Updates

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.

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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NCC - Acquisition well received

Gulfsands

IG Group - Big rise in account openings (September 2009)

IG Group - Volatility triggers higher bad debts (January 2009)

IG Group - Large eps enhancing acquisition underpins forecasts (November 2008)

IG Group - Bounce provides profit-taking opportunity (September 2008)

IG Group (July 2008)

IG Group - Market volatility driving growth (April 2008)

IG Group (March 2008)

IG Group - Sales up 53% in H1 (February 2008)

IG Group - Bolt-on acquisition in US (January 2008)

IG Index (October 2007)

IG Group - Market volatility boosts trading (September 2007)

IG Group - Turnover jumps 35% (July 2007)

IG Group - Positive trading update (January 2007)

IG Group - Shares hit new high (November 2006)

IG Group - Spread betting firm accelerates overseas expansion (October 2006)

IG Group - Spread betting firm generating a 54% operating margin (September 2006)

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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