Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Those question marks were supposed to be a 'thumbs up' - sorry for the phone text fail.
Fair point Matt ??
I read somewhere that modest interest rate rises will meaningfully boost Tasty and IGG profits, as they then earn more from client deposits. Is that others understanding too?
BTW - looks like I was right on the 8xx prediction today! :-))
SirBC - you're correct, but J's point was that the forecast was slightly down from mid 30s to 30. However, this is only because of the delay in Canada which will be addressed this yr. I wouldn't be at all surprised if they did more than 30 anyway given IG's normal conservatism.
PS Tasty growth was 34% in constant currency, which has to be the fairest measure.
29% in actual currency, meaning if currency swings had been the equal and opposite way, growth could have been reported at 39%.
But that's all academic, the important point is true underlying growth was 34%...
It's a frustrating drop alright, but given the short-term driver, it's certainly not a worrying one for me. No doubt it's exacerbated by wider negative market sentiment - whenever sentiment improves, hopefully IGG may see a better than average bounceback.
And with Q3's trading update hopefully under 7 weeks away, that should be a catalyst for share price support/appreciation, as I expect it will announce near-record quarterly revenue, maybe close to Q4 2020's £259m.
Looking ahead, IGG are also expected to announce a new dividend policy/capital management plan. Possibly they're waiting for the NADEX/Small Exchange disposal to complete before announcing a plan. Given the increased profits, I think it reasonable to expect the underlying dividend to increase come year-end, with the possibility (but not certainty) of a special divi or share buyback too.
There is always the risk of an unknown shock coming along out the blue, like a trading disaster (remembering the Swiss Franc) or regulatory change, for example in Japan or the US. But IGG have always recovered well from those factors in the past and today's drop is truly trivial in comparison to those factors - TCMI's disposal does not present a barrier to recovery or further gains as far as I can see.
I've bought another 500 shares for circa £4k, as I'm pretty confident in IGG's prospects, with the usual caveat that the future's never ours to see, unfortunately.
Matt the share price was 9£ it is no longer 9£
It is significantly less how can you not keep up with this?
You are being a prick.
Because at the fb of the day you are wrong, I think you should stick to index funds because I hope you are just pumping to try and make a quick gain. The price is down from where we bought tasty trade. We have lost money.
If you want to learn how equities work I will link you some books.
18 - I don't know what you mean by 'locked in'? Now listen carefully, it's very simple. You said everyone had lost money over the last year. 12 months ago (1 year) the price was 750p. It is now over 790p. That is a rise, not a fall. I am desperately trying not to call you names here as I have promised myself I would stop doing that on these boards (for example, the old me would have asked whether 18 was your age or your IQ...;-)). But I think what I'm saying is pretty clear, and struggling to work out how you are arguing against it?
Matt we had 9£ locked in..
I don’t know how that is not a loss to you)
Can you not look at a charts or something?
So right in literally 4 months time will you agree that we lost money because that is what the chart shows 1 year?
I feel sometimes like you are deliberately trying to avoid facts whilst pumping.
Stock price down. Eps down. 1 billion spent.
I don’t think you are looking at this objectively.
18 - re your post at 10.58 - are you not bored of being continually wrong?. Precisely 1 year ago the price was 750p. As it is now 794, I believe that everyone here who held the shares made a c6% return.
Lost money on IGG? I first bought 2Feb21, which is when I started learning this game.
Total purchases, less total sales, plus divis, has returned a CAGR of 17.01%.
Latest company update 2022 :
revenue from £854 to £958m 31/5/23 and £1.053b 31/5/24,
EPS unchanged at 83 GBp and gradual up.
divi unchanged at 12.96 GBp.
EPS are not growing so fast - why?
Capital markets expected to grow 18% this year.
The price target is unchanged £10.24 and the share price should return to the mid £8.50's GBP sometime soon, maybe £8 today, wish we knew.
I'll add my two peneth as a long termer.
Not happy with another big fall today after promising results yesterday, but I have seen it so many times before with this share. I keep telling myself to sell it but I just keep on holding for that little bit more of a rise because I think it should be worth much more fundamentally.
I was buying here back in 2014 firstly in the £5 range and traded a bit since then so I am well in profit overall but it is frustrating and any newcomers buying north of £8 may need to be very patient.
Matt we lost money this past year is what I have said. which is true for everyone here.
Au contraire - I've made money in this stock having bought most of it at the 4.xx and 5.xx levels. It's all in the posts if you trawl back far enough.
iPhone matt and you know I can.
Cheap shares boy loses money all the time. Is important to fade him.
This stock loses money and you cheerlead all the time matt.
We have lost money both of us. This is not good.
You only posts here or Lloyds.
You are a novice investor?
I been trading and investing for 12 years now on
3 different platforms.
Perhaps you you to read some 101 on basic trading / investing. Good luck
18 - - if you cannot even spell the word yield, can I humbly suggest that investing might not be for you.....;-)
Ok Bidstack up 100%
Mks up 50%
I think you are a loser
Filter on
Cheap shares boy why do I always notice you on bad shares? Not this one but others? Very bad omen.
Ok Eighteen sell your shares if you any, and go elsewhere
Actually a lot of bonds yeild around 6.5% and don’t drop massively…
This stock has done badly really, tasty trade has annihilated share holder value. We should be up at 11£ and if we hadn’t of bought that we might well have been.
Matt and SirBeany answered better than I could. I don't really understand the merits of asking a question like "would you be happy if the gave away all profits"? Rhetoric?
IG pay circa 30% of net profits as variable remuneration IIRC, the same argument could apply. I want a profitable, growing and sustainable company in which I can remain invested for decades. Social responsibility (some could say ironic, given the business of IG) seems good for long term sustainability, another part of helping it's best people feel like that's a great place to work.
Great set of results, and with the volatility up igg has got the wind in its sails.
Really happy to hold, great dividend while we wait for the price to go up to more realistic levels.
Eighteen will rather buy bonds than IGG.
That’s ridiculous.
Some government bonds are worthless, I would think inflation means they are negative investments.
Absolutely ridiculous to say bonds are better.
Well feel free to buy debt and receive nothing in return. Oh, it’s also exciting to watch paint dry lol
I’m am happy that IG is giving away 1% to charitable causes. It makes me more likely to hold for long long time rather than sell. I believe this will boost the share price.
I have a fair bit of these, Abu dips below 860p I will add if I have the money and if it goes there.
I’m waiting for it to cross £10. I believe they will arrive sometime in 2022.