Ig Share Discussion Threads

[gbh2] 15/1/2019 10:57

Halved my Holding; cash in my pocket for whatever happens tomorrow - Hopefully :))

[porsche1945] 15/1/2019 10:53

I was thinking that, iv done well out of this company trading in and out, its not a long term hold, but i cant help thinkng volumes would be lower now even without new rules, couple of brokers i deal with said trading is dead at the moment...will see on the 22(?) i guess.

[onjohn] 12/1/2019 08:04

Expect a profit warning

New margin rules will have killed volunmes

[gbh2] 09/1/2019 17:19

Afternoon sell off becoming a routine.

[gbh2] 28/12/2018 12:43

SP struggling imo.

[bjfanc] 27/12/2018 08:03

Positive update from Plus.

[gbh2] 18/12/2018 15:38

18 Dec Peel Hunt 775.00 Buy

[gbh2] 14/12/2018 15:32

Quite pleased that I recently halved my holding to increase what I have in GVC :)

[arja] 14/12/2018 12:02

maybe but it might be like catching a falling knife !

[fizzypop] 14/12/2018 09:20

Looking cheap again.

[johncasey] 10/12/2018 16:04

All that money sloshing about..we know youve shorted the market and now you want to make a killing going long

[arja] 07/12/2018 09:39

no, just watching and waiting for an oppoertunity when overbought in day .But no doubt a few other stocks are a better bet .

[discodave4] 07/12/2018 09:16

arja Hope you didn't put a short on!.DYOR

[discodave4] 07/12/2018 09:15

Just read CMC's RNS about the FCA consultation, then came back here to see IG have issued an RNS, extract:"The FCA's proposals have been anticipated by the Company, and do not change the Company's expectations on performance or Group revenue."In essence the FCA consultation is the same as the ESMA.DD

[arja] 07/12/2018 08:54

odd that it is up today after the bad news . I think the chart suggests more downside in the future as surely it will affect profitability in the future . I rarely short a stock but I suspect this is a short after and decent rally.,

[edmondj] 07/12/2018 07:54

Friday 07 December, 2018
Financial Conduct
FCA proposes measures for CFDs and binary options
RNS Number : 7876J
Financial Conduct Authority
07 December 2018

FCA proposes permanent measures for retail CFDs and binary options

The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of certain complex derivative products with the publication of two consultation papers.

The rules would apply to firms acting in or from the UK and:

1. ban the sale, marketing and distribution of binary options to retail consumers

2. restrict the sale, marketing and distribution of contracts for difference (CFDs) and similar products to retail customers

The FCA is acting to tackle widespread concerns about the inherent risks of these products, and the poor conduct of the firms selling them, that has led to harm to consumers in the UK and internationally through large and unexpected trading losses.

The FCA's proposed interventions are the same in substance as the European Securities and Markets Authority's (ESMA) existing, EU-wide temporary restrictions on these products, although the FCA is also proposing to apply its rules to closely substitutable products (including so-called turbo certificates). If confirmed the FCA's rule changes would have permanent effect.

For CFDs sold to retail clients, the FCA is proposing to require firms to:

· limit leverage to between 30:1 and 2:1 by collecting minimum margin as a percentage of the overall exposure that the CFD provides

· close out a customer's position when their funds fall to 50% of the margin needed to maintain their open positions on their CFD account

· provide protections that guarantee a client cannot lose more than the total funds in their CFD account

· stop offering monetary and non-monetary inducements to encourage trading

· provide a standardised risk warning, which requires firms to tell potential customers the percentage of their retail client accounts that make losses

The FCA estimates that the proposals for CFDs could reduce annual losses for retail consumers of UK firms by between £267.4m to £450.7m per year. A permanent ban on binary options could save retail consumers up to £17m per year, and may reduce the risk of fraud by unauthorised entities claiming to offer these products.

Christopher Woolard, Executive Director of Strategy & Competition at the FCA, said:

'We remain very concerned about the harm to retail consumers that's being caused by the design and distribution of some complex derivative products. This is despite focused supervisory work over several years to try and improve firms' conduct. Today's proposals will enhance consumer protection by banning binary options and ensuring CFDs are only marketed and sold to consumers who understand the risks from trading these types of products.'

The FCA's CFD consultation also seeks feedback on whether other complex derivative products, such as futures or similar over-the-counter (OTC) products, may pose similar risks of harm to retail consumers and could benefit from similar rules, or if this would have unintended effects.

The binary options Consultation Paper is open until 7 February 2019. The CFD Consultation Paper is open until 7 February 2019 for feedback on the proposed measures and 7 March 2019 for feedback on the discussion of other complex derivative products.

The FCA will consult separately in early 2019 on a potential ban on the sale of derivative products referencing cryptocurrencies, including CFDs, to retail consumers. This follows the commitment made in the UK Cryptoasset Taskforce Final Report published in October 2018.

Notes to editors

1. CP18/38: Restricting contract for difference products sold to retail clients and a discussion of other retail derivative products

2. CP18/37: Product intervention measures for retail binary options

3. References to CFDs include financial spread bets and rolling spot forex products.

4. 'Closely substitutable products' for CFDs include options that have similar pay-out structure and risk features as CFDs, which are sold under a variety of commercial labels, including turbo certificates, knock outs or delta ones. The proposed binary option ban would also include certain 'securitised' binary options. In both cases, these products were either carved out or not included in ESMA's temporary intervention measures

5. See ESMA's temporary intervention Decision Notices for CFDs and Binary options.

6. The FCA previously consulted on proposed domestic measures for CFDs sold to retail clients in CP16/40 published on 6 December 2016.

7. The joint HM Treasury, Financial Conduct Authority and Bank of England Cryptoassets Taskforce report was published on 29 October 2018




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

[coxsmn] 06/12/2018 18:50

Yes, bought a few more here and over at gvc today.

[woodhawk] 06/12/2018 11:35

Have you not seen the state of the market this morning? Everything getting hammered big time!

[teddy boy1] 06/12/2018 11:30

Methinks that the share price has being dropped and is being held back to let a BIG buyer in . It would certainly explain the behaviour here considering that there has been no adverse news.

[discodave4] 06/12/2018 09:12

Not suffering as much as here.Plus 32% below 52wh, IG 42% below 52wh.

[gbh2] 06/12/2018 08:27

Plus have a share buy back running yet their share price is still suffering.

[discodave4] 05/12/2018 20:14

Brexit and market volatility is a major plus for IG, so assume it's not been sufficiently volatile (how chuffing volatile does it have to be though!).Plus issued an "ahead of expectations" with strong momentum in Q3 and last month. CMC have issued similar results / trading patterns (no upward momentum basically) to IG, so do question what is Plus doing that we are not? (if you believe their numbers cough cough!).

[woodhawk] 05/12/2018 20:10

gbh2,

I'm with you re Brexit. Hanging on to all my shares across the board (with just the odd trade) like grim death until more positive times. Lots of great divis to accumulate while you wait too. Circa 8% here will do nicely!

[gbh2] 05/12/2018 19:56

I think the missing factor is the current uncertainty surrounding Brexit, which allows the Hedge Funds to swing the share price back and forth making money in each direction.

As usual PIs have two choices, attempt to follow the trend or ride it out, as the fundamentals seem good I'll hang on for the latest £10 broker target :))

[discodave4] 05/12/2018 19:04

No probs gbh2.Keep thinking what am I missing!. Regulatory risk I can live with, but why is this going sideways and not breaking out?Confused.com