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From May to September, as people will take summer holidays, usually it is a lean period for trading. This year is unusual, as people may take advantage of the end of lockdowns, doing other things than going abroad for holidays. Expect reduced trading activity , therefore we see all trading brokers going down more than others
Thinking about buying some more here, but it seems t be in a downward spiral. There is significant selling pressure . Wonder where is the bottom?
I haven’t heard anything about tastytrade and worry it fell on its arse tbh was a ridiculous buy and the website is awful.
After a nice extended run following the "Tastytrade dip", the shares now seem to have found reverse. I'm still happy to hold as its still a fantastic cash generative business on a low P/E and high yield. The recent share reversal does seem odd given markets overall and the attractive sector it is in. Perhaps there's a fear that volumes will dip as people will go back to the offices? Haven't heard anything about TastyT recently.
.....also worth mentioning that the continued vol in crypto should be pretty revenue generating - the spreads on Crypto CFDs is much wider than liquid equity indices.
No need to hope. It is actually possible to ascertain facts about things before you post inaccuracies here.
Go to:
https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-cryptocurrencies-cfd-product-details
Scroll down halfway and you'll find:
'As we hedge client exposure in the underlying market, our interests are aligned with yours.'
You're welcome.
Hmm. Hope you are correct
They hold the crypto to hedge against clients with long positions. Their net position is zero here, as it is on everything else - their policy is to hedge c100%. So movements in crypto don't matter, but volatility does, and if anything we've seen vol rise over the last few weeks across all markets including crypto, so your prediction seems somewhat baseless?
Agree with you. Except IG Group hold 70mln in crypto assets. Using VIX as a gauge, volatility has reduced considerably. I would argue recent SP increase to 9.5 ATH is due to crypto rallying. That's why if it drops, we'll see this drop too.
Just a thought. IMHO.
Fire , volatility in any market drives trades and is good for igg imv.
Bitcoin down *
News on the street US treasury to charge several institutions for money laundering using crypto. down almost 10% at one point. Could be buying opportunity. or major selloff of what some claim is an overdone bubble.
Could see return of £7-8 here again if so.
Fair enough Prog - thanks for the context. IG is my second largest position at about 6% of my UK equity portfolio (L&G the largest at 8%). UK portfolio is about 20% of total Investment portfolio. 80% is very diversified by geography and asset class using a range of active funds as well as passive, P2P lending, cash, Premium bonds etc etc. I've worked in the investment industry for over 30 years now and......that's enough of my life story!!!! :-)
I suppose I should clarify.
I have 50% (ish) in index trackers, fairly balanced around the world and expected to remain so for the long haul. I don’t believe I can predict the market better than tossing a coin (or that anyone else can, tbh).
IG takes up my entire “risky” holding for a few reasons, but primarily because I worked there for nearly a decade and have a better understanding of the company than of literally any other stock I could invest in. I think it’s a great company. If I didn’t have the “insider knowledge” I’d hold less than half of what I do. I have 10% of “play” money, chasing very high risk/high return assets (currently all invested in Turkey hoping to capitalise on them exiting recession). And then a select few “safe” holdings that I move around based on what I think the market is likely to do (totally contradicting my first point, but who doesn’t love a bit of cognitive dissonance). Right now that means I hold a couple of REITs, hold a bit of cash and hold a couple of gold miners.
In short - half of my money works in parallel with the world markets overall, and half I use at my discretion to see if I can do better. With IG, I think
I can do better :-)
Prog - your post makes good sense, right up to the point that you reveal that IG is the only individual stock you have, and it's 20% of the entire portfolio. So 80% of the portfolio is spread over hundreds of companies, and then 20% in 1 company. That's not what I would consider to be a sensible risk management approach, but each to their own!
Thanks i will buy I think I was already on for it really
As with most investment decisions, the answer is "it depends". If we could somehow ignore our basic pschology and just look at investments and cash in purely objective terms the question is simply this. I have assets of value X. What % of X should I invest in various places?
The answer for each of us will be different depending on our risk profile. IG is an inherently risky asset (always the threat of regulation0, but is hugely cash generative and has great prospects. Assuming you want some of your assets, choose a %, and then figure out how much of that goes to IG. If you already own that much, don't buy any. If you don't, buy more.
At £9.50 (and even £10) IG has a place in my portfolio. Right now it represents about 20% of my equity portfolio (the bulk of the rest is in Index trackers). I don't intend to let is get above 25%. I really dislike ideas of a share being a hold vs a buy. Those are the same thing depending on what you already have. The question is, should I hold any of this asset, or is my money better off elsewhere. Right now I think my money is working hard for me invested in IG.
So yeah, if I didn't hold, I'd buy.
I never do this (ask), but I have an average of 7.8.. I have 0 intention of selling, but would you buy here? Where we are now? It’s just I don’t know where extra revs come from once market returns to normal
Just read the news about e toros valuation and am thinking that it may be the cause of the rise in all spread betting companies over the last few days.
Yep. £4.5bn mkt cap would be required which equates to sp of c£11.25. Now that would get things moving nicely!!
If we end up at like 11£ don’t we get FTSE inclusion?
...the stock back above £9. Hopefully this time we can now start to test new highs, and move towards a double digit (in £s) sp!
Don’t forget you pay like a 20% premium to own just
Cash that was yours lol.
SPACs are essentially “shell companies” with no actual commercial operations but are created solely for raising capital through an initial public offering (IPO)
H73
NO
Etoro are merging with a SPAC - Fintech Acquisition Corp. V