RESULTS PRESENTATION. 6 Months ended 30 November 2012 IG NOVEMBER
|
|
- Corey Mervyn Little
- 8 years ago
- Views:
Transcription
1 RESULTS PRESENTATION 6 Months ended 30 November 2012 IG NOVEMBER
2 DISCLAIMER IG NOVEMBER
3 OVERVIEW Benefits of IG's scale and market leadership are demonstrated in quieter markets FY13 H1 PERFORMANCE STRATEGY FY13 H1 five year volatility low in contrast with the extreme volatility in FY12 H1 Measured approach to cost management - Flat operating costs - Continue to invest for future growth - International expansion Strong cash generation COMPETITIVE POSITION FY12 PERFORMANCE Market share growth in key markets Scaling back of competitor activities Signs of reducing price pressure On-going investment in technology continues to differentiate IG Brand re-launch IG NOVEMBER
4 THANK YOU FINANCIAL REVIEW IG NOVEMBER
5 FY13 H1 SUMMARY FY12 H1 provides very challenging comparatives FY13 H1 RESULTS 5 YEAR REVENUE AND PBT 1 Net trading revenue 169.0m, down 14% PBT m, down 21% Diluted EPS 16.04p, down 22% 59.3m own funds generated from operations Interim dividend per share flat at 5.75p 1. Results exclude the discontinued Sport operation except pre-11 results, which have not been adjusted. IG NOVEMBER
6 INCOME STATEMENT Operating costs held flat in a lower trading environment YEAR ON YEAR COMPARISON Net trading revenue down 14% Active clients down 9% Revenue per client down 5% Net operating income 11% lower Reduced betting duty ( 4.4m) Operating costs held flat 1. Net trading revenue excludes interest on segregated client funds and is presented net of introducing broker commissions 2. Margin based on net trading revenue IG NOVEMBER
7 REVENUE BRIDGE Reduced trading activity driven by lower volatility FY12 H1 FY13 H1 REVENUE BRIDGE FY12 H2 Bridge FY13 H1 Bridge FY13 H1 dull markets impact new and existing clients FY13 H1 revenue from new clients exceeds attrition IG NOVEMBER
8 ACTIVE CLIENTS Client growth most impacted by August and September comparatives REVENUE AND CLIENT TREND FY12 - FY13 YEAR ON YEAR REVENUE AND CLIENTS IG NOVEMBER
9 REVENUE MIX Significant reduction in commodities and equity indices revenue YEAR ON YEAR COMPARISON % of total H1 revenue Revenue mix relatively constant year on year Except commodities revenue (6% FY13 H1 vs 12% FY12 H1) 22m of the 26m reduction in H1 year on year revenue relates to commodities and indices IG NOVEMBER
10 TRADING REVENUE PER CLIENT Down on FY12 H1 but flat with FY12 H2 HALF YEARLY REVENUE BY CLIENT FY09 - FY13 H1 1 Europe UK CFD UKSB Australia Japan As expected FY13 H1 down on FY12 H1 Most regions up on FY12 H2 Europe most susceptible to the reduction in equity indices revenue Represents around twothirds of European revenue 1. Unique clients trading in each half year IG NOVEMBER
11 VOLATILITY OF TRADING DAYS FY13 H1 average daily revenue decreases DAILY TRADING REVENUE VOLATILITY TREND YEAR ON YEAR TRADING REVENUE DISTRIBUTION IG NOVEMBER
12 COST BASE DETAIL Flat operating costs YEAR ON YEAR COMPARISION 1. FY13 H1 Salary cost includes 1.3m redundancy programme costs 2. FY12 H2 Exceptional items relate to a property lease write back benefit IG NOVEMBER
13 OPERATING COST BRIDGE Flat year on year operating costs with a lower exit run-rate FY12 H1 FY13 H1 OPERATING COSTS BRIDGE Flat year on year total operating costs including 4.6m non-recurring costs Redundancy programme ( 1.3m) Echelon legal case ( 2.3m) 1 Brand re-launch ( 1.0m) Total costs before performance related payments and non-recurring costs up 6% 1. FY13 H1Echelon costs incurred 2.3m compared to 0.3m in FY12 H1, a net movement of 2.0m year on year. Therefore total non-recurring costs of 4.6m in FY13 H1 equates to a 4.3m movement year on year. IG NOVEMBER
14 NET OWN CASH AVAILABLE 59.3m own funds generated from operations FY13 H1 NET OWN CASH AVAILABLE BRIDGE FY13 H1 NET OWN CASH AVAILABLE BRIDGE Broker margin requirement increased in period by 47.0m from low May-12 position Recent high of 277.1m (see appendix 4) 180m committed bank facilities 1. FY12 inclusive of discontinued operations for cash flow purposes IG NOVEMBER
15 REGULATORY CAPITAL Importance of a strong regulatory capital position YEAR ON YEAR COMPARISON 14% increase in total capital resources from prior year Flat with year end Regulatory capital surplus of 203% Buffer against market uncertainty IG NOVEMBER
