Ifg Share Discussion Threads

[caveat_emptor] 07/5/2014 06:10

DAVY VIEW
IFG has announced the appointment of Paul McNamara as its
new CEO. Currently Managing Director of Investments and
Insurance at Barclays, McNamara has significant experience
working in the financial services industry. He will join IFG on
July 28th.

AGM is on May 7th
IFG has announced the appointment of Paul McNamara as its new CEO. An actuary by
profession, McNamara previously held senior roles at Standard Life Group, HBOS (Lloyds),
AXA UK, McKinsey and Bank of Ireland.
During 2013, IFG embarked on a four-year strategic plan to substantially increase its
investment in the business (in people, technology and operational capability) with a view
to positioning James Hay (JH) to become a market leader in scale, product offering and
client service in the UK platform arena. Market growth estimates have been increased
significantly in the aftermath of the recent UK budget, and a broadening of JH's product
range – to offer a Modular ISA and a Modular GIA – leaves it better placed to compete as
a broader retirement wealth planning operator. The group is likely to provide a brief
update at its AGM on May 7th.

[caveat_emptor] 31/3/2014 17:42

IFG's issued share capital consists of 104,507,665 Ordinary Shares of nominal value of EUR0.12 each with voting rights. IFG does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in IFG is 104,507,665 Ordinary Shares.

[caveat_emptor] 30/3/2014 07:32

Will the bidder now reappear....certainly not an MBO
Any more?

[caveat_emptor] 28/3/2014 11:34

Not surprised really, must be one of the top divvies on the ISEQ.

[caveat_emptor] 28/3/2014 11:33

Davy from neutral to outperform.
5
Davy
Research
Broader modular offering enhances
prospects
DAVY VIEW
SIPPs are set to remain at the core of the platform of IFG's key
subsidiary, James Hay. However, the expansion of its product
range to offer a Modular ISA and a Modular GIA positions it as
a broader retirement wealth planning operator at a time when
platform market growth estimates have been raised
significantly in view of the recent budget measures. Investment
spend will continue, but an element of frontloading kept a lid
on earnings in 2013 and paves the way for a rebound in
2014/2015. While leaving our
estimates broadly intact at this
juncture, we are raising our rating to 'Outperform'.

[caveat_emptor] 27/3/2014 11:43

Goodbody likely to up their 2.05 target.

[caveat_emptor] 27/3/2014 07:21

Interesting to see the Davy and Goodbody notes this morning.
One wonders if the recent interest in the company was from
the inside?

[caveat_emptor] 24/3/2014 09:09

DAVY VIEW
The key results focus will be on business momentum in IFG's
core UK franchises against the backdrop of the significant
investment the group has undertaken at its SIPP subsidiary,
James Hay. In addition, investors will be keen to hear
how the group is positioned to take advantage of the new flexible
pensions and improved ISA regimes proposed by the Chancellor
in his recent budget, with platform specialists Platforum
predicting that both advised and non-advised platforms are set
to win big from the new measures.

[caveat_emptor] 23/3/2014 18:06

Goodbody Morning Wrap

21 Mar. 14
IFG Group
Focus on continued momentum
IFG is due to release FY13 results on March 27. The company indicated in its
November IMS that trends of the first half had continued. For H113, it reported adjusted EPS of 3.55p EPS and for FY13 we are forecasting 7.2p (8.6p on a Goodbody adjusted basis), from revenues of £77.3m and EBIT of £6m. We expect a net cash figure of £25m and DPS to remain
unchanged at 3.6p. IFGs most recent IMS indicated it achieved its annual SIPP target 12 months ahead of schedule, Saunderson House client wins increased by 50% and it recently announced the
disposal of some of its non core assets. Much of this performance will have been offset by
continued investment, particularly in key managerial positions, although the vacancy for
departing CEO Mark Bourke is yet to be filled. Pricing in the D2C SIPP market remains under
pressure and we will be looking for evidence pricing at James Hay remains steady. Further,
we expect continued momentum in the SIPP business and evidence Saunderson House has
continued its strong performance into 2014.
IFG Group is trading on 12x FY15 PE compared to 14x for its closest peers. Given
similar growth rates, this looks overly punitive. We value IFG on 14x FY15 PE
which generates a price target of €2.05. We remain positive on IFG and expect to
see cash accumulate over the forecast period following a period of significant
investment, which should lead to further returns to shareholders. BUY

[caveat_emptor] 14/3/2014 09:12

IFG Group PLC Stock Rating Reaffirmed

reiterated their buy rating on shares of IFG Group PLC (LON:IFP) in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports.

