Share Name Share Symbol Market Type Share ISIN Share Description
Ifg Group LSE:IFP London Ordinary Share IE0002325243 ORD EUR0.12
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 165.25p 161.00p 169.50p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 52.5 6.3 4.4 31.8 174.18

Ifg Group (IFP) Latest News

Ifg Group News

Date Time Source Headline
13/9/201607:01UKREGIFG Group PLC Change of Group Chief Executive
25/8/201607:02UKREGIFG Group PLC Board Changes
25/8/201607:01UKREGIFG Group PLC Half Yearly Report
24/8/201614:52UKREGIFG Group PLC Holding(s) in Company
18/8/201617:30UKREGIFG Group PLC Holding(s) in Company
18/7/201615:15UKREGIFG Group PLC Notice of Results
12/7/201611:00UKREGIFG Group PLC Block Listing Six Monthly Return
11/7/201617:30UKREGIFG Group PLC Holding(s) in Company
14/6/201617:32UKREGIFG Group PLC Holding(s) in Company
08/6/201617:30UKREGIFG Group PLC Holding(s) in Company
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Ifg Group (IFP) Discussions and Chat

Ifg Group Forums and Chat

Date Time Title Posts
22/5/201615:40IFG in Takeover talks for Christmas51
20/12/201320:00Growth rate 90% P/e of 9. INTERESTED? LOOK!181
16/11/201011:23IFG Group PLC16

