Ig Share Discussion Threads

[petethehippy] 09/10/2008 11:12

A rumour IG had cash in Iceland.. trying to manipulate the share price on a BB.. with bu11ocks! LOL! Nice one.

These guys know how to make money.. thats the bottom line.. great buying opportunity!

[m3xer] 09/10/2008 08:27

Woulda thought they were shrewder than that ---Highly unlikely ---Allthough you never know

[cockneyrebel] 09/10/2008 08:20

just doubled their margins too.

CR

[cockneyrebel] 09/10/2008 08:19

heard a rumour IG had cash in Iceland.

Anyone know if that's true?

CR

[volvo] 08/10/2008 10:43

Hearing that they are getting massive margin debts.Not surprising really with these amazing swings.Avoid buying shares here.

[petethehippy] 23/9/2008 09:49

IGG released a statement... I ripped this off my stockbrokers website... I guess the short answer is they'll lose less than.. 0.3% of revenue...

RNS Number : 8673D
IG Group Holdings plc
19 September 2008

19 September 2008

IG GROUP HOLDINGS PLC
Statement re Short Selling Financial Stocks

IG Group Holdings plc ("IG" or "the Group") notes the introduction by the FSA of rules in relation to the shorting of certain financial stocks.

In the first quarter of this financial year (being the period 1 June 2008 to 31 August 2008), less than £150,000 of IG's total revenue of £53m resulted from clients shorting the 29 financial stocks which have been identified by the FSA. This low number reflects the long bias that clients have in single stock positions. More generally, in that quarter, approximately 23% of revenue related to single stock positions and approximately 3% of revenue related to positions (long and short) in the 29 financial stocks.

IG therefore expects the introduction of the new rules by the FSA in relation to shorting financial stocks to have a negligible impact on its business. The introduction of similar rules by the SEC is also expected to have negligible impact.

For further information please contact:

IG Group 020 7896 0011
Tim Howkins, Chief Executive
Steve Clutton, Finance Director

Financial Dynamics 020 7269 7200
Robert Bailhache
Nick Henderson

This information is provided by RNS
The company news service from the London Stock Exchange

[little beaker] 21/9/2008 11:12

I don't believe spreadbetting is affected, no?

[ibuyland] 21/9/2008 11:07

I was thinking the same.

[hsbcpremier] 21/9/2008 09:44

how much business might IG lose?

[suineg] 18/9/2008 21:01

amazing scenes ...

[cockneyrebel] 18/9/2008 20:36

banning shorts on financials will probably hit them sentiment wise I guess, think a lot short the banks via IG.

CR

[bigboots] 18/9/2008 19:56

I think not a lot people trade many derivativs and financials are only a small amount

[spob] 18/9/2008 19:16

.
How much trade will these lose due to the ban on shorting financials

[cockneyrebel] 16/9/2008 08:00

big buyer will be back today imo.

CR

[cockneyrebel] 15/9/2008 19:15

Obviously I'm on my own then :-)

1m sale gone through and the share is hardly off at all today - big buyer about.

CR

[cockneyrebel] 15/9/2008 14:58

Firm ah? Positive by the close?

Anyone else there? :-)

CR

[cockneyrebel] 15/9/2008 10:45

Lot of buying today on a weak day for the market.

CR

[cockneyrebel] 15/9/2008 08:41

pretty firm considering the recent rise too.
Reckon there are decent buyers for IGG out there - should fly on the next firm markket day imo.

CR

[cockneyrebel] 12/9/2008 08:52

Seen the PEG here? About 0.5 or less - great cashflow too.

CR

[cockneyrebel] 11/9/2008 19:50

I use them too and agree - very reliable - aleways get the odd glitch for an hour now and again tho:

Seen this?:



Here's a rarity: a constituent of the financial services sector reporting record trading - but IG Group, the £1.1 billion spread-betting specialist, appears to have a momentum all of its own. Yesterday's first-quarter update shows revenues rising an above-forecast 29 per cent to £53 million, with the number of new accounts opened up by 45 per cent on the year. Further, IG's overseas operations - it has set up shop in France, Spain and the United States in the past year - continue to grow vigorously: revenues from outside the UK account for 30 per cent of the total, against 22 per cent this time last year.

The greater encouragement was that the tick-up in costs that marred its second-half numbers (IG's financial year runs to May 31) seems to have been an aberration. One of these - the amount of betting duty that IG pays to HM Revenue & Customs - is outside the company's control (a reflection of its clients' losses), but its return to more usual levels is welcome, all the same. Even more so is the fall-off in a cost that IG can influence: bad debts. These dropped from more than 3 per cent of sales to less than 2 per cent in the three months to August 31.

The bigger issue is for how long IG can keep growing in what remains a bear market for many of the assets on which its clients bet. The assumption must be that, much like a private-client stockbroker, its customers become so worn down by volatility that, at some point, they begin to trade less frequently, or cease trading altogether. The profile of IG's average customer - a non-City-based male with savings of between £10,000 and £50,000 and an account balance of £500 - indicates that they might prove relatively immune to economic stress. So, too, does the fact that most trade to generate additional income rather than as a leisure activity.

More certain is IG's scope to keep growing overseas. Revenues from Singapore, for example, have trebled year on year. In France and Spain it is generating monthly sales of more than £500,000 in each country, from a standing start - an indication of a pent-up appetite for a product that has become better understood and of which IG is one of only two providers with global reach (CMC being the other). That experience augurs well for IG's opening of a direct presence in Italy next month.

At 345p, up 12½p, IG trades at less than 14 times current-year earnings - near the bottom of the range it has traded since rejoining the stock market three years ago. Hold on.

CR

[m.t.glass] 11/9/2008 13:39

CR -- IG in my experience very rarely goes down. I use their site every day. And they keep adding useful new features and facilities.

[cockneyrebel] 11/9/2008 12:21

went XD for 9p fial div yesterday - I missed that - made buying on Tuesday even sweeter then :-)

CR

[cockneyrebel] 11/9/2008 11:59

can't bet on IGG with IG either.

All sites go down now and again MT, over the longer term these must do well imo.

Compared to brokers with IG they get shorting business in the down markets and you can trade round the clock. Expansion ino Europe looks pretty exciting too by the way it's going. Was hoping these would come off today for me to add more.

CR

[m.t.glass] 11/9/2008 11:05

IG's spreadbetting website is down at present.. Home page OK but no live stuff, just an apology notice..

11:11 - outage over
11:12 oh no it isn't