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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

Stan - 05 Sep 2012 09:15 - 47 of 187

421p next, according to the chart H.

Stan - 06 Sep 2012 07:40 - 48 of 187

Quite a shift up last Nov. 21st-30th (73p) I've just noticed, Had a bit of a dig around but does anyone remember the market conditions that surrounded that rise exactly?

HARRYCAT - 06 Sep 2012 11:01 - 49 of 187

Not really. Have had a look at the FTSE (UKX) chart, but it was firmly in uptrend, with the odd lurch down.
IGG now 435p. Don't jinx it Stan! ;o)

Stan - 06 Sep 2012 16:05 - 50 of 187

Do me best Harry -): but i'm still waying up an entry point.. or not.

halifax - 07 Sep 2012 16:10 - 51 of 187

not much upwards movement in front of next tuesdays IMS, perhaps lack of volatility in the market is the problem?

HARRYCAT - 11 Sep 2012 08:05 - 52 of 187

StockMarketWire.com
Spread betting firm said revenue in the first quarter was in line with expectations at £81.5m, 18% lower than the prior year.

As previously stated, the comparator period in 2011, which was 30% ahead of the year before, was marked by some extreme levels of volatility in financial markets and short term spikes in client activity.

August 2011 remains, by some way, the record month for the group in terms of trading revenue.

Performance across the group was reasonably consistent, with revenue down in all regions. The particularly quiet financial markets impacted all areas of client activity relative to the prior period, including active client numbers, average revenue per client and the number of clients signing up and trading for the first time. The impact of the fall in revenue on profit before tax was partly mitigated by a number of factors including the flow through into lower staff bonuses, low betting duty and subdued marketing activity; the last of these was both as a direct result of quieter markets and hence reduced demand, and in anticipation of new marketing due to commence early in the second quarter which will build on the strength of the IG brand.

In the longer established UK and Australian markets, both the number of clients active in the period and the average revenue per client were down, leading to revenue falls of 21% and 17% respectively. Recent market share data* in Australia indicates that IG's market share increased over the prior year from 34% to 37%, in a market which grew by 7%; this is particularly pleasing against the backdrop of increased competition and higher competitor marketing.

Revenue in Europe was down by 20%, reflecting the return to more normal seasonal trading patterns, with clients reducing their activity during the summer holiday period. Active client numbers increased in all of the European countries, with the strongest growth in the group's newest offices in Sweden and the Netherlands. However, weak sentiment, coupled with a more challenging competitive environment, impacted results in Germany against a particularly strong prior period.

The Rest of the World was only slightly down against the prior year, with the drop in average revenue per client almost entirely offset by continued growth in active clients. Nadex continues to develop its direct retail offering and saw a steady improvement in the number of clients trading on the exchange, albeit from a low base.

IG has a track record of applying higher standards than required by regulation in the protection of client money, including being the first major CFD provider in Australia to offer full protection and in the UK offering full protection to individuals who are classified as professionals. In keeping with this leadership position, the group has recently had an independent assurance assessment of its client money processes and controls completed to the ISAE 3000 standard, and believes it is the first firm in its industry to do so.

Outlook
The first quarter of any financial year is normally the lowest revenue quarter for IG, with the prior year an unusual exception to this. The group continues to face tough comparatives at the start of the second quarter, with September 2011 the second highest revenue month in the history of the company. The group anticipates that revenue this year will, as in most years, be weighted towards the second half.

HARRYCAT - 11 Sep 2012 08:12 - 53 of 187

The words 'lower' and 'down' appear far too many times for my liking in the results RNS, yet the sp is up 4%. Not complaining, but............

Balerboy - 11 Sep 2012 08:14 - 54 of 187

I'm not complaining well in profit now, got to watch for the top and set stop.,. 460p maybe top.,.

HARRYCAT - 11 Sep 2012 08:16 - 55 of 187

Push through 200 DMA to top at c480p. Another week to go until ex-divi, so always hopeful!!!

Balerboy - 11 Sep 2012 08:32 - 56 of 187

missed the nano second it jumped to 460p lol settled for 451p.,.

Stan - 11 Sep 2012 08:34 - 57 of 187

Up nearly 6% at the mo, well done boys.

Balerboy - 11 Sep 2012 08:37 - 58 of 187

Then it jumps back up to 457 aaaaaarrrrrrrr!!!!

HARRYCAT - 11 Sep 2012 10:23 - 59 of 187

464p and still going! ;o) (Sorry Bb) ;o(

Balerboy - 11 Sep 2012 11:13 - 60 of 187

Up and down like cynics pants.,.

HARRYCAT - 11 Sep 2012 13:54 - 61 of 187


Low of 440 & high of 468, so far. Think I will hang on though for a day or two and decide whether to get out before the ex-divi drop.

Stan - 11 Sep 2012 16:10 - 62 of 187

Mind you don't lose it though Harry.. a good profit that is -):

HARRYCAT - 11 Sep 2012 16:44 - 63 of 187

Profit + divi would be nice though! I have known stocks hardly alter when the ex-divi date kicks in, so can't decide what to do......yet.

Balerboy - 11 Sep 2012 17:51 - 64 of 187

good luck harry but i think your being just a tad greedy:)

chuckles - 11 Sep 2012 17:57 - 65 of 187

Can't recall why I thought this was a short from 460p, will have to take another look.

HARRYCAT - 11 Sep 2012 20:29 - 66 of 187

Yes Bb, you aren't far wrong, but it is a strategy which is working for me atm, though sometimes I have to wait a few weeks for the sp to recover after the divi. There doesn't seem much point in getting the divi but selling at a loss, so I spend quite alot of time hunting around for stocks which seem to recover quickly.
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