16 REGULATION Global regulatory activity ongoing: no material impact expected European FTT France: Tax implemented for cash equities. No impact on client or hedging transactions Italy: Precise impact of new legislation unclear: Tax on Italian equities and indices but no tax on forex, non-italian equities and equity indices or commodities. Possibly favours derivatives on Italian equities Enhanced Cooperation: Slow progress and drafting stage yet to commence Asia Pacific Singapore: No further information on precise scope of leverage reductions or timeframe. Expected exemptions should substantially mitigate impact Japan: Any changes to binary rules increasingly unlikely to have meaningful impact Australia: Lobbying for greater client money protection, which could be challenging for some operators US Encouraging enforcement action by CFTC against illegal OTC binary providers IG NOVEMBER
17 THANK YOU BUSINESS UPDATE IG NOVEMBER
18 MARKET SHARE Continued market share gains in our largest revenue generating countries YEAR ON YEAR MARKET SHARE 1 UK and Australia continue to grow UK spread betting up 5% Australia up 7% Significant market share growth in UK and Australia Third largest CFD provider in Singapore but with strong market share gains Now joint number 1 FX provider 1. Share of primary accounts, by number, as stated by Investment Trends reports: Investment Trends July 2012 UK Leveraged Trading Report Investment Trends May 2012 Australia CFD Report Investment Trends September 2012 Singapore FX and CFD Report IG NOVEMBER
19 INVESTMENT IN TECHNOLOGY IG has the scale to invest in multiple technologies KEY INITIATIVES MOBILE USE Mobile Single App for spread betting and CFDs Push Alerts seeing benefit of developing native Apps Insight research tool Now rolled out on ipad, iphone and Android On-going addition of extra tools Significant upgrade to advanced charts Many more indicators Ability to program trading strategies 47% of clients use mobile 14% of active clients only use mobile IG NOVEMBER
20 CUSTOMER SERVICE Continued leading Net Promoter Scores in key markets NET PROMOTER SCORE 1 CURRENT RESULTS IG Industry average UK SB 25 6 UK CFD 20 3 Australia 21-7 France 7-8 Germany 4-8 Singapore Net Promoter Score IG Net Promoter Score (NPS) is high across all six markets surveyed by Investment Trends 2 Significantly ahead of the industry in all of these markets Customer satisfaction is driven by technology investment 1. The Net Promoter Score (NPS) is calculated by asking respondents how likely are you to recommend this company to a friend or colleague? Respondents reply on a 0-10 scale, with the final NPS calculated as the percentage of promoters (score of 9-10) less the percentage of detractors (score of 0-6). 2. Sourced from current Investment Trends reports: Investment Trends July 2012 UK Leveraged Trading Report Investment Trends February 2012 France CFD & FX Report Investment Trends May 2012 Australia CFD Report Investment Trends September 2012 Singapore FX and CFD Report Investment Trends April 2012 Germany CFD and FX Report IG NOVEMBER
21 OTHER INITIATIVES Delivering further improvements to drive client activity Brand re-launch A consistent look and experience across all client touch-points Brings image in line with expectations of service and delivery excellence Tracking of payback from online advertising Track revenue generated rather than accounts opened Enables better optimisation of online marketing marketing capability Account opening processes Currently only optimised for applicants based in countries where we have an office New offices Ireland Norway Existing binary option offering Product works well in a low volatility environment Additional market access strategies targeting professional / most active traders IG NOVEMBER
22 SUMMARY Managing through a period of dull markets Challenging comparatives Competitive position is strong Strong cash generation Prudent approach to investment Other initiatives to drive client activity FY13 H2 revenue is likely to be flat on H1 if activity levels similar IG remains well positioned to benefit from more favourable trading conditions - - IG NOVEMBER
