Member Info for firepisces

For me, I'm still for it really. What's the yield, 5-6%? It could better, sure, but hopefully div per share will increase in 6months time. Purely guess.

thanks all for your responses. So we agree, morally the company does not hold any high ground, but as a business it is probably a good move. Actually, I think this is more bullish than previously.
Even the end of day price swing, from 757 to 790, finishing with a strong bullish candlestick. IMO.

Hi Cheapshares long time hope you well.
On this occasion, I think I disagree with you for once (in that IG is on way down). The thing is, it's extremely costly to set up brokerages globally, especially in US. There are plenty of other brokers who can't stand shoulder to shoulder against IG. They are the ones that will fail, surely?
I'm sure June Felix, coming from banking background herself, knows the ins and outs. She knows people. She's aware of "the game", you know? I hope that doesn't sound too conspiratorial.
Don't get me wrong I'm not a fan of her, this move is extreme (I've already reduced my holding here several weeks ago), but if it means less cost to the business, and the cost benefit ratio is there, then? I mean, she wouldn't have decided this if there wasn't any analysis in place? Retail/professional traders might not like this move, but IG are a money making machine - fact.
Go easy on your reply, jmo!

In coming weeks particularly small cap highly speculative markets. Not sure of details. Rumours on social media.

Are you saying just because Robinhood sell data then IG must too? I'm not sure what the correlation is here. Any company can choose to sell data to third parties.
IG may certainly SHARE data to third companies, but their privacy policy doesn't state whether it is SOLD to them.
Robinhood's business model for zero fees probably requires them to sell data. But IG has greater exposure to various markets does it not? With other products available including share trading, portfolios, SIPPs etc and can gain commission on those. Forgive me if I've missed the point - I certainly may have.
In terms of returns on investment, this stock has valued poorly than expected. This should be £10+ already, and as such for me, I've greatly reduced my exposure in past few months and only buy extremely large dips.

Thanks for the explanation Prognostic.

:(

You totally did make your voice heard on the placing, I'm not denying that. All I am saying is based on last week's update, there is nothing left here, that's how I've interpreted it. We can agree to disagree on that point. So let's just leave it at that.

Kencarv, yes, totally agree with you. In terms of following up, I don't think you'll get anywhere. Everything will just be "immaterial". If you do manage to get a response, please let us know.

****, the legend of John Kennedy lives on or what...

that is exactly my point: there is no dead cat bounce here. apologies if it offends you. you should take more offence to the CEO of the company for losing your money - I certainly do.

I don't know why some "lth" here still have conviction after this RNS.
It's clear history repeats with this company. Expecting anything other than rinse and repeat is definition of insanity.
And I quote lth, because honestly some of you look like you are paid to message on here.

I've noticed this too. Happens on every Friday close, for a lot of stocks. It definitely doesn't close at said price. It's obvs a glitch but I'm not sure what causes it or if there is a meaning behind it.

Ramping, mind you

Is this so you can get your cramping antics in order?

no volume today. yesterday's trades were indeed day traders and not investment institutions.

Not a peep from Ed Stacey this time!! He's probably taken a leave too.

5 years wow that's a long time. Such a shame. GL with your future investments. Avoid dog AIM stock

because the FCA aren't going to waste their time on a pathetic 2mln mcap company. They'll just say they have bigger fish to fry. The bod are of course aware of this. Which is also why they are allowed to get away with comments like "During 2020, the Company developed a new product for the financial services industry which it expects to launch on the Bloomberg Enterprise Access point in the next few months." -- Believe me , they probably just had a 30min zoom meeting.

if this isn't a collapse I don't know what is. I swear if this was to delist we'd still find you here ramping away

imo it will be the same data insights product the company already holds, just a few features changed to make it sound like a "new" product. There will be nothing novel to it.

I do not believe there is a new product, as in 2019/2020, the company states Verify will be the sole business activity going forward

Yes in since PROX too. With all the positives they've announced in the past 24 months, the rns today is absolutely shocking and the market clearly reflected on that 20+mln sold within hour open and -30% drop.
I cannot decipher anything positive from it. If you can share on what you think the legs are then maybe you can re-convince me but I really think you cannot, but I really would like to believe you and I commend your enthusiasm.
To start with however, the cuts to costs/losses are imo due the business shutting down.