Ig Share Discussion Threads

[woodhawk] 22/2/2019 07:58

Well, you'd have to be pretty stupid to leave cash in your account and do no trading for 2 years!

[stampylong trader] 21/2/2019 20:17

Hey anyone get this message with IG Index - they will take £12 each month if you hold cash in their trading account, and you haven't traded in the last 2 years.

This is -ve interest rates on cash!

---

We note you have not traded with IG for over two years, but there are still funds on your IG account.

From 1/03/2019, we are applying a monthly inactivity fee to all accounts that have been inactive for two or more years. Depending on your account’s base currency, the fee will be as follows:
Base account currency Monthly fee (in base currency)
GBP 12.00
EUR 14.00
USD 18.00
As long as your account remains inactive and continues to hold funds, this charge will be applied on the first of each month. Please note that the inactivity charge cannot reduce your account balance below zero.

Trading activity is defined as opening or closing a position, or maintaining an open position.
Avoiding the inactivity fee
This fee is only applied to inactive accounts. To reactivate your account, log in to our trading platform where you can start trading again.

Alternatively, reactivate your account by logging in and trading from one of our mobile apps.

If you can’t remember your login details or you want to discuss your account status, please contact our helpdesk on 020 7896 0079.

If you would like to close your IG account please email [e-mail] from the email address you registered with us, confirming the details of the bank account you would like us to send your remaining funds to.
Kind regards

IG

[11_percent] 20/2/2019 11:37

Plus500...what a mess.

[mister md] 19/2/2019 13:23

was hoping this would stay steady at 600p, but seems the carnage at PLUS is taking it's toll ?

[kamitora] 13/2/2019 06:57

For what it's worth, from Shore yesterday (page 6):



"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.’"

[gamesinvestor] 12/2/2019 15:40

Still, on a 52 week basis Plus500 is down less than 1%.
Perhaps a correction was overdue anyhow. Good old Peel Hunt had this as a buy on just 1st Feb.

Analysts eh? - don't cha just luv em!!

Games

[apad] 12/2/2019 12:05

FT
"........even though the readthrough between the financial bookmakers and Plus, a CFD lobster pot, is not exactly perfect."

apad😊

[tradejunkie2] 12/2/2019 11:47

Oh dear look at PLUS..... Oh dear god.

[arja] 12/2/2019 11:37

IG will not allow shorting of this stock which means they expect more downside I guess .

[apad] 12/2/2019 09:12

That's about it, Gamesinvestor. Decent para summary.
I use them for ordinary trading (their 'phone support is good and they have a project to improve the software interface) - they are rolling out this activity, Interactive Traders main competitor, safe divi - only things I would add.
Unfortunately I got up late this morning or would have increased. Well done on your timing.
apad

[gamesinvestor] 12/2/2019 09:00

Seemingly an overeaction - stock price recovery - managed to get in at 569 to add to my holding.
New on here, just registered and trying to get to grips with the message board system, very different to ii.

Despite the regulatory issues I feel, rightly or wrongly, that IG is still a good company from the perspective of having a highly profitable business, is global, has no real debt or pension issues and is capital light.

Puzzling how and why the CEO issue was not handled better - they should have announced the new one before the old one resigned, or maybe it came out of the blue.
I also worry about the Chairman who seems to have been everywhere and is on so many boards he's spread too thinly -- I'd prefer it if he had much more skin in the game in terms of his time commitment and a more decent shareholding.

Enlighten me if that's a wrong judgement.

Gamesinvestor

[kamitora] 12/2/2019 08:30

There's an argument that PLUS built out an awful lot of its business on crypto trading which doesn't make IG as direct a comparable as the market suggests, but as usual the market is going to shoot first and ask questions later.

[mobyrich] 12/2/2019 08:13

Knock on from PLUS results I'd imagine

[rat attack] 12/2/2019 08:09

Opens down 7.5% so what is going on here?

[deej4y] 23/1/2019 16:19

Works for me

[jimbo123elf] 23/1/2019 14:07

Can't access the webscast on their investor website. Couldn't access it live yesterday, and can't access the recorded version today. Is it just me? I have registered my email. Still won't let me in.

[gbh2] 22/1/2019 09:50

I halved my holding yesterday and repurchased today, the Divi looks solid and imo, the business looks to be set to expand during 2019.

[luderitz] 22/1/2019 09:13

Taken a battering this morning but recovered to some extent, see where we go from here. I also have no position.

[jaf111] 22/1/2019 09:03

Has been on my watchlist also....but i have bought (back) in this morning. Don't think there was anything unexpected in the results to justify the 10% fall!

Also like the yield

We shall see....

[masurenguy] 22/1/2019 08:52

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.’

[gbh2] 22/1/2019 08:25

22 Jan Peel Hunt N/A Buy
22 Jan Shore Capital N/A Buy

[gbh2] 22/1/2019 07:19

SP reaction to today's results going to be interesting !

[tradejunkie2] 18/1/2019 16:39

I'll pick these up below 500.

I am barely trading CFDs now because it needs too large a deposit. I suspect people will be trading less hence a more bearish view.

Good luck my little kitty cats.