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Yes the CFO voluntarily snaffling a few is usually a positive indicator.
Hoping for sensational trading figures tomorrow (obviously) - could Q3 revenue exceed the previous quarterly record of £259m?
There's certainly a chance it might.
For Tastytrade, Q3 cable exchange rate has been more favourable than in the first half, potentially benefitting the headline TT growth rate.
It'd also be delightful to get an update on capital resource plans, like a new dividend policy and how they plan to invest the Nadex/Small Exchange bonanza, but knowing IGG, they may be silent on that until the year-end report.
Lastly, fingers crossed we haven't been caught out with any unhedged losses in the extreme volatile conditions following Putin's vile actions. I think it unlikely, but with Russian asset values, nickel, oil and many other markets behaving like wild mistresses, the risk (and potential reward) for all market participants increases, including for IGG.
Whatever's released, good luck all and let's hope Mr Market loves, not hates, it...
SBC
CFO buying. Always a good indicator.
If a spread betting company fails to make killer profits during this time, then its facing serious issues... surely the soon to be released trading update from IG will smash it!!
It will be interesting to see how the recent turbulent times effect IGG trading results next quarter.
Hi Chequemate, been pretty brutal here hasn't it but not surprised. My PF is good, bad and downright ugly right now!
Good: Energy stocks and defence, SHEL, TGA, Northrop Grumman
Everything else awful and too many too mention.
I feel for the people of Ukraine in this awful war while we have sat and watched it unfold. At least shares can recover in time.
Expect 3rd quarter results sometime 2nd or 3rd week of this month. Just maybe that will give the share price a boost; if only temporarily as things are at present.
General market is pretty dire right now regardless. I hope others investments are holding up. There is likely to be more downside in the near term, a time not to be over exposed anywhere.
Good luck all. Don't go chasing rainbows, there is unlikely to be a pot of gold at the end.
CM
Well I still feel a balance of shares gold and cash is best. Then you can be prepared for most things.
Didn't IG start out originally as a place to trade gold electronically?
Anyway its not particularly dangerous to park some of your money here in my opinion, if people are going to short the market where will they go?
Volatility has produced good profits in the past here and i doubt that has changed much because of a possible conflict into Europe.
In normal times, whatever that may be or was, volatility would be good for IGG, but these are far from normal times. Many folk will be looking to sell out of anything and everything including IGG by the looks of the trade sells and buys today.
With a holding of only 200 shares I am not heavily invested here or anywhere else. Only invest what we are prepared to lose it is said, and there are going to be plenty of loses in the short term. It is helpful to have a dividend. I think short term pretty much everything is going to get hit before the market in certain companies settles down to any degree.
Where is the bottom for this share?, well, in reality it could be 0p, nothing as for any share; not that for one moment am I suggesting that of course. I certainly won't be doing anything more than holding for the time being.
Regards, stay safe and well
CM
Igg is going to be an excellent share to hold.
War, inflation and volatility.
X10 ! Russian invasion of Ukraine. Where is the bottom for this share? Will volatility of markets hold it up. Dark times for all of us.
According to LSE Week Ahead - PLUS are meant to be announcing final results for their year tomorrow. If so, then it will very likely have an effect on IGG, one way or another.
Glad to see this made somewhat of a recovery during the afternoon.
Difficult to keep ones head when the rest of the world seems to be about to lose theirs around us. Uncomfortable times
gla
CM
IG makes money with volatility. Whether that’s up or down. It’s stagnant markets we fear. This is anything but.
Tend to agree Tom. Rather wishful thinking. It may reach £10 at some time, but I wouldn't like to give a time or date for it. I think the sector that IGG is in, may stand up better than other sectors with the present economic climate and what awaits in the near future. If the dividend is included then I am in a small profit overall. I only have the one investment and would rather sit on the side lines awaiting better times.
Many folk quote Warren Buffet and say be greedy when others are fearful and don't quote be fearful when others are greedy plus:
There are only 2 rules to investing:
Rule 1: Don't lose money
Rule 2: Don't forget Rule 1.
