IG Index
IG Group Holdings plc (the "Group") issues the following trading update in respect of its first half ending 30 November 2011.
Following on from a strong first quarter, the Group has continued to experience high levels of client activity during the second quarter of its financial year. As a result, the Group currently expects that it will achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding period for the prior year. This would represent growth of at least 23%. Costs have been in line with management's expectations.
The Group will issue a more detailed trading statement on Tuesday 13 December 2011 for the period ending 30 November 2011.
Following on from a strong first quarter, the Group has continued to experience high levels of client activity during the second quarter of its financial year. As a result, the Group currently expects that it will achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding period for the prior year. This would represent growth of at least 23%. Costs have been in line with management's expectations.
The Group will issue a more detailed trading statement on Tuesday 13 December 2011 for the period ending 30 November 2011.
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
They are launching a new bit to their trading software called Insight in a couple of weeks.
They have been showing it briefly in a few of the past few weekly seminars, thought I would try just copying the web address David Jones had in his browser when showing it and it seems to allow you access.
If you fancy a look log into your account then go to:
https://marketanalysis.igindex.co.uk/marketanalysis/
Should then load up, find it odd so many people are long the banks:
They have been showing it briefly in a few of the past few weekly seminars, thought I would try just copying the web address David Jones had in his browser when showing it and it seems to allow you access.
If you fancy a look log into your account then go to:
https://marketanalysis.igindex.co.uk/marketanalysis/
Should then load up, find it odd so many people are long the banks:
You do not have the required permissions to view the files attached to this post.
-
superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
just had a look around.
i like that you can see what % clients have positions on each market - maybe a good contrary indicator?!
i like that you can see what % clients have positions on each market - maybe a good contrary indicator?!
Good set of results this morning.
http://www.investegate.co.uk/article.as ... 6579V&fe=1
· Net trading revenue1 up 28% at £195.5 million
· Profit before tax1, 3 up 28% to £103.2 million
· Diluted EPS1, 3 up 31% at 20.68p
· Interim dividend of 5.75p per share (up 9.5%)
· Well capitalised debt-free balance sheet
· Continued strong growth in active client numbers and revenue per client
http://www.investegate.co.uk/article.as ... 6579V&fe=1
· Net trading revenue1 up 28% at £195.5 million
· Profit before tax1, 3 up 28% to £103.2 million
· Diluted EPS1, 3 up 31% at 20.68p
· Interim dividend of 5.75p per share (up 9.5%)
· Well capitalised debt-free balance sheet
· Continued strong growth in active client numbers and revenue per client
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
IG CEO Speaking to CNBC this morning:Euler wrote:Good set of results this morning.
http://www.investegate.co.uk/article.as ... 6579V&fe=1
· Net trading revenue1 up 28% at £195.5 million
· Profit before tax1, 3 up 28% to £103.2 million
· Diluted EPS1, 3 up 31% at 20.68p
· Interim dividend of 5.75p per share (up 9.5%)
· Well capitalised debt-free balance sheet
· Continued strong growth in active client numbers and revenue per client
http://video.cnbc.com/gallery/?video=30 ... giOiIifQ==
-
enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
I have recieved this E-mail this morning from
IG Market:
We inform you that starting from February 1, 2012, will be 'simplified fee structure applied to your trading account with CFDs.
From that date, in fact, securities denominated in Euros (except those listed on the Vienna Stock Exchange and Athens), will be 'applied a fixed fee (flat fee) for each order of E10 runs up to a value of E100. 000.
On individual orders placed with a value greater than E100.000 will apply 'the fixed fee of E10 more' a commission of 0.05% only on the excess of equivalent E100.000. The commission referred to the amount in excess E100.000 will 'not be charged until the next day.
The same system will reflect commissions' operations even in telephone trading.
Please note also that as of February 1, 2012, the profile of fixed commission will replace 'your current fee structure, including the "day traders", who will not do' more 'part of our offer.
We remind also, that the Europeans will continue trading on the securities' of the system to benefit the Best Execution under which for each order placed in the trading book, the system "look" the best price on Bags This is the main, on both circuits alternative trading facility (MTF Chi-X, BATS, Tourquoise). All this can be done to ensure the best and maximum liquidity '.
In the following, we highlight the advantages of the new system of fixed commission with a useful example:
Suppose you want to buy 1,500 General for the price of E12, 25.
Before today with the fixed commission
Fixed fee is 0.1% Commission = E10, 00
E12, 25 x 1,500 x 0.1% = E18, 37, and Savings' E8, 37 order
The new fee schedule was proposed after several requests from customers who traded on the equity from exposure of 10000 euros.
