I picked up a few of these today as I thought the results were impressive and the sp has further to rise. If the markets turn stormy the company will produce even better figures. anybody else bought in?

a money machine and paying a maiden interim what more do you want

LONDON (Thomson Financial) - "IG Group Holdings PLC, the UK spread-betting group, said it expects revenues to rise around 53 pct for the first half of the year, helped by strong trading brought on by high levels of market volatility.

In a pre-interim results trading statement, the group said that it expects revenues to rise to 85 mln stg in the first six months of its financial year ended Nov 30, up from 55.7 mln stg in the first half of 2006.

The group said that it expects to report that its financials business has grown 58 pct and experience record levels of transactions."

Is anyone following this? Looks like results are good & sp currently way above the 200 DMA.

"LONDON (Thomson Financial) - Spread betting firm IG Group turned in a 63 pct increase in pretax profit, helped by volatile financial market conditions in the wake of this summer's global credit crunch.

In a statement, IG said its pretax profit for the six months to Nov 30 2007 came in at 48.2 mln stg, up from 29.6 mln stg in the same period a year earlier, while turnover rose 54 pct to 85.8 mln stg.

The group said the improvement was driven in part by increased levels of trading activity as clients attempted to profit from financial market turmoil following the credit squeeze.

'Market volatility undoubtedly played a part in the growth that we have seen in the last six months,' IG said.

IG is paying an interim dividend of 3 pence per share, up from 2 pence a year ago."

And the share price promptly drops 5%!!! IG Group Holdings plc confirms that the interim dividend of 3.00p per share will be paid on 28 February 2008 to those members on the register at the close of business on 25 January 2008.

Now down 10% with the chart showing support at approx 350p.

LONDON (ShareCast) - Shares in spread betting firm IG Group fell sharply despite a 50% hike in the interim dividend and strong growth in pre-tax profits and turnover, as US bank Citigroup issued a bearish update on the group.

IG group said market volatility helped it deliver growth across all areas of the business in the first half of the year, with pre-tax profits up 63% to 48.2m on turnover that rose 54% to 85.8m.

IG said it remains difficult to predict future trends in volatility or customer reaction to change in market conditions but it is well positioned for further growth.

However, Citigroup said its forecast of 88m full year pre-tax profit assumes a significant deceleration in growth to 2% in the second half. Other analysts expressed worries about increasing costs.

Coming up to divi date, hence the sp support.

Anyone using IG Index for SBs, be careful they have doubled their spreads this afternoon.

That should boost their profit margins nicely then! :o)

IG Group said quarterly revenue surges - MoneyAM

Spread betting company IG Group Holdings said group revenue for the three months to end-February rose 55% to 46m from 29.7m a year earlier.

The company said that it remains confident in its prospects for the current year and is 'well-positioned' for further growth.

The group's new offices in France and Spain, which have been trading for about four months, have already generated sufficient revenue to cover their direct monthly costs, it said in a trading statement.

It added costs remain in line with management expectations, and it continues to benefit from the equity market volatility, which is an important short-term driver of client activity in its financial business

SP down 22.5p @306p looks like EK and his merry band are active with this one.

Goes ex-divi 28th jan '09. 4p per share.
BROKER NEWS 23.10.09-IG Group initiated with buy at Teathers, target price 370p

MoneyAM
"Revenue for financial derivatives trading and sports betting firm IG Group Holdings rose 35% to 62m in the three months to the end of February.

But it says measures taken to reduce credit risk have inevitably resulted in the loss of some revenue and while it had seen significant growth in its newer businesses, the overall growth had been affected by a very strong comparative period.

Operating costs are in line with management expectations and the group continues to achieve high levels of account opening in its financial businesses.

The group's financial businesses opened 18,700 accounts, including 4,400 from FXOnline, compared to 10,500, excluding FXOnline, in the corresponding quarter in the previous financial year.

The group's six newer offices in Singapore, France, Germany, Spain, Italy and the US continue to deliver very strong growth. "

SP currently 172p, down 33% today, which just goes to show what the market thinks of the above report.

I like this paragraph as highlighted by Kyoto -

The Group's clients have become increasingly accustomed to the higher levels of volatility that have been a feature of equity markets since the summer of 2007. As a consequence the uplift of revenue that the Group typically experiences on a higher volatility day is becoming progressively less marked and this made growth against very strong comparatives challenging in the Group's two most established businesses in the UK and Australia. The Group's UK financial business achieved revenue of approximately 31.5m, compared to 34.0m in the corresponding period in the previous financial year. The Group's Australian business achieved revenue of 6.4m, compared to 6.9m in the corresponding quarter of the previous year.

IGG goes ex-divi wednesday 9th sept '09 (11p)

SP. up nearly 4% so far on no news, prepare for Director/Institutions buy announcement soon IMHO.

IGG up on broker Canaccord buy recommendation with target price of 375p.

Thanks for that H, any idea when that was announced please?

11.30am today.

Thank you.