Market's view on IG
Published on April 2024
- A stock watcher reported dissatisfaction with the company’s decision to replace a customer-friendly trading platform, suggesting this could deter customers.
- Active clients and first trades have shown improvement in recent quarters, with total client assets reaching a record high of £10.1 billion.
- Tastytrade’s revenue growth is highlighted, with a significant increase in both trading revenue and interest income, especially in the US.
- Positive reviews of the platform’s performance and customer service, with expectations for share price improvements under new leadership.
- The announcement of an exclusive partnership with Unusual Whales by Tastytrade was noted.
- Concerns were raised about the company’s stagnant customer base and staff reductions, suggesting management sees potential troubles ahead.
- Some stock watchers are critical of the company’s strategic decisions, including its approach to staff management and customer service, predicting a potential loss of customers.
- Buybacks and management bonuses discussed, with opinions divided on their impact on shareholder value.
- New appointments in chief operating and risk officer positions at IG Group were mentioned.
- Forecasts for future earnings per share suggest potential share price increase, though some stock watchers remain cautious, awaiting more definitive profitability and management actions.