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We've made headlines just not a good one they are going with the 109m trading loss saying the big price plus has paid for being on wrong side in 4th quarter rally. unfortunately no mention of the 500m profit for year on the TV story? Think they're going with the David beats Goliath approach. That's ok as long as if it reverses we don't get plus has taken advantage of poor uneducated / unlucky investors and we are greedy lucky shareholders. Gla oh no oil is rising now!!!!
Great measured comments that are helpful ,good to read others thoughts on the update. I think rbanker has misread the update today as both the 125m trading losses 2020 and 109m is the q4 and not the previous years.I agree over longer period hopefully the gains/losses become neutral but just a shock from negative average 3 quarters 4 m and q4 109m ouch! As I understand it but that's the model I've bought into I did notice igg didn't mention profit last quarter just revenue which was similar to plus maybe they found it tough to make a good profit last quarter also? Increase cost etc
oi agree I did choose to ignore the outlook a mistake but 109m loss out of yearly 125m total is hard to understand with all the safety they say they have in place and the way the market moved in q4. Might be on bitcoin etc as noticed they took crypto off listing on most popular maybe trying to discourage certain customers and it moved very quickly but obviously its a guess.
I think it's a bit mirky the company seemed to have predicted the future in their Q3 update which at the time seemed very over pessimistic so wonder if they were aware then and were stacking it up as the 109 m trading losses seem high if just on crypto. Still a profit is a profit and if you make more than Morrisons in a year it can't be bad as they say it should even out over a longer period that's why bookmakers are richer than 99% of the gamblers.It would also be nice to know what the large short term investment is and cost.I take it the 500m ish profit before tax doesn't include the large rebate? Gla
84 paid
Had to wait 25 mins no digital stock available
Good find thanks could do without the useless political rant I'm here to make money !
Does look promising and could move the needle here if they're successful which would be great for everyone good find thanks.
So did mine yesterday at 78 ish
Albus I know you're more than likely right just feeling sorry for myself today as have a bad back so can't work at moment and now my hobby starts kicking me when I'm down boo hoo hoo. I also think that trading companies will start to buy each other up as they seem to be in the states lately to become a bigger fish in a growing global business.
No idea for the drop could be lower vix and trading volume of late.I was hoping for a rise with the growing excitement in crypto and new IPO shares but what do I know almost all my shares are down today. Good luck all
Went to local branch yesterday to get water for steam iron forty bikes waiting collection I think kids bikes will be a popular choice this Christmas and the retail report said leisure goods still selling well as a category good luck all holders
I think it's 150 million over the two years so I would expect 75 million to be recognised in the full years results 2020 and then in a couple of chunks in the 2021 making the other 75 million but time will tell.
Received yes but recognised only in full year 2020 results is how I read it .
What about the now increased rebate yet to be recognised of 75 million just with that alone they'd be up to full year guidance I think that the article in the times is the same as the one I read online by the guardian regarding Halfords in July you have to be very careful what you take as facts.A gradual reduction is not 50% in my opinion but I like anyone else could be wrong ( and have been many a time )that's what makes a market.
I agree with you OliG the same thing happened with Halfords they gave cautious commentary and the papers misunderstood it and then they released updated figures that were nowhere near what people were expecting.30% rise followed in one day.
i think you misunderstood my post the $20 billion valuation is that of the company interactive brokers that are in the same business as igg and they are listed in the states so i changed igg valuation into dollars.
my local autocentre was packed today and noticed number of turbo trainers viewed on web has increased a great deal since weather getting colder they are £500 a pop I'm holding for now.
just an observation interactive brokers today quarter rev of $540 m mkt cap$ 20.8 billion igg last quarter rev $270 m mk cap$ 3.65 billion? have I missed something ? is this a case of US billion being different to british billion as thought we used the same number of zeros now.When you look at shares outstanding in both companies it does seem as though mkt cap of both should be closer or are mkt caps on google finance wrong.Either way one of them seems undervalued.
last two lifestyle flooring carpets ordered no problem trade still busy at moment, 10% price increases on my underlay from different company.was using one of headlams underlays but quality dropped in my humble opinion which was a shame.