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DateSubject
29/9/2016
09:20
Ifg Group Daily Update: Ifg Group is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker IFP. The last closing price for Ifg Group was 165.25p.
Ifg Group has a 4 week average price of 164.40p and a 12 week average price of 174.58p.
The 1 year high share price is 188p while the 1 year low share price is currently 0p.
There are currently 105,405,665 shares in issue and the average daily traded volume is 4,604 shares. The market capitalisation of Ifg Group is £174,182,861.41.
22/5/2016
15:40
mick: Nice solid progress in the IFG share price.
11/5/2016
12:20
mick: Solid trading update this morning. Share price supported by good earnings growth and 3% dividend. I still believe that IFG will be an attractive takeover target within the next 12 months.
25/12/2013
08:43
caveat_emptor: Was it all a ruse to move the share price? Hardly?
24/12/2013
08:24
caveat_emptor: 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: http://www.ifamagazine.com/news/broker-tips-serco-berkeley-group-ifg-290026#sthash.wOfF0JOv.dpuf
02/2/2007
13:59
xavico: Does Dublin have its own share price and if so how is it linked to the LSE price?
25/9/2005
17:30
lbo: The Sunday Times - Business September 25, 2005 The Sunday Times Sharewatch: Mortgage broker must prove it's fixed SHOULD YOU BUY SHARES IN IFG GROUP? IFG Group is Ireland's biggest mortgage intermediary, broking about 8% of new mortgages by value in 2004 through a subsidiary called Mortgage Business Solutions. Headed by Richard Hayes, it provides a range of other independent financial advisory (IFA) services, including administration, trustee and actuarial services for small self-administered pension schemes and self-invested personal pension plans. It has subsidiaries in the UK, Isle of Man and the Channel Islands. The company's share price has performed poorly in recent years, after IFG exited its troubled endowment trading business, restructured its UK IFA businesses, and focused on debt reduction. Its share price has rebounded this year, however, on the back of strong growth in its Irish mortgage broking business and a €21m cut in its debt. The two experts below have been selected for their skills in several investment areas. They, or the funds they manage, may hold shares in the companies or sectors discussed. Pramit Ghose, head of investment strategy, Bloxham Stockbrokers IFG is a classic example of a company that ended up burdened with debt and underperforming businesses after a bold attempt to build scale turned sour. IFG's share price at €1.31 is still 65% below its July 2001 high of €3.75. Being heavily exposed to the UK endowment and IFA business at a time when those markets fell out of favour severely bruised the group. Since then, IFG has steadied the ship through a huge programme of debt reduction and divestments. By concentrating on growth in Ireland and its international businesses, stability has returned. IFG's shares have risen by 73% since the start of the year as investors re-evaluated its growth prospects following the restructuring period. Back in July, IFG said its profit was set to double by 2007. This will be achieved by concentrating on international corporate trustee/administration services and lending in Ireland. That doubling in profits would equate to earnings per share of 20c in 2007. This year should see an EPS figure of more than 12c. By implication, 2006 and 2007 could see yearly earnings growth of 30%, if no further mishaps occur. IFG does have a number of solid growth engines. The MBS mortgage broking business and title insurance, when combined with the international corporate trustee and administration business, provide a solid platform for sustainable growth. Last November, IFG issued a profit warning three months after its 2004 interim results. Delivering on its own financial targets is a crucial first step in rebuilding investor confidence. The group publishes its interims results on Wednesday. Market focus will centre on how IFG's UK businesses are performing. Since hitting €1.44 in August, IFG has fallen back by 9%, putting the group on a price/earnings ratio of 10.4 times 2005 earnings. If next week's results are strong, IFG should outperform over the short term. Judgment: hold Anna Lalor, equity analyst, Goodbody Stockbrokers IFG's share price is up almost 40% since its 2004 full-year results were published in April. The repeated reassurance by Richard Hayes, its chief executive, that it plans to double earnings by 2007, alongside the continued strength of the Irish mortgage market in the first half of this year, appear to be the main drivers. IFG's international trustee division, the Irish mortgage intermediary business and the UK actuarial and pensions business have been consistently strong performers. However, the earnings growth delivered by these divisions has been eroded by volatile earnings in the UK IFA business, the discontinued pension release business and the discontinued investment business. It is this track record that brings a degree of uncertainty to earnings growth expectations. Encouragingly, IFG has indicated that it does not intend to pursue further acquisitions and it is on the way to reducing its debt obligations. It is also reviewing its UK operations. Cheques issued by lenders to IFG's Irish mortgage intermediary clients grew 39% in the first half of 2005, against growth in the mortgage market of 26%. This positive top-line growth should impact the earnings line, but its effect will be diluted with 50% of the main mortgage intermediary earnings going to its joint venture partner, GE Capital. In addition, IFG last year grew the revenue line of this business by 35%, but operating profits dropped by 13%. This may have been a one-off, but we need to see evidence to the contrary before we change margin expectations. Poor performers have eroded IFG's strong core businesses' profits in the past and, while there are early signs that this may improve, we need to see evidence of a consistent reduction in earnings volatility before we become more comfortable with the stock. These results could be an important step in this process. Judgment: Add with a price target of €1.40 THE FIRM AT A GLANCE Share price: €1.31 Market cap: €31m Year end: Dec 05 EPS forecast: 12.1c Dividend forecast: 2.5c
04/8/2005
16:51
lbo: Yeah I was buying at the lows. I hear managemnent have really turned this around. http://www.rte.ie/business/2005/morningrep/download/0804davy.pdf IFG (IFP ID) Significant contract underpins our new one-year share price target of 140c Previous close: 127c Price target: 140c Analyst: emer.lang@davy.ie IFG announced on August 3rd that its international division has entered into a three-year contract with one of its existing clients for the provision of management and secretarial services. Under the terms of the deal it has received an upfront payment of £7.5m (€10.9m) which will be spread over the three-year period. In the context of the €18m of revenues generated by the international division in 2004, the contract is significant. The division generated operating profits before goodwill of €5.3m in 2004, equivalent to 30% of revenues. Assuming a similar operating profit margin, the deal would add over €1m to profits each year and also help to speed up the group's debt reduction programme a bit. The news underpins our recently upgraded one-year share price target of 140c. For further detail, see our note issued August 2nd. The day before IFG (IFP ID) Raising our price target to 140c Previous close: 124c Price target: 140c Analyst: emer.lang@davy.ie IFG proved to be the top-performing Irish financial stock in July, up 26% in the month, bringing the year-to-date gain to 60%. This partly reflects the fact that IFG had been left behind by a strong sector. It also reflects growing confidence in earnings estimates (12c this year and 14c next year, versus 10c in 2004) against a background of more positive newsflow. IFRS is expected to delay interim results until the end of September but in the meantime, to reflect the improving environment and with all the other Irish financials currently trading on double-digit 2006 P/Es, we are raising our one-year price target to 10x our 2006 estimate, or 140c. For further detail, see our note issued August 2nd.
05/4/2005
16:13
lbo: Looks like profit taking today after recent run up. Todays note from Dolmen IFG Group (€1.03) 2004 results announced Stuart Draper  Results announced : This morning, IFG Group reported results for the year ended 31/12/04. Earnings per share of 10.24c was in line with the consensus forecast of 10c, and was largely flat on the 10.5c of 2003, with the strong growth of the International and Irish businesses being held back by some year on year profit declines at the group's UK businesses.  UK recovery : However, helped by the recent appointment of a new CEO for its UK businesses, it was indicated that this division, which contains pension release, actuarial and IFA units, is likely to show some recovery in 2005.  Debt reduction : When combined with further growth at the international and Irish businesses, this means that strong overall group growth is likely to resume in 2005. The results also showed net debt reduction of €20.8m over the course of 2004, leaving year end net debt at €36.7m.  2005 growth : The consensus forecast is that IFG will generate earnings per share of 12c in 2005, representing strong growth on the largely flat result for 2004. When the market becomes comfortable that such earnings growth will resume in 2005, the shares should achieve another re-rating.  Further upside : As a result of the prospect of this growth resuming in 2005, we recently upgraded our current 12 month share price target for IFG from €1 to €1.20 (17% further upside), which is based on 10x consensus 2005 earnings per share of 12c. IFG's share price has risen by 32% since our BUY note of 26/11/04 : BUY.
30/3/2005
08:19
lbo: Yestredays Dolmenn research note IFG Group (€1) Upgrading price target Stuart Draper Results preview : Next Monday, 4th April, IFG Group will report results for the year ended 31/12/04. Earnings per share of 10c is forecast, a very similar result to the 10.5c of 2003, with the strong growth of the International and Irish businesses being held back by some year on year profit declines at the group's UK businesses. UK recovery : However, helped by the recent appointment of a new CEO for its UK businesses, this division which contains pension release, actuarial and IFA units, is likely to show some recovery in 2005. Debt reduction : When combined with further growth at the international and Irish businesses, this means that strong overall group growth is likely to resume in 2005. Next Monday's results are also likely to show net debt reduction of c.€20m over the course of 2004, leaving year end net debt at c.€38m. 2005 growth : The consensus forecast is that IFG will generate earnings per share of 12c in 2005, representing strong growth on the likely flat result for 2004. If the market becomes comfortable next week that such earnings growth will resume in 2005, the shares could achieve another re-rating. Further upside : As a result of the prospect of this growth resuming in 2005, we now upgrade our current 12 month share price target for IFG from €1 to €1.20 (20% further upside), which is based on 10x consensus 2005 earnings per share of 12c. IFG's share price has risen by 28% since our last BUY note of 26/11/04 : BUY.
20/2/2004
11:52
steam belcher: 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.
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