23 THANK YOU APPENDICES IG NOVEMBER
24 Appendix 1: Financial net trading revenue per client HALF-YEAR ANALYSIS FY06 - FY13 H Clients trading in a six month period IG NOVEMBER
25 Appendix 2: European client and revenue summary FY13 H1 CLIENT AND REVENUE BY OFFICE Clients Yr on Yr Revenue Yr on Yr 000s Change m Change France 4.2 (1%) 9.1 (19%) Germany 6.3 7% 8.1 (23%) Italy 3.0 6% 5.8 (18%) Iberia % 6.5 (9%) Sweden % % Netherlands % % Total % 32.1 (15%) IG NOVEMBER
26 Appendix 3: Client trading activity CLIENT RETENTION RATES BY YEAR AND HALF YEAR TREND FY07 - FY13 H1 1 FY07 FY08 FY09 FY10 FY11 FY12 FY13 IG clients excluding Japan H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 New accounts 10,648 13,137 19,012 23,681 31,916 29,622 31,655 32,102 30,338 30,293 32,213 28,755 25,545 First trades (in period) 7,063 8,746 13,378 15,833 22,194 22,097 23,064 23,548 22,686 22,117 24,330 20,962 17,961 Implied conversion rate (%) 66% 67% 70% 67% 70% 75% 73% 73% 75% 73% 76% 73% 70% Total active clients (in period) 21,204 25,780 35,921 41,341 57,517 63,954 73,365 81,738 86,024 90, ,489 95,121 94,250 Clients trading from prior period 14,141 17,034 22,543 25,508 35,323 41,857 50,301 58,190 63,338 68,837 77,159 74,159 76,289 Clients trading from prior period (%) 73% 80% 87% 71% 85% 73% 79% 79% 77% 80% 85% 73% 80% Prior annual figures: Total IG Financial clients excl Japan FY07 FY08 FY09 FY10 FY11 FY12 New accounts 23,785 42,693 61,538 63,757 60,631 60,968 First trades (in period) 15,809 29,211 44,291 46,612 44,803 45,292 Implied conversion rate (%) 66% 68% 72% 73% 74% 74% Total active clients (in period) 34,483 56,291 88, , , ,006 Clients trading from prior period 18,674 27,080 44,045 56,726 72,449 84,714 Clients trading from prior period (%) 76% 79% 78% 64% 70% 72% 1. Percentage of those clients (excluding Japan) who traded as a percentage of clients trading in previous period IG NOVEMBER
27 Appendix 4: Broker margin requirement trend BROKER REQUIREMENT ( m) TREND FY11- FY13 H1 IG NOVEMBER
How To Sell An Investment Bank
RESULTS PRESENTATION Half year ended 30 November 2013 IG H1 FY14 RESULTS PRESENTATION P1 DISCLAIMER This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements
More informationIntroduction. Strong growth continues. Implementing the strategy - 3 - H2 Group revenue H1 Group revenue
!" #$% $ Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), contains forward-looking statements about the IG Group. By their very nature, forward-looking statements involve
More informationTim Howkins, CEO. Steve Clutton, Finance Director
Tim Howkins, CEO Steve Clutton, Finance Director Highlights Revenue Turnover up 54% Profit before tax up 63% Proposed interim dividend of 3.0p per share (up 50%) Strong levels of client recruitment Paris
More informationResults presentation. Six Months ended 30 November 2009. Tim Howkins, CEO Steve Clutton, Finance Director
Results presentation Six Months ended 30 November 2009 Tim Howkins, CEO Steve Clutton, Finance Director Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), contains forward-looking
More informationTim Howkins, CEO. Steve Clutton, Finance Director
Tim Howkins, CEO Steve Clutton, Finance Director Highlights Revenue Revenue up 36% Earnings per share up 33% All parts of business contributed to growth Benefits of increased IT spend Proposed final dividend
More informationResults presentation Six Months Ended 30 November 2006
Results presentation Six Months Ended 30 November 2006 Tim Howkins, CEO Steve Clutton, Finance Director Introduction Turnover up 44% Highlights Earnings per share up 43% All parts of business contributed
More informationIG Group Holdings plc 31 May 2013
Annual Report 2013 IG Group Holdings plc 31 May 2013 CONTENTS SETTING THE STANDARD A global leader in retail financial trading, we provide active retail traders with access to the world s financial markets.
More informationOur business, vision and what we do
ADVERTISEMENT: This is an advertisement and not a prospectus. In the event that CMC Markets undertakes a flotation, a prospectus will be produced and made available on www.cmcmarkets.com/group/ipo. Any
More informationIG Group Holdings plc ( IG or the Group ) today announces interim results for the six month period ended 30 November 2007.
