ICAP Share Discussion Threads

[dapper don] 03/12/2010 10:40

Well as usual all of the doom and gloom has evaporated and been replaced with a lovely price rise i would be happy trading from this support level .

[highlands] 11/11/2010 21:29

I think both IAP and TLPR are over-valued despite the recent falls in their share price There will be downward pressure on brokerage from their customers while the costs are high with overpaid brokers demanding higer salaries (a problem exacerbated by poaching)

[brain smiley] 08/11/2010 14:53

Published: November 4 2010 09:36 | Last updated: November 4 2010 20:49

Icap was among the gainers on Thursday as a global market rally carried the FTSE 100 to its highest level since June 2008.

Shares in the interdealer broker jumped 4.5 per cent to 481¼p after it said volumes had risen for a third successive month.

- Nov-03..Demand for repurchase agreements and US Treasuries helped drive electronic broking volumes up by 6 per cent for October, or by 22 per cent year on year, Icap said on its website.

Analysts said the data suggested Icap was trading ahead of sector peers, which augured well for the group's interim results due on November 17. "It is probable that trading activity will be more buoyant at Icap in the near term, and with a consequent greater likelihood of higher earnings estimates," said JPMorgan Cazenove.
.

[dapper don] 13/10/2010 10:08

This has finally broken 4.65 I personally think this will hit 4.80 before any fall back .this is a hold and buy on any major weakness

[ronjen] 02/10/2010 21:40

ICAP Tip/Comment following Trading Statement
Fri 01 October 2010 06:07
Independent
Icap's shares took a fall yesterday, largely because its failure to do anything more than meet expectations after rallying sharply since February's 40 per cent slump. The recent development of an electronic market for euro interest rate swaps, by some measures the world's biggest financial market, is a statement of intent and a testament to the vision of Icap and boss Michael Spencer in particular.
Investors who follow Spencer will be repaid long-term.
Arguably, these shares are undervalued, so buy, says the Independent.

Times
The Times agrees. The lack of visibility into the second half means analysts' forecasts are a long way apart -£333 million to £357 million. It will be somewhere between, and a middle view puts the shares on about 12.5 times this year's earnings.
The shares have been rising of late and are a long-term hold at this level, but a buy on any further weakness, it reckons.

[highlands] 23/9/2010 14:40

Sept. 23 (Bloomberg) -- Bank of America Corp., the largest U.S. bank, formed a futures and derivatives clearing services group in anticipation of greater demand in the $615 trillion over-the-counter derivatives market.



I wonder what impact this will have on ICAP?

[nellie1973] 16/9/2010 17:01

Broker upgrade today-HOLD

[highlands] 16/9/2010 13:41

True, the brokerage will be tiny - similar to their existing electronic broking businesses (brokertec & ebs) but then the costs will go down massively as well.

Also, they may be able to share the infrastucture already in place for the other electronic platforms.

ICAP will effectively become an exchange for OTC products one day. This is why I think TLPR is a SELL as they are years behind IAP in electronic broking.

[liverpool69] 16/9/2010 11:19

i think that this new euro electronic trading platform will back fire on them. the brokerage that i heard they are charging customers is ridiculous. close to nothing.

[highlands] 14/9/2010 10:47

liverpool69, TLPR is the one to short. They are well overpriced IMO.

[highlands] 13/9/2010 13:11

ICAP Trades More Than 10 Billion Euros of Interest-Rate Swaps



Looks like the market liked that piece of news.

I am not in but will get back in on any weakness.

[liverpool69] 09/9/2010 15:51

profit is profit dapper.... greed sometimes gets the better of people. my own personal opinion is that it is now too high so i have shorted it.

[highlands] 09/9/2010 10:54

Dapper is correct - I did take profits on the previous drop / rise. I missed out on this rise but caught the rise on other shares.

In these volatile markets I've been doing very well trading shares rather than holding long term (I am not a day trader though).

On a different note, I am not sure what the impact of going electronic on Swaps will be for ICAP. It was inevitable and it made sense for them to make the first move. I guess eventually they will be able to get rid of most of those overpaid brokers and cut their costs but then the brokerage will fall massively as well.

[dapper don] 09/9/2010 09:10

Why well done ? price is up since he sold them. or did you mean he took profits ?
either way this stock is still trading between 3-80 -4.30 and im happy to sit and hold and wait


.

[liverpool69] 08/9/2010 15:57

well done highlands

[highlands] 19/8/2010 15:08

I'm out for now - taken my profits

[masurenguy