Excatly the opposite of Betfair.
P.S.For those unfamiliar with Ig Market see below.
( IG Markets is the first company in Italy to offer trading in CFDs (contracts for difference) and is part of IG Group Holdings plc, listed on the FTSE 250 group based in London. IG Markets offers CFD online trading service on a range of financial markets including equities, indices, forex, commodities and binary options, addressing an audience of brokers, fund managers, financial institutions and even private investors.
The Italian branch of IG Markets, founded in September of 2006, provides trading services with contracts for difference (CFD) to Italian customers since 2008 and is headquartered in Milan, Via Cesare Correnti 12.)
IG Market:
We inform you that starting from February 1, 2012, will be 'simplified fee structure applied to your trading account with CFDs.
From that date, in fact, securities denominated in Euros (except those listed on the Vienna Stock Exchange and Athens), will be 'applied a fixed fee (flat fee) for each order of E10 runs up to a value of E100. 000.
On individual orders placed with a value greater than E100.000 will apply 'the fixed fee of E10 more' a commission of 0.05% only on the excess of equivalent E100.000. The commission referred to the amount in excess E100.000 will 'not be charged until the next day.
The same system will reflect commissions' operations even in telephone trading.
Please note also that as of February 1, 2012, the profile of fixed commission will replace 'your current fee structure, including the "day traders", who will not do' more 'part of our offer.
We remind also, that the Europeans will continue trading on the securities' of the system to benefit the Best Execution under which for each order placed in the trading book, the system "look" the best price on Bags This is the main, on both circuits alternative trading facility (MTF Chi-X, BATS, Tourquoise). All this can be done to ensure the best and maximum liquidity '.
In the following, we highlight the advantages of the new system of fixed commission with a useful example:
Suppose you want to buy 1,500 General for the price of E12, 25.
Before today with the fixed commission
Fixed fee is 0.1% Commission = E10, 00
E12, 25 x 1,500 x 0.1% = E18, 37, and Savings' E8, 37 order
The new fee schedule was proposed after several requests from customers who traded on the equity from exposure of 10000 euros.
Excatly the opposite of Betfair.
P.S.For those unfamiliar with Ig Market see below.
( IG Markets is the first company in Italy to offer trading in CFDs (contracts for difference) and is part of IG Group Holdings plc, listed on the FTSE 250 group based in London. IG Markets offers CFD online trading service on a range of financial markets including equities, indices, forex, commodities and binary options, addressing an audience of brokers, fund managers, financial institutions and even private investors.
The Italian branch of IG Markets, founded in September of 2006, provides trading services with contracts for difference (CFD) to Italian customers since 2008 and is headquartered in Milan, Via Cesare Correnti 12.)
IG Group today issues the following Trading Update for the period from 1 June 2012 to 30 November 2012. Unless otherwise stated, trends and figures highlighted below refer to the six months ended 30 November 2012 and the corresponding period last year.
· Short term trading continues to be subdued
· Consolidating leadership position in key markets with further market share gains(1)
· Ongoing technology differentiation through mobile applications and Insight research tool
· Second half revenue likely to be in line with first half if recent activity levels persist
· Disciplined approach towards managing costs and investment
Revenue in the period was £169m, 14% lower than the prior year. Revenue in the second quarter, at £87.5m, was 7% higher than the first quarter, although still 9% behind the prior year. This performance reflects the particularly tough comparators which the group faced, as previously stated, due to the extreme levels of volatility in financial markets in 2011, and the continuing subdued markets which are impacting client activity. During the period the business did respond well to short spells of heightened market activity and continued to grow market share in its biggest markets(1).
Trading in the period
In the UK and Australia revenue per client was broadly flat, with the fall in revenue driven by fewer clients trading in the period. In Europe the number of active clients increased, but this was more than offset by the decline in average revenue per client. Across the rest of the world IG continued to see strong growth in active clients in all countries except Japan, but revenue per client also fell in these markets in line with other less mature regions.
As previously stated, levels of account opening are affected by market conditions in the same way as client activity. In subdued markets the total level of account openings was 26% behind the same period in the prior year. There was some pick-up in this measure in the second quarter, with sequential quarter growth of 7%. The development of the IG platform and customer proposition continues to be directed towards attracting and retaining higher value clients.