14 January 2008 IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November 2007 IG Group Holdings plc ( IG or the Group ) today announces interim results for the six month period ended
More informationCapital management. Philip Scott, Group Finance Director
Capital management Philip Scott, Group Finance Director Disclaimer This presentation may include oral and written forward-looking statements with respect to certain of Aviva s plans and its current goals
More informationLondon Stock Exchange Symbol: PLUS
London Stock Exchange Symbol: PLUS 1 Disclaimer The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe
More informationHow To Trade On An On Line Trading Platform
CFD Trading You can lose more than your initial investment when trading CFDs A ccendo Markets is a market leader in financial trading services*, providing awardwinning on-line and telephone broking services
More informationBe - Briefed CFDs. David Land
Be - Briefed CFDs David Land CMC M arkets 201 Australian Disclaimer This presentation is introductory in Information about CMC Markets services, nature. It provides a high level overview including our
More informationIG Group Holdings plc 31 May 2012
Annual Report 2012 IG Group Holdings plc 31 May 2012 1 IG GROUP HOLDINGS PLC 2012 ANNUAL REPORT CONTENTS SETTING THE STANDARD We are a global leader in derivative trading services, providing financial
More informationKey Performance Indicators
Vodafone Performance Key Performance Indicators The Board and the Executive Committee monitor Group and regional performance against budgets and forecasts using financial and non-financial metrics. In
More informationDevelopment of the Client-Focused, Capital-Efficient Business Model
Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary
More informationIntroductory Guide to CFDs
N E W Y O R K C H I C A G O L O N D O N D U B A I * T O K Y O S I N G A P O R E S Y D N E Y A D A Introductory Guide to CFDs Above all, Integrity. +44 (0) 207 170 0770 LONDON MAIN 0800 358 0864 FREE PHONE
More informationAbout the Alpari companies
About the Alpari companies Mission and vision The mission of the Alpari companies is to deliver professional trading services to all clients, both retail and institutional. Our vision is to be recognised
More informationForex Capital Trading Pty Ltd. does not make any recommendations on the validity of any financial product referred to in this advertisement, emails
Forex Capital Trading Pty Ltd. does not make any recommendations on the validity of any financial product referred to in this advertisement, emails or its related websites and the information enclosed
More informationWelcome to Spread Co. Trading the markets with Spread Co
Welcome to Spread Co. Trading the markets with Spread Co 1 1 Welcome to Spread Co I founded Spread Co in 2006 with the vision to bring a custom built, professional trading platform to financial traders
More informationInvestors/Analysts Conference London, July 2010 Ian Bishop
Investors/Analysts Conference London, July 2010 Ian Bishop This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as believes, expects,
More informationIG GROUP HOLDINGS PLC
IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November 2015 19 January 2016 IG Group Holdings plc ( IG or the Group ) today announces results for the six months ended 30 November 2015.
More informationAnnual Report 2011 IG Group Holdings plc 31 May 2011
Annual Report 2011 IG Group Holdings plc 31 May 2011 2 IG GROUP HOLDINGS PLC 2011 ANNUAL REPORT CONTENTS IG GROUP: World Leaders in Spread Betting and CFDs Chairman s Statement 2 Business Review 6-43 What
More informationContracts for Difference (CFDs)
Interactive Brokers presents Contracts for Difference (CFDs) Andrew Wilkinson, Interactive Brokers Chief Market Analyst awilkinson@interactivebrokers.com Webinar begins @ 12:00 pm EST webinars@interactivebrokers.com
More informationMMS Group FY15 Results Presentation. August 2015
August 2015 Group Overview 2 Overview MMS generated a record financial result in FY15 o EBITDA up 20%, NPAT up 23%, EPS up 18% MMS has entered a new stage in its evolution o Step change in scale, competitiveness
More informationThird quarter results as of December 31, 2014. Investor presentation
Third quarter results as of December 31, 2014 Investor presentation February, 26 th 2015 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forwardlooking
More informationNN Group Insurance International
NN Group Insurance International Robin Spencer, CEO International Insurance Capital Markets Day 19 November 2015 Portfolio of mature and developing international markets Top 3 positions in CEE 1 life insurance
More informationGAIN Capital to Acquire City Index
GAIN Capital to Acquire City Index Creating a Global Leader in Online Trading October 31, 2014 Safe Harbor Statement Forward Looking Statements The forward-looking statements contained herein include,
More informationINDUSTRY LEADING DERIVATIVES EXPERTS. www.insightcapitalstrategies.com Tel: 0141 375 1246
INDUSTRY LEADING DERIVATIVES EXPERTS www.insightcapitalstrategies.com Tel: 0141 375 1246 Insight specialises in generating tax-free capital growth by investing client funds using spread betting platforms
More informationReed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO
Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of
More informationEverything You Need to Know About CFDs
Everything You Need to Know About CFDs Contracts for Difference, or CFDs, have been used for more than 20 years, but did not become popular with retail traders until after 2000. Essentially, a CFD is a
More information1300 307 853 cfds@commsec.com.au commsec.com.au. Important Information
CommSec CFDs: Introduction to Indices We re here to help To find out more, call us on 1300 307 853, from 8am Monday to 6am Saturday, email us at cfds@commsec.com.au or visit our website at commsec.com.au.
