Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

IG Group

For discussion of the practicalities of setting up and operating income-portfolios which follow the HYP Group Guidelines. READ Guidelines before posting
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
starter
Posts: 47
Joined: April 10th, 2020, 5:47 pm
Has thanked: 13 times
Been thanked: 4 times

IG Group

#348581

Postby starter » October 18th, 2020, 9:17 am

I see that Pyad has recommended looking into IG Group. Any thoughts?

I've never really liked at gambling stocks, but no one else seems to pay any sort of dividend apart from Rank Group or Paddy Power - and this seems to be double those two - is there any reason for this?

(I did look for a thread on this, but couldn't find any)

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: IG Group

#348585

Postby idpickering » October 18th, 2020, 9:38 am

starter wrote:I see that Pyad has recommended looking into IG Group. Any thoughts?

I've never really liked at gambling stocks, but no one else seems to pay any sort of dividend apart from Rank Group or Paddy Power - and this seems to be double those two - is there any reason for this?

(I did look for a thread on this, but couldn't find any)


I’m glad I listened to Stephen when he suggested these to me last July. The stock has since risen 50% and offers a 5.5% yield. What’s not to like?

Ian.

seagles
Lemon Slice
Posts: 490
Joined: August 19th, 2017, 8:37 am
Has thanked: 153 times
Been thanked: 235 times

Re: IG Group

#348588

Postby seagles » October 18th, 2020, 10:07 am

Have held for many years. One of few shares still green in my portfolio. Although their yield has been on hold for a while at least it is still paying one? Glad I purchased when I did, would I buy now? Probably not with the static yield. Not advice just my thoughts.

Gengulphus
Lemon Quarter
Posts: 4255
Joined: November 4th, 2016, 1:17 am
Been thanked: 2628 times

Re: IG Group

#348608

Postby Gengulphus » October 18th, 2020, 11:44 am

starter wrote:I've never really liked at gambling stocks, but no one else seems to pay any sort of dividend apart from Rank Group or Paddy Power - and this seems to be double those two - is there any reason for this?

I'm not certain whether I would classify IG Group as a gambling stock - though I would have similar doubts about classifying it as a financial services company, which is what it's classified as by the official ICB sector classification (see https://www.londonstockexchange.com/sto ... /our-story). Either way, I would want to add some sort of a rider to describe its somewhat intermediate - e.g. "a gambling company specialising in financial spreadbets and similar products" or "a financial services company specialising in CFDs and similar limited-life products that some might regard as gambling rather than investments". If I had it in my HYP (which I don't), I would almost certainly regard it as one of the small number of companies that I treat as half in one sector, half in another.

For what it's worth, a very quick look at Rank Group and Paddy Power suggests to me that they specialise in casinos/bingo (including online equivalents) and sports betting respectively, so even if one regards the three companies as all being entirely within the gambling sector, there's a decent amount of within-sector diversification between them. Note that I'm not trying to imply that they're all sensible HYP shares - I'd need a longer look to check their yields and how sustainable their dividends seem to be to decide about that - just that if they were, I wouldn't be especially worried about holding all three in a larger HYP (say 30+ shares, or maybe 25+ at a pinch).

starter wrote:(I did look for a thread on this, but couldn't find any)

Not certain whether you mean a thread about IG Group in general, or more specifically about how to regard its sector... But there is a problem with trying to find stuff about IG Group using TLF's search facility, because it refuses to search for "IG" on the grounds that it's got less than 3 letters, for "Group" on the grounds that it's too common a word, and one cannot get it to search for "IG Group" as a phrase because it doesn't have the ability to search for phrases, just for the words that make them up (ignoring any attempt to group them together with quotes or other punctuation.

A solution to this is to get Google to do a search limited to this site - a Google search for:

"IG Group" site:lemonfool.co.uk

produces a decent (though long!) list of results about IG Group on TLF. A look at some of them says that many (though not all) are on the HYP Practical board. If you want to restrict them to HYP Practical results, making the search also require a bit of 'boilerplate" text specific to this board will probably do a perfect or near-perfect job - e.g. one might change the Google search to be for:

"IG Group" "Tight HYP discussions only" site:lemonfool.co.uk

The list of results is still long (159 results when I did it), I'm afraid, but that's about a third fewer than from the previous search. Getting it down further can probably only be done by manually scanning through the results - quite a few will only mention IG Group in passing, e.g. by it happening to be in a HYP whose constituents a poster is listing, without any real commentary on the company, but detecting the difference between mentioning a company in passing and seriously discussing it goes beyond what a search query can do!