IFP has been the subject of a number of other recent research reports. Analysts at upgraded shares of IFG Group PLC to a buy rating in a research note on Wednesday. They now have a GBX 150 ($2.51) price target on the stock. Finally, analysts at reiterated a buy rating on shares of IFG Group PLC in a research note on Wednesday, December 18th. They now have a GBX 150 ($2.51) price target on the stock.

IFG Group PLC (LON:IFP) opened at 140.18 on Wednesday. IFG Group PLC has a 52 week low of GBX 108.00 and a 52 week high of GBX 161.00. The stock has a 50-day moving average of GBX 142.7 and a 200-day moving average of GBX 129.9. The company's market cap is £145.7 million.

IFG Group plc (LON:IFP) is engaged in the provision of financial services, and corporate and trustee services.

[caveat_emptor] 14/3/2014 09:07

Shareholders like me I suppose have to be grateful that the analysts
have now consolidated the share price at 150, but one can't help being cynical
at the contruved manner in which the rerating was arrived at, having
to be wrangled by the shorts and curlies up from 110 area by a phantom
bidder, who was never named...

[caveat_emptor] 13/3/2014 09:09

In a statement, the Dublin-headquartered company said it has sold IFG Financial Services to Ascot Lloyd for £3.5 million in cash, which could potentially rise by a further £2.1 million if certain revenue targets are met.

[caveat_emptor] 12/3/2014 17:41

Not any more they dont....
never was more than a ruse....

[caveat_emptor] 21/1/2014 14:46

We wont be told who the bidder is or was, yet the Takeover Panel
still have the fact on their list.

[mick] 20/1/2014 14:47

See article below from yesterday's Sunday Business Post - helps to explain a little about what has been happening to the various shareholdings in IFG.

Not sure I understand where it is all leading to but I hope that this helps fellow investors.

03:55, 19 January 2014 by Jon Ihle
The investor who led a transformative recapitalisation of financial services group IFG has begun selling down his stake after a flurry of recent corporate activity at the company, including a takeover approach and the departure of its chief executive.
Edmund Truell, the British financier and entrepreneur behind Fiordland Investments, the syndicate that backed IFG's acquisition of James Hay Group in 2010, reduced his personal shareholding in the company this month from 7.57 per cent to 6.98 per cent, realising more than €1 million.
The move, which occurred in a series of transactions running from January 3 to January 10, happened as stock market disclosures revealed that the Fiordland partnership broke up just before Christmas when IFG was the subject of a speculative approach from an unknown acquirer.
The dissolution of Fiordland means its original investors, including chairman John Gallagher, are free to buy or sell their shares without the agreement of the other partners.
That development could prove significant if another potential buyer emerges for IFG, as Fiordland had a 19 per cent stake and exerted considerable influence over the board.
Gallagher owns 6.28 per cent of IFG through his investment vehicle, Crownway. Truell's stake is held under Rockhopper Investments, while Laggan Investment s owns the remainder of the original Fiordland holding.

[caveat_emptor] 15/1/2014 22:05

Theres an awful lot going on for a company,
where not much is going on!!!

[mick] 15/1/2014 21:20

CE - any views on what's going on here at IFG? Thanks

[caveat_emptor] 15/1/2014 20:53

[ ] an event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation: Crownway Capital
4. Full name of shareholder(s) (if different from 3.): Aurum Nominees Limited

[mick] 15/1/2014 17:24

CE - as I understand it Crownway is a John Gallagher company - Gallagher is as I recall the Chair of IFG.

[caveat_emptor] 15/1/2014 17:08

Aurum has just announced a 6 point something stake...
Is'nt that DD?

[caveat_emptor] 14/1/2014 10:59

Rockhopper(Barclays Wealth) up to 7.57%

Just enough selling in reply to keep the lid
on this one.

[caveat_emptor] 14/1/2014 10:21

Got it!!!


Disclosure Table

[caveat_emptor] 14/1/2014 10:15

The way the institutions keep reporting all trades one would think
this company was actively subject to the Rules of the Takeover Panel?

Yet I dont see it listed in the Takeover Panel's daily disclosure/update?

[mick] 11/1/2014 17:12

I agree Sammu.