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ICP Intermediate Capital Group Plc

2,054.00
-6.00 (-0.29%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intermediate Capital Group Plc LSE:ICP London Ordinary Share GB00BYT1DJ19 ORD 26 1/4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -0.29% 2,054.00 2,051.00 2,052.00 2,089.00 2,050.00 2,071.00 464,680 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 737.1M 280.6M 0.9801 20.93 5.87B
Intermediate Capital Group Plc is listed in the Security Brokers & Dealers sector of the London Stock Exchange with ticker ICP. The last closing price for Intermediate Capital was 2,060p. Over the last year, Intermediate Capital shares have traded in a share price range of 1,152.00p to 2,109.00p.

Intermediate Capital currently has 286,293,727 shares in issue. The market capitalisation of Intermediate Capital is £5.87 billion. Intermediate Capital has a price to earnings ratio (PE ratio) of 20.93.

Intermediate Capital Share Discussion Threads

Showing 376 to 399 of 975 messages
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DateSubjectAuthorDiscuss
18/1/2012
14:31
It is more capital to lend on to companies starved of funds by the banking crisis. Logically the company thinks the ROC on lending is higher than on the IP business or it would not have sold.
hieronymous1
18/1/2012
14:26
That is indeed a significant capital gain. Does the deal further underscore the company and an investment in ICG7 or weaken it?
seekerofvalue
18/1/2012
14:12
here you go :-
Wednesday 18 January 2012


Intermediate Capital Group plc announces a significant capital gain

Intermediate Capital Group plc ("ICG") announces the sale of its stake in CPA Global. The transaction is subject to the approval of a Scheme of Arrangement in Jersey and regulatory clearances, and is expected to close by the end of the first quarter of 2012.


The transaction will generate total proceeds of £387 million for ICG plc and the funds advised by ICG. Upon completion ICG plc will receive total cash proceeds of approximately £113 million. The transaction will result in an additional £43 million capital gain for ICG plc, which will be booked in the second half of the current financial year.

v11slr
18/1/2012
11:38
Not really to do with yesterday's update, this rise is because of this :-
v11slr
18/1/2012
11:26
Good follow through to yesterday's update
18bt
18/1/2012
09:06
O.K.,O.K.!
davebowler
17/1/2012
10:37
Cracking update. Nervousness wills persist, but thE lack of capital in the European banking system is creating huge and highly profitable opportunities. I see massively more upside than downside on a 12 month view
18bt
17/1/2012
10:37
Cracking update. Nervousness wills persist, but thE lack of capital in the European banking system is creating huge and highly profitable opportunities. I see massively more upside than downside on a 12 month view
18bt
17/1/2012
08:35
Interim Management Statement
for the three months to 31 DECEMBER 2011

Intermediate Capital Group plc (ICG) releases its Interim Management Statement for the three months to 30 December 2011

Fund Management Company
Assets under management remained stable over the period, at €12 billion.

Mezzanine Funds
Our mezzanine portfolio continues to perform well.
The last quarter of 2011 saw a very low level of activity in the European private equity industry due to the uncertain economic outlook and, above all, to the absence of senior debt financing. We are seeing evidence that European banks are further retrenching from LBO financing. As a result, private equity sponsors are now focussing on the refinancing risk of their portfolio companies and we have seen a material pick up in the pipeline of potential new investments in capital restructurings of solid companies.

In addition, there is an uptick in the number of ICG-sponsored pipeline opportunities in Europe and Asia Pacific. Our Asia Pacific 2008 Fund supported Ventura Motors, a leading urban buses operator in the Melbourne area, in its acquisition of Grenda Motors in the quarter and is now 45% invested. This is our first ICG-sponsored transaction in Australia.

We continue to market our European Fund V and are making progress towards a next closing.

Credit Funds
Our loan and High Yield bonds portfolios are also performing well.

We have experienced no defaults during the quarter and our loan funds continue to deliver a strong performance. In the period we have won another segregated mandate to manage a €100 million portfolio of senior loans on behalf of a European institution.

Investment Company
Repayments and capital gains
The Investment Company (IC)'s portfolio performance remains solid.

No additional exits occurred over the period but a number of processes remain on track for completion in the period. Repayment of principal for the first nine months of the year totalled £307 million. In addition, we crystallised £84 million of rolled up interest.

New Investments
New investments for the IC totalled £34 million during the period, primarily in the Ventura transaction, bringing new investments for the first nine months of the year to £111 million.

Balance Sheet
We raised £35 million in December through a Retail Bond, further diversifying our funding sources. The balance sheet remains strong with unutilised bank lines of £724 million at 31 December 2011.

davebowler
08/1/2012
15:18
Looks like I am back in here again. I think the current share price is easily sustained & an 8% yield cannot be ignored.

See you soon - Barlick

barlick
14/12/2011
16:09
If this goes below 200p, then I will be buying.
rcturner2
12/12/2011
15:03
FSA crackdown on understated property risks


Banks will have to cut their property lending or increase their interest rates. More customers for the Longbow subsidiary.

hieronymous1
09/12/2011
14:52
Research article on its new bond issue;
davebowler
07/12/2011
09:25
From UK-Analyst.com: Tuesday 6th December 2011

Shore Capital reiterated its "buy" recommendation following rumours that it is looking to sell its patent management subsidiary CPA Global. The target price of 700 million pounds represents a significant return on the estimated value of around 400 million pounds at the time of acquisition two years ago. Additionally, Shore calculates that the market values the company's portfolio of equity and debt investments below its book value, which it believes is overly pessimistic.

blippy2
02/12/2011
16:20
New issue of 7% unsecured Bonds by ICP
davebowler
22/11/2011
11:12
5th biggest riser of the day now - brilliant!
rcturner2
22/11/2011
10:06
Intermediate Capital pre-tax profits up
StockMarketWire.com
Intermediate Capital Group posts interim pre-tax profits of £108.8m for the six months to the end of September - up from £105.1m last time.

The group's fund management company made a pre-tax profit of £17.1m - up from £16.9m - while pre-tax profits from the investment company rose to £91.7m from £88.2m.

The group said its investment portfolio remained resilient and the dividend is unchanged at 6.0p per share.

CEO Christophe Evain said: "We are pleased to announce another solid set of results which is evidence of the strength of our investment portfolio and fund management franchise. Given the uncertain economic outlook we remain focused on preserving our strong performance track record.

"As the majority of traditional lenders continue to retrench from the credit market, we also see considerable opportunities emerging to acquire debt at attractive discounts in a distressed market, to provide finance to existing buyouts to restructure their overgeared balance sheet and to offer reliable financing solutions for new transactions, thereby delivering high returns to our institutional investors.

"The progress made on fundraising in a difficult environment is also a testament to our fund management franchise."

davebowler
22/11/2011
09:03
But who by?
pvb
22/11/2011
08:48
This is now an easy take over candidate for the often mentioned private equity as a part of vertical integration and to strip out the Fund Management Company. Could probably get it for under 300p
liquidkid
22/11/2011
08:34
Looks well undervalued, but can't see a re-rating until the Euro denoument. However, that looks increasingly close.
18bt
22/11/2011
08:22
Amazing really, yielding over 8% at this level and well covered.
rcturner2
22/11/2011
08:07
in the current state of the markets very good results !
enia
22/11/2011
08:02
Good results.
rcturner2
28/10/2011
08:02
Half Year Results on Tue 22 November 2011
realisations during the period have generated substantial free cash flow. We
believe that the rate of realisations is likely to slow down in the second half due to market volatility but we have a number of ongoing exit processes which remain on track.

liquidkid
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