Ig Share Discussion Threads

[woodhawk] 14/12/2016 09:47

Not very long to wait for the first divi either, ex date is next month.

[deanroberthunt] 14/12/2016 09:47

Even for an Armageddon omnibear, that is Blueball, 200p was a bit excessive :)

[blueball] 14/12/2016 09:47

Yep I said 200p I've changed my mind and believe they will go to 500p by xmas.

[langy_1] 14/12/2016 09:45

DRH -

blueball - 09 Dec 2016 - 22:27:20 - 619 of 723 IG Group - IGG
Fall to 200p by xmas.
blueball - 11 Dec 2016 - 17:08:15 - 641 of 723 IG Group - IGG
Worth 200p at the most.


Now believes it to be worth an extra 150% minimum on no new information. Impressive :)

Still, good to have another long on board i suppose.

The board will turn this around, the FCA proposal will get watered down in line with the rest of the EU or IG will end up moving aspects of the business to more accommodating countries to get round the rules. They will not just sit back and accept their revenue being halved.

I see this at £7+ in 4 months, that along with an excellent dividend has had me adding as many of these as i can in my SIPP for the long term.

[deanroberthunt] 14/12/2016 09:43

what we need is some positive vibes from the hood...

[deanroberthunt] 14/12/2016 09:38

I think he said 300p

[blueball] 14/12/2016 09:31

Well its made a bottom of sorts so I'm happy with that. with a tight stop loss.

[langy_1] 14/12/2016 09:30

lol, it's not falling to 200 by Christmas as per your previous post then?

[blueball] 14/12/2016 09:27

In for a small punt today.

[bjfanc] 14/12/2016 09:17

Does the FCA really want to get involved in defining and maintaining lists of what is a major index or major currency vs a minor index or minor currency.

[alex1621] 14/12/2016 08:48

DRH ... I'd prefer just to wait and see ... this reminds me slightly of the fallout when the US clamped down on the online poker companies ... their share price drifted a great deal lower than I expected.

[bolador] 14/12/2016 08:48

deanroberthunt

How confident are you of the GBP500 cash ? I have seen various numbers with 136pps being the highest and about 90p being the lowest. Certainly if you take one pound or so off the share price the enterprise is going for a song.

[mitreatrading] 14/12/2016 08:44

If directors buy now it would push the price a little bit but if directors buy when the price has some solid ground it would be much better long term.

[bolador] 14/12/2016 08:25

I am not sure that management buying would be a good move. Directors are bound to know a great deal more, than the public, about the situation as it is and will affect the business after such a shock.It may be that directors could expose themselves to criticism by trading at an advantage until more is known.

[deanroberthunt] 14/12/2016 08:24

if you are uncomfortable buying a company with a bullet proof balance sheet, £0.5bn in cash, £200m+ fcf pa, no debt, with a current 7% dividend....

then you should leave here, never return and open a post office account.

[alex1621] 14/12/2016 08:16

But not comfortable enough to be buying the stock at these "bargain" prices? If this really is a "storm in a teacup" I'd expect some management buying.

[a0148009] 13/12/2016 22:32

I am impressed with their response to the FCA they seem quite comfortable and are not declaring a disaster situation - we have seen these scares before, after several years of experience IG manage their business well and are prepared to raise collateral in front of major events the most recent one being BREXIT it is in their best interest to protect their clients and make them more aware.Obviously they do not have a crystal ball and not fire proof. EDIT
AO

[a0148009] 13/12/2016 22:25

Edited below.

[investment dave] 13/12/2016 20:14

No issues whatever

[pyemckay] 13/12/2016 20:11

i got the email, looks like nothing to worry about for most sensible traders.

[alex1621] 13/12/2016 19:13

Interesting quote in Sky News report, from the website:"IG clients have received an email from Mr Hetherington warning them that under the FCA's proposals, they would need to deposit up to 10 times more money with the company in order to trade with it".Peter Hetherington is IG Group's CEO.... might explain why no share price bounce?

[markycrispy] 13/12/2016 18:20

The new leverage requirements are what IG offer anyway unlike some other unscrupulous brokers.Long term this will be a good bet but might be a rollercoaster to get there.Invest small,be prepared for the ride and don't over expose yourself.

[deanroberthunt] 13/12/2016 11:29

they should go for CMC...CHEEKY BID

[billytkid2] 13/12/2016 11:23

diggedy 2, I'm not sure your last comments are completely accurate. They operate an A and B book. They would hedge most of the exposure of the sophisticated, larger clients and this is big business for IG.

[deanroberthunt] 13/12/2016 11:21

Numis have an eps of 28.9p and a target share price of 590p