Tullett Prebon Share Discussion Threads

[tom111] 09/10/2015 17:44

Probably over reaction or a tree shake to get cheap shares from weak holders.No mention of Tullett being involved in any way at all.If Tullett were involved in would be out in the open by now,no worries

[ygor706] 09/10/2015 08:58

With a former Tullett trader currently being tried in London over the LIBOR rigging scandal, I think that the market may be concerned that something could be said that harms the interests of his former employer. The last thing that we need is for TP to face fines or get involved in fighting off a series of class actions.

[blueliner] 08/10/2015 20:08

tom111
held TLPR for nearly 3 years as an income stock tucked away in ISA.
don't seem to be able to let go of it.

[hybrasil] 08/10/2015 10:50

tom111
you seem to be talking to yourself here so I thought I would join you.

Its a good yield and I suspect will trade not below this range for some time.

[tom111] 07/10/2015 16:37

sp so unpredictable?

[tom111] 09/9/2015 11:54

real value here

[tom111] 08/9/2015 10:32

nice rally,just a matter of time really 400p plus in sight now

[tom111] 04/9/2015 14:25

Guess we will have to wait for the next update but at this price imo its too cheap

[tom111] 03/9/2015 15:56

looks like that was the bottom

[tom111] 03/9/2015 09:27

when the penny drops this will take off,good price to be in at.Double bottom formed

[quepassa] 03/9/2015 09:03

I find it hard to imagine a gathering set of market conditions which could conceivably be better for Tullets.

My view is that after the relative famine over the last few years for the brokers and for the demand of financial/hedging products that they will soon be experiencing a feast of unprecedented proportions.

The monetary planets appear to me to be about to align fantastically for a phenomenal pull for financial broker products.

ALL IMO. DYOR.
QP

[tom111] 01/9/2015 16:55

extreme oil volatility must be helping higher profits as well

[tom111] 29/8/2015 10:12

british bulldog has signalled a buy on this stock now after the drop

[tom111] 28/8/2015 13:55

So much volatility recently they must be doing well.Time is getting near for interest rises which will help

[tom111] 26/8/2015 12:23

Bought in here looks a bit oversold anyway good divi

[quepassa] 13/8/2015 12:18

MASSIVE INCREASE yesterday in TARGET PRICE by MORGAN STANLEY who issue Broker Note and

REITERATE their HOLD recommendation and INCREASE TARGET PRICE by almost 100% (from 270p ) to 433p.


ALL IMO. DYOR.
QP

[makinbuks] 05/8/2015 18:24

The 8th anniversary of me buying these at £4.05 is next month, nice to see them back at that level. At the time I thought they would be a good hedge during the financial turmoil benefiting from volatility. Didn't work out but the dividends have been better than cash

[quepassa] 03/8/2015 16:44

Strong start to the month for Tulletts with a price move up to 412p.

Positive article in this week's Investors Chronicl which correctly points out that Tulletts continues to trade at a discount to competitor ICAP who trade on a tighter p/e ratio than the 12x of Tulletts.

I would expect this discount to narrow in due course and for this to be reflected in an increased share price in short order given the robust standing and outlook of the business.

ALL IMO> DYOR.
QP

[quepassa] 31/7/2015 14:17

Good to see 400p again.

Good momentum this week following the buoyant half year figures and outlook.

ALL IMO. DYOR.
QP

[quepassa] 29/7/2015 13:53

BARCLAYS issue broker note today and REITERATE their EQUAL WEIGHT recommendation

and INCREASE THEIR TARGET PRICE (from 365p) to 385p

Good news, but I see it much higher.


ALL IMO> DYOR.
QP

[quepassa] 28/7/2015 13:19

NUMIS today issue broker note and REITERATE their ADD recommendation with a maintained PRICE TARGET of 420p.


It would not surprise me if we get some upgrades from other brokers in coming days on back of such good half-year results.

ALL IMO> DYOR.
QP

[quepassa] 28/7/2015 08:40

Strong, strong figures from Tulletts for their 2015 half-year.

-Revenue jumps from £360m to £416million ( +15%)

- Underlying PBT surges by an astonishing 22.5% from ££43m to £53million

- Reported PBT of £111 million versus £9m



Very upbeat statement and Outlook from John Phizackerley, CEO. - Citing higher volatility in certain markets, cost-cutting measures feeding through to a significant reduction in expenses. Strong performance from Oil Desks. - Info Systems Desks doing well and have expanded. Mention that the OTC markets are more stable in volumes of business.


Ambitions to become

"The Company's goal is to become the world's most trusted source of liquidity in hybrid OTC markets and the best operator in global voice broking. The Company's plan is to build revenue and raise the quality and quantity of earnings through further diversification of the client base, continued expansion into Energy and commodities, and building scale in the Americas and Asia Pacific, whilst preserving the business's core franchises."




Dividend of 5.6p maintained . Personally I would think there are reasonable prospects for a hike in dividend at the full year based on such strong results and a robust outlook.


Very encouraging results.

ALL IMO> DYOR.
QP

[quepassa] 16/7/2015 15:06

Always good to keep an eye on what the competition is saying.

Industry supremo, Michael Spencer CEO of Icap, talking yesterday on the analyst call after yesterday's Trading Update. In reply to an analyst question, Spencer said he thought that the right outcome was a scenario where there were three global broking firms, not four.

Who said sector consolidation was not on the cards!

He was also extremely bullish for dollar volumes as and when US QE ceases.

Herewith link to the Conference Call /analyst Q&A session.






The comments about three, not four, global broker firms being the "right outcome", are six minutes in to the session following the first question from Merrill Lynch.


ALL IMO. DYOR.
QP

[quepassa] 15/7/2015 16:16

Broadly positive trading Update released today by Tulletts rival, ICAP.

Online FT has following;

QUOTE

ICAP's Spencer expects further volatility -

interdealer broker says banks’ withdrawal and growth of high-frequency traders is changing markets

UNQUOTE


Good to see corroboration from an undoubted source of further anticipated volatility - the backbone of broker business.

ALL IMO. DYOR.
QP