Ig Share Discussion Threads

[melody9999] 22/12/2014 23:53

Yes and volatility in the markets will be good for levels of trading

[bhavini4] 19/12/2014 10:33

Forgot to mention; its also hitting 52 week highs! An excellent buy indicator imho.

[bhavini4] 19/12/2014 10:31

Well I bought in this morning. Looks good value to me, cash on the balance sheet, pays a good dividend, FTSE 250 company so plenty of room for growth, positive recent update and expanding into new areas such as share dealing where they have excellent feedback.

I note Leon Boros (the self made ISA millionaire) recently commented he thinks IGG is worthy of further research with a view to buy as the cash flow is good, has a good market share and is in his view a 'quality' company.

[bhavini4] 19/12/2014 09:01

Thanks for input guys.

Fully valued? I worked out that PBT to MCAP was 12 x. And that doesn't account for any of the cash it has. Am I missing something as it looks pretty decent value?

[pyemckay] 18/12/2014 18:16

its pretty fully valued at the moment

[gbb483] 18/12/2014 18:10

Because it didn't fall over the last 10 days when everything else went belly up probably.

[bhavini4] 18/12/2014 16:10

Hasn't really moved up strongly on a very good day for the markets generally. Any thoughts why not? Thanks

[wirralowl] 25/11/2014 15:53

Great move on the back of a strong trading update, thanks to increased market volatility in Sept/Oct. The recent launch of their stockbroking service should also become a more significant contributor next year, so all in all, looking pretty positive here.

[gbb483] 25/11/2014 09:28

Breakout at last

[darius12] 20/11/2014 17:06

IG Group are thieves and they've lost all their affiliates because they have robbed them.

[randolph and mortimer] 28/10/2014 08:45

Half a billion pounds in cash quite soon. A proper, clean company and tremendous achievement.

[wirralowl] 24/10/2014 13:44

Ex-dividend was Thursday, as per Stevie Blunder's post above.

I'm hoping for a little fall down to the 575 area, for a longer-term top-up.

[melody9999] 24/10/2014 13:06

The share price movement would suggest ex divi day was 23rd - everything else is saying it is today 24th. I'm intrigued.

[stevie blunder] 22/10/2014 17:53

I think xd is Thursday now. My broker is showing xd on the 23rd

Bid price: 617.00 p
Offer price: 618.50 p

Dividend price: 22.40 p
Dividend- Ex-date: 23-Oct-14
Dividend yield: 4.56%
Dividend cover: 1.43

The change was to do with the move to T+2 settlement, record date stays the same.

[pyemckay] 22/10/2014 17:53

ex div tomorrow I think. Was there not a change from the T+2 system to the T+1.

[gbb483] 22/10/2014 17:23

Ex-div today and still it climbs.

[gbb483] 17/9/2014 16:16

Big drop this morning with the reported 8% drop in client activity - the only surprise is that it has recovered most of the drop already.

[wirralowl] 22/8/2014 12:18

Getting tempted at sub-£6. Market leader, large and growing dividend, about to launch their own stock-broking service... If they go on to provide S&S ISA's, that could open a huge new line of revenue and also lead to an eventual re-rating (HL trades on almost double the PE).

When interest rates begin to rise, I'd have thought IG should also benefit from an increased volatility in the forex markets and subsequent increased client activity/revenue.

An entry around 560-570 would be ideal, but with the chunky dividend due in a couple of months, not sure it'll get there (already fallen over 7% from its recent high).

[jbat] 28/7/2014 11:17

UK government to tax spreadbets? Go ahead - do it! Then I'll lay all my losing trades off against my other income as legitimate expenses, and there will be a net loss to the Exchequer.

I thought that this was the reason why spreadbetting was tax free - because it makes more for the state on balance than if it was taxed. A few high rollers make millions, but most punters lose money and the fact that they cannot lay those losses off against other income means the net position for the Exchequer is profitable. You can hammer the traders if you want, but you (the government) will lose money overall just to prove a point.

[smurfy2001] 15/2/2014 11:13

UK To Start Taxing Spread Betting?
Nov 28 2013
Posted on November 28, 2013 by Avi Mizrahi in Breaking News,Regulation

During the second day of a debate on a Financial Services Reform Bill, The UK's Treasury office spokesman said the government "ought to look" at the "loophole" that allows spread betters to avoid income tax, capital gains tax and stamp duty on transactions, according to a report by the British newspaper The Telegraph.

If the UK tax exemption on spread betting is lifted, British traders in FX and Binary Options might have to start paying all sorts of taxes, complicating and making trading more costly for them. If such a development is to occur, it might hurt the industry and change the whole incentive of offering spread betting options over regular trading.

The Treasury stated the UK government's need to examine the tax exemption status of spread betting after members of the House of Lords, including the Archbishop of Canterbury, voiced their concerns about extraordinary tax avoidance on trading.

Lord Eatwell said spread betting "Is a really extraordinary form of tax avoidance within the financial services industry. I think a review of these particular forms of transaction would be very useful, particularly in the light of the fact that the Australian government has now declared that these forms of contract are not exempt from tax and indeed are subject to both income tax and capital gains tax under Australian tax law."

A senior clergyman and a former member of the Parliamentary Commission on Banking Standards, Justin Welby, said: "It is very much a cultural problem and it is specifically to do with those contracts that are considered to come under the purview of the Gaming Act rather than more generally. It would be useful if the Government were to say that this scope and impact of this is something that should be looked at."

The Treasury spokesman in the House of Lords said: "I take the point made by Lord Eatwell and Rev Welby about the specific consequences in terms of potential tax avoidance or evasion by people involved in this sector and I can give an undertaking to discuss with my colleagues in the Treasury that specific thing in the context of measures that might be brought forward in a future finance bill. It is, I agree, at first signs a loophole and we ought to have a look at it."

[smurfy2001] 09/1/2014 18:06

So IG will have a sharedealing platform without leverage?

When will this happen?

I've since not bothered logging into the CFD platform as l use my own cash now and trade shares exclusively. I might fancy a short when we get to 7200.

Leverage is just too expensive over a longer period on low yielding stocks.

[bantam175] 19/11/2013 08:55

Overreaction to ordinary figures.

imho of course.

[liam1om] 06/6/2013 13:41

Completely agree Smithie - I come across this more and more now.

Also, OTC doesn't work for me at all. Every trade is reject as not being good in the underlying market. It will only ever work if there are actual shares available off the book. But then I might as well just use DMA.