Updates

IG Group - Big rise in account openings

September 2009

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 group IG has shrugged off the bad debt issues that plagued it early in the year by announcing strong final results for the year to 31 May with turnover ahead 40% to Â£257m and pretax profit rising 30% to almost Â£126m. Eps rose 22% to 24.7p. This performance was driven by a 44% increase in the number of accounts opened and a 57% rise in the number of clients dealing although a change in the business mix meant average revenue per client fell 19% to Â£2495. There was good growth in its largest market in the UK where revenues increased 10% to Â£147m, while Europe nearly doubled to Â£39.5m and Asia Pacific rose 140% to Â£65.5m, helped by a first-time eight-month contribution from FXOnline Japan of Â£28m. Meanw ...

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Marstons

William Hill

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 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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