Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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I would suggest the comparison is even more stark than you think - looks like it'll come to the market at 20x sales. IG currently on 3.5x..........The maths isn't hard, right? (well, it might be for old Fire P...;-) )
has been a great investment for me.
I cannot believe that Etoro are planning to float on the Nasdaq with an estimated value of more than double the current value of IG group
No I didn’t ask that well noticed.... it was an unusually large drop.. in a day without news
But you don't ask why it rose on previous days. It's still nearly 10% up over the past 2 weeks.
Why did we drop today!
Sorry - that's just spouting numbers. Perhaps you could talk about you expectations on earnings, dividends, cash flow, and ratings?
Like you, I've held here for quite a few years; made a good amount; and have been extremely bullish. I say 'held' because yes, the patterns are clear on this stock, and de-risked it confidently - just like all 'LTH'. You can also read my previous posts. In Oct '20 I stated how the sp is not respecting market volatility trends as it should have. I stated this would be £9.5 by summer. Because I believe in TA, coupled with the issues I have experienced and IG failure to realise, in addition to the way overpriced Tastytrade acquisition, I'm no longer a fan as previously. There are other better undervalued stocks to pursue.
I have posted long and detailed views on this company including price targets, for quite a few years. Seems a waste of my time to have to repeat them to someone who is unlikely to understand them. However, if you can learn how to use this site (a Big 'if' considering your track record) then you'll find a fair few posts of mine following the results in January, based on rational thinking, (and, to be fair, 30 years of investing). How about you read those and then tell me where I've gone wrong. ....:-)
Funny guy you are....just because I've experienced technical issues/glitches with various securities every often, you feel the need to be patronising - shocked but not surprised really.
Spent time on phone waiting for someone to answer. Just shows how many people are having technical issues. Not just I.
For me, I no longer trust IG's charts and that's the issue. I leverage trade elsewhere now and I bet others have too.
Additionally, imo the SP has not been reflecting the performance of the company, and has not been for the past 18+ months. Sell on news, this stock. So in the meantime, I'll continue with that trend.
Really, I don't even need to give you a reason, you are the one insisting £12, so YOU need to show how YOU have come up with that. Seems you've just drawn an uptrend from Feb '21.
....from the genius who can't even get to grips with IG's website.......:-)
Perhaps you would like to provide your logically thought through argument as to why £12 is unobtainable?
£12?! Ok even assuming no further regulatory restrictions, that's not gna happen.
Huge UT auction is due to quadruple witching day when lots of options expire. Lots of shares had a big gap down on the close today.
Huge 73M UT trade went through after hours today, looks like a sell which is probably why the price dropped a little today.
I still think we will be over 1000 in the next month or 2.
Also RBC RAISES IG GROUP PRICE TARGET TO 940 (930) PENCE - 'OUTPERFORM'
I’d love a buy back this year since we got so many shares... only a small amount though
....and IG also offering more traditional broking service if required, so all bases covered.
Increased volumes here to stay and conventional brokers like barc and HL will lose more business to the spread betters so outlook here excellent imv and the market is just waking up to that fact imv.
..the stock moving back towards £9. Buy whilst stocks last.......:-)
Tom - and what's any of that short-term noise go to do with an end year price target?
I keep seeing large UT trades go through at the end of the day, so I am guessing maybe a fund is still offloading some shares? This could be holding the price down, as I see no other reason why this shouldn't be moving up, especially after the stellar results.
I don’t think it will get to £12 at year end. cmc has a massive rise on our update, and today we have given up half our gains already!
IG called me iro Gamestop and said they had to pull the plug as they had an huge number of new clients signing up to buy this one stock which was what caused their system to keep crashing as they could not process so much action on one share.
So, how many of these new clients will be fast out of the door when they feel that IG and Robinhood etc halted buying to crash the market causing all their bets to be lossmaking?
I suspect many of their new clients will be ****ed with them right now, and when everyone gets back to their offices trading will drop off the system. I know I will be one of them.
Still think we have some upside for now though.
Agreed! £12 is my year end target.
Couldn't agree more. Regulation continues to be the only significant threat I think, and if any of the growth opportunities turn out to be significantly larger than anticipated (Japan being the one I like most) then the sky's the limit.
I took profits on my short term spread bet (bought IG at CMC at 745, out at 850 this morning), but IG continues to be my single biggest holding by miles and will remain so until it gets close to £10, at which time I'll likely take half out - too much of a good thing, too exposed.
Terrific numbers again for Q3, plus additional good news on tasty trade. Q4 will be very interesting as the comparison year-on-year will start to get harder. However, with the enlarged customer base, and market vol unlikely to dissipate anytime soon, I think IG can still grow from here. Put this in the context of a PE of 9x for this year, >5% yield which will grow, zero debt, I continue to be a very happy holder at these levels!
This Board is for investors in IGG, and the pros and cons should be on the outlook for the share price, not questions relaying to the use of it's platform. Stop being a tool on here, and just go and ask the IG helpdesk - I'm sure they'll help (clue's in the name). If you have something to say about the direction of the share price, backed up by disciplined thinking, then post on that.