Ifg Share Discussion Threads

[sammu] 11/1/2014 14:56

I think £2.40-2.50 would be a full price, and even hostile that should be sucessful.

[caveat_emptor] 11/1/2014 05:38

Since their projections would suggest a valuation of around 2.50 a share,
what would the takeout price be.....not for anoter 3 months sure..but what
would your estimate be?
£3, maybe £3.50?

[caveat_emptor] 11/1/2014 05:36

When is a Takeover not a takeover?
When Davy says it is'nt but still report all
share movements as if it is.

[sammu] 09/1/2014 22:14

So does anybody know anything about Laggan Investments Limited, which looks to be a new shareholder? Anything to do with the bidders?

[mick] 07/1/2014 17:10

Busy day for IFG in Dublin - over 800k shares traded including one trade of 434,031@ 1.79999 Eur0.

Something is certainly happening!

[mick] 07/1/2014 16:08

See this afternoon's correction to the Fiordland Investment announcement on 20th Dec. Interesting to see that they sold one lot of 6.7m IFG shares at €1.75 - I wonder was Rockhopper the buyer and where did the rest of the shares go?

[mick] 07/1/2014 16:08

See this afternoon's correction to the Fiordland Investment announcement on 20th Dec. Interesting to see that they sold one lot of 6.7m IFG shares at €1.75 - I wonder was Rockhopper the buyer and where did the rest of the shares go?

[caveat_emptor] 04/1/2014 08:03

Rockhopper Investments are up to 7.57%
Who are Rockhopper comes the question?

[caveat_emptor] 03/1/2014 08:45

"Methinks thou protested too much!"

[caveat_emptor] 25/12/2013 08:55

I would offer to buy IFG tomorrow, providing the offer was´nt
accepted.

[caveat_emptor] 25/12/2013 08:43

Was it all a ruse to move the share price?

Hardly?

[caveat_emptor] 25/12/2013 01:29

tom111
When will the declaration of the 23% owner become obligatory?

[caveat_emptor] 24/12/2013 14:26

Presumably the seller is happy and the company can now return to being properly undervalued?

[caveat_emptor] 24/12/2013 08:24

Friday´s announcement of an 'approach' for IFG Group came as little surprise to analysts at N+1 Singer, given that the company has been undervalued for an extended period of time and the sustained positive key performance indicators (KPIs) at James Hay, strong balance sheet and relative recent disposal of its International division.

However, since the approach remains highly conditional and at an early stage they opted to lower their recommendation on the stock to 'hold' from 'buy' – with a price target of 150p – following the share price movements in the wake of the announcement.

Nevertheless, they believed that any future offer should recognise the scope which exists for 'value creation based on the restructuring and cost investment which forms a foundation for significant earnings growth to come in future years.'

Thus, a valuation multiple, of nine times´ enterprise value to operating earnings [EV/EBITDA] applied to the brokers´calendar year 2015 forecasts, alongside a premium, would yield a valuation of at least 175p, N+1 Singer explained to clients on Monday. A 'compelling' valuation would have to come in north of the 190p mark, it added.

That would equate to a ten times´ calendar year 2015 EV/EBITDA ratio and represent a 37% premium to the price prior to the announcement.
- See more at:

[tom111] 23/12/2013 14:13

The question is who bought that 23%

[caveat_emptor] 21/12/2013 09:13

This was the Bregal approach in 2011

8 September 2011 | By Sam Macdonald
The James Hay Partnership says its day-to-day operations will not change if parent company IFG Group is bought by private equity firm Bregal Capital.

[caveat_emptor] 21/12/2013 09:11

James Hay parent IFG Group is in takeover talks with an unnamed firm.

IFG said the talks 'may or may not' lead to an offer to acquire the financial service firm.

IFG said: 'The board of IFG Group confirms that it has received an approach which may or may not lead to an offer to acquire the entire issued and to be issued share capital of the company.'

It said the talks were at preliminary stages and that the approach was 'highly' conditional in nature.

The board added that it could not give assurances that a formal offer would be forthcoming.

[caveat_emptor] 21/12/2013 09:11

James Hay parent IFG Group is in takeover talks with an unnamed firm.

IFG said the talks 'may or may not' lead to an offer to acquire the financial service firm.

IFG said: 'The board of IFG Group confirms that it has received an approach which may or may not lead to an offer to acquire the entire issued and to be issued share capital of the company.'

It said the talks were at preliminary stages and that the approach was 'highly' conditional in nature.

The board added that it could not give assurances that a formal offer would be forthcoming.

[mick] 20/12/2013 20:00

Wow! - A take over approach and it looks like the potential acquirer has bought Fiordland's 23% stake - a very good start if there is a bidding battle.

Excellent board in place with the likes of John Gallagher and Colm Barrington. This could be quite interesting and lucrative!

[caveat_emptor] 07/11/2013 07:55

You were right Morigam, just your timescale was a little out!

[morigam] 29/8/2013 15:49

looks like there's quite a bit going on - here's an interview on their interims with the CEO

[wexboy] 26/4/2013 04:31

2013 – The Great Irish Share Valuation Project (Part XI)

I take a look at IFG Group, plus a batch of other Irish stocks:



Cheers,

Wexboy

[caveat_emptor] 05/11/2012 07:13

Should break the £2 barrier now!!

[caveat_emptor] 12/10/2012 09:48

FINANCIALS
IFG Group (IFP LN)
Price: 113p Rating: Neutral Issued: 16/09/11 Previous: Outperform Issued: 04/03/10
Hargreaves Lansdown continues to outperform
Emer Lang
FACTS: Hargreaves Lansdown (HL) has published (October 12th) an IMS covering the period to October 11th including trading
results for the three months ended September 30th. Assets under administration (AUA) rose by £2.2bn in the quarter to
£28.5bn (up 8% or 28% year-on-year) with revenues up 20% on the comparable quarter in 2011.
ANALYSIS: Much of the growth in HL's AUA relates to its flagship 'Vantage' service, the group's direct-to-private-investor
platform, which accounts for £26.7bn (94%) of its £28.5bn AUA. The £26.7bn under administration includes £8.2bn in SIPPs,
£10.7bn in ISAs and £7.8bn in funds and shares. The number of active Vantage clients increased by 7,000 (Q1 2011: 8,000)
over HL's first quarter, from 425,000 at June 30th to 432,000 at September 30th. Vantage also led revenue growth, up 22% to
£53.7n and accounting for 78% of overall revenues of £68.7m in the quarter. HL notes that the beginning of the second
quarter has seen considerably improved activity in the way of new investment opportunities and reiterates its confidence in
growing the business further to the benefit of its clients and shareholders.
DAVY VIEW: The UK market has been generally challenging for wealth managers/pension providers with a number of players
citing difficult economic and market conditions, competition and regulatory developments (particularly the Retail Distribution
review, RDR) as issues. Nonetheless, HL continues to grow its business, noting that for it the competitor impact "remains
negligible" and that there have been no further regulatory developments relating to the RDR.
In IFG's case, the challenge remains to build momentum in its UK SIPP business to a level where new business exceeds the
expected transition in the legacy James Hay book (in H1 1,046 new SIPPs fell short of attrition of 1,703). Trends in the SIPP
business will be a key focus for investors when the group issues its IMS in November.
Company summary and analysis

[caveat_emptor] 31/8/2012 08:38

I can't figure out where the 20 million has gone.....
they say nett cash of 50 mil but they sold for 70?

30 million back to shareholders means about 30p a share?

40 euro cents?