Gengulphus

dealtn
Lemon Half
Posts: 6072
Joined: November 21st, 2016, 4:26 pm
Has thanked: 441 times
Been thanked: 2324 times

Re: IG Group

#348617

Postby dealtn » October 18th, 2020, 12:04 pm

starter wrote:
(I did look for a thread on this, but couldn't find any)


First place I would look is in Company Share news, with the top topic being a list of shares. The format of that Board is to have a single thread for each share (as opposed to how other Boards work), with an alphabetical index too.

viewtopic.php?f=94&t=16288

viewtopic.php?f=94&t=16860

pyad
Lemon Slice
Posts: 450
Joined: November 4th, 2016, 10:17 am
Been thanked: 1117 times

Re: IG Group

#348879

Postby pyad » October 19th, 2020, 10:35 am

Gengulphus wrote:
starter wrote:I've never really liked at gambling stocks, but no one else seems to pay any sort of dividend apart from Rank Group or Paddy Power - and this seems to be double those two - is there any reason for this?

I'm not certain whether I would classify IG Group as a gambling stock - though I would have similar doubts about classifying it as a financial services company, which is what it's classified as by the official ICB sector classification (see https://www.londonstockexchange.com/sto ... /our-story). Either way, I would want to add some sort of a rider to describe its somewhat intermediate - e.g. "a gambling company specialising in financial spreadbets and similar products" or "a financial services company specialising in CFDs and similar limited-life products that some might regard as gambling rather than investments". If I had it in my HYP (which I don't), I would almost certainly regard it as one of the small number of companies that I treat as half in one sector, half in another.

For what it's worth, a very quick look at Rank Group and Paddy Power suggests to me that they specialise in casinos/bingo (including online equivalents) and sports betting respectively, so even if one regards the three companies as all being entirely within the gambling sector, there's a decent amount of within-sector diversification between them. Note that I'm not trying to imply that they're all sensible HYP shares - I'd need a longer look to check their yields and how sustainable their dividends seem to be to decide about that - just that if they were, I wouldn't be especially worried about holding all three in a larger HYP (say 30+ shares, or maybe 25+ at a pinch).

starter wrote:(I did look for a thread on this, but couldn't find any)

Not certain whether you mean a thread about IG Group in general, or more specifically about how to regard its sector... But there is a problem with trying to find stuff about IG Group using TLF's search facility, because it refuses to search for "IG" on the grounds that it's got less than 3 letters, for "Group" on the grounds that it's too common a word, and one cannot get it to search for "IG Group" as a phrase because it doesn't have the ability to search for phrases, just for the words that make them up (ignoring any attempt to group them together with quotes or other punctuation.

A solution to this is to get Google to do a search limited to this site - a Google search for:

"IG Group" site:lemonfool.co.uk

produces a decent (though long!) list of results about IG Group on TLF. A look at some of them says that many (though not all) are on the HYP Practical board. If you want to restrict them to HYP Practical results, making the search also require a bit of 'boilerplate" text specific to this board will probably do a perfect or near-perfect job - e.g. one might change the Google search to be for:

"IG Group" "Tight HYP discussions only" site:lemonfool.co.uk

The list of results is still long (159 results when I did it), I'm afraid, but that's about a third fewer than from the previous search. Getting it down further can probably only be done by manually scanning through the results - quite a few will only mention IG Group in passing, e.g. by it happening to be in a HYP whose constituents a poster is listing, without any real commentary on the company, but detecting the difference between mentioning a company in passing and seriously discussing it goes beyond what a search query can do!

Gengulphus


Well I class IGG as a gambling stock. My personal description of it is a financial markets bookmaker. They themselves say, amongst other stuff,:

Our original offering – still core to our business – is leveraged trading: contracts for difference (CFDs) and spread betting (in the UK and Ireland), which generates the majority of our revenue...

