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IG Group

July 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:
  • 352p
Financial spread betting firm IG has announced an encouraging update, covering the year ending 31 May, which noted that revenue is expected to increase over 50% to £184m, with an EBITDA margin of 53%. The rate of account openings has continued to accelerate, with the UK spread betting side seeing over 2,000 new accounts opened in each of the last five months, double the previous year's run-rate. Elsewhere, the group's Asia-Pacific business,  which comprises the Australia and Singapore offices, is expected to report revenue growth in excess of 115% and will represent 15% of group revenue compared with 10% last time. All four European operations, targeting clients in Germany, Italy, France and Spain, are also seeing strong rev ...

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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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