Ig Share Discussion Threads

[essentialinvestor] 25/3/2017 08:45

Had a small amount yesterday at 4.88.

[sogoesit] 25/3/2017 05:17

Looks interesting this one:
Yield, operational gearing, slow market, regulatory action could be softer than expected, overshoot to downside.... could lead to significant turn-around.
Will dip toes in with a CFD.

[tintin82] 24/3/2017 11:28

Classic case of a share price 'misbehaving'. Excellent cash generation for this price.

[mip55] 24/3/2017 10:42

Opodio practicing his comedy store act

[opodio] 24/3/2017 10:36

down to 380p

[mister md] 23/3/2017 15:04

Woodhawk - I'll rephrase to "more than" factor in ;)

[action] 23/3/2017 13:06

Is there any divi this time ?

[discodave4] 23/3/2017 12:58

Agree.This is IMO one of those rare occasions where the market has got the value wrong, it's reducing the entire groups revenues / profit by 35%-40%.That puts revenue etc on a par with 2010, when at its FY year end (May), the share price was.............about where it is now!.Happy to also sit back and take the income until such time that true value is realised in full.DD

[woodhawk] 23/3/2017 12:00

Mister MD, I don't think it's "factored in" - I think the fall in the share price has way, way over-estimated its probable impact. It's a worst possible case scenario, that is extremely unlikely to transpire, imo. That's what I'm betting on. I've got a lot of time for IG as a company. If DiscoDave$ were correct then a circa 40% rise from hereabouts isn't to be sniffed at. It might be more - IG said they might pick up business from adversely affected competitors. I'll happily wait and collect the divis while I do.

[discodave4] 23/3/2017 10:58

The FCA in December stated that they anticipated investor losses will be between 20% to 40% lower after leveraged limits are imposed. So IGG annual UK revenue is about 48% of the group, taking the mid-point of the FCA forecast (30%), revenue may decline by about 14%, note that Q3 Rev per client was down 15% as Q3 would have been impacted by their own self imposed limits on leveraged products (so ahead of the game despite the potential outcome of the FCA).Based on Q3 then year end revenue (worst case!) could be £480m, with operating margin (5 year average) of 44% then pbt £211m, after tax £167m, so eps of 45.5p. Target price using 5 year average PE of 15 (not too demanding!) would be 683p.......excluding their cash pile this is significantly under valued IMO.DD

[mister md] 23/3/2017 10:37

Gary, like Woodhawk I'm guessing that the fall from 900p+ to current levels already will factor in the regulatory impact

[smurfy2001] 23/3/2017 10:31

Dusseldorf - Guten Tag.

Miffed at shareprice :(

[georgeallison] 23/3/2017 09:30

Do you think it will be up or down when the results are released by the government? I can't help but feel there has been an over sell here.. price will bounce back.

[woodhawk] 23/3/2017 09:12

Gary,

"Also has mentioned the full outcome of the government regulation,s is not concluded" - agreed, that's why price is down here in the first place. When it IS concluded, I very much doubt price will be anywhere near here ;-)

[w1ndjammer] 23/3/2017 08:49

Great buying opp doubled up, 490

WJ.

[garycook] 23/3/2017 08:49

Glad I did not buy in here at 540,and waited for the Trading update.IGG Need buying around 450.IMHO to be on the right side of the trade.Also next dividend is not due XD until late September.Also has mentioned the full outcome of the government regulation,s is not concluded.So best to stay clear atm.

[harvester] 23/3/2017 08:46

Dusseldorf: Das ist gut. Can't blame you for forgetting some after 15 years .
Will have a look at LCG.
I am surprised anyway why HMG have not tried to squeeze some tax out of spreadbet and CFD trades .

[dusseldorf] 23/3/2017 08:39

harvester - I lived in Düsseldorf for a couple of years (when I originally set-up my advfn account about 15 years ago!), ich kann ein bisschen Deutsch sprechen - but I have forgotten most!.

It's not the results that necessarily concern me, but are we not still awaiting a full response to government regs? until the final proposals are known it will be a bit wobbly.

Definately keep an eye on trading/FX minnow LCG - the last trading update they had in July 2016 was that post Brexit they had a material increase in both revenues and profitability. I'm aware they are not profit generating 'yet', but have recently pushed advertising across Europe with Stan Warwrinka (Tennis) and are recruiting international account managers. It's all about critical mass to cover overheads, and they appear to be gaining momentum while IGG are losing some.

[harvester] 23/3/2017 08:22

Dusseldorf: same here . Staying clear to let IGG settle after the subdued results.

Parlez vous Allemagne ?Dusseldorf your home city?

[woodhawk] 23/3/2017 08:12

Yes, sellers.

[raffles the gentleman thug] 23/3/2017 08:12

They're still on track to make around £180m in free cash and I kinda quite like that