CFDs and leveraged trading are definitely gambling in my view, especially after you've met a few types who use them :roll:. A little more sophisticated perhaps than horses or roulette but gambling nonetheless I'd say.

Those official taxonomies to which you refer are in my view pretty useless for HYP purposes. Some seem to use them but they can be downright misleading. It's hard to understand why someone with sufficient nous to construct an HYP in the first place can't themselves decide into which sector a company falls. Most are obvious but otherwise, as here with IGG, just look up the company's own website if you are unsure. It's what you, the HYPer, thinks that matters, not some suit whose aims in classifications are most certainly not coming from the HYP direction.

Arborbridge
The full Lemon
Posts: 10369
Joined: November 4th, 2016, 9:33 am
Has thanked: 3601 times
Been thanked: 5227 times

Re: IG Group

#349075

Postby Arborbridge » October 20th, 2020, 7:04 am

pyad wrote:
Well I class IGG as a gambling stock. My personal description of it is a financial markets bookmaker. They themselves say, amongst other stuff,:

Our original offering – still core to our business – is leveraged trading: contracts for difference (CFDs) and spread betting (in the UK and Ireland), which generates the majority of our revenue...

CFDs and leveraged trading are definitely gambling in my view, especially after you've met a few types who use them :roll:. A little more sophisticated perhaps than horses or roulette but gambling nonetheless I'd say.



I've always regarded IGG as my rep from the gambling sector - I cannot see it as "investment" - it's purely gambling with a little sophisicated gloss to separate it from traditional betting shops. It makes money from people taking quite short term bets on their hunch about particular runners - sorry, shares.

Arb.
Last edited by tjh290633 on October 20th, 2020, 11:11 pm, edited 1 time in total.
Reason: Quote attribution corrected -TJH

starter
Posts: 47
Joined: April 10th, 2020, 5:47 pm
Has thanked: 13 times
Been thanked: 4 times

Re: IG Group

#349305

Postby starter » October 20th, 2020, 7:54 pm

Thank you very much for all the comments. Are there other gambling groups that either pay out well or have a progressive dividend policy/history?

Rank Group used to have a decent pay out (around 8.5% on current share price) but they cut quite brutally so the yield is now about 3.1%

There seems to be no share board for them, is this because they are an unpopular stock?

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: IG Group

#349397

Postby idpickering » October 21st, 2020, 5:55 am

starter wrote:Thank you very much for all the comments. Are there other gambling groups that either pay out well or have a progressive dividend policy/history?

Rank Group used to have a decent pay out (around 8.5% on current share price) but they cut quite brutally so the yield is now about 3.1%

There seems to be no share board for them, is this because they are an unpopular stock?


You're welcome. We're all here to learn something imho. This has been a good thread, so thanks for 'starting' (no pun intended, lol) it.

As for Rank Group, they're a share I held in the early days of my HYPing, but no more. With regards to there being no share board for them, I've just started a new one for you here; viewtopic.php?p=349395#p349395

Ian.

starter
Posts: 47
Joined: April 10th, 2020, 5:47 pm
Has thanked: 13 times
Been thanked: 4 times

Re: IG Group

#352710

Postby starter » November 2nd, 2020, 3:21 pm

I've bought £10,000 of IG Group. I was going to buy £20,000 but I thought I would look at other gambling stocks (Rank and Paddy Power) in a bit more detail to see if I should diversify within the sector or buy another £10,000 tranche.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: IG Group

#352714

Postby idpickering » November 2nd, 2020, 3:36 pm

starter wrote:I've bought £10,000 of IG Group. I was going to buy £20,000 but I thought I would look at other gambling stocks (Rank and Paddy Power) in a bit more detail to see if I should diversify within the sector or buy another £10,000 tranche.


Thanks for coming back on this starter. This board's been so quiet of late, I was waiting for the tumbleweed to roll over my PC screen. :D I'm happy to just hold IG Group in that sector, and am not looking elsewhere in the sector. I'd never say never though. IGG weigh in at 4.7% in capital value terms, of my 25 share HYP.

Good luck with your purchase.

