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ArvinIG

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Everything posted by ArvinIG

  1. Hi @KamG, The language issue might be due to the Expert Advisor you are using not the MT4 software it self. All the best - Arvin
  2. We look at the highlights from the software company’s unaudited FY21 results. Source: Bloomberg Shares Revenue Altium United States Stock Earnings before interest, taxes, depreciation and amortization Popular ASX-listed software company Altium (ASX: ALU) saw its share price crash on Monday after releasing its unaudited FY21 results to the market. Altium closed out the session down 14.36% to $29.81 per share. At those levels, the stock is down around 12.30% year-to-date, as investors remain uncertain on the name. Below we will look at some of the highlights from the company’s FY21 release. Importantly, these results are ‘unaudited’ as a result of covid-19 related delays. As the company noted in its results release: 'Due to unforeseen delays in the finalisation of the annual audit process amplified by the impact of the COVID-19 pandemic in NSW, the release of Altium’s audited accounts has been delayed.' Management said they expected to have an audited copy of the FY21 results released within a week and that the expectation is for there to be no 'material difference between today's release of unaudited financial statements and the audited financial statements to be released shortly.' FY21 results On the topline, Altium delivered what was described by management as strong growth, with FY21 revenue coming in at US$191.1 million. That strong growth was likely commentary on the second half of FY21 not the full-year. Indeed, full-year revenue grew a mere 1%, while second-half revenue did accelerate, gaining 16% on a half-on-half basis. Beyond that, there were other pockets of growth among Altium’s different business segments: Octopart revenue, for example, was up 42% for the full-year, and Altium's China revenue gained 11%. The picture gets less rosy as we move down the income statement. Earnings (EBITDA) fell 3% to come in at US$60.0 million, earnings margins fell and/or were broadly flat on an underlying basis; but positively, post-tax profits surged 78%, coming in at US$35.3 million. Management also declared a final dividend of AUD 21 cents per share, taking the company’s full-year payout to AUD 40 cents per share. The business had US$191.5 million in cash on hand at the close of the year. Click here to read our beginners’ guide to fundamental analysis. FY22 outlook Maybe most importantly, Altium’s management team said they remained confident that they could hit the FY25 US$500 million revenue target they set in 2019. But before we get there – Altium’s CFO, Margin Ive – said 'We have a confident and positive outlook for fiscal 2022.’ That positive outlook was quantified as follows: FY22 revenue of between US$209 million to US$217 million FY22 earnings (EBITDA) margin of between 34% to 36% Annual recurring revenue growth of between 23% to 27%. That is a shade down from the 29% figure of FY21. Do you have a view on Altium? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform. For example, to buy (long) or sell (short) a variety of local and international stocks using CFDs, follow these easy steps: Create an IG Trading Account or log in to your existing account Enter <Company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade For investors not looking to trade stocks, you can invest in shares directly through our share trading service. Shane Walton | Financial Writer, Australia 30 August 2021
  3. Hi @buylow, You can try to clear your cache and delete your cookies on Chrome. You can try to close charts that your are not using they sometime add up at the top of your Workspace : I hope that it helps. All the best - Arvin
  4. Hi @amilio, With share CFDs you deal at the real market price, so we don't attach our own spread. Instead, we take a small commission when you open the position, and again when you close it. In each instance, a minimum charge applies. On leverage you won't be able to obtain free commission as you are you are borrowing shares which incurs a cost for IG. If you are willing to pay 100% of the value of the stock and own the stock, you can do so on a share dealing account. in this case if you trade 3 times or ore in the previous month US stocks will be commission free and UK £3 https://www.ig.com/uk/investments/share-dealing/costs-fees I hope that it helps. All the best - Arvin
  5. Hi @koonseng101, You can try to type in manually demo-mt4.ig.com:443 for the demo environment. All the best - Arvin
