Ig Share Discussion Threads

[ragehammer] 14/12/2016 17:20

27,436 shares options were exercised on that date, but only 15,500 of them were sold.

The Head of IR share sale was only to cover tax on the options (47% sold). It would undoubtedly be better for that individual to have waited until the price dropped to exercise his options, had he known it was likely to happen, or to have sold them all rather than retaining £100k worth.

The other sale was Head of HR who sold all her options, about £40k worth (probably £25k net after tax). Hardly earth shattering and not likely to have had a scooby about the FCA proposals.

[finess] 14/12/2016 17:05

On the 1st December two directors sold shares totaling 27436 at a price of £8.413.



As Nelson said in Black Adder "Pluck out my eye and rip off my arm if Lady Hamilton is not a virgin".

[jimbox1] 14/12/2016 16:21

I'm new here - in yesterday at 449p. Looks like a way over-sold situation and there is a sound business here, even if the FCA tightens trading guidelines.

[someuwin] 14/12/2016 16:05

Interesting situation developing here.

Worth a punt imo.

[finess] 14/12/2016 15:57

Langy 1

Each to his own.

My trading is based on having and abiding by stop losses, that why I said I broke a golden rule by adding to an offside position.

[kmann] 14/12/2016 15:46

Game on, either the FCA back down or IG relocate and follow CMC. Think of all that lost tax revenue .. going to germany! Its a no brainer BUY.

LONDON (Alliance News) - London-listed spread betting firm CMC Markets PLC is likely to consider moving a large part of its operations to Germany due to the UK Financial Conduct Authority's proposed crackdown on contract-for-difference products, Sky News reported on Tuesday.

Citing an insider, Sky News said that CMC may look at relocating its headquarters and its contracts-for-difference operations to Germany, prompted by less strict regulatory plans from the German financial authorities.

However, such plans are at the "embryonic stage", with no decision to be taken until the end of the FCA's consultation on its proposed rules in 2017, said Sky News.

Sky News also reported that sources said Peter Hetherington, the chief executive of CMC's rival IG Group Holdings PLC, was in Germany on Tuesday to talk to the German financial regulator about its planned contract-for-difference product reforms.

hxxp://news.sky.com/story/spread-betting-giant-cmc-to-mull-jobs-hq-move-amid-fca-crackdown-10694822

By Adam Clark; [e-mail]

[langy_1] 14/12/2016 15:39

Finess - why not wait til it was in profit which is the way it's heading?

I originally bought at 499 and have some at 493, 489, 472, 453 and 447 so there's nothing wrong with buying on the way down looking for the bottom.

[slipperysidewinder] 14/12/2016 15:24

Talk of a Playtech bid and it makes sense considering their recent aquisituon of CFH.

CFH gives Playtech access to the market at better rates thereby offsetting some of the hit IG will have from new regs.

If its true everyones a winner!

A masterstroke.

[smurfy2001] 14/12/2016 15:20

Surely IG could just relocate their headquarters problem solved no?

[langy_1] 14/12/2016 15:19

Yes, div and half yearly report due in Jan, i'd expect continued good results and an outline as to the plans to deal with the FCA proposal

[smurfy2001] 14/12/2016 15:18

Well i've added a small holding @ 491.90 as a long term dividend paying stock. Wish i'd put this in my watch list.

[deanroberthunt] 14/12/2016 15:16

isn't there a trading and dividend update due in jan ?

[woodhawk] 14/12/2016 15:15

This will recover now as nothing will happen until after mid-March and that's just the initial consultation period. So the bears won't be getting any more ammo any time soon, in fact it'll just become stale news for the next 3 months at least.

[deanroberthunt] 14/12/2016 15:00

a 50% rise only gets us back to 660p from current low.

[woodhawk] 14/12/2016 14:56

Short were you, Finess?

[finess] 14/12/2016 14:52

Well thats me out, thank goodness. Good Luck to all holders

[langy_1] 14/12/2016 14:50

nearly 10% up now. Pretty good going!

[kmann] 14/12/2016 14:18

Going to be the easiest 50%er going in to 2017 imo. Agree, all those caught in the bear trap sub 500p. Nice.

IGG tipped to be the best of the spread betters. BUY 600p

[woodhawk] 14/12/2016 14:07

Oh, no, Dean! We wouldn't want to spoil the bears' Xmas party would we?

[woodhawk] 14/12/2016 14:03

The bad news is already out there - it's initial shock impact will fade in importance as the months go by and negotiations begin and the FCA and IG adjust their positions.

[deanroberthunt] 14/12/2016 14:03

it was just a shot across the bow for the blue chip big players......who to be quite honest are conforming 98% to the consultation paper already

[andysand] 14/12/2016 14:00

I would agree with that. I suspect it will try to recover most of the losses in the coming months. At the very least, I thing 600p short term is likely.Either they will relocate, or the government will back off once they see there is little to gain.

[rl34870] 14/12/2016 13:59

The worm IS turning!

[a0148009] 14/12/2016 13:51

Sellers are running out,once market aware this is not a dead cat bounce there is much more to come.
AO