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It's hard to know for sure but it think at some point in the near 1-2 years this will break it.
Then might get £21 or whatever, but FTSE100 will be the place then.
Obviously dyor etc etc.
as we seem to top in the £9's 11-14 would still be very good, don't have more than that on the radar screen?
As a rough working out £21 is feasible
Back in January it bounced from £7.50 twice so that seems like a good floor, of course it may not get there as since then we have had some decent results and updates which should have pushed the price up towards £10 or more but we are where we are back below £8 which is more puzzling to me. The disparity between how markets value shares and how they are theoretically worked out by fundamentals is very frustrating and puzzling!
Tom78 where did you get the £7.50 valuation? Or can at least try give this statement some credibility. I found simply very good for valuations usually a little bit higher but not by much from my experience. Also this is the highest the price has been looking at charts, we have had 3 dips from the £9 area. This time being the highest at £9:60.
If £7.50 the floor please state why or your opinions?
I’d like to pick more up before we hit the floor as I only can assume it’s going back to £9 plus and maybe repeat all this again.
FTSE250 taking a pasting today dragging us down with it. Can’t see any other reason.
Cheapsharesboy - nothing is happening now, but there is always the risk of something happening. That is the only reason I can see that these are not in double digits. Earnings, cash flow and growth are all there. Perhaps some see a moral issue with IGG, so are reluctant to buy, but I wouldn't think something like that alone would account for such a big discount.
Jonfon - EU legislation changes occured couple of years ago
I can't see anything new?
What new changes are happening???
I just added at 798p. This share price makes no sense after H1 numbers. Single digit PE, yield over 5% for a company with growth, low capital intensity, and huge cash flow generation. I think it's worth £15 today, so £21 over the next 2-3 years not ridiculous in my view.
It may or may not arrive.
AZ used to hit a ceiling like IG, then it went up 400-500% so it can happen. IG has heavy resistance at 950p area. If this breaks might head to £15-20.
I don’t know for sure what will happen.
I think it will break it early next year, times have changed and igg share price will follow but it’s a difficult one to call. I see this in ftse100.
I’m holding a fair few for the dividend and the eventual share price just. Just my view, I could be wrong. Yield is over 5% so I’m fine waiting. The proceeded of dividends will go to other bargain shares.
Investors have been spooked by law changes in Europe and the US that have had a bad effect on prices. While Europe remains an issue, the US, which is a much bigger market and in which we are established, is liberalising gambling laws. If games like Roulette and blackjack are lega, financial market derivatives shouldn't be a problem.
I agree £21 isn't realistic, but double digits most definitely is.
Might be worth picking up some more at 750p. Forget £21 a share that is pure fantasy, this had a higher share price five years ago so really not been a fantastic investment.
For me simply Wall Street has been great for information/valuations (my opinion) but I use several tools to help guide me. I think it’s in a different league to motley fool.
I get we share the same volatility but we seem to break the £9 barrier then crash back, I would have thought with tastytrade we would of moved up a bit more in price…maybe next time I will sell a portion and see if I can capitalise on the next jump.
Thanks for the input Eighteen
Isn’t simply ws just one of those algorithm websites that generates content much like motley fool?
Wouldn’t put much thought into it..
Our big problem is we are a barometer of market activity so volatility like this is great for us, the tragedy is we are part of the market so subject to the same volatility in share price....
We need a good period of sideways IMO.
According to simply Wall Street they value IGG at £21, right bargain to be had here! especially with great divi and the acquisition of tastytrade becoming fruitful or am I missing something?