Ifg Share Discussion Threads

[andysand] 06/10/2004 08:55

So after exhaustive searching, I have found an undiscovered gem! It is based in Dublin and has the following statistics. They are a financial services company and their website is here:

www.ifggroup.com

Growth in EPS expected this year is 35% and 46% nest year!

Projected P/E 9.42

Projected PEG 0.20

Projected Yield 2.61

You'd be daft not to get some IMO!


Andy

[targatarga] 06/10/2004 08:52

hello. weird company paying divs in euros. unless you have a huge holding bank charges eat up all divs. regards

[andysand] 06/10/2004 08:43

hellooooooooo

[andysand] 06/10/2004 05:44

Anyone else here?


Andy

[red square] 02/4/2004 08:03

a few buyers have appeared in recent days
results yesterday:

LONDON (AFX) - IFG Group moved into a profit in the full year 2003 despite
many of its main core activities, particularly in its international and Irish
businesses being hit by the regulatory review costs and restructuring of its
pension release business in the UK.
The group posted a pretax profit of 1.67 mln eur against loss 32.79 mln, on
sales of 91.71 mln eur against 91.80 mln.
A final dividend of 1.57 cents was declared, making a total dividend of 2.30
cents, up 4.5 pct.
Commenting on the results, Richard Hayes Chief Executive, said "The past two
years have been very difficult. However, I believe that we now have the
necessary quality of people, the market position and the ambition to achieve
significant growth in the future."
It added it has made a provision of 2.7 mln eur in respect of its pension
release businesss Berkeley Jacobs.
For the past year, it has been the subject of a regulatory investigation by
the FSA into its sales and compliance procedures.
The company was fined 175,000 stg in February 2004 and agreed to carry out a
review of its business conducted over the last two years.

[steam belcher] 20/2/2004 11:52

They own Berkeley Jacobs who have just been fined £175k plus £1m of review costs - hasn't hit the share price yet. News release on FSA web site dated 11.2.04.

[trawl] 06/8/2003 22:08

this co has approx 8% market share in irish home loan market any co interested in this area would see ifg as an easy and cheap entry into this area or a way of expanding share of market for small number of lenders already involved.

[dundanion] 03/6/2003 16:30

I would buy at about .55eur, and let go at .7eur

[ally42] 23/1/2003 00:50

Does anyone have any views on this company? IFG looks so cheap and Fidelity has been increasing its stake.

[artful investor] 14/8/2001 14:37

DO the final results that Inter-Alliance last released suggest that their growth drying up?

Results in brief:

Turnover up 235% to #30m (1999: #12.8m)
* Profit #0.4m on ordinary activities before exceptional items (1999: loss
#1.1m)
* Group Cash position #20m at year end (1999: #7.1m)
* Group Net Assets up 233% to #29m (1999: #12.2m)
* Number of practitioners up 196% to 1242 in operation in the UK (1999:
634)
* Number of practices up 152% to 70 in operation in the UK (1999: 46)
* Average per capita revenues achieved of #60,000, with experienced
practitioners earning an average of #135,000

Can't believe that their share price has been hammered so much, without a negative statement being released explaining why. I know the house MM Bell Lawrie white has been doing anything so they can generate more turnover in the stock (by lowering the price), but at nearly £1 a share is nearly where the company started at!

[mpage] 14/8/2001 14:19

You're not comparing like with like - that's why.

IFG buys these businesses on x3-x4 earnings and presents itself as a fast growing acquisition led growth company deserving of a high p/e because of the recurring revenue stream it is building up. There are not that many exit routes for well run IFA businesses.

Compare with Hanson which also used to buy earngins at x5-x7 and immediately turn them into Hanson earnings which commanded a higher p/e.

IFG is pretty unknown in the UK (most of the coverage is still from Irishbrokers).

Contrast with IFA Network - lots of costs, possible risk of future regulatory fines, not much of a bottom line etc. And of course it used to be on a sky high p/e which measn disillusion will be painful.

[artful investor] 14/8/2001 11:41

Anyone know why these seem to be performing well whilst Inter-Alliance, the UK's largest IFA network are being battered?

[mpage] 14/8/2001 10:55

Irish company buys up small UK financial services businesses (IFAs, ISAshop , etc). Recently got a London listing.

[hilly] 18/7/2001 09:25

Can anyone please tell me anything about this company?

Hilly

[reetus] 15/1/2001 22:37

Up today, but no trades????????