Business Update
In September the group carried out a significant relaunch of the IG brand, bringing the external image up to date with the company's market positioning and delivering continuity and consistency across websites and dealing platforms. The initial roll-out of the mobile applications has now been delivered in all regions and the business continues to see an increase in the proportion of both client trades and account openings coming through mobile. IG also continued its development of the Insight research tool with a roll-out onto mobile applications.
Recent market research studies(1) in the UK, Australia and Singapore have been very encouraging, with IG continuing to increase its market share in all three countries. In the UK, market share in spread betting increased from 41% in 2011 to 44% in 2012 and in CFDs from 24% to 32%; in Australia market share increased from 34% to 37%. Recent results in Singapore show IG increased its share of the CFD market from 12% to 15% and is now the joint largest provider in the forex market, with a 13% share, up 4 percentage points on the prior year.
Outlook
Historically, revenue has been weighted towards the second half of the year. However, if the levels of client activity seen in the first half persists, revenue in the second half is likely to be similar to that delivered in the first. This does not, though, factor in any increase in market activity and if markets do start to provide more attractive opportunities for clients to trade IG remains very well placed to take advantage of this.
Against this backdrop of continuing subdued activity levels, the more uncertain short term outlook and lower levels of competitor activity, IG has taken, and will continue to take, a disciplined approach to managing the cost base, whilst continuing to invest in developing the business to reinforce its market-leading positions. To date the company has made some headcount reductions, reduced some planned marketing spend and deferred some recruitment. These savings are over and above those costs which would naturally flex with revenue.
· Short term trading continues to be subdued
· Consolidating leadership position in key markets with further market share gains(1)
· Ongoing technology differentiation through mobile applications and Insight research tool
· Second half revenue likely to be in line with first half if recent activity levels persist
· Disciplined approach towards managing costs and investment
Revenue in the period was £169m, 14% lower than the prior year. Revenue in the second quarter, at £87.5m, was 7% higher than the first quarter, although still 9% behind the prior year. This performance reflects the particularly tough comparators which the group faced, as previously stated, due to the extreme levels of volatility in financial markets in 2011, and the continuing subdued markets which are impacting client activity. During the period the business did respond well to short spells of heightened market activity and continued to grow market share in its biggest markets(1).
Trading in the period
In the UK and Australia revenue per client was broadly flat, with the fall in revenue driven by fewer clients trading in the period. In Europe the number of active clients increased, but this was more than offset by the decline in average revenue per client. Across the rest of the world IG continued to see strong growth in active clients in all countries except Japan, but revenue per client also fell in these markets in line with other less mature regions.
As previously stated, levels of account opening are affected by market conditions in the same way as client activity. In subdued markets the total level of account openings was 26% behind the same period in the prior year. There was some pick-up in this measure in the second quarter, with sequential quarter growth of 7%. The development of the IG platform and customer proposition continues to be directed towards attracting and retaining higher value clients.
Business Update
In September the group carried out a significant relaunch of the IG brand, bringing the external image up to date with the company's market positioning and delivering continuity and consistency across websites and dealing platforms. The initial roll-out of the mobile applications has now been delivered in all regions and the business continues to see an increase in the proportion of both client trades and account openings coming through mobile. IG also continued its development of the Insight research tool with a roll-out onto mobile applications.
Recent market research studies(1) in the UK, Australia and Singapore have been very encouraging, with IG continuing to increase its market share in all three countries. In the UK, market share in spread betting increased from 41% in 2011 to 44% in 2012 and in CFDs from 24% to 32%; in Australia market share increased from 34% to 37%. Recent results in Singapore show IG increased its share of the CFD market from 12% to 15% and is now the joint largest provider in the forex market, with a 13% share, up 4 percentage points on the prior year.
Outlook
Historically, revenue has been weighted towards the second half of the year. However, if the levels of client activity seen in the first half persists, revenue in the second half is likely to be similar to that delivered in the first. This does not, though, factor in any increase in market activity and if markets do start to provide more attractive opportunities for clients to trade IG remains very well placed to take advantage of this.
Against this backdrop of continuing subdued activity levels, the more uncertain short term outlook and lower levels of competitor activity, IG has taken, and will continue to take, a disciplined approach to managing the cost base, whilst continuing to invest in developing the business to reinforce its market-leading positions. To date the company has made some headcount reductions, reduced some planned marketing spend and deferred some recruitment. These savings are over and above those costs which would naturally flex with revenue.
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
IG Group to add stockbroking to spread betting:
First result on the below google search (avoids FT paywall)
[IG] https://www.google.co.uk/search?q= ... 61&bih=970
First result on the below google search (avoids FT paywall)
[IG] https://www.google.co.uk/search?q= ... 61&bih=970