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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intermediate Capital Group Plc | ICP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2,124.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,124.00 | 2,124.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 26/11/2023 14:22 by zeppo Is it irony here?Surely we could get a share price boost as institionsl investors can now come in? |
Posted at 20/9/2022 22:00 by riverman77 There's been some talk of institutional investors needing to rebalance their portfolios and reduce their exposure to alternatives - after sharp falls in equity and bond markets, alternatives have apparently become too large in percentage terms. I understand this has been a factor behind the sell off across peer group, such as KKR and Apollo.Personally don't see this as anything to worry about - most clients are locked in for long periods, and any dip in new business will only be temporary. For my money, this is about the best bargain in the market right now - I loaded up when it crashed post Covid and more than doubled my money. Have been gradually adding again as it has sold off and will continue to do so. |
Posted at 20/6/2016 12:08 by jeremy40 Further to my earlier comment, can anyone explain why this special dividend is a good deal for a private investor, having to buy back one ninth of their current holding for 63.4p? (9 x 63.4 = 570.6p, against the current price of > 600p)in order to maintain the value of their holding. |
Posted at 25/5/2016 22:23 by jeremy40 Having been through this special dividend process last year, I am not looking forward to more of the same, as it does not seem to benefit the private investor, what with the increased tax liability, for instance.Can anyone help me with the longer term benefit - again there doesn't seem to have been one over the last year, and with reduced number of shares, the ordinary dividend has not increased in line. |
Posted at 23/7/2015 10:43 by deadly Likewise you could say that paying dividends is a "pointless exercise" for any company.The fact is many investors want to have "cash back" without selling shares. |
Posted at 21/5/2015 17:18 by its the oxman Management will be meeting institutional investors today, tomorrow and next week probably. They have a good story to tell and it will be interesting to see how the share price responds. AUM are set to grow well which always helps. |
Posted at 20/5/2015 20:07 by stevie blunder As I understand it the overall profits are lumpy because realisation of the mezzanine investments cant be predicted, hence the forecasts are lower next year. There should be a smoother progression from the fund managing side of the business.The webinar of today's investor event is up now on the website, hope to be enlightened further :-) |
Posted at 11/11/2014 16:47 by pvb 3. The company seems to be/have been going through a change of business from a provider of Mezzanine and debt to a VC type investor. Why change a business which has been successful for 20 years chasing what they obviously consider easier money?Surely more towards an asset management company plus Mezzanine and PE? I don't understand the full inside story on all the reasons for this but Mithras, an IT that was originally in the same area - Mezzanine finance, changed around the same time becoming a fund of funds PE investor. It is now gradually winding up and returning cash to investors. So, either City fashion, or the business environment changed. Or both. I do wonder how much these things are a matter of fashion. Dunedin Enterprise, another IT - not into Mezzanine, but VC funding - also changed over the same time frame into a FoF PE vehicle. More recently it has been changing back into it's original format. It all helps pay for some peoples salaries, I guess! |
Posted at 18/9/2014 10:08 by stemis A few things concern me about this share.1. Although the company made a PBT of £137m, £125m of it was just a transfer from reserves i.e. it was an accounting entry to recognise the crystallisation of gains taken to reserves in past years. In terms of actual 'value' created by the company in the year, it was relatively little. 2. How much of the share price support is being generated by the share buyback. When that ends what will happen to the price? 3. The company seems to be/have been going through a change of business from a provider of Mezzanine and debt to a VC type investor. Why change a business which has been successful for 20 years chasing what they obviously consider easier money? |
Posted at 12/6/2014 12:24 by lab305 pvb you are too cautious. They have put a share buyback scheme in place for up to £100m as the shares are far too cheap and they can save money by buying the shares up rather than paying 5% on them. So far they have only spent about £4.5m so plenty more to go. Around £4.80 would be a fair price not £4, and in the extremely low interest environment we are in the stock looks even more attractive. Profits are up and prospects look good for the future.Full year results: Despite reported progress at the specialist asset manager, the share price retreated in early morning UK stockmarket trading, falling by over 3%. The Chief Executive noted that "Intermediate Capital Group (ICG) has delivered a good set of results, with steady overall growth in group profits up 11% and a strong increase in third party Assets Under Management (AUM) at a time when assets have exited our portfolios at a record rate due to favourable market conditions. We continue to fund raise well and develop new opportunities for investors in line with our strategy to develop our third party fund management business." Profit at its Investment Company rose to £140.1 million compared to £107.9 million in the prior year, whilst profit generated by the Fund Management business declined to £35 million (£40.4 million). The Chief Executive went on to note that "in light of ICG's strong financial discipline and balance sheet we are increasing our dividend by 5% for this year and announcing a share buyback programme of up to £100 million as we seek to balance returns to shareholders and further investment in growing our fund management capabilities." Consensus analyst opinion currently points towards a buy |
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