bid Price Offer Price High Price Low Price Open Price
676.20 677.40 679.80 646.60 674.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 488.00 194.30 43.10 15.7 2,503
Last Trade Time Trade Type Trade Size Trade Price Currency
15:38:48 AT 100 677.40 GBX

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Date Time Title Posts
20/3/202008:49IG Group2,515
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 684.20p.
Ig Group Holdings Plc has a 4 week average price of 535.80p and a 12 week average price of 535.80p.
The 1 year high share price is 739p while the 1 year low share price is currently 467.40p.
There are currently 369,439,455 shares in issue and the average daily traded volume is 1,836,962 shares. The market capitalisation of Ig Group Holdings Plc is £2,502,582,868.17.
investorschampion: The IG Group share price is showing signs of recovery after a difficult few years. We think it could be time for income investors to place their bets. Read our full income analysis here hxxps://
thelongandtheshortandthetall: IG share price turning... if this is a hack or something it would be a great opportunity to short IGG - drat!
imranawan: Agree the divi isn't covered at this level but I get an EPS of 41p for 2019 based on Op profit and shares in issue. They have reiterated a commitment to the divi again this morning, and in the strategy update, so that should provide some support to the share price. Will be interesting to see how the market reacts.
discodave4: Hi sporazeneThanks, have just checked their H1 presentation and I mistakenly used the Q2 UK/EU retail and professional split (31% and 69%) rather than the H1 which was 41% (retail) and 59% (professional). This does show that retail decline for Q2 was more indicative of what their yearly forecast split will be of 30%/70%.According to their H1 presentation (on their website) where they provide the income split, the UK/EU "retail" income H1 was nearly £61m, again annualising gives £122m. Once again going on their forecast impact due to ESMA for FY19 of 34% then year end rev compared to last year could be 569 - (0.34 x 122) = c £528m (a 7% reduction rather than my original 6% reduction). As H1 total rev on like for like basis was down 6% (sorry used 8% previously for some reason) then will use mid point of 6.5%, this gives FY19 rev of £532m, pbt £239m, pat £194m, eps still c 52p. So will stick to my previous post share price for fair value of 520p to 624p.Agree that consensus is for a 22% reduction in eps to 48.25 with FY19 rev of £519.5m, which is a 9% reduction compared to FY18. H1 implies it could be only a 6% reduction, so you takes your money and makes your choice - will they beat or not!.DD
discodave4: Invested here early 2017 after the dip and been looking to get back in at some point, so just been catching up on the H1 numbers and trying to work out FY19 year end forecasts.For H1 69% of UK/EU revenue was "professional" clients so only 31% of this income ("retail") would have been impacted by ESMA. Unfortunately IGG do not give the income splits for the group but last year the UK/EU "professional and retail" income was 63% of group revenue (so having nothing else to go on will use this split).So UK/EU "professional and retail" income for H1 is circa £251m x 0.63 = £158m, thus UK/EU "retail" revenue is 0.31 x £158m = £49m (this will be impacted by ESMA). Simply annualising based on H1 (assuming not too much seasonality with IG income) then "retail" income FY19 is circa £98m. From last years capital markets day IG forecast that ESMA impact would be a 34% (taking their mid range forecast) decline in UK/EU "retail" income for FY19 compared to FY18 revenue, so this would be about £33m (98 x 0.34).FY19 total group income forecast is £569m (FY18 total revenue) minus £33m is £536m (a Net 6% reduction compared to FY18). Given that H1 total revenue was a stated 8% lower than H1 last year then I'm inclined to use a mid point reduction of 7%. So FY19 total revenue c £529m. With a pre tax margin of 45% that gives £238m pbt, after tax £193m, eps 52p. PE I reckon of 10 to 12 is more likely so a share price of 520p to 624p. Still think I will keep these on my watch list for a while longer (but now towards the bottom of the list!).......but who knows!.Good luck.DD
kamitora: For what it's worth, from Shore yesterday (page 6): Https:// "Analyst Paul McGinnis retained his ‘buy’ recommendation on the stock, which a ‘fair value’ price of 800p. He has upgraded his recommendation twice in the past five months. ‘The negative share price reaction on both the December second quarter update and then again on the interim results in January, on barely any change to our forecasts, created a couple of excellent trading opportunities,’ he said. ‘However, we think there is more to go for as new growth initiatives will help IG to close the gap to our 800p fair value.’"
masurenguy: On my watchlist - no current position. Peel Hunts view: A share price fall has boosted the yield of IG Group and the derivatives trader is expected to grow revenues. Analyst Anthony Da Costa retained his ‘buy’ recommendation and target price of 775p on the stock despite shares falling ‘significantly’ in the last six months on ‘concerns around low levels of volatility and the impact of leverage limits’. He said the ‘dominant player’ had a focus on sticky, high-value clients that takes it away from regulatory focus and ensures a ‘steady flow of spread revenue’. It pays out 70% of earnings and increased its dividend last year and is expected to yield 7.5% due to the share price fall. IG Group is in a good position to benefit from emerging volatility and reduced competition as regulation bites,’ said Da Costa. ‘Additionally, its strong cash conversion supports an attractive yield exceeding 7% for 2019.’
cwa1: 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.
investment dave: Yes Agree IGG share price will recover shortly. Last week was completely overdone
woodhawk: A couple of very significant points from Motley re this ridiculous and completely out of proportion savaging of the IGG share price: "The FCA is currently still in the consultation phase, and is unlikely to make a final decision until late 2017. Moreover, regulation may not entirely be a bad thing for IG and CMC. Stricter rules tend to encourage industry consolidation, as new rules generally hit the smallest firms hardest. This could help bigger firms to grow market share, gain benefits of scale and boost profitability."
Ig share price data is direct from the London Stock Exchange
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