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I would like to see the breakdown of the tasty trade user growth and igindex separately... revenue and profit too... I can’t help feel we spent badly.
Stunning results but divi unchanged - stunned by that also! Expecting at least 5% increase in sp today we shall see.
Yes hopefully an increase in divi and some clarity on TastyTrade.
Results for full year are due next week on 22nd. Lets hope for some decent ones and hopefully a reversal to our current decline!
Tom might have a point though - the largest Index funds tend to be FTSE All Share or FTSE 350, and IG will remain in both of them regardless. Still think there would be some benefit from FTSE 100 inclusion but it might not be huge. We'll see (hopefully...!)
If we did get ftse 100 all the tracker funds would have to pick us up though admittedly as Matt has said it isn’t yet on the cards but that would give us a kick
Probably as broad as it is long changing indicies, certainly expect no boost is sp beacuse of it. I prefer the 250 as the 100 is full of ex growth dead dogs and probably one of the worst indicies in the last 20 years.
Ok, good stuff. Interesting point re FTSE 100. Currently, smallest co. in the index is Brit Land at £4.6bn. IG currently 3.7bn, so we need a price of around £10.50 (assuming other prices don't change). So I guess not likely short term, but definitely a possibility medium-term with a fair wind. We haven't had a pre-close trading statement in early June like last year which probably means results are more in line with expectations. Looks like we'll have to wait until full year results are published on 22 July before we get the next leg up (unless we get something positive from CMC and/or Plus500 in the meantime). Either way, PE of 9x, yield of 5%, and underlying growth in the business (particularly post TT acquisition) feels pretty good to me!
Ok Matt I agree. Ftse 100 here we come
As it's already known, and hence in the price, it cannot be the factor causing price weakness. Hence I didn't mention it. The name calling/banter was fun for a while, but perhaps time to stop now?
Well Matt the arse why didn’t you say that?
.....which was already known about.
Ahh tastytrade dilution
Maybe lower volatility, lower trading volumes due to summer etc. It has been pretty miserable since it hit 950p . We will probably need to wait for the next update and hope it is good for a change of direction.
We are having a little dip?
good CMC numbers today. Be nice if a pre-close trading statement (like last year) was forthcoming in the near future for IG with similar trends!
Not wanting to pump but sign up to tastytrade and try it yourself.
Plus so much volume is coming from options activity nowadays.As an ex options trader Tom (creator of tastytrade and sold sinkandswim to tdameritrade) knew this!
He knows where the business is going, and only accepted ig investment as he really wants to scale and produce novel financial products to trade 24/7 and realised this was the right time to scale and he needed the right partners and finance.
Very shrewd guy by his record imo!
Love Tom at Tastytrade.He is a very shrewd investor having already created 2 extremely successful businesses from starting as an option trader in Chicago.He is really on the retail traders side and they know it.He saw the trend years ago with his daily broadcasts with 'the Bat' etc.. 10 years ago of the power of the retail trader.Great investment by IG.
Tastytrade are developing their own crypto derivatives and looking to do more.Tom really can see where the market is going.
You expect to hear about a US-based brokerage on a UK-based board, or in the UK press? What's the 18 moniker? Your mental age or your IQ? The only definitive data you'll get about revenue/profits will be from the Company statements.
On that note, we had a pre-close trading statement this time last year, so we might get an update sooner rather than later.
No Matt the arse I want to hear about it...
Actual visibility ???
Not from rns ect... I want to have heard about it elsewhere I want people to be talking about it...
It was said that in the California gold rush the people who really made money were the ones selling shovels. Likewise in the crypto rush. IGG are major players in this space, not only holding hundreds of millions in Crypto for spread betting clients but also charging 25% a year interest on the positions.
Tastytrade also has a Crypto platform. I don't know how big it is, but even a tiny share of the US market will be significant.
With market, and particularly crypto vol, I think IG will be minting it at the moment. Regarding 18's comment below on TT, they gave an update in March. What do you want - a daily TT update? Silly post.
Nice little increase for IG today. Only news I can find is: RBC RAISES IG GROUP PRICE TARGET TO 1,025 (940) PENCE - 'OUTPERFORM'. 1,025 would be very nice!
Well I have taken a few of IGG this morning. It may be bumpy or not the best timing but keeping my eye out for further dips and adding for the longer term PF. Seems to be a business with a strategy of growth and a consistent dividend payer.