Member Info for Tom78

Not a good day for a trading update with Credit Suisse roiling the markets. Seasoned IGG investors are used to these setbacks as we get these huge slumps in share price quite regularly. They say the definition of insanity is doing the same thing over and over again and expecting a different result. I suppose by that judgement I am insane to not sell these shares.

Nasty rumours about credit suisse are doing this to the market. I wouldn’t buy a thing untill we get some stability.

Whole market fallen off a cliff again. £13 was the sell point here and should have taken it.

HL is not the cheapest for funds and their own funds are awful, but for a share only ISA including investment trusts which are treated as shares the fees are capped at £3.75 per month. Not the best for regular in and out traders as the commission can work out costly but for infrequent buy and hold types it's not really a problem.
I once had a budget low commission broker forced into insolvency two weeks after I had luckily transferred out of them and unlucky ones had their portfolios frozen for a very long time which could cause very serious hardship.

In March 2020 these were around pound and still paid the final divi when all the talk was of pulling dividends to preserve capital.

Hasn't helped the share price recently. You would think with the vix going vertical there would be some buying here also IGG similarly whacked. I suppose all financials are feeling it right now I know I am!
With the much reduced dividend last time, I wonder if that will drag the share price because the yield now is not very good compared to what it used to be. I would like to see those treasury shares cancelled and not given to directors.

Ex dividend today $0.62. Getting creamed like all US financials. Nothing roils the market like a bank going belly up.

Richards bay South African coal. The Australian mine would be Newcastle coal although that has not come into the figures yet.

I suppose the trouble is it might be seen as a 'one and done' large dividend for the past year. Today does not change much as the earnings have been widely predicted based on the coal price for the past year. From January this year things do not look so rosy and this is why the shares are where they are. With future coal at $100-$120 the dividend will be much lower.

Those who took part in the placing are now down over 7%

You think the company should pay out money it has not earned? Earnings last year were less than the previous 'bumper' year! Better than taking on debt to pay an inflated dividend with interest rates where they are.

Thanks, I didn't study the RNS closely enough. 10 months for $70M so $7M per month. Roughly 22 working days per month so $318.18k per day. $318.18k/1.2 = £265.15k 265.15k/£18 = 14,730 shares.

Shares ex div today 12.7p if anyone missed it

Pace of the buybacks has slowed considerably now with the new program. Only about 15,000 per day rather than 32,000 before. They certainly like stringing it out.

Spoke too soon it’s slumping down now!

Initial reaction on the US market looks positive so maybe some of us were being overly pessimistic.

Terrible Q4 hedging losses. Market always focuses on the negatives so I expect the shares will be hammered tomorrow.

Results today after close at 9pm

Don’t understand mapp, probably someone who is just winding up holders of this share for the fun of it. Most recent buyers of this share need little further irritation.

Don't blame you. I have held and added for over a decade here but trimmed a few at 165p for better opportunities. Higher interest rates and bond yields have hit the infrastructure funds which are seen as a reliable income stream in a low interest rate environment. Now this has not got much going for I'm afraid. Never quite recovered from the Truss mini budget debacle.