More informationMeasuring performance Update to Insurance Key Performance Indicators
Measuring performance Update to Insurance Key Performance Indicators John Hele Member of Executive Board and CFO of ING Group Madrid 19 September 2008 www.ing.com Agenda Performance Indicators: Background
More informationCourtney Capital Management Pty Ltd 2008/015963/07 Authorised Financial Services Provider FSP nr 43057 Derivatives Member of the JSE Member code CCBM
Courtney Capital Management Pty Ltd 2008/015963/07 Authorised Financial Services Provider FSP nr 43057 Derivatives Member of the JSE Member code CCBM CFD CFD s vs Equities Contracts for difference Friday
More informationIntroduction. Financial Performance. Divisional Review. Outlook
1 Introduction Financial Performance Divisional Review Outlook Page 2 Highlights Record operating profit, up 14% to 56.2m 81% of profits from internet and mobile 20% increase in interim dividend Second
More informationREA GROUP LIMITED INVESTOR & ANALYST PRESENTATION For the year ended 30 June 2014
REA GROUP LIMITED INVESTOR & ANALYST PRESENTATION For the year ended 30 June 2014 8 August 2014 Peter Tonagh - Interim Chief Executive Officer Paul Burrows - Group Financial Controller Delivering on our
More informationAnnual Report and Financial Statements For the year ended 31 March 2012
Annual Report and Financial Statements For the year ended 31 March 2012 Following on from the successful launch of our next generation platform in 2010 we are starting to see some real traction within
More informationSHARPENING STRATEGIC FOCUS
SHARPENING STRATEGIC FOCUS RESULTS FIRST HALF-YEAR 2014 August 1, 2014 Disclaimer This document contains certain statements and expectations that are forward looking, and which are based on information
More informationINVESTOR PRESENTATION HALF YEAR 2012
INVESTOR PRESENTATION HALF YEAR 2012 CONTENTS 1. PERFORMANCE HIGHLIGHTS HY 2012 2. ENVIRONMENT HY 2012 3. P&L & B/S DETAILS HY 2012 4. RAW MATERIALS & PACKAGING 5. OUTLOOK 2012 6. QUESTIONS & ANSWERS 2
More informationRisk Disclosure. Introduction. through Stofs.com falls under the CySEC licence.
Risk Disclosure Introduction AFX Capital and SuperTradingOnline (STO) are trading names of AFX Capital Markets Ltd. and AFX Markets Ltd. AFX Capital Markets Ltd. is authorised and regulated by the Cyprus
More informationRisk Disclosure RISK DISCLOSURE
RISK DISCLOSURE RISK DISCLOSURE IronFX Global UK Limited ("IronFX UK" or the Company ) is authorized and regulated by the Financial Conduct Authority ( FCA formerly the FSA) under Registration No 585561,
More informationCommSec Supplementary Financial Services Guide. Issue Date: 8 July 2014
CommSec Supplementary Financial Services Guide Issue Date: 8 July 2014 ii SUPPLEMENTARY FINANCIAL SERVICES GUIDE Important information: Commonwealth Securities Ltd ABN 60 067 254 399 AFSL 238814 ( CommSec
More informationOur authorisation and permission details can be found on the FCA website at www.fca.gov.uk.
is authorised and regulated by the Financial Conduct Authority (FCA), FRN: 595450. We are also regulated under the Market in Financial Instruments Directive (MiFID) in regards to other offices within the
More informationCreating an international pharmacy-led healthcare group
3 October 2005 Alliance Boots plc 1 Legal disclaimer This presentation does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor shall there be any
More informationGoldman Sachs European Financials Conference Improving growth and profitability in life insurance. Bruno Pfister, Group CEO Berlin, 11 June 2008
Goldman Sachs European Financials Conference Improving growth and profitability in life insurance Bruno Pfister, Group CEO Berlin, 11 June 2008 Agenda 1. Profitable growth: strong delivery since 2003 2.