  6. We examine the highlights from the mining giant’s full-year report. Source: Bloomberg Forex Shares Commodities Fortescue Metals Group Mining Dividend The Fortescue Metals Group (ASX: FMG) share price opened firmly higher on Monday, after the pure play iron ore miner posted a record set of full-year FY21 results. By 12:22 PM the stock was up 6.05% to $21.21 per share. Across the board FMG’s operational results headed north, total iron ore shipments edged higher to come in at 182.2 million tonnes, while earnings EBITDA and profits (NPAT) all running off the back of the recent iron ore boom. Cash in hand, the miner looks to be spending big to keep its shareholders happy, declaring a record final dividend as part of the results. FY21 Results Boosted by a rampant commodity market, the miner saw its total revenue hit US$22.2 billion in fiscal 2021. That was driven partly by the sale of slightly more iron ore during the year, but primarily by the recent surge in commodity prices, which saw FMG’s average revenue increase 72% to US$135 per tonne in 2021. Profits didn’t waver either: the miner booked earnings (EBITD) of US$16.4 billion and recorded an earnings margin of 73%. Meanwhile, post-tax profits doubled: underlying NPAT was US$10.3 billion, equating to earnings per share (EPS) of US 335 cents or AUD 445 cents per share. Of the back of all this the miner retained a seemingly unassailable dividend policy, declaring a final dividend of AUD$2.11 per share. That takes FMG’s total dividends in FY21 to AUD$11 billion or AUD$3.58 per share - implying a favourable 80% payout ratio. Funnily enough, this was actually behind the market consensus, which pegged FMG at paying out a dividend of AUD$2.17 per share. Click here to read our beginners’ guide to fundamental analysis. Commenting on those results, FMG CEO – Elizabeth Gaines – said: ‘Guided by our unique culture and Values, the Fortescue family has delivered a second consecutive year of record performance, with shipments, earnings and operating cashflow surpassing any year in Fortescue's history.' 'Through the Iron Bridge Magnetite project and Fortescue Future Industries, we are investing in the growth of our iron ore operations, as well as pursuing ambitious global opportunities in renewable energy and green industries.' FY22 outlook Looking forward, the miner said it expected to ship between 180 million tonnes to 185 million tonnes of iron ore in fiscal 2022. From a costs perspective, across 2022 C1 costs are expected to come in at between US$15.00 to US$15.50 per wet metric tonne, while total CAPEX, on an ex FFI basis, is expected to come in at between US$2.8 billion to US$3.2 billion. Those estimates are based on an average Australian dollar exchange rate of 75 cents. Do you have a view on FMG? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform. For example, to buy (long) or sell (short) a variety of local and international stocks using CFDs, follow these easy steps: Create an IG Trading Account or log in to your existing account Enter <Company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade For investors not looking to trade stocks, you can invest in shares directly through our share trading service. Shane Walton | Financial Writer, Australia Monday 30 August 2021
  7. Hi @Bertalma, Please send us a screenshot of your MT4 to helpdesk.au@ig.com, our team will be able to investigate and assist you form there. All the best - Arvin
  8. Hi @Spook1304, To calculate the overnight funding for VIX you will need to use the formula : Bet size x Price x Swap Bid/Offer ( Bid for short and offer for long) For further assistance please reach out to helpdesk.uk@ig.com All the best - Arvin
  9. HI @Virender, Tencent Holdings Ltd is available on our leveraged CFD accounts : I hope that it helps ! All the best - Arvin
  10. Hi @RiaFay, Have you been able to login since then? You can send an email to helpdesk.en@ig.com with your account details and a screenshot of the error message. All the best - Arvin
  11. Hi Matt, If you wish to make a deal over our max consideration online, you will need to call him, to book the order through a dealer over the phone. You can also call in to ask for the consideration to be increased but that is up to the dealing desk. I hope that it helps ! All the best Arvin
  12. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30th August 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount TOP40 GLN SJ 01/09/2021 Special Div 0.04 USc UKX GLEN LN 02/09/2021 Special Div 0.04 USc RTY RMR US 02/09/2021 Special Div 7 SPX PXD US 02/09/2021 Special Div 1.51 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  13. Hi @Pbansal, At the moment the only way to see if a stock is to go on the info tab and other. I will forward you feedback to the relevant department to be reviewed. All the best - Arvin