Ian.

tjh290633
Lemon Half
Posts: 8208
Joined: November 4th, 2016, 11:20 am
Has thanked: 913 times
Been thanked: 4097 times

Re: IG Group

#352721

Postby tjh290633 » November 2nd, 2020, 3:50 pm

Interesting. I've put IGG on my watchlist as a potential replacement for William Hill.

TJH

MDW1954
Lemon Quarter
Posts: 2358
Joined: November 4th, 2016, 8:46 pm
Has thanked: 526 times
Been thanked: 1011 times

Re: IG Group

#352799

Postby MDW1954 » November 2nd, 2020, 7:59 pm

A long, long, long time ago, I interviewed the founder of IG -- by then, a very, very, very wealthy man.

A key point was that most people couldn't understand the spread betting product, although that didn't deter them from buying it!

With a PhD in Economics, I understood it all too well. Charming man, and a lovely interviewee, but a helluva product. With 'normal' gambling, your worst case is to lose your stake. Not so with IG's products.

MDW1954

pyad
Lemon Slice
Posts: 450
Joined: November 4th, 2016, 10:17 am
Been thanked: 1117 times

Re: IG Group

#352897

Postby pyad » November 3rd, 2020, 10:09 am

MDW1954 wrote:A long, long, long time ago, I interviewed the founder of IG -- by then, a very, very, very wealthy man.

A key point was that most people couldn't understand the spread betting product, although that didn't deter them from buying it!

With a PhD in Economics, I understood it all too well. Charming man, and a lovely interviewee, but a helluva product. With 'normal' gambling, your worst case is to lose your stake. Not so with IG's products.

MDW1954


In that case you may be interested in Stuart Wheeler's book, if you don't already know it:

https://www.amazon.co.uk/Winning-Agains ... 376&sr=8-1

MDW1954
Lemon Quarter
Posts: 2358
Joined: November 4th, 2016, 8:46 pm
Has thanked: 526 times
Been thanked: 1011 times

Re: IG Group

#352914

Postby MDW1954 » November 3rd, 2020, 10:40 am

pyad wrote:
MDW1954 wrote:A long, long, long time ago, I interviewed the founder of IG -- by then, a very, very, very wealthy man.

A key point was that most people couldn't understand the spread betting product, although that didn't deter them from buying it!

With a PhD in Economics, I understood it all too well. Charming man, and a lovely interviewee, but a helluva product. With 'normal' gambling, your worst case is to lose your stake. Not so with IG's products.

MDW1954


In that case you may be interested in Stuart Wheeler's book, if you don't already know it:

https://www.amazon.co.uk/Winning-Agains ... 376&sr=8-1


Thanks, Pyad.

I didn't know about it, actually.

MDW1954

bruncher
Lemon Quarter
Posts: 1163
Joined: November 4th, 2016, 12:20 pm
Has thanked: 310 times
Been thanked: 297 times

Re: IG Group

#439269

Postby bruncher » September 2nd, 2021, 4:11 pm

I bought IG earlier this year and have topped up a little today as the SP has dropped quite a bit - 11% as I write.

funduffer
Lemon Quarter
Posts: 1328
Joined: November 4th, 2016, 12:11 pm
Has thanked: 122 times
Been thanked: 831 times

Re: IG Group

#439527

Postby funduffer » September 3rd, 2021, 7:04 pm

So what was the news that triggered this fall?

seagles
Lemon Slice
Posts: 490
Joined: August 19th, 2017, 8:37 am
Has thanked: 153 times
Been thanked: 235 times

Re: IG Group

#439528

Postby seagles » September 3rd, 2021, 7:09 pm

Might be something to do with this

absolutezero
Lemon Quarter
Posts: 1505
Joined: November 17th, 2016, 8:17 pm
Has thanked: 542 times
Been thanked: 653 times

Re: IG Group

#439540

Postby absolutezero » September 3rd, 2021, 7:55 pm

seagles wrote:Might be something to do with this

Thanks for that.
I was wondering what had happened to trigger such a large one day fall. My first thought was XD day.
Then I realised it might be a sympathy movement.


Return to “HYP Practical (See Group Guidelines)”

Who is online

Users browsing this forum: BigTim and 18 guests