Updates

IG Group - Large eps enhancing acquisition underpins forecasts

November 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.

Financial spread betting firm IG has unveiled a strong trading update with group revenue increasing 29% to Â£53m in the first quarter. Operating costs were in line with expectations while client recruitment levels have remained strong with the number of spread betting and CFD accounts opened being 45% higher. Meanwhile the group's newer businesses in France, Spain the USA and Germany have continued to experience rapid revenue growth and non-UK revenues now represent 30% of the group. IG also noted that the ban on short selling banking stocks imposed by the FSA will have a negligible impact given that clients are â€œlongâ€ in 90% of individual shares. Merrill Lynch has estimated IG's sales shortfall at just Â£1.3m in the quarter. S ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hargreaves Services - Brewins increase price target to 920p

Peter Hambro Mining

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

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

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 (March 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X