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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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IG Group - Shares hit new high

November 2006

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:
  • 263p
At its AGM, financial spread betting firm IG noted that the first four months of its financial year had seen continued strong performance with revenues and levels of account opening substantially higher than this time last year. Its overseas businesses in Australia and Singapore also did well, while it felt obliged to highlight that it doesn’t take bets from US residents, in the light of the recent anti-gambling law rushed through the US congress. The shares have started well since last month’s tip, hitting a new high of 269p. Continue to hold. ...

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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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