More informationHEDGE FUND PORTFOLIO MANAGEMENT FRONT ARENA
HEDGE FUND PORTFOLIO MANAGEMENT FRONT ARENA FRONT ARENA FOR HEDGE FUNDS REAL TIME PORTFOLIO AND RISK MANAGEMENT The pressure has never been higher to find software solutions able to adapt to the changing
More informationSavills plc. Results for the year ended 31 December 2015
Savills plc Results for the year ended 31 December 215 1 March 216 1 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition,
More informationAnnual Report and Financial Statements. For the year ended 31 March 2015
Annual Report and Financial Statements For the year ended 31 March 2015 CMC Markets plc Table of contents Table of contents 1 Highlights... 2 Chairman s statement... 5 CEO report... 6 Company history...
More informationSecure Trust Bank PLC. 2015 INTERIM RESULTS 21st July 2015
Secure Trust Bank PLC 2015 INTERIM RESULTS 21st July 2015 Introduction & business review PAUL LYNAM Chief Executive Officer Strategy continues to deliver Maximise shareholder value: To maximise shareholder
More informationHow CFD Trading Works?
What are CFD s In finance, a contract for difference (CFD) is a contract between two parties, typically described as "buyer" and "seller", stipulating that the seller will pay to the buyer the difference
More informationInfla tion-indexed Securities
2008 AGI-Information Management Consultants May be used for personal purporses only or by libraries associated to dandelon.com network. Infla tion-indexed Securities Bonds, Swaps and Other Derivatives
More informationAltus Group Reports First Quarter Financial Results for 2015
Street Smart. World Wise. Altus Group Reports First Quarter Financial Results for 2015 Altus Group Delivers 14% Revenue Growth, Including 43% Increase in Recurring Revenues from GAIM Businesses TORONTO,
More informationOver-the-counter contracts for difference: Improving disclosure for retail investors
REGULATORY GUIDE 227 Over-the-counter contracts for difference: Improving disclosure for retail investors August 2011 About this guide This guide is for those involved with the issue, sale or advertising
More informationInterim FY2009 Results 6 Months Ended 31 December 2008. Investor Presentation 9 February 2009
Interim FY2009 Results 6 Months Ended 31 December Investor Presentation 9 February 2009 Highlights Solid operating performance EBITDA of $155m from continuing businesses first full 6 month contribution
More information2008 Interim Results September 2008
2008 Interim Results September 2008 Kenneth Alexander Chief Executive Gerard Cassels Finance Director Disclaimer This presentation is being made only in the United Kingdom and is directed only at (i) persons
More informationPresentation at Bank of America Merrill Lynch Banking & Insurance Conference
Presentation at Bank of America Merrill Lynch Banking & Insurance Conference Brady W. Dougan, Chief Executive Officer Credit Suisse London, September 29, 2010 Cautionary statement Cautionary statement
More information2016 Interim Results Presentation 24 November 2015
2016 Interim Results Presentation 24 November 2015 Disclaimer This presentation includes statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements can be
More informationUBS Global Financials Conference
UBS Global Financials Conference George Culmer, Group CFO Simon Lee, CEO International 11 May 21 AGENDA Overview George Culmer, CFO UK International Simon Lee, CEO International Emerging Markets Wrap up
More informationSAXO CAPITAL MARKETS UK LTD - EQUITY ACTIVE TRADER Rates and Conditions, valid from 1 July 2015
STOCKS & ETFs FLAT FEE THRESHOLD COMMISSION ABOVE MAIN MARKETS FLAT FEE (TRADE SIZE) THRESHOLD NASDAQ, NYSE & NYSE ARCA 1) Stocks 6,000 shares 0.7 cps/share London Stock Exchange 1) Stocks 5 GBP 30,000
More informationAttached presentation delivered by nib at the Morgan Stanley Private Health Forum (20 April 2015).
nib holdings limited Head Office 22 Honeysuckle Drive Newcastle NSW 2300 abn 51 125 633 856 t 13 14 63 f 02 4925 1999 e nib@nib.com.au w nib.com.au 20 April 2015 The Manager Company Announcements Australia
More informationAnnual Shareholder Meeting. June 2012
Annual Shareholder Meeting June 2012 Agenda Call to Order; Opening of Polls Introduction of Directors Introduction of Management Introduction of Independent Registered Public Accounting Firm Designation
More informationoffering a comprehensive range of investment products and services.
