Member Info for Kabaa

Couldn't have said it better myself. A blinding deal by Bell and just shows what he is capable of in a short space of time i.e. multibagging large amounts of cash. That alone puts him way ahead of every deramper on here put together.

Well at least Paul Johnson looks like he made a bucket out of this. Bought low, ramped all the way up, announced near the high he was buying more (100's of thousands of shares) then sold 20 odd million at the same price. I imagine he made quite a lot of free shares and cash from that. Will anyone do anything about it though? Probably not...

I was just looking to see if the directors hold any shares and see nothing bought since 2010? er....why?

I doubt he does anything other than write silly research notes dressed up as if they are something professional. Anyone thinking these are cheap should have a quick read of my last few posts on this. There is some awful information put on these boards.

LOL. Forget about what they used to make and all of these worthless broker reports. The bottom line is the bottom line is going to shrink significantly. Their entire business model has been turned upside down. If their revenue falls by 40% which imo is more than likely, their profit will go down by about 80% which leaves it trading on a p/e of sky high. Until the FCA finally caught up with these firms, they were making consistent, easy profit and growing perfectly. This has changed overnight and now the risk of holding these is through the roof. You can see all of these angry bottom pickers that are touting this company as 'cheap' are in one day and out the next IF they get a tiny bit of profit. As a poster said below, many people don't cash in their losses and run them massively. If you get caught, you could buy this and end up having it valued at a fraction of what it is today just in a few months. Forget about historical dividend yield and profit. IG has just had a loaded gun put to it's nuts and told to stop exactly what it was doing that was making easy money out of punters.

I couldnt have said it better myself. Clearly the people buying this know nothing about the company and are looking for a quick bounce touting silly numbers to the upside. This is a serious blow as you say because many clients will take so long to lose money if at all because not many currencies or indices move 2-4% that often. Not only that, they will be trading a fraction of the size so IG will take a massive cut in profit from the spreads. I can understand IG being one of the worst hit over this and there is simply not much they can do about it. It looks like the FCA have been investigating this and building a case for 6 years to come to this decision so it likely won't be repealed either. IG will go from making 200m a year profit imo to making about 25m if they are lucky and can widen their spreads or make money in another way although i think this will just deter clients even more. I think this is a great move from the fca. Companies like this really are just leaching off people losing lots of money. Using 100's and 1000's times leverage is providing nothing to society at all other than gambling, this is not investing. Good on the fca and may it continue.

L2 showing quite the opposite i'm afraid. Hardly any bids in between 475-500. A few sellers will tank this very fast. £4.50 soon...

Diggedy is right about this. 15:43. I don't see why Mattthebrave keeps saying he's wrong. (please read the fca not before commenting again) IG will be making buckets of money every day stopping people out of tiny margins. Now it will take a long time for a customer to lose their money and they will be trading much smaller. The impact on IG will probabyl cause their profits to turn into a loss in the short term and they will not be making a million quid a day any more! They will be a much smaller company in 2018. This will get hit the biggest out of them all imo as it's overheads are so large. All l the people buying in are clearly traders not seeing this as investment and do not understand it at all.

Yeah good luck with your punt. You're obviously frightened with your new position in a company that you know nothing about. I am not short although it is tempting, i think this could take a year or 2 to properly collapse the sp as there will be many more people like you that come along not understanding anything other than trying to buy something low...which will slow down the selloff and cause a few little 10% bounces along the way down. Obviously the more intelligent ones will be going short not long in such a scenario imo.

They are letting you do far more than 1:1000 on indices. Some companies offer even 1:4000. Even forex dropping from 400 to 50 is an 87.5% drop. If a company has revenue of 400m with a profit of 200m and half the profit gets wiped out, guess what happens to the company? Hence why the big money is running for the door on this. The risk of holding these has just gone from low to super high hence the big money is running for the door. wouldnt be suprised if this ends the week way below £4. I don't want to see anyone lose money here but i will say 'be careful'.

They are cutting margin for everyone. 1:50 for experienced and 1:25 for inexperienced. This is a tiny fraction of what they are giving now. They will let you trade more than 1:1000 margin on many products. So expect profits to be a fraction of what they are now. They were trading on a massive p/e before today too so have a long way to drop. I'd bet more on them going under a quid in 2018 as said before as their profits will likely drop horrendously in 2017. Expect profit warnings, broker downgrades, massive cost cuts and staff layoffs etc. Clients may even start drawing their money out in droves. The city isnt dropping them 40% in a day for fun. This really is bad news. Expect more big red days this week as the news sinks in and holders lose their nerve (especially the ones that are buying on the way down who we all know are looking for a few percent bounce)

They make some money out of spreads and some out of their clients losing. They do not always hedge their positions at all. Lets just say you were right and they only make money out of spreads. - Clients will only be able to trade a MUCH smaller size on average, therefore IG will get a much smaller profit. Their clients because of this will lose much less money and at a much slower rate. (= Much less profit for IG) Expect masses of staff to be laid off and 2017 profits to be drastically reduced. Fair enough to the bottom pickers trying to catch a bounce but they're better off shorting it if they don't want dirty fingers. (imho) Not only that, the fca is now making them disclose how many people lose in these systems which is obviously almost everyone. - Cut down the promoting of it etc which will effect their future growth of clients. It hasn't dropped 40% in one day out of a little panic, this is a ftse 100 stock. This is genuinely the start of some very bad news and earnings reports to come from IG. As many others are saying....about time too.

Collapsing. Their main business model is giving clients way too much leverage to hang themself with. Cut that then where do they make their money? On spreads? A million quid a day? Don't think so. Also the legislation says that they have to disclose the percentage of losers/winners on the platform. I can't imagine there are many long term winners if IG have been making so much money over the years. Good to see them finally get regulated, this is many years over due.

Why do you say their clients must be thrilled MFL? - Can you see the price that lenigas cuba trades at?

Sorry for being a miserable g.it chats but can't stand it when people fill up the board, posting little buys and each 2% move. Good to see there have been tonnes of these little buys today though. I wonder if that broker note has any info on how they got to the 2.8p target. A lot of us wont be happy till we see double that but good to see it going in the right direction. This is still 0.13p old money though... Have a good weekend all....

FGS Chats, anyone can see the trades that go through or what price it is, stop filling the board with rubbish

Anybody seen INSP? It has more than doubled over a few weeks. I believe GIS own a fair chunk of this. Perhaps this is why OCT has been going up a bit.

Seems to have lost everyone's money....

Looks ok???? It's made more profit in the first QUARTER than the WHOLE of last year!

Bampster is a good poster. Not one of many idiots who think their posts affect the price and are scared of pointing out the negatives of the company. Why not research the actual company instead of researching all of the posters. You actually had a good couple of posts on here the other day when you did that! I am impressed with the June quarter update and record June month, it's suprising not many people here are talking about that. Last June was a record too with 8000 transactions, this june we have 12000. + A huge increase in clients signed up. If growth like that continues in the next year or 2, this will be a 5/10 bagger and maybe even takeover target.