Morning all!
There are a few minor political headlines but I’m sure what you really want to hear about is the company news.
Today we have:
IG Group (LON:IGG)Next (LON:NXT)GAME Digital (LON:GMD)Strix (LON:KETL)Ted Baker (LON:TED)
IG Group (LON:IGG)
Share price: 507.5 (-7%)No. of shares: 369 millionMarket cap: £1,873 millionThird Quarter Revemue Update
(Please note that I have a long position in IGG.)
I’ve increased my position in this share today, up from 4% to 6% of my portfolio.
My original purchases were in early 2017, between 505p – 530p.
I topped up last October around 610p.
Today I am back at it, again around that 505p mark.
The EU’s ESMA organisation is responsible for all the trouble in this industry – prior to the announcement of its regulations, IG shares had reached a high of c. 950p.
Subsequent to that announcement, from late 2016 to mid-2018, confidence gradually recovered and the shares climbed back to the high at 950p.
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