ICAP Share Discussion Threads

[guidfarr] 25/11/2012 12:35

ICAP featured in latest (December) issue of Spread Betting Magazine

[guidfarr] 25/11/2012 12:35

ICAP featured in latest (December) issue of Spread Betting Magazine

[guidfarr] 25/11/2012 12:30

ICAP featured in latest (December) issue of Spread Betting Magazine

[guidfarr] 25/11/2012 12:30

ICAP featured in latest (December) issue of Spread Betting Magazine

[mrthomas] 16/11/2012 19:50

Brought in at just below £3 to see it drop a lot more but its pick up a little since then. Do not think that this is the same as Man as they do not trade and banks need them etc.
But do agree we could bein for some big swings in thenext few months held this share in the past and made money. This could be a roller coaster of a ride lets see all the best

[salpara111] 15/11/2012 11:15

I was genuinely surprised to see them raise the divi given that it does not look like it is sustainable even at the previous level.
Either they are trying to put off the inevitable or they believe that things are going to improve over the next 6 months, having been so badly hit on Man Group with its similarities to this scenario I will just sit on the sidelines here for a while.

[highlands] 14/11/2012 16:12

IMO the long term trend downwards will continue with a few short term rises in between.

[adam] 14/11/2012 15:01

Assuming 31% tax rate and £300m, then £207m post tax to FY2013. = 32p/share. So 22p divi payouts might be at risk (next year) if further downside to trading. I guess punters nervous of effects of regulatory changes and will re-rate once there is some clarity on who the winners/losers are. Has anyone got a broker note they can put up?

[dr biotech] 14/11/2012 14:51

Well my timing has been up to my normal standard.

[salpara111] 14/11/2012 14:30

I am no slave to technicals but the issue here is that the next chart support is not until 210p which is a way from the current 280.
I will keep on my watch list but would not feel comfortable getting in here yet.
Personally I think that 2013 is going to be a pretty bad year.

[adam] 14/11/2012 11:41

ICAP a good bet for a recovery share on a 5 year view. Happy to take the dividends while I wait but clearly must be one of the most vulnerable sectors if there is a significant worsening in the Euro/World financial crisis. They are doing the right things. I would buy more but I have a fair few and need to be strict over my level of exposure.

I think cheap can be summed up in these two excerpts from their trading results today.

"This has been one of the toughest periods in my 36 year career in the wholesale financial markets"

"The Company expects pre-tax profit for the full year to 31 March 2013 to be at the lower end of the analyst range of £300 million to £332 million."

For contrarians (like me) that reads like a company holding up well in a very difficult environment.

m/cap is £1.9b and they hiked the divi, so should get some interest here...

[dr biotech] 14/11/2012 11:14

Fair points. I've followed Man group for a while - I'm trying to get a better yield from my stocks and of course they flagged up. Both these co's would benefit from a more stable financial backdrop and an increase in general market confidence - its a matter of conjecture whether we are nearing that or not. Personally I am hopeful of moderate growth and more stability in the Euro zone next year.

Either way they make 3% of my holdings, so its not something to lose sleep about.

[salpara111] 14/11/2012 10:36

I got badly caught out by Man Group hedge fund manager when it appeared to be in a similar position.
Business was shrinking which was being well offset by big cost reductions.
Large divi which appeared to be well covered but the top line just keeps falling and the market has decimated the share price
I suspect that IAP are in a slightly better position but the risk now has to be to the downside until the top line stabilises.

[highlands] 14/11/2012 10:01

Dr Biotech, my only concern would be that profit warnings usually come in twos or threes.

[dr biotech] 14/11/2012 09:54

Well I am in this morning. Small position - I like that they have raise the dividend, just hope they can maintain it.

[salpara111] 14/11/2012 08:56

Well there we go!
Glad I decided to wait!
The big question now is....where does it fall to?

[salpara111] 13/11/2012 21:04

Surprised it didn't get hammered with the Tullet Prebon results last week. ICAP are due to report soon so I will wait and see what that brings.

[adam] 13/11/2012 16:24

Maintain
ICAP Buy 390 25.1% Societe Generale

[shugsy] 11/11/2012 19:04

Looks like it might test the 300 mark next week and could fall to 297 area.

[salpara111] 29/10/2012 09:55

Traded this just over a year ago for a decent return.
As posters mention the p/e and yield are both very attractive at present but like a lot of financial stocks they are suffering from a decline in their top line. I guess until this stabilises and shows some indication of turning the share price will struggle to change direction.
If it drops back to the 300 line I would be inclined to take a stake regardless of sentiment.

[rennes] 29/10/2012 09:30

Well down today - general fears - time to add some !

[jeffian] 23/10/2012 16:06

Hmmm. IAP heading for the bottom of the recent range again. Last IMS guiding us towards PBT of £307-346m for the year which I estimate is around 35-40p eps. That's a PER around 8x and a 7% divi yield. I'm tempted to add.

[rennes] 19/10/2012 21:56

More exit talk, this time of a Brexit:


The crux of the article... 'when Britain demands assurances that the new banking union will not undercut its own influence over financial regulation, others ask why London should remain the continent's pre-eminent financial centre... there have been many crises in Britain's relationship with the EU. This one feels very different'

[rennes] 19/10/2012 08:52

@Jeffian

Europhile, Smeurophile - just trying to make money from reading the runes Jeffian.
My analysis has been consistent over 12 months now and if anything all movement in that time has been in my general direction.
When will you guys get it?
You Eurosceptics have been wrong every time you made a prediction about euro crack up.
Ditch the ego and climb on board - a few blue chips and a CFD on the Euro.


Hollande yesterday in the Guardian " Euroland must now move to a consistent set of banking rules that impose Responsibility and Solidarity"
ECM this morning on Bloomberg same deal.

The impact of a Grexit on the world economy have been estimated at $17.9 trillion - far outweighing the cost of Germany supporting the weaker countries.

Wall of cash awaiting long term stability signs on the Euro - get your deals in now!...including ICAP at £3.20

[rennes] 19/10/2012 08:52

@Jeffian

Europhile, Smeurophile - just trying to make money from reading the runes Jeffian.
My analysis has been consistent over 12 months now and if anything all movement in that time has been in my general direction.
When will you guys get it?
You Eurosceptics have been wrong every time you made a prediction about euro crack up.
Ditch the ego and climb on board - a few blue chips and a CFD on the Euro.


Hollande yesterday in the Guardian " Euroland must now move to a consistent set of banking rules that impose Responsibility and Solidarity"
ECM this morning on Bloomberg same deal.

The impact of a Grexit on the world economy have been estimated at $17.9 trillion - far outweighing the cost of Germany supporting the weaker countries.

Wall of cash awaiting long term stability signs on the Euro - get your deals in now!...including ICAP at £3.20