  14. NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed -0.54%, -0.58% and -0.59% respectively Fed Chair Jerome Powell will give a speech at Jackson Hole symposium at 10am ET on Friday Asia-Pacific markets are positioned to open lower following a negative lead {{GUIDE|HOW TO TRADE EQUITIES}} Jackson Hole, Fed Tapering, USD, Jobless Claims, Asia-Pacific at Open: Wall Street equities pulled back from record levels on Thursday as investors mulled hawkish comments by St Louis Fed President James Bullard ahead of the Jackson Hole symposium. Bullard said on a TV show that he wants to see the central bank begin to scale back asset purchases to stave off inflation, and it may need to get “aggressive” if the tapering does not contain inflation. Cyclically-oriented sectors such as energy (-1.51%), consumer discretionary (-0.73%) and materials (-0.68%) fell, pulling the S&P 500 index from all-time highs. PayPal(-1.47%), Tesla(-1.41%) and Facebook(-1.09%) were among the worst performing tech companies overnight. Investors are eyeing Jerome Powell’s speech at the Jackson Hole symposium at 10am ET later today. His speech will be closely scrutinized for clues about the Fed’s tapering plan. Some market participants believe that the tapering program may be conducted in a slower-than-expected way, therefore it may not trigger a meaningful pull back in asset price. Asia-Pacific markets may continue to trail behind their US peers due to lingering viral concerns and a widening crackdown on private sectors in mainland China. Chinese stocks listed in the US fell overnight, including Tencent (-1.53%), Alibaba (-2.28%) and Nio (-1.77%). Nasdaq 100 Top 10 Stock Performance 26-08-2021 Source: Bloomberg, DailyFX Meanwhile, weekly initial US jobless claims data came in line with expectations. Some 353k unemployment claims were filed last week, compared to a 350k estimate. The previous week’s figure was revised up slightly to 349k from 348k. The unemployment claims have been declining over the last few months, underscoring the resilience in the labor market against a viral resurgence. US Weekly Jobless Claims Source: Bloomberg, DailyFX Asia-Pacific markets look set to open lower on Thursday. Futures in Japan, mainland China, Australia, Hong Kong, South Korea, Taiwan, Singapore, India and Thailand are all in the red, whereas those in Malaysia are in the green. Nasdaq 100 Index Technical Analysis The Nasdaq 100 index hit a key resistance level at 15,300 (the 127.2% Fibonacci extension) and has since pulled back. Breaching this level may open the door to further gains with an eye on 15,950. A pullback from here may bring prices to the 20-Day SMA line for immediate support. The bearish MACD indicator suggests that downward momentum may be building. Nasdaq 100 Index – Daily Chart Nikkei 225 Index Technical Analysis: The Nikkei 225 index remains in a “Descending Channel” formed since February. The floor and ceiling of the channel may be viewed as immediate support and resistance levels respectively. The overall trend remains bearish-biased, as suggested by the downward-sloped SMA lines. The MACD indicator is trending below the neutral line, suggesting that upward momentum may be weak. Nikkei 225 Index – Daily Chart ASX 200 Index Technical Analysis: The ASX 200 index pulled back sharply to test an immediate support level at 7,500 – the previous resistance. The overall trend remains bullish-biased, as suggested by the consecutive higher highs and higher lows formed over the past few months. The MACD indicator formed a bearish crossover after hitting trendline resistance, suggesting that selling pressure may be prevailing. ASX 200 Index – Daily Chart Written by Margaret Yang, Strategist for DailyFX.com 27 August 2021
  15. Semiconductor plays Nvidia and AMD got a boost to their share prices after news of the US government possibly buying a machine based on their chips. Source: Bloomberg Shares Nvidia Advanced Micro Devices United States Supercomputer Price Nvidia (Nasdaq: NVDA) share price rises to US$222.13 on Wednesday (25 Aug) Advanced Micro Devices (Nasdaq: AMD) hits US$108.30 per share The US government is reportedly nearing a deal for a Nvidia and AMD supercomputer Nvidia’s takeover of a UK firm has prompted competition and security concerns Keen to trade Nvidia shares? Open an account with us to start trading the stock. Nvidia, AMD counters clock gains Shares of Nvidia and Advanced Micro Devices (AMD) both finished higher on Wednesday, following a news report that the US was close to purchasing a supercomputer made with chips from the two California-based semiconductor firms. Chip giant Nvidia, whose graphics cards are favoured in the video-game industry, saw its stock climbing 1.9% to close at US$222.13. AMD, which also develops computer processors, advanced 0.6% to end at US$108.30. Amid the global chip shortage, AMD recently said it had responded to limited industry capacity by focusing on selling only its most profitable chips. As of Thursday, research teams were largely positive on market leader Nvidia, with 38 ‘buy’ calls, five ‘hold’ recommendations, and three suggesting ‘sell’. Their average 12-month target price was US$220.88, according to Bloomberg data. Meanwhile, AMD attracted 25 ‘buy’ ratings, 16 ‘hold’ calls, and two ‘sell’ recommendations from analysts, with an average target price of US$111.25. On Wednesday, Reuters cited analysts as saying that retail inflows into Nvidia and AMD have been so large that they outpaced the combined inflows into the entire FAANGM (Facebook, Amazon, Apple, Netflix, Google, and Microsoft) complex for the first time in a rallying market. Should you take a chance on Nvidia and AMD? Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020) Potential supercomputer deal powers optimism On Tuesday, Reuters reported that the US Department of Energy would soon ink a deal to buy a supercomputer, to be named Polaris, based on Nvidia’s A100 chips and AMD’s Rome and Milan chips. In the meantime, the US is waiting for a larger supercomputer, from semiconductor behemoth Intel Corp (Nasdaq: INTC), which has seen a months-long delay. Polaris is slated to come online this year, and will be a test machine for the department’s Argonne National Laboratory to prepare its software for the Intel-based Aurora machine, according to Reuters. The US’ supercomputers do scientific work in areas including healthcare and climate research, as well as perform virtual testing of nuclear weapons. The Nvidia and AMD supercomputer will not be as powerful as Aurora, Reuters added. Nvidia’s mega takeover of UK chip designer hits hurdle Separately, Nvidia’s proposed US$40 billion acquisition of British semiconductor designer Arm Ltd now faces a major obstacle. UK regulator Competition and Markets Authority (CMA) last Friday said the deal raises ‘serious competition concerns’ and could also require an in-depth investigation on national security grounds. CMA flagged that the takeover may possibly hurt rivals by limiting their access to key technologies, cause price increases for semiconductors, and ultimately stifle innovation in a number of important and growing markets. The chip technology sector is ‘vital’ to everyday products, said CMA chief Andrea Coscelli. How to trade or invest in stocks and shares Trade or invest in shares with our market-leading offering, by following these three steps: 1. Decide whether to trade or invest 2. Select your opportunity 3. Take your position Kelvin Ong | Financial writer, Singapore 26 August 2021
  16. Hi @Pbansal, Unfortunately, we won't be able to offer Cielo Waste Solution ( CWSFF) as it is trading OTC We have created a specific thread for Stock request with the eligibility requirements: All the best - Arvin
  17. Hi @syed, For updates on your application please contact accountopening.en@ig.com. Once the account opening team verified your documents they will need to complete the application to make your account live. All the best - Arvin
  18. Hi @nit2wynit, There is effectively a 0.5% Foreign exchange fee : The 3+ trades rebate is on commission, more details here. You can change you Currency conversion settings in My IG > Live accounts > Currency conversion If you change to manual conversion you will be able to hold foreign currencies to then buy other stock or convert when you want to withdraw funds. But the commission rebate won't apply as mentioned above. I hope that it helps ! All the best - Arvin
  19. Hi @amilio, Once you subscribe for the Level 2 Data it will appear on your dealing ticket. For example this is ASX with Level 2 data on Afterpay Limited: If you want DMA access please refer to https://www.ig.com/uk/trading-platforms/l2-dealer I hope that it helps ! All the best - Arvin
  20. HI @Tripod_John @Redback000, The options you are seeing are the ones when the market is closed as below: When the market is open you will see the options I was mentioning above. ❓ You can check on in the info tab on the deal ticket what are the market hours : I hope that it helps ! All the best - Arvin
  21. HI @Redback000, That is correct you can press "P" on your keyboard as a shortcut. Please keep in mind that the options won't show on markets that are delayed. I hope that it helps ! All the best - Arvin
  22. We look at the highlights from the tech company’s full-year FY21 earnings report. Source: Bloomberg Shares Revenue Earnings before interest, taxes, depreciation and amortization Dividend Stock Share Is the bear narrative done? WiseTech (ASX: WTC) crushed expectations on Wednesday, reporting a strong set FY21 results, beating the company’s own EBITDA guidance in the process, while also providing an optimistic outlook for fiscal 2022. The market reacted with a staggering amount of optimism: the stock skyrocketed 53% to $55.50 per share by 11:30 AM. At those price levels, WiseTech has a market capitalisation of over $18 billion. Click here to read our beginners’ guide to fundamental analysis. FY21 results On the top-line, WiseTech reported total revenues of $507 million, representing an 18% year-on-year increase and coming in at the top-end of guidance. Most of that was driven by CargoWise revenue, which came in at $331.6 million, while acquisition revenue came in at $175.9 million. That bump in revenue from CargoWise was driven primarily by increased demand from current customers. Commenting on that revenue performance overall, WiseTech CEO, Richard White, said: 'Our top line revenue growth, coupled with our ability to implement organisation-wide efficiencies and extract acquisition synergies, has enabled us to achieve a marked step change in operating leverage that is evident in our strong FY21 financial performance.' Yet it was a beat on earnings (EBITDA) expectations that look to have truly captured the attention of the market. WiseTech, at its interim results, had guided for full-year EBITDA of between $165 million to $190 million. WiseTech beat firmly on those forecasts today, revealing FY21 EBITDA of $206.7 million, implying a year-on-year growth rate of 63% and an earnings margin of 41%. This all resulted in statutory NPAT of $108.1 million, underlying NPAT of $105.8 million and earnings per share of 32.6 cents per share. Off the back of this, WiseTech declared a final dividend of 3.85 cents per share – taking total FY21 dividends to 6.55 cents per share. Analysts from Citi, who have a price target of $30.50 per share on WiseTech, described the result as solid, while noting that ‘guidance [was] stronger than expected.’ The investment bank went on to say that ‘With the company talking to a strong pipeline and guidance implying consensus upgrades, we are not surprised that the stock is up strongly today however do see the 27% increase as a bit excessive.’ FY22 outlook Looking forward, WiseTech’s management said they expected full-year FY22 revenue of between $600 million to $635 million, implying a growth rate of between 18% to 25%, respectively. On the bottom-line, earnings are expected to continue to accelerate, with full-year FY22 EBITDA guided to come in at between $260 million to $285 million, implying a growth rate of between 26% to 38%, respectively. Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Shane Walton | Financial Writer, Australia 25 August 2021
  23. We examine how three of Australia’s top brokers reacted to Afterpay’s full-year earnings report. Source: Bloomberg Shares Afterpay Price Share price Earnings before interest, taxes, depreciation and amortization UBS When the Square-Afterpay acquisition was announced in early August, Afterpay (ASX: APT) provided the market with a relatively comprehensive FY21 trading update. That update, had most, though not all of the ingredients investors and traders would’ve likely been eyeing from an operational perspective. Indeed, many of these pre-released metrics were reiterated as part of Afterpay’s full-year FY21 results, handed down to the market on Wednesday, August 25. The Afterpay share price finished Wednesday’s session down 1.18% to $133.50 per share. FY21 results On the top-line, Afterpay reported full-year underlying sales of $21.2 billion, implying a year-on-year increase of 90%. All of this drove revenue higher, with the company generating total income of $924.7 million in FY21, up 78% from a year ago. Overall, the business maintained its margins from the year prior, registering a merchant margin of 3.9%, while net margins came in at +2%. These operational feats were underscored by a solid increase in customers and users. During FY21 active Afterpay customers rose 63% to hit 16.2 million. That impressive figure was matched by even more rapid growth in the company's merchant base, with total active merchants hitting 98.2 thousand, implying a year-on-year growth rate of 77%. Yet all this growth came at a cost: EBITDA was $38.7 million, down 13% from the year prior, while losses continued to snowball, coming in at $159.4 million – equivalent to a 597% increase year-on-year. Click here to read our beginners’ guide to fundamental analysis. Analyst perspectives Below we look at how three key Australian brokers responded to Afterpay’s latest round of FY21 results. Wilsons Analysts from Wilson’s – who have a $151.05 per share price target on Afterpay – honed in on the Square-Afterpay deal, saying: ‘Much of the focus will remain on the SQ share price and the SQ/APT share ratio of 0.375. Not with standing this, until deal closure we’ll remain observant of the core underlying trends.’ The broker went on to say: ‘With Q4’21 trading announced prior to today’s results, we noted that Underlying Sales trends, Margins, and operating conditions were continuing as expected with few (if any) surprises.’ UBS The bear amongst the bulls – UBS reacted with little enthusiasm to Afterpay’s full-year report. Here the investment bank reiterated its $42.00 price target, while saying: ‘Top-line pre-reported, net transaction margin slightly below consensus. Focus remains on Square’s proposed acquisition.’ RBC Finally, analysts from RBC took a more granular view, turning their attention to the results that Afterpay had yet to report before today’s release. Here the broker said: ‘With most of the customer and topline metrics pre-reported, the focus of today’s result was on the gross losses, transaction metrics, and EBITDA. All of the key metrics are heading north, and data points which stood out were earlier customer cohorts transacting 34x per year.’ RBC has a $127.00 per share price target on Afterpay. Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Shane Walton | Financial Writer, Australia Wednesday 25 August 2021
  24. Hi @add143, Could you please reach out to helpdesk.uk@ig.com with your account details? The helpdesk would be the best place to find out more information on your referral. All the best - Arvin
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