Linear Investments is a global investment manager offering comprehensive range of Investments is aaglobal investment manager investment products and services Linear offering a comprehensive range of investment
More informationFY2010 Results Presentation. 23 March 2011
FY2010 Results Presentation 23 March 2011 Disclaimer This document is of a purely informative nature and does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, securities
More informationDelivering next generation trading. Annual Report and Financial Statements 2011. CMC Markets plc 133 Houndsditch London EC3A 7BX United Kingdom
Freephone 0800 0933 633 Tel +44 (0)20 7170 8200 Fax +44 (0)20 7170 8499 Email info@cmcmarkets.co.uk www.cmcmarketsplc.com Annual Report and Financial Statements 2011 CMC Markets plc 133 Houndsditch London
More informationON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented
ON TRACK TO MEET FULL YEAR EXPECTATIONS Overview First quarter performance in line with guidance and on track to meet full year outlook US business performing well and to plan Tobacco net revenue up 16.6%
More informationGlobal Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey
Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey Jon F. Doyle and Sandra Sussman October 8, 2013 Presenters Jon F. Doyle Attorney
More informationSecond Quarter and First Half 2015 Trading Update
Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit
More informationTraditionally, venturing outside the United States has involved two investments:
WisdomTree ETFs INTERNATIONAL HEDGED EQUITY FUND HDWM Approximately 50% of the world s equity opportunity set is outside of the United States, 1 and the majority of that is in developed international stocks,
More informationGAIN Capital FOREX.com Australia Pty Limited EXECUTION POLICY for the Dealbook Suite of Platforms
GAIN Capital FOREX.com Australia Pty Limited EXECUTION POLICY for the Dealbook Suite of Platforms 1) Introduction The Execution Policy should be read in conjunction with our Account Agreement or General
More informationGrontmij N.V. Analyst presentation. Financial results Q1 2014. 30 April 2014
Grontmij N.V. Analyst presentation Financial results Q1 2014 30 April 2014 Encouraging start of the year for Grontmij Highlights Q1 2014 2 Total revenue shows modest decline, net revenue is stable compared
More informationwww.tradeviewforex.com
www.tradeviewforex.com 1. About Us Tradeview was established in 2004 with a vision: To provide unmatched online trading solutions to a broad range of traders and investors around the world. We are more
More informationResponse to submissions on CP 146 OTC CFDs: Improving disclosure for retail investors
REPORT 246 Response to submissions on CP 146 OTC CFDs: Improving disclosure for retail investors August 2011 About this report This report highlights the key issues that arose out of the submissions received
More informationFLOW TRADERS REPORTS RECORD RESULTS IN THIRD QUARTER 2015
For immediate release FLOW TRADERS REPORTS RECORD RESULTS IN THIRD QUARTER 2015 AMSTERDAM, the Netherlands 13 November 2015. Flow Traders N.V. ( the Company or Flow Traders ) (Euronext: FLOW), a leading
More informationContracts for Difference. Andrew Wilkinson
Contracts for Difference Andrew Wilkinson Disclaimer CFD trading of UK FTSE listed stocks is available through Interactive Brokers (U.K.) Limited. Trading of other products such as stocks, options, Australian
More informationSpread Bet & CFD Options Reference Sheet
Spread Bet & CFD Options Reference Sheet What are options? There are two types of options: calls and puts. Call option: The buyer of the call option has the right (but not the obligation) to buy an agreed
More information16th Annual Credit Suisse Financial Services Forum. February 10, 2015
16th Annual Credit Suisse Financial Services Forum February 10, 2015 2 Disclaimer The following information contains certain forward-looking statements that reflect the Company's current views with respect
More informationFull year results. March 2012
2 0 1 1 Full year results March 2012 1 DISCLAIMER Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation
More informationTransaction reporting. The challenges of MiFID and EMIR transaction reporting
Transaction reporting The challenges of MiFID and EMIR transaction reporting What is transaction reporting? A transaction report is a regulatory requirement, which comprises a set of fields including all
More informationResults for the 3 months to 31 March 2015
Results for the Key highlights Recommended offer from Banco de Sabadell (Sabadell) TSB received a 340p per share cash offer for the entire business, which has been recommended by the Board to the Group
More informationTABCORP HALF YEAR RESULTS PRESENTATION
