@deargdoom.bsky.socialIG Group #IGG
Share Price 943p (-1.8%)
Pre-scheduled meeting Oct 8th
Underdog is performing very well, with Q4 set to be its strongest qtr, coming close or just shy of target
Market assumes IG hugely overpaid, but long term Underdog could become the bigger half
A Core Holding getting bigger!
@deargdoom.bsky.socialIG Group #IGG
Share price 980p (-1%)
Doubled my position since RNS!
Yes, Q4 is guesswork.
Q3 OTC retention fell to ~70% (~80% avg), and that's the swing factor.
Underdog is growing well! Maybe, just short of the founders' payout targets, but that's fine for IG holders.
Watch 8 and 22 Oct.
@deargdoom.bsky.socialIG Group #IGG
Share Price £9.86 (-22.6%)
70% OTC retention shock!
But Underdog is quietly doing something rather different:
Q3 revenue ~$105m, >100% YoY.
And Q4 is seasonally the big quarter — >⅓ of 2025 revenue came then.
The 8 Oct presentation really matters!
I've kept adding.
DYOR
@stonethecrows6.bsky.socialAnyone have an opinion on whether #CMCX will actually be adversely affected by the read across from today’s results from #IGG.L? I’ve just bought more on the 10% drop.
@sharesifysocial.bsky.socialIG Group crashes to year-low on cut to revenue guidance:
Weaker FY revenue growth and new margin guidance mean analysts will have to take a red pen to their FY26 and medium-term forecasts.
@deargdoom.bsky.socialIG Group #IGG
Share Price 1007p (-21%)
I'd looking for answers, not reassurance.
As management says OTC retention will improve over the medium to long term, but...
Tell me:
— Why did it fall to 70%?
— When does it normalise and where?
— What does that mean for earnings beyond 2026?
And ......
@deargdoom.bsky.socialIG Group #IGG
Will host a virtual seminar on Underdog for institutional investors and analysts on 8 Oct 2026.
Further detail coming on Q3 2026 trading on 22 Oct 2026, ahead of its strategy update that day.
Not a broken business.
But, a broken near-term earnings expectation!
A Rough Day, Today!
@deargdoom.bsky.socialIG Group #IGG
Share Price 933p (-27%)
Possibly foolishly, I’m averaging down with enthusiasm.
Revenue growth guidance was cut to mid-single digits.
But, customer numbers remain strong, Underdog is flying and the balance sheet is solid.
I’m betting 70% retention isn’t the new normal.
@deargdoom.bsky.socialIG Group #IGG
Share Price: 1,269p (pre-open)
Q3 looks ugly:
Revenue ~£240m, -14%, as OTC revenue retention fell to ~70%.
But customer income rose 8%, first trades +25% and active customers +17%. Underdog revenue >$105m, +100%+.
I'll treat Q3 as a blip.
Buying any dip ~1200p.
A Core Holding.
@sharesifysocial.bsky.social