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IG GROUP HOLDINGS PLC (IGG)     

Stan - 21 Jul 2009 11:06

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?


Chart.aspx?Provider=EODIntra&Code=IGG&Si

HARRYCAT - 22 Aug 2012 14:01 - 22 of 187

Tricky to know where the market is heading over the next few weeks, but assuming nothing catastrophic hits the headlines (nude pics of Prince Harry don't qualify), I would like to pick up some IGG at around 420p. Only 28 days to ex-divi.

Stan - 22 Aug 2012 14:25 - 23 of 187

Good point about being careful in the near future, I've had my best summer ever up to now and don't want to spoil it, so my gut feeling is to unload for now in general, sit on the fence and see how it unfolds.. but divvies like these do make one think about possible opportunities.

halifax - 22 Aug 2012 14:41 - 24 of 187

IMS due early september.

Balerboy - 22 Aug 2012 21:55 - 25 of 187

hope george is watching this one, will it go to 420 or even 410 for bottom?? 16.75p div

HARRYCAT - 24 Aug 2012 09:08 - 26 of 187

426p currently. Bank holiday coming up. Looking for 415p.....hopefully!

Stan - 24 Aug 2012 09:42 - 27 of 187

Hold up boys! just seen the Divvy Cover:http://www.moneyam.com/fundamentals/index.php?display=dividends&stockCode=IGG 1.5 Cover is usually considered a minimum, so I'm currently hesitating until I know more.. what da yar say?

HARRYCAT - 24 Aug 2012 10:54 - 28 of 187

PE of 11.4, Div cover of 1.7,, Div yield 5.2%, EPS growth f/c 1% for 2012/13.
It's just my intention to try and get in as low as possible, get the divi and get out pdq, but if I get in and show enough of a profit before the divi, then I will sell. I agree that post divi, the sp will probably take a biggish hit.

Stan - 24 Aug 2012 12:25 - 29 of 187

Where did you get those numbers from H, are they up to date? as mine are from Thomsons and I had assumed current.

HARRYCAT - 24 Aug 2012 12:52 - 30 of 187

They came from digitallook.
I checked with LSE web page and figures are very similar. Div cover is 1.68.

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B06QFB75GBGBXSTMM

halifax - 24 Aug 2012 13:19 - 31 of 187

HARRY IGG dividend policy is to pay out 60% of diluted earnings per share, so dividend cover should always remain around where it is now.

HARRYCAT - 24 Aug 2012 13:58 - 32 of 187

Cheers h. Sounds good to me.

Stan - 24 Aug 2012 15:13 - 33 of 187

Cheers H, Me to, consistent over the years as well.

Balerboy - 30 Aug 2012 19:37 - 34 of 187

took plunge and bought at 426p doesn't seem to want to drop anymore and Sept coing up fast.,.

HARRYCAT - 30 Aug 2012 20:17 - 35 of 187

Yes, I think you may be right Bb. Am still watching and hoping to buy at 420p, but it's just me being bloody minded really 'cos I don't think 6p is going to make a great deal of difference in the long run. Just satisfying to buy at the bottom!

parrisf - 30 Aug 2012 20:36 - 36 of 187

Also waiting for 420. Nice divi 16.7p a share. All the best Balerboy.

chuckles - 30 Aug 2012 21:38 - 37 of 187

I'm cleanng IG out, go short if I were you.
Apart from that it's a short from 450-460p anyway.
Ta da!

HARRYCAT - 30 Aug 2012 21:46 - 38 of 187

I tend to agree, which is what I said in post #28, but to be short pre divi seems a bit risky, imo.

Balerboy - 30 Aug 2012 22:52 - 39 of 187

I'd be quite happy with 450-460p thankyou.,.

Balerboy - 31 Aug 2012 09:07 - 40 of 187

Going well this morning, already 431p.,.

HARRYCAT - 31 Aug 2012 09:58 - 41 of 187

Selftrade broker consensus has a 515p target.



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