LCG Shares Plunge to New Record Low One Week After New Website Launch
- The market capitalization of London Capital Group Holdings is now close to $10 million after being above $50 million at the time of its IPO.
Shares of one of the few London listed brokerages in the industry, London Capital Group Holdings (LON:LCG), have hit a new all time low of 7.38 pence per share in today’s trading session. This comes after the company officially unveiled its new plans for expanding into the retail trading sector and launched its redesigned website and Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
The new platform solution is an extensive rewrite of source code based on the cTrader platform from Spotware, which stems from the acquisition made by London Capital Group Holdings (LON:LCG) of Cypriot software company Surecom from the parent company Spotware Systems Limited last September.
After an initial public offering in 2008, London Capital Group Holdings (LON:LCG) raised £15 million at a placing price of 82 pence per share. The company was valued at the time at £31.4 million. At today’s price, the value of the company is a little bit less than £6.9 million ($10 million).
Bold new plans in a competitive marketplace
With the unveiling of the new plans by London Capital Group Holdings (LON:LCG), the company is aiming to establish a foothold in the very competitive U.K. space, which apparently is worrying for the few remaining investors in LCG’s shares outside of the firm's current management.
Following the debt to equity Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term made by Charles-Henri Sabet led GLIO Holdings in 2014, the existing London Capital Group Holdings (LON:LCG) shareholders have been diluted. After the announcement was made in June 2014, the company has taken about a year and a half before launching a redesigned website with a modern trading platform solution.
Shares of the company have been tanking all along, Source: Google Finance
In the meantime the firm also signed a deal with another software company named Algoweb, which was founded by the current CEO of the company Charles-Henri Sabet.
After numerous talks with other platform providers, London Capital Group Holdings (LON:LCG) has stepped up its game in September with the purchase of Cypriot Surecom. Only four months after this latest acquisition, the company has launched its new rebranded website and the LCG Trader platform.
Confidence by investors that the firm will be able to turn its fortunes around has been dwindling in recent months as shares of the company lost 80 per cent since January 2015. Currently the company’s stock is trading just above a new all time low at 8.3 pence per share.
Shares of one of the few London listed brokerages in the industry, London Capital Group Holdings (LON:LCG), have hit a new all time low of 7.38 pence per share in today’s trading session. This comes after the company officially unveiled its new plans for expanding into the retail trading sector and launched its redesigned website and Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
The new platform solution is an extensive rewrite of source code based on the cTrader platform from Spotware, which stems from the acquisition made by London Capital Group Holdings (LON:LCG) of Cypriot software company Surecom from the parent company Spotware Systems Limited last September.
After an initial public offering in 2008, London Capital Group Holdings (LON:LCG) raised £15 million at a placing price of 82 pence per share. The company was valued at the time at £31.4 million. At today’s price, the value of the company is a little bit less than £6.9 million ($10 million).
Bold new plans in a competitive marketplace
With the unveiling of the new plans by London Capital Group Holdings (LON:LCG), the company is aiming to establish a foothold in the very competitive U.K. space, which apparently is worrying for the few remaining investors in LCG’s shares outside of the firm's current management.
Following the debt to equity Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term made by Charles-Henri Sabet led GLIO Holdings in 2014, the existing London Capital Group Holdings (LON:LCG) shareholders have been diluted. After the announcement was made in June 2014, the company has taken about a year and a half before launching a redesigned website with a modern trading platform solution.
Shares of the company have been tanking all along, Source: Google Finance
In the meantime the firm also signed a deal with another software company named Algoweb, which was founded by the current CEO of the company Charles-Henri Sabet.
After numerous talks with other platform providers, London Capital Group Holdings (LON:LCG) has stepped up its game in September with the purchase of Cypriot Surecom. Only four months after this latest acquisition, the company has launched its new rebranded website and the LCG Trader platform.
Confidence by investors that the firm will be able to turn its fortunes around has been dwindling in recent months as shares of the company lost 80 per cent since January 2015. Currently the company’s stock is trading just above a new all time low at 8.3 pence per share.