Not familiar with the name in detail. But surely spreadbetting/CFD where IG lead are small markets in the US due to lack of CGT benefits over there? Hence I'm not sure why you would acquire a subscale US broker, that can't compete on cost with Interactive (etc.) and saw a massive benefit from COVID. Or am I missing something?
Not familiar with the name in detail. But surely spreadbetting/CFD where IG lead are small markets in the US due to lack of CGT benefits over there? Hence I'm not sure why you would acquire a subscale US broker, that can't compete on cost with Interactive (etc.) and saw a massive benefit from COVID. Or am I missing something?
Slightly quixotic to issue 61m new shares then immediately do a share buyback …