Tabcorp Holdings Limited ACN 063 780 709 5 Bowen Crescent Melbourne Australia 3004 GPO Box 1943 Melbourne Australia 3001 Telephone 61 3 9868 2100 Facsimile 61 3 9868 2300 Website www.tabcorp.com.au 4 February
More informationH1 2015 Results. 12 August 2015
H1 2015 Results Agenda Agenda H1 2015 at a glance Building industry outlook 2015 Outlook 2015 2 Stable operating margins Group net sales increase of 20.1% to CHF 1 308 million In local currencies, net
More informationFinancial Services Guide (FSG)
CMC Markets Asia Pacific Pty Ltd Financial Services Guide (FSG) 12 December 2014 AFSL No. 238054 and ABN 11 100 058 213 Table of Contents Table of contents 01 CMC Markets Asia Pacific Pty Ltd 02 Purpose
More information650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS
FOR IMMEDIATE RELEASE MEDIA CONTACT: INVESTOR CONTACT: Kristen Batch Sean Hazlett Symantec Corp. Symantec Corp. 650-527-5152 650-527-6273 kristen_batch@symantec.com sean_hazlett@symantec.com SYMANTEC REPORTS
More informationEquity Release Working Party. Pricing & Risk Capital In the Equity Release Market 27 March 2008
Equity Release Working Party Pricing & Risk Capital In the Equity Release Market 27 March 2008 Who are we? Ged Hosty (Chair) - In Retirement Services Steve Groves - Partnership Assurance Colin Murray -
More informationCFDs An Introduction
CFDs An Introduction Seminar Overview Who is Shorcan Index Introduction of CFDs (Contracts for Difference) Description and Benefits Examples Questions Who is Shorcan Index? Shorcan Index, is part of the
More informationTrade and Order Execution Policy for Retail and Professional Clients
Trade and Order Execution Policy for Retail and Professional Clients Spread Betting and CFDs are high risk investments. Your capital is at risk. Spread Betting and CFDs are not suitable for all investors
More information2014 Annual General Meeting. 23 October 2014
2014 Annual General Meeting 23 October 2014 Disclaimer This presentation has been prepared by SKILLED Group Limited (ASX:SKE). The information contained in this presentation is of a general nature only,
More informationF i r s t - h a l f r e s u l t s. 30 July 2014
F i r s t - h a l f r e s u l t s 30 July 2014 Disclaimer This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction. Certain information
More informationEMERGING INVESTMENT PRODUCTS AND THEIR REGULATORY CHALLENGES
2007 FAS ANNUAL CONFERENCE FAIRMONT CHATEAU MONTEBELLO SEPTEMBER 27 30, 2007 EMERGING INVESTMENT PRODUCTS AND THEIR REGULATORY CHALLENGES Louis Piergeti Vice President, Financial Compliance IDA 1 Emerging
More informationFinancial Results Q1 2014. Jacques Purnode, Chief Finance Officer
Financial Results 2014 Jacques Purnode, Chief Finance Officer Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or
More informationBeginner s Guide to CFDs
Beginner s Guide to CFDs Chapters 1.1-1.3 www.trader.ge CFDs Chapter 1.1 / A Basic Description Welcome to this chapter, which will give a brief introduction to the history of CFDs. If you are already familiar
More information2013FIRSTHALFRESULTS. JERÓNIMO MARTINS Strategic Overview
2013FIRSTHALFRESULTS JERÓNIMO MARTINS Strategic Overview Disclaimer Statements in this presentation that are forward-looking statements are based on current expectations of future events and are subject
More informationINTERIM REPORT SIX MONTHS ENDED 31 DECEMBER 2015
INTERIM REPORT SIX MONTHS ENDED 31 DECEMBER 2015 (Released 16 February 2016) There are forward-looking statements included in this document. As forward-looking statements are predictive in nature, they
More informationRisk Warning AETOS Capital Group (UK) Limited July 2015
Risk Warning AETOS Capital Group (UK) Limited July 2015 V20150710 RISK WARNING IMPORTANT PLEASE READ CAREFULLY AETOS Capital Group (UK) Limited (referred to below as we, us or our ) believe that our customers
More informationMetsä Board Metsä Board
Metsä Board Financial 215 Financial statements statements review review 215 Highlights in 215 Paperboard delivery volumes increased by 12% compared to 214 Operating profit improved 32% Strong operating
More informationFull Year Report 2005. 26 January 2006
Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains
More informationwww.ifcmarkets.com tutorial
tutorial Introduction Chapter 1: THE BASICS YOU SHOULD KNOW ABOUT CFD TRADING Chapter 2: CHOOSE YOUR CFD PROVIDER Chapter 3: TRADING IN ACTION Chapter 4: CONSIDER AND MANAGE YOUR RISKS INTRODUCTION Nowadays,
More informationBank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond
4 October 2011 Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond Thank you and good morning. It s a pleasure to be here and I d like to thank our hosts for the opportunity to
More information