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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Group

March 2007

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:
  • 275p
The main story behind the interim results of spread betting firm IG was that although sales beat expectations, the expected positive gearing effect in earnings never materialised because management invested the gains in extra IT and marketing to support future growth. Therefore the inevitable sour grapes from short-term investors knocked the shares down from their high of 302p to 275p. For the six months ended 30 November, turnover and pretax profit rose 44% to nearly £56m and £29.6m respectively. Diluted earnings rose 43% to 6.2p. The largest business, financial spread betting, increased revenue by 40% to £30.6m, with 5,077 new accounts opening compared to 3,972 a year ago. In an effort to improve on the fact t ...

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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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