We there is nothing wrong with taking a profit, although it does depend on the next financial report if this goes higher or not.And like you say the outcome of the regulation.
A good outcome and this could go much higher,and a bad outcome could see it lower.
Hope you are right M, it's been on my Watchlist since 258.5p on the 11th June 2009 and I've never taken the plunge, until last week @ 745.25p - nice to see a quick 8% uplift but intend to hold these for a good while.
I got some bought back at 734p.
Didn't dip to 720p.
I don't think IG will be off to races yet though.
It will be held by UK and EU regulatory cloud.
When that is cleared market will focus on what earnings will be under new regulations.
We do have though US licence pending which in the long term could be huge game changer. Add to that the fact that some small players will be cheap to acquire under the new regulations, some of them will fold. The big will survive.
So I'm not expecting IG to jump higher anytime soon but long-term this is a big buy. So I'm thinking of dosing off trading this now and just take the dividends when they come.
Wow really impressed with these results, although they are not happy about regulation it does seem it's not going to effect the business to much and they said the business will grow even with the new measures in place.
Excellent results. Increased dividend, profits up another 10%,
company swimming in cash. Does it take about £16 per share to get to ftse 100? I'm getting ahead of myself now but that could be possible within 2-3 years.
It looks like todays rise was in response to IGG having a big stake of the bitcoin market. When plus500 reported couple of weeks ago, they highlighted improved revenue due to bitcoin trading. Presumably igg holds much larger stake of this market, and therefore, expectation is now that this should boost igg results on Jan 23rd and in the future. This new market has the potential to completely outweigh the changes in regulation in the EU and UK. Not to forget that IGG is now also looking to become a player in the US. That could re-rate igg to much higher PE and sp.
Tell me if I got this wrong but here is a thought about the European regulations.
It was expected that the EU regulations would be more lenient than the UK ones proposed. However, the opposite happened. Therefore, the sp sank on the news.
Then mr market realised that originally it was expected that some UK punters will flee to EU based companies as their rules would be easier / lighter. When the opposite happened, I.e. UK regulations will be lighter, presumably, then that means more EU based punters will flock to UK and specifically Ig index. This means increased custom for Ig index. So it was good news after all? Did I get this logic wrong or not?
It seems to be holding up ok,they don't look that bad but seems like the rules aren't final yet.
Still happy holder.
Frustrating that the traders knew something was to be announced and we didn't get told.
Seems that IG is being traded a bit at the moment.
Should settle down in a day or two.
Yes I agree,the companies I have made the most money on have been boring companies with very few commentators on the B.B.,
Although I dont see this as a very boring company,but yes as you say when the regulatory system has been settled this could do very well,I also see this as a bit of a hedge against a big market drop or increased volatility,as IG make more money then so I presume this would hold up well and still be able to pay that nice dividend!
Yes. Another good update from a cash rich company.
Yet PIs man gkp boards and such.
You got to be prepared to think for yourself as the crowd only runs after the little companies in a search of 100 bagger.
Most of the time that ends up in tears.
I noticed here though the gains today seem to have evaporated after sellers jump in at 680-690p. There is resistance right there.
The regulatory cloud is holding this. Patience is required.
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