Member Info for stevegrass777

Looking good, very nearly fully let!
And in house facilities management progressing well.

Well Matt I did view IG as a very good investment and it could still be, its just hard to tell how much impact the changes will make now.
I normally do take a contrarian view when investing but the bad news just hasn't stopped here, the ceos timing is impeccable if he wanted to cause maximum impact!
The director sell off on its own wasn't so bad, the review on it own wasn't so bad, then the cmc update suggested that maybe IG's view of 10% was lowball.
Then the ceo jumped ship suddenly and I get a bad feeling that he knows he has given us a lowball figure of 10%.
And the game is up.
Personally I wouldn't invest any more until you know for sure what is going on with earnings. This could go to £5,xx before we get any clear answers.
All the stuff sister says about law suits is naff all to do with anything if you ask me.
But if spread betting isn't that easy or good any more IG are just a discount broker.
So I need more clarity.
And its quite unusual for me to jump ship like this.
I normally hold and hold.
Alibaba can't be put in my isa either so just in cash at the moment with that holding.
Maybe I will be wrong with what I did, but at the moment it's lower than what I sold at.
Poor timing or good timing by the ceo, that is the real question.
And I feel he's smart enough to have timed his exit just right.

Yes I do tend to take large ish positions, and don't diversify with 20 positions like some do. I don't like to keep an eye on to many holdings.
But if I hadn't already taken some profit in May, I would have a small profit.
This week has been a really bad one for IG and the shareholders.
Should have taken action sooner really.
But was put off with the Ceo saying only 10% hit would be taken and back to growth after 2019.
With this dividend I thought I could handle that.
But when the Ceo jumped ship that was the final straw.
The trouble is I do think IG gets traded a lot, if I remember rightly they have it on the trading platform pride of place, which in good times seems to turn this into a rocket, but in bad times a submarine.
IG certainly have given folks the ammunition to short this company.

I fancy Alibaba next.
Hopefully Trump rocks the boat a bit more give me a good price.

Well the usual suspect was wrong also,they said it was all about the court case,but it was all about the update and the trading.
Both were bad,and CMC update suggests 10% is wrong,then CEO jumps.
Luckily still made a profit and took a big chunk of profit in may,still made 5k all in all.
My farthers position I suggested he took some profit in may the same as me and he didn't so he made some profit but not much really.
I should ignore him really and do as I wish next time.

Well this has spooked me and I’ve sold the lot.
Should have sold the lot before the update.
This guy has gone for a reason.
Still booked a profit,and with my other profit taking in may,have booked quiet a bit in total.
But what does the CEO know?
Is spread betting viable now?
its looking like we were fed a line with the "it's going to cost us 10%"
CMC have already said 20%
So what is the cost?
Jumping ship says it way higher than he said.

3.89‰ San Leon lost today so lse says, so your not far behind yourself sister where losses are concerned.

Same here Matt, sold some a long time ago I think I posted here or ii, but kept quite a bit for the dividend.
When that dividend is reinvested it could produce a capital gain as well, not long now for the dividend.
Although it could rebound by then.
San Leon or IG, mmm
I think I will keep it IG, what I've lost today I could loose in one hour of owning San Leon.
Although as I'm holding long term for income it doesn't make a lot of difference unless I need to sell for the money, which I don't.
And as IG is just a part of a diverse portfolio it doesn't make a massive difference if it goes down one day.
Once those shorts run out of steam it will go back to close to where it was, as the trading update was roughly where IG said it would be.
Last one out of the short has to give IG some more profit!
I will keep my bet on the house winning in the end, and re invest my income for the rebound.

Well sister, you asked matt why he wanted to know what shares you hold, but matt never asked that I did.
I've never been inside IG's office, seen it on the television once or twice but that's about it.

Not bad, figures seem to suggest what IG was expecting around 10% down.
I notice US up and share dealing up considerably.
If share dealing keeps growing like that it could become a big part of the business in the future.

I notice milton picked up 5% in yesterday's rns,that’s a decent sized buy.

"Two questions for you matty, why would such an articulate, genius trader/investor as yourself, (whom claims always to be in the winning 21% and never lose), want to know what stocks an old numpty is invested in? I dont know if to be bemused or elated.

My second question is, why are you so concerned regarding what I may or may not know regarding IG Index? Surely a numpty like me could not possibly have anything over such a great ethical company could they?"

I think you are loosing the plot a bit sister 8.
I asked what you invest in that is better than IG, this is the IG board and you seem to bang on about how bad this company is and I look at your posting history expecting a plethora of fantastic investments, to just see San Leon energy.
A mediocre small oil company and nothing else.
It's hard to listen to investment chatter and take it seriously if the person banging the "this is a bad investment" drum has very little breadth of investment based on past posting history.
If you truly do have something on IG, instead of spouting off little snippets of hearsay on the boards wouldn't you be better off bringing it up with IG or your solicitor.
If you have some gripe with IG, there are better ways to deal with it than going on BB's and spouting off.
IG did go down for a few days as you say, so did the markets.
Update here soon I think, that's what matters

Sister 8 how come you haven't shared with us your conspiracy theory about IG index and San Leon energy.
It seems interesting.
What is your investment strategy Sister 8, what companies do you invest in that are better than IG index, I'm not interested in San Leon so what do you have that's better.

Not bad ,pretty solid.
Notice no indication on LSE for RNS today.
There are two.
One for goshawk and a BT contract.

The last time Bitcoin had dramatic moments IG did well also. Bitcoin seems popular with traders

https://uk.finance.yahoo.com/news/amid-cryptocurrency-bloodbath-time-give-retail-investor-161724020.html
Bitcoin's yet another plunge this week strengthens its critics' call that it's the 'mother' of all bubbles as UK survey reveals Brits are circumspect of cryptocurrency investments.

Oops wrong board

The last time that we had dramatic swings in bitcoin, IG did well.

https://uk.finance.yahoo.com/news/amid-cryptocurrency-bloodbath-time-give-retail-investor-161724020.html
Bitcoin's yet another plunge this week strengthens its critics' call that it's the 'mother' of all bubbles as UK survey reveals Brits are circumspect of cryptocurrency investments.

The trouble is sister, we have had the biggest bull market for a long time. And IG is the go to platform for shorting in my opinion. Shorting in a rising market is difficult for anyone to make money.
I am sure plenty of people have lost money on short etfs and lots of other products like this as well.
If the government and the courts allowed people who loose money on the markets to sue and win then the whole system will eventually fail.
It won't just stop at IG.
Anyone who has been wined and dined by any fund manager and then gone on to lose money will be at risk.
So I think your wrong.
And more importantly the market thinks your wrong too.
Yesterday another rise in the share price.
Now if this was a ticking time bomb I am certain the clever folks in the city would have shorted this to £3 by now.
If your hoping to make money shorting IG good luck, but the update shortly might blow your plan right out.
I noticed that fund only reduced a little probably taking some big profits.
But they would have closed there position completely they thought disaster was immanent.
IG are a responsible company and I am sure if any individuals did treat customers poorly they will have been dealt with promptly and properly.

The trouble is, if this case has been paid off, it will have a none disclosure clause, so nothing can or will get leaked or it will be pounced on by the lawyers.
It seems a bit of a none event really.

Massive jump in NAV!