Primary Recommendation

IG Group - Spread betting firm accelerates overseas expansion

October 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.

Those investors with an eye for adventure and a strong constitution are likely to have come across IG, which is the largest UK provider of financial derivatives such as spread betting. The combination of lucrative tax advantages and the ability to use leverage has seen financial derivatives mushroom into a very substantial industry and with IG being the first to spot this opportunity, it has fully reaped the rewards. In the last four years its turnover has increased from £33.5m to £89m, while pretax profit has nearly quadrupled from £13.3m to £51.1m. And there are no signs of any slowdown in sight with chief executive Tim Howkins, who we met last month, singling out plenty more growth opportunities to exploit, whi ...

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Murgitroyd - Patent attorney firm with habit of beating forecasts

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 (March 2007)

IG Group - Positive trading update (January 2007)

IG Group - Shares hit new high (November 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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