We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Furthermore, for 3 quid a trade, I think that is cheap enough to not want to change to one that typically offers inferior spreads to other brokers like IG.
And we have not even covered the selling of customer data, which to the best of my knowledge, IG has never done.
I think I will stick too :)
Can you explain to me how RobinHood offering no FX fee and no commission will impact any of:
1. IG leveraged trades on Indices
2. IG Leveraged trades on FX
3. IG Leveraged trades on Commodities
4. IG Leveraged trades on equities
I can't see any impact here, so I'll stick with my holding thanks.
Everything gonna be under a lot more supervision now robinhood in the game
Next year gonna be a challenging year for brokers look at America all the brokers all sold up
Robinhood is serious
It's free all the commission ig gets is gonna be wiped out
Robinhood offering no fx fee no account fees and no commission
That is also a sensible additional point, Prognostic.
How is this relevant to most of IG's business? The stockbroking revenue IG product is inconsequential compared to the leveraged stuff.
I disagree. IMO serious traders want serious broker platforms. And that is where the real money is, not kids with small stacks. There is plenty in the public domain about that one, too. People can make their own minds up.
UK brokers are in deep trouble with robinhood moving in to the UK market
Robinhood offering no FX fee and zero broker fees
The IG business model going to collapse they may be a acquisition target for someone
Once RH introduce ISAs its game over
It is already illegal and should be policed more vigorously.
If the punishments were more severe, then perhaps that would do the trick. Or at least significantly reduce the practice.
Naked shorts should absolutely be banned.
I hope our dumb politicians do not follow suit.
Nothing wrong with short selling whatsoever.
It can serve many positive purposes, from highlighting problems in certain companies, which the mainstream have overlooked/have not seen, to providing market liquidity.
Not to mention generating a lot of revenue for the public purse.
Which the politicians will no doubt squander of course, but the point still stands.
Laws already exist to deal with the type of dodgy activities that some short sellers/boiler rooms use, so rather than banning short selling, they can simply enforce existing laws to this end.
Which I am sure most people would welcome.
South Korea bans short selling
A buy recommendation from Tempus in the Times:
https://www.thetimes.co.uk/article/oil-major-adrift-after-loss-of-skipper-72ldmrphh
As someone who has been holding IG for a few years and is in the red, I'm pleased to hear they are trying to be far more profitable. It also looks like the market agrees as we have gone up 3% so far and I hope it holds it at the end of the day.
https://www.proactiveinvestors.co.uk/companies/news/1031481/ig-group-to-cut-workforce-by-10-1031481.html
This does not have an opinion but it's good to get the news out with traders.
GL all holders and DYOR.
I do not think they are going to sacrifice those people who make the business work well, such as the customer service staff.
I am confident that they can find a lot of those savings in some of the (underperforming) senior management.
Exactly what we wanted cost cutting
Good news
I don't like the RNS. They want to grow and reach more customers by reducing staff in big numbers? The quality of customer service will go down, same for product upgrading and servicing. It feel like a shortsighted move and it tells me that IGG is struggling to meet earning targets. Which ties up nicely with insiders selling their shares.
Well, not sure how the market will take that RNS, but personally I am quite pleased to see that the opinions of some of us here are not falling on deaf ears.
Will buy a few more if we see a dip, but IMO, this update should drive the SP to a higher range, meaning I should not get the chance. GLA.
The share price could be doubled so easily.
Just need a CEO from USA who knows how to cost cut and run it efficiently.
I am just not sure it's gonna happen.
They'll just hire another one who can do the "job" and that's about it.
Clueless! If the CEO had a clue - she would embark on a drive to double protitablity right now.
If you get the right guy - that would be so so easily done. I just don't think it's gonna happen.
Most UK companies are content on a stalemate - rather than progress. Sad because this company is literally a cash machine and could be double so.
It does make me wonder when people ask questions like this because the information is very easily found.
However:
The previous interim dividend was paid 3/3/23 so expect the next around a similar date in 24. It will be announced in the Interim results expected late January or early February.
Largely agree, CSB, although I stand by my previous comments regarding trimming the fat at the same time.
As I keep saying, this is a great outfit, but to unlock its full potential, needs a strong leader, as we had with the founder.
As to the question of the next dividend, not sure it has been announced yet.
When is the next dividend scheduled to be paid please?
IG is a professional platform. It is not so much impacted by "punteres" who put money into savings instead.
The geopolitical upheaval pretty much nails it for IG. Revenue is rolling in - and trading is not going to stop.
This is not a RETAIL PUNTER outfit like cmcx. Alexxandro, you seriously need to study the markets a little bit more, IG don't work like that. You don't seem to know what you talking about. But best of luck to you and keep your money out of here if you think it's not right. I see this as a real-safe heaven for now, even if capital gains are low, dividend is now 7.3% and safe. It's likely to rise in the future too. I beg to differ on your post, professionals are not losing taste for trading, you talking about ignorant folks who trade for a year at best then leave. Pros thrive on volatility - which is only set to increase. I am looking forwards to have egg on your face.
Not sure I entirely agree - increased volatility should be good for us - and I think the bulk of our clients are professional traders, not the meme-stock crowd (who I agree probably are starting to put cash into savings, rather than trading now...for those who have not blown up their p/f anyway).
But if you are right that revenue and earnings are going down for a year or two, then all the more reason to make significant cuts to the headcount here right now.
Along with far less generous remuneration, from the top down. Until revenue and profits have returned to where they should be. Basically far fairer performance-related pay.
And while we are at it, put a stop to that foolish 1% post tax charity donation that I think June initiated.
Let shareholders make such decisions on an individual basis.