Decent results out today and a good divi 11p (not checked the cover yet though), has and should benefit from an up and down market.

Worth keeping an eye on perhaps, what do you think?

First Quarter Revenue Update http://www.moneyam.com/action/news/showArticle?id=5673294

The SP seems to be going in the right direction without news lately.

StockMarketWire.com
IG Group expects net trading revenue in the first half to be around 9% higher than a year ago.

The group said that following a strong first quarter, it continued to perform well in the second quarter.

A pre-close update said: 'Operating costs excluding variable remuneration in the first half of FY18 are expected to be around 7% lower than in the same period a year ago, primarily reflecting a lower level of advertising and marketing spend. '

IG maintains the guidance given in July that operating costs excluding variable remuneration for the full year are expected to remain at a similar level to FY17.

Down 11% after this news http://www.moneyam.com/action/news/showArticle?id=5785210

All of the related companies were hit yesterday with tighter regulations, possibly, regarding certain trading.

Is that right CD, just glad I was stopped out last week when they rose for no reported reason.

Back in as the 4%+ drop seems over done.

Interims out tomorrow.

StockMarketWire.com
Trading platform IG said regulatory changes will make it difficult to predict the level of revenue in the short-term after reporting record first half revenue and pre-tax profit.

Revenue is up 10% to £268.4m and pre-tax profit up 29% to £136.2m. Describing new leverage restrictions as disproportionate, the spread betting provider says the financial impact of the mooted ban on binary options and restrictions on CFDs 'is unlikely to be significant in the current financial year'.

However, its says the impact in future years is harder to predict, noting that if the measures currently being considered had been in place in its previous financial year then the reduction in revenue would have been less than 10%.

Came out the day before the Interims and will stay out for a while.

Trend is up.

StockMarketWire.com
IG said it continued to perform well in the final quarter of the fiscal year with net trading revenue for the full year expected to be around £565m, up from £491m on last year.

The group's operating expenses for fiscal 2018, excluding variable remuneration, are expected to be around £254m, up from £253m, in line with the previous guidance, the company said.

The group's charge for variable remuneration is expected to be around £36m, up from £24m.

The group had received around 15,000 applications since November 2017 from clients to elect to be categorised as professional, and 3,800 clients were now categorised as professional, IG said.

Clients categorised as professional contributed over 35% of UK and EU OTC leveraged revenue in the final three months of the financial year. This proportion would rise to 50% when the European Securities and Markets Authority measures come into effect, IG added.

The firm reiterated that revenues would suffer a 10% hit following new regulatory measures announced by European Securities and Markets Authority, leading to a lower fiscal 2019 revenue compared to fiscal 2018.

The company said it expects to return to revenue growth after fiscal 2019.

Chief Commercial Officer Bridget Messer and Chief Information Officer Jon Noble were appointed as Executive Directors to the board, IG confirmed. The appointments would take effect from 1st June 2018.

StockMarketWire.com 24/07/18
IG Group hiked its full-year dividend Tuesday after reporting a 34.4% rise in annual pre-tax profit tax aided by a 16% jump in net trading revenues amid growth across all regions and products.

The company proposed a final dividend of 33.51p a share, taking the full year dividend to 43.2p per share, up 34% from the prior year.

For the year ended May 31, pre-tax rose 31.4% to £280.8m, net trading revenue was up 16% to £569.0m, and operating profit rose 32% to £281.1m.

'The company delivered record revenue, operating profit and earnings in FY18, driven by strong growth across all regions and products, and has continued to make good strategic and operational progress,' said Peter Hetherington, Chief Executive.

Revenue per client rose 10% compared to the same period a year ago. The UK and Ireland saw trading revenue increase 12% to £249.5m while revenue per client increased 21%, offsetting a 7% fall in active clients in the UK to 59.9m from 64.7m.

IGs share dealing & investments segment reported a 67% rise in revenue to £4.0m while revenue per client fell 2% to £113.0 from £115.0.

OTC leveraged revenue rose 16% to £548.4m from £474.6m the previous year as a 2% drop in active clients to 144,600 was more than offset by the 18% increase in average revenue per client to just under £3,800.

Client trading in cryptocurrencies, which accounts for 7% of OTC revenue, had slowed markedly since the end of January, and accounted for 3% of revenue in the fourth quarter.

Revenue in EMEA, which includes EU and IG's subsidiaries outside the EU in Switzerland, Dubai and South Africa, increased 18% to £162.1m. While revenue in APAC increased 20% to £136.8m from £114.1m the previous year.

Record revenue, operating profit and earnings were driven by strong growth across all regions and products as the company braces for the impact of regulatory changes, which take effect in August, and is expected to lower revenue.

ESMA's measures relating to the provision of CFDs to retail clients in the UK and EU will come into effect on 1 August 2018, pressuring fiscal 2019 revenue, which is expected to come in lower than fiscal 2018 revenue.

Ex-div on the 27th of this month.

Yes and a reasonable percentage which is what attracted my attention.
The new regulatory changes might adversely affect the next set of results....possibly, maybe?
Am not a holder at mo.

Also not currently a holder and a bit wary of buying/selling at this time of the year so will continue fence sitting. Been a good earner in the past but it's now and the future that counts as we know.

StockMarketWire.com
IG Group reported Thursday lower fiscal first-quarter revenues as the volume of trading by retail clients was 'significantly' lower across the UK and EU as regulatory measures bite.

For the three months to 31 August, total revenue fell 5% to £128.9m.

The weaker performance was blamed on a fall in active clients in the UK and EU, following the implementation of ESMA measures, which sought to stamp down on the proliferation of CFDs in the retail trading industry.

The UK saw trading revenue fall 8% to £53.9m, while revenue per client increased 6%, partly offsetting a 13% fall in active clients in the UK to 34,000 from 39,200 during the quarter. 'The volume of trading by clients categorised as retail clients in the UK and EU was, as expected, significantly lower in August than in July following the implementation of the ESMA measures,' the company said.

The company reiterated its view that the impact of the ESMA measures on historic revenue would have been a reduction of approximately 10%.

IG Group stressed, however, that is was not possible to 'draw firm conclusions' on the impact of regulations from a one month period as it would "take time for retail clients to adapt to the new rules and change their trading behaviour."

The broker's German subsidiary had secured a licence from BaFin to offer financial services to EU clients, ensuring that its regulated financial products would available in all EU member states following the UK's planned exit.

Well I hope you stayed out Harry as well as currently down nearly 7%!

Yes, we have both dodged that bullet Stan.
Somewhere around the 460p level looks like a good entry point!!!

Certainly so...fence sitting very much underrated -):