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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Group - Bolt-on acquisition in US

January 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IGG
  • Price:
  • 393p
Spread-betting firm IG has announced the bolt-on acquisition ofHedgestreet for US$6m. Hedgestreet operates Hedgestreet Exchange, aUS-based Designated Contract Market and registered derivatives clearer,which effectively gives IG the necessary regulatory approvals andtechnology to launch into the huge US market. Management plan to extendthe range of contracts offered and relaunch in May 2008 in conjunctionwith an existing US-regulated subsidiary. Forecasts remain unchanged with eps of 19.2p expected in the current year ended 31 May. Keep holding. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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