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IG Group chief invests £1m in spread-better

The spread betting specialist's chief executive has increased his holding in the group
February 2, 2017

Shares in IG Group (IGG) have tumbled almost a third since the Financial Conduct Authority (FCA) announced its review into restrictions placed on spread betting providers. That's allowed group chief executive Peter Hetherington to increase his holding in the company at a fraction of the price at which they traded last summer. Mr Hetherington bought £1.1m of shares in the group on the same day it announced interim results for the six months to November 2016.

IC TIP: Hold at 531p

Market volatility around the time of the US election provided a boost in net trading revenue during the first-half. Active client numbers grew by almost a third at the core UK business, while sales were up across all divisions. The group - which also allows clients to take positions via contracts for difference - is shifting increasingly towards longer-term investors, rather than short-term traders.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AVEVA  Jennifer Allerton20 Jan 173,000192057,6006,0000.009
AVEVA  Christopher Humphrey20 Jan 171,500193328,9953,0000.005
Acal* Malcolm Diamond 20 Jan 174,5452209,99914,5450.021
Acal* Nick Jefferies (ceo)20 Jan 174,5452209,99978,3410.111
Acal* Richard Brooman20 Jan 172,2722204,99810,2720.015
Acal* Richard Moon (ch)20 Jan 179,09022019,99876,6900.109
Acal* Simon Gibbins (fd)20 Jan 174,5452209,99933,2750.047
Acal* Henrietta Marsh20 Jan 172,2722204,99812,2720.017
Acal* Tracey Graham20 Jan 176,81822015,0006,8180.010
Arbuthnot Banking  James Cobb (fd)23 Jan 171,000148514,8506,0000.040
Armadale Capital* William Frewen (ch)23 Jan 171,000,0002.525,0002,000,0000.839
Braemar Shipping Services Jurgen Breuer24 Jan 1720,00024949,80031,0000.103
Braemar Shipping Services♥ Jurgen Breuer25 Jan 1720,00024148,20051,0000.169
Braemar Shipping Services James Kidwell (ceo)24 Jan 1715,85324939,474140,0700.464
Castleton Technology Dean Dickinson (ceo)19 Jan 17185,0005398,050185,0000.235
Castleton Technology♥ Ian Smith19 Jan 17700,00053371,00018,794,33623.876
Castleton Technology♥ Ian Smith25 Jan 17160,0005384,80018,954,33624.080
Centrica Margherita Della Valle25 Jan 17884224.81,98738,1930.001
Centrica Stephen Pusey25 Jan 171,039224.82,33636,1900.001
Character  Mark Dowding (cfo)20 Jan 177,00050035,00090,8410.430
Character  Mark Dowding (cfo)23 Jan 172,554492.7412,58593,3950.442
Chemring♥  Andrew Lewis (fd)19 Jan 178,720173.7415,1508,7200.003
Fastjet* Nico Bezuidenhout (ceo)24 Jan 17124,52216.320,297124,5220.037
IG  Holdings Peter Hetherington (ceo)24 Jan 17200,000548.61,097,200385,7620.105
Immunodiagnostic Systems Holdings Till Campe20 Jan 171,8002494,4823,5900.012
M Winkworth Dominic Agace (ceo)23 Jan 172,000991,980552,6284.340
M Winkworth John Nicol23 Jan 1730,0009628,80087,5000.687
NEX♥  Charles Gregson (ch)20 Jan 173,000538.896816,167211,3600.056
NEX  Charles Gregson (ch)20 Jan 1747,000538.8968253,281208,3600.055
NEX  Charles Gregson (ch)24 Jan 172,806540.515,166214,1660.056
NEX♥  Charles Gregson (ch)24 Jan 173,815540.520,620217,9810.057
Octopus Apollo VCT* Chris Powles20 Jan 178,28164.95,37414,1490.006
Oxford BioMedica♥ Martin Diggle19 Jan 171,100,0004.246,200548,532,00017.764
Oxford BioMedica♥ Martin Diggle20 Jan 17600,0004.225,200549,132,00017.783
Oxford BioMedica♥ Martin Diggle23 Jan 17600,0004.2225,320549,732,00017.802
Oxford BioMedica♥ Martin Diggle24 Jan 17200,0004.28,400549,932,00017.808
Polar Capital Holdings Hugh Aldous24 Jan 1720,000374.271474,85460,0000.066
Speedy Hire Robert Barclay20 Jan 1719,00052.3559,94719,0000.004
TOC Property Backed Lending Trust* Matt Harris24 Jan 1750,00010050,00050,0000.289
TOC Property Backed Lending Trust* Stephen Black24 Jan 1721,80010021,80021,8000.126
TOC Property Backed Lending Trust* Stephen Coe (ch)24 Jan 1715,00010015,00030,0000.173
Tertiary Minerals Richard Clemmey20 Jan 17183,3681.091,999687,4050.258
Tethyan Resources Peter Mullens (ceo)25 Jan 17300,0004.2512,7508,471,9755.804

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Asos Nicholas Robertson25 Jan 17300,000517515,525,0005,196,4146.228
Billington Holdings John Gordon20 Jan 1710,00022522,500347,2702.685
Cropper (James)♥ Martin Thompson23 Jan 1710,0001330133,00018,0060.190
Cropper (James)♥ Martin Thompson23 Jan 1710,0001330133,00028,0060.296
Empiric Student Property Tim Attlee19 Jan 17186,300108201,204688,7000.137
Murray International Trust Marcia Campbell23 Jan 175,726114265,39117,1740.013
Polar Capital Holdings Tim Woolley20 Jan 17350,0003001,050,0005,150,0005.634
Scapa  James Wallace (ch)20 Jan 17200,000320.13640,260470,0000.309
Scapa  James Wallace (ch)25 Jan 17150,000320480,000320,0000.210
Scapa  James Wallace (ch)25 Jan 17250,000321802,50070,0000.046
SuperGroup Julian Dunkerton20 Jan 17392,15615305,999,98721,696,78826.674

*Placing/tender/open offer ♥Spouse/connected party