Ig Share Discussion Threads

[woodhawk] 18/10/2018 23:17

There's hundreds of shares I don't want to buy - but I don't waste my time posting vacuous drivel about them. Why do you morons even bother?.

[rochdae] 18/10/2018 22:57

Certainly wouldn't buy here. I agree a profit warning is coming.

There again, how can the market get it so wrong...

But it just does, time and again.

[linton5] 18/10/2018 22:44

Will buy at 552 support not long Togo

[arja] 18/10/2018 20:14

is with a UK based broker or CFD provider AI ?

[american idiot] 18/10/2018 15:50

Light hearted banter Woodhawk nothing more :-)

Arja, very easy to open. Took all of 2 minutes. Electronic ID was accepted but as I already had UK accounts I didn't have to provide any ID.

[arja] 18/10/2018 15:10

american idiot - interesting but i assumed it was not that easy to open an aussie based
account unless a citizen or resident there . maybe it has changed but I remember a
problem years ago when moving between oZ and UK .

[woodhawk] 18/10/2018 15:07

I'm having a great time. You should try reading some of your 'friend' American Idiot's posts, btw. The one about his dog and another poster's wife was particularly juvenile - rather like you.

[arja] 18/10/2018 15:00

woodhawk,
you seem to be a nasty type of person or has something upset you to make you so
GRUMPY ? ( smile )

[woodhawk] 18/10/2018 14:48

Well, 50% of IG's clientele are classed as professional, so they must be either better endowed, 'stupid enough' or - perhaps - clever enough to make the grade. Unlike you.

[american idiot] 18/10/2018 12:39

Woodhawk,

Good enough or stupid enough ?

I would imagine the majority of small investor would fail on point 2 of IG's criteria.

Investment portfolio: You are required to have a ‘financial instrument portfolio’ (defined as cash deposits and financial instruments) of €500,000 or more. Acceptable instruments include cash, stock portfolios, stocks and shares ISAs, trading accounts, mutual funds, and SIPPs. Managed company pensions, non-tradeable assets, property, luxury cars, or physical gold are not acceptable.

................

I have far more than 500k Euro in overall assets but unfortunately I am not stupid enough to have that amount in cash deposits or financial instruments.

I have my assets tied up in property so I get some kind of return on investment. This of course doesn't count.

[american idiot] 18/10/2018 12:32

Arja,

I opened an Aussie account. Not because of margin cover as I've always had more than enough funds in my account(s) to cover positions but more to have my commission rates back to what they have been for many many years.

I was offered a higher rate of commission than I'm used to. After a little research I discovered I would be paying the same commission rate as a new Aussie customer who has just walked in through the door. So much for loyalty eh ?

[woodhawk] 18/10/2018 12:28

Shame you're not good enough to be classed as a 'professional' then, isn't it arja! Did you fail the test?

[fernandesb] 18/10/2018 12:21

Hi arja,
Could you please help me,I have been trading with IG for some 5 years now but i cannot trade to my full potential because of the low margins could you advise me how i can sort this problem by opening an overseas account.

[arja] 18/10/2018 12:14

easy to be smart in hindsight woodhawk and childish to gloat .
american idiot- I only continue trading with IG because I still get the old low
margins with my overseas account .

[woodhawk] 18/10/2018 12:08

It's a pity all you johnny-cum-latelys weren't worried when the shareprice was 50% higher. LOL. Enjoy your wait.

[american idiot] 18/10/2018 11:57

I have a feeling there will be a furthur profit warning here at some point in the future.

When ESMA came into force my commission rate was doubled through no fault of my own.

After being a customer for nearly 15 years I find myself very unhappy now - Incredibly unhappy even.

My trade volumes have virtually ground to a halt now meaning I make no profit and IG make no profit from me. A lose lose situation.

So now, as well as IG losing all the few thousand pound speculators / gamblers they will also be losing the ultra loyal long-term customers like myself who have provided IG with good solid income through the years.

I await the next profit warning !

[woodhawk] 18/10/2018 11:36

Back into IG today after a long absence. Should be good for another run up soon - and nice fat divi while I wait.

[arja] 18/10/2018 10:52

and I think dividend was barely coverd by earnings and it seems unlikley the dividend will not be cut . In any event, It will not hold up the share price by itself .

[arja] 18/10/2018 10:35

Cwa1 - I suppose that helps but I was thinking about how much profitability will suffer as a lot of clients will cease trading with the now very big margins .

[cwa1] 18/10/2018 10:13

Excellent, another board dominated by Brexit chatter. Just what we need.....

I notice that the current dividend forecast for YE 2019 is for 43.16p, giving a formidable yield of about 7.25%. That's either going to be cut or it is too cheap IMO.

And, to get back on to the Brexit topic they said this in their recent update:-

The Group has continued to make progress with its strategic initiatives. The Group's German subsidiary has received a licence in principle, subject to standard conditions, from BaFin to offer financial services to EU clients. This provides certainty that IG will continue to be able to offer its regulated financial products in all EU member states following the UK's planned exit.

[galeforce1] 18/10/2018 09:52

Arja - I know that she did a lot of damage as Home Secretary. particularly to UK universities.

Foreign student numbers have hardly risen in the UK since 2010. In the US they are +40%. This is mainly due to May's utterly doctrinaire immigration policies as Home Sec..

[arja] 18/10/2018 09:49

galeforce,
actually I despise TM for different reasons from you .
It was because of what happened to an old friend of mine who was the victim of TM as Home secretary when she brought in regulations ( obstacles ) to people having the
audicity to fall in love with a none EU person . She is a mean spirited woman lacking any sense of compassion or empathy as are most Tory MPs such as Peter BONEHEAD as I call him. ( smile ) . I am ashamed to say I was a Tory until 8 years ago - incredible when I look back as I now detest most of them . ( wry smile )

[galeforce1] 18/10/2018 09:49

Stoxx - whehey, let's crash out, let's make millions of people unemployed!

How crazy you hard brexiteers are. Surely it's completely obvious at this point that for the UK a no-deal Brexit is economic suicide.

We can either eat some humble with the EU and accept the deal they are offering us, or we can move to to the Norway/Switzerland situation and join EFTA.

The latter is a lot more sensible, IMO.