||ORD 26 1/4P
||EPS - Basic
||Market Cap (m)
Intermediate Capital Share Discussion Threads
Showing 651 to 673 of 675 messages
|Nice TU, deserves to be much higher.
Total AUM up 3% to EUR22.6bn in the quarter, with EUR0.6bn of new third
party money raised in the three months to 31 December 2016; third party
fee earning AUM up 5% to EUR17.3bn|
|Gonna break clear of 700p, just a matter of time.|
its the oxman
|..hopefully a substantially increased dividend, which is what I think they should be paying already, following the share consolidations the last two summers.|
|"In light of the ongoing progress to grow and diversify the business, the Board has begun a review of the dividend policy and will provide a further update with the full year results."
Wonder what that's about.|
|Interim Results - HTTP://www.investegate.co.uk/intermediate-capital--icp-/gnw/notice-of-results---half-year-results-statement---/20161115091158H6984/
> Group profit before tax of £126.2m (H1 2016: £93.9m), driven by a strong period of capital gains.
> Adjusted Group profit before tax1 was £133.0m (H1 2016: £88.1m)
> Fund Management Company profits up 17% to £34.0m (H1 2016: £29.0m), with third party fee income up 26%
> Investment Company profit is higher at £92.2m (H1 2016: £64.9m)
> Interim ordinary dividend up 4.2% to 7.5 pence per share in addition to the £200m special dividend paid in August 2016
"The Board recommends an interim dividend of 7.5p, an increase of 4.2% on the prior year interim dividend. The dividend will be paid on 9 January 2017 to shareholders on the register on 2 December 2016."
"ICG now has a more diversified business than at any point in our history. As such, we are well placed to manage, and indeed take advantage of opportunities arising from the attractiveness of the alternative asset market, as well as the uncertainties arising from the UK's vote to leave the European Union. We have a long established, substantial presence in Europe operating through existing subsidiaries and will maintain multiple options for new fund licences to ensure access to EU and non EU clients. However, we do not anticipate the need for any significant organisational change and have no intention of moving our UK operations.
Overall, we remain committed to generating strong returns for our shareholders by continuing to focus on return on equity through growth whilst maintaining gearing within our target range of 0.8-1.2x. In light of the ongoing progress to grow and diversify the business, the Board has begun a review of the dividend policy and will provide a further update with the full year results."|
|Nice uptick ahead of next weeks interims on Tuesday.|
|"Intermediate Capital Group made $123.4 million from Wednesday night's block trade."
Hence the 4.5% rise at close today, presumably.|
|Final dividend (15.8p), Special dividend (63.4p) and share consolidation (8 for 9) gone through on 5th August.
|...and of course they have those Longbow property investments. ;-)|
|Given the err... rather large position I have in this I guess the further return of capital and consolidation is a welcome reduction in exposure given the current situation.
Umm... I may though have to write that letter to Mr Taxman.|
|Not very surprisingly this is one share coming off very badly in the general mayhem involving the EU.|
|Statement re Dividend Timetable - HTTP://www.investegate.co.uk/intermediate-capital--icp-/gnw/statement-re-dividend-timetable/20160622140938H2534/
The Company wishes to update the market on key dates for the Final Dividend and Special Dividend each proposed in respect of the Ordinary Shares of the Company.
Event -- Date/time
Record Date for Final Dividend -- Friday 17 June 2016
Annual General Meeting Thursday -- 21 July 2016
Record Time for Special Dividend and Share Consolidation -- 5pm on Friday 29 July 2016
Ex-dividend Date for Special Dividend -- 9am on Monday 1 August 2016
Share Consolidation becomes effective -- 9am on Monday 1 August 2016
Payment of ordinary and special dividend -- Friday 5 August 2016|
|Further to my earlier comment, can anyone explain why this special dividend is a good deal for a private investor, having to buy back one ninth of their current holding for 63.4p? (9 x 63.4 = 570.6p, against the current price of > 600p)in order to maintain the value of their holding.|
|From AGM Notice posted today on the company's website...
Ex-dividend date for the Special Dividend - 5:00 p.m. on Thursday 28 July 2016
Record date for the Special Dividend and Share Consolidation - 5:00 p.m. on Friday 29 July 2016
Effective Date and time of the Share Consolidation - 8:00 a.m. on Monday 1 August 2016
Payment of Final Dividend and Special Dividend to shareholders - Friday 5 August 2016|
|More than one director selling shares recently. Wonder why?
Better deal than special div + expected post consolidation price?|
|Thanks for the info.|
|Not sure of reason for today's drop. Liberum have today downgraded ICP to HOLD with 692p price target but can't imagine that is the reason.
XD for 15.8p final ordinary dividend is 16/6 so that is not relevant.
The following is from the Final Results rns re the proposed 63.4p special dividend:
"The special dividend, with an associated share consolidation to maintain, as far as possible, the share price before and after the special dividend, will be subject to shareholder approval at the Annual General Meeting on 21 July 2016. The ex-dividend, record and payment dates for the special dividend and the share consolidation factor will be set out in the AGM circular to shareholders."
AFAICS the AGM circular has not been released yet.
|XD is 16th June, don't know how you got 11th.
Any broker news today?|
|Having been through this special dividend process last year, I am not looking forward to more of the same, as it does not seem to benefit the private investor, what with the increased tax liability, for instance.Can anyone help me with the longer term benefit - again there doesn't seem to have been one over the last year, and with reduced number of shares, the ordinary dividend has not increased in line.|
|Profit taking today I guess, but underlying funds are growing steadily and so will future profits. Demand seems to be strong for the expertise and funds they offer|
its the oxman
|Nice business this. Happy to hold.|