The market has very little to cheer about right now. In time that will change, but quite how long that will take is to be seen. The market can stay irrational far longer than we can stay solvent.
GLA
CM
"Buy now for £10-£12 a share in a month’s time."
As much as I would like to believe that, I don't think there is a cat in hells chance!
I don’t think it is the perfect time to buy tbh… not for any of what we are debating ect..
Just think with rate hikes on the way and here U.K. the market is gonna be quite ugly going forward… i think we go lower because of it, we still benefit from it but meh.
The price is going to remain heavily subdued while the 15.5 million shares are let back onto the market. Next month, they will hopefully be cleared, just in time for a quarterly update on a hugely volatile quarter. Buy now for £10-£12 a share in a month’s time.
igg Total G/L
(1) F 22,085 Book value of shares bought ***
(2) H 13,823 Book value of shares sold ***
(3) =(F-H) 8,262 invested ***
(5) M 499 USES DIV2 TAB Divis & ex-divs ***
(6) L 9,189 Market value ***
(7) =L-(F-H)+M5 £1,425 Market + divis - invested = P/L realised and unrealised ***
(8) O 17.25% Change, % ***
(9) C 02/02/2021 Earliest date dealt ***
(10) Q 17.35% CAGR ***
I dont understnd what the argument is about. The figures just published are encouraging and this is why the share price has improved. I have made almost 20% in the last year on IGG and wish I could do as well on all the companies. The risk is of a stable market + everyone back at work and putting away into an ETF.The price should be heading to mid 8.50s and the divi is reliable so worth holding this stock long term. They laugh when they hear "buy the dips". BTFD. Seems good idea with IGG.igg Total G/L F 22,085 Book value of shares bought H 13,823 Book value of shares sold =(F-H) 8,262 invested M 499 dVISL 9,189 Market value today =L-(F-H)+M5 £1,425 Market + divis - invested = P/LO 17.25% Change, % C 02/02/2021 Earliest date dealt Q 17.35% CAGR
Different opinions are fine. Poor thinking or proven lies needs to be called out - otherwise these boards are useless at best, and misleading at worst.
The share price over time of IGG reminds me of the game snakes and ladders. Each time we get so far up the board we seem to land on a snakes head and back down we go. At one time it seemed to be when the share price was around or above £9, now it seems nearer to £8.50. I agree with the poster earlier who was just hanging on to get a little bit more out of the share to be caught out and see the share price fall back.
However, I really don't think there is too much to worry about. The market took kindly to yesterdays market update. Had there been a lot to worry about the share price wouldn't have risen as it did. It wouldn't have surprised me had the share price finished yesterday where it did today, because very often a share price will fall back on good reports. I more than half expected the share price to fall yesterday, so the fact it is back to nearer £8 is not such a great worry and those of us who have been invested here for even not such a long time have seen this sort of price movement on a number of occasions.
There has been mention of the premium not being increased. No, that's true. It has remained stable. Bear in mind though that the purchase of TT was made with a huge increase in the number of shares issued, which means now that what has been paid in dividends has increased greatly. The share price at the time of the purchase of TT was above £9 and was inevitably going to fall back upon the purchase of TT, otherwise the market cap of IGG would have been unreasonable and unsustainable. With a yield at whatever it is, 5%, that is at least something positive, and far better than many a share.
Market sentiment. IGG by its' nature will do better when the general market sentiment is not good; it is sector sentiment which in this case, imo, is what will drive the share price, one way or the other.
This is usually a very quiet board. I am amazed how busy it has become today, but understand why there has been more activity. However, can we not keep comment cordial and respectful to those who may have a difference of opinion?; it's not hard. Folk who point a finger at others and call them names generally don't realise that when we point a finger there are 3 pointing back at themselves and does nothing to raise the tone of their argument, only the contrary.
Each to their own as to what to do here, buy, hold or sell, each according to their circumstances. Good luck to one and all.
CM
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%...