Member Info for MattTheBrave

Halved my holding at 272. Goes back down bellow 220, I'll buy some back. Above £3, I'll sell the rest, absent a more positive statement on the business.

Figs are ok, but nothing special When will these 'great market conditions' actually boost eps (which on an adjusted basis was flat' ? Not great with a PE of 30x. I've been a longish term holder here, and bought a lot of stock in the 95 to 135 range. I think I'm going to let some go into the strength here.

reinstating the dividend would be a huge shot in the arm on this stock. Until the management are confident enough in their own business to do this, I think many investors will stay on the sidelines. I do think further write-downs is a concern, though I suspect the share price impact will be much more muted than last year. All that said, if you can buy stock below £4, I think you'll do very well on a 3 year view.

Yep - I bought more at 786p this morning - single digit PE, 5.5% yield, cash flow monster. V nice.

Actual EPS dilution in year 1 will be 8%-10%. Remember TT is profitable, so its higher number of shares but also higher earnings. But, the stock is now down 13%, so it's actually on a lower PE than it was pre announcement. This combines with higher growth, because whatever you think about the price paid, I am very confident that TT will grow faster than the rest of IG, so IG is now a faster growing company overall. Conclusion, if you liked it at £9, you should be filling your boots now. I will be doing just that on Monday morning!

As I stated this morning, they have issued 20% more shares for 10% more profit, so yes, it is a bit dilutive, but strong growth in TT earnings could quickly offset this. Cash flow monsters like this either pay out higher divvys, or they use the cash for strategic acquisitions to enhance LT returns in an industry they know well. The latter is higher risk (as the price today tells you) but long term gains can also be tremendous. Frankly I'm a bit annoyed as no acquisition (and the higher dividend which would have certainly followed) would have put this stock well on course for £10 before spring, and £13 this year. That said, I certainly wouldn't be selling here!

Not sure I agree. IG can switch to a zero fee share trading model anytime they like. TT is a completely different approach to investing, focusing more on traders and derivatives, and providing research and a sense community with other traders.

Figures were good - my EPS for the year of 90p looks eminently achievable. Acquisition makes sense from a strategic perspective although there will be some dilution in the early years - effectively they've paid 20% of their market cap for something generating earnings of about 10% of what IG currently generate. However, this value proposition could change change very quickly if tasty trade keeps up it's current 50% growth rates, and with IG helping them to go global, that doesn't seem ridiculous. The dividend hold is a bit disappointing, although understandable in the context of the acquisition. Overall, I suspect today's announcement will put a brake on the price (market never gives IG the benefit of the doubt) but still looks really good for the medium to long term. If we head back to the high £7's, I'll buy more.

CMC has 4 bagged on the better outlook in 2020 - IG hasn't even doubled. Much more good news was in CMC than IG IMV, and hence I feel more confident that figures will receive a better share price reaction. The dividend will be important. We'll see - GLA!!

Don't accept then, and hope more than half the shareholders agree with you. As it's recommended by management though, the chance of this is between very slim and none. Take your profit and move on would be my tip.

EA bidding 604p cash per share. If you accept you will get the cash and no longer have the shares. At some prescribed level, the deal will go 'unconditional' which means all holders have to accept - not sure what level EA have set this at as I sold all my shares back in December.

....there goes your bidding war. Looks like 604 is the price then.

Really? Wasn't aware that the Dutch market was a huge portion of revenues (it isn't). Don't think this moves the dial in any way at all.

Happy New Year to all cavers!

I'm doubling down on my terrible Lloyds Bank pick of last year by picking them again for 2021.

Anyone remember what Einstein's definition of insanity was again.......? :-)

I've generally bought on the dips here - nice to see this moving back towards the £3 level. Given the business they're in, I've always thought the only people who could stop NCC are NCC themselves (which they have tried a few times....)! Frankly, I've always been surprised that a bigger player didn't come and buy them when they had a issues a few years back, but there you go!

I think you mean £800m Skeletor, but yes I agree with your sentiments. I think sales will be closer to £850m, plus I think, margins will be higher as this is a very scalable business. It doesn't take to many heroic assumptions to get to an eps of 90p this year and I see no reason why a cash flow monster like this business shouldn't be on a PE of 15x. So, my price target here is £13.50. V Strong Buy!

... for a 150% gain in less than 12 months. Well done to everyone who made good money here - always nice when an AIM stock comes in! Onto the next one.....:-)

It's not. There's literally hundreds on these on the live RNS page (click on button above). Once a company is under offer, all investors with more than 1% of a Company have to report all trades.

Nope, just a Hedge fund increasing its stake. Why have you, posted this?

You have to hand it to them - very impressive, particularly free cash flow! Biden's infrastructure plan probably helpful in the coming years as well. I'm glad I kept 3/4 of my holding although it really does look a bit pricey at these levels!