Ig Share Discussion Threads

[lovewinshatelosses] 31/12/2022 14:46

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?

[anhar] 31/12/2022 11:36

...am surprised it did not hold 8 quid firmly to date...

Bit late responding but anyway, 8 quid means nothing to the share price, any more than 799 would or any particular figure. Roundnumberism is a small investor fallacy, thinking it has some psych. value. It doesn't. The reason is that pros make the market in big caps and they have no interest whatsoever in round number prices. The small investor is irrelevant to big cap share price movements.

Thus there is no reason the price should have held 8 quid just because it's a round number.

[lovewinshatelosses] 18/12/2022 20:28

I would expect the results to be solid; TT numbers will be particularly interesting to see. They should have had enough time to make that acquisition satisfactory by now IMO...but given the buybacks as I mentioned before, am surprised it did not hold 8 quid firmly to date. The run in to results day (thanks podgyted) must surely see a small rise from here at least, especially given how the markets tend to perform in December/early January, but who knows? Not changing my target for first tranche re-entry, but it may not come of course. GLA.

[gbh2] 18/12/2022 08:23

I increased my holding on Thursday, but disappointed with share price when came home after a couple of days away, jus trying to get my head around what's been going on.

[podgyted] 17/12/2022 15:29

26/1/23 Interim results.

[lovewinshatelosses] 15/12/2022 17:53

This seems to be drifting back a little more quickly than I expected, especially given the buy backs. When is the next update? You still here, gbh2, or did you get your target price?

[gbh2] 06/12/2022 09:13

Yep. I should have concentrated on what I was doing rather than trying to get the best price for a few more :)

[rik shaw] 06/12/2022 09:07

The traditional notation would be £8.11 or 811p. If this was trading at 8.11p I might be concerned

[gbh2] 06/12/2022 08:19

EDIT: £8.43 down to £8.08 in a week.

[disc0dave45] 02/12/2022 17:27

Always on their backs:Https://www.thetimes.co.uk/article/spread-betting-firms-warned-by-financial-conduct-authority-to-crack-down-on-insider-dealing-8z2lksksz

[lovewinshatelosses] 25/11/2022 10:24

Yep. We have seen this playbook before. Many, many times.

[nk104] 25/11/2022 09:51

First to agree with that - which will probably then lead to a call for more regulatory clampdowns. Obviously if the Government saw investing as a good thing rather than a piggy bank then this could all be avoided.

[lovewinshatelosses] 24/11/2022 17:30

I did not consider that prospect, NK. Assuming those financial instruments avoid being soaked as well.
If it leads to a number of ordinary investors getting involved in CFD's and spread bets...that will be a disaster IMO. For the individuals anyway.

[nk104] 24/11/2022 13:33

If anything, the reduction in the CGT allowance and the tightening limits on tax free dividends might push people towards CFDs and spread bets.

[lovewinshatelosses] 22/11/2022 17:49

It would be hard to tell the difference these days, gbh2.
Maybe Labour would be slightly less corrupt, although no less incompetent IMO....then again, if you look at some of the red councils today...hard to tell the difference on this front either. The stand out one I have read about is a city that seems to have more Mayors than I have had hot dinners. It is also one of the poorer ones in the UK. It has a 200 million GBP black hole in its finances and its most recent mayor has been personally bankrupt twice. The last one...also has an interesting history, to say the least. As safe a Labour seat as you can imagine, in spite of this litany of shame and failure. I mention this only to be fair, as most of my rants are directed at the (Tory in name only) government. I would not want anyone to mistakenly think I felt any optimism whatsoever in the other options.

[gbh2] 22/11/2022 08:06

"Only a matter of time before they start putting caps on tax free ISA holdings IMO"

This will come with the next Labour Government imo.

[lovewinshatelosses] 21/11/2022 22:27

Sounds like you have it all in hand, Adam. GrowthPotential: In that case, perhaps think about adding a few more if you have that long term plan and we revisit 750-ish on no company specific news. tuftymatt: Well done on getting your target price. ISA does feel the best place for these, given the government's current dislike of middle income people trying to get above their station. Only a matter of time before they start putting caps on tax free ISA holdings IMO, but hopefully I am wrong. GLA and from a selfish perspective, I hope to get the opportunity to become a holder here again one day. As said before, my exit was not company-specific.

[adamb1978] 21/11/2022 22:13

Appreciate the views. I was considering adding to the midcap part of my SIPP, which is generally long term holds and where I try not to trade much at all. Therefore I look for consistent performers at reasonable prices, which I think this looks like.

Understand the comment about cash balance lovewinshatelosses though in my SIPP I tend to be 95%-100% invested. My more speculative accounts are in the 60%-70% invested level at the moment

Thanks for the comments all (and nice to find a sensible board here too!)

Adam

[tuftymatt] 21/11/2022 16:47

Well my sell order was hit so I am pleased about that.

Will add again when I feel the time is right and in my ISA too as some of my sell was in a GIA so not the best place for money now!!

Good luck all 👍🏻

[growthpotential] 21/11/2022 12:58

With only 334 shares, might as well just hold forever...

[tuftymatt] 19/11/2022 23:05

For me the answer to Adam's question is yes it's the economic outlook.

I think we may be on a bear market rally and it could come off so I am looking at a number of profitable positions with a view of taking some money from them.

Nothing wrong in my mind with IGG itself and good luck to all current and future holders 👍🏻

[growthpotential] 19/11/2022 22:37

I have no concerns with IGG. Personally this is one of my less risky investments compared to other more speculative trades!

[adamb1978] 19/11/2022 17:03

I'm not a holder but looking at this recently. I'd be interested in the reasoning behind the posters above saying that they've been offloading recently.

PE is only 9x, yield over 5%, high ROCE business...interested in people's concerns. Is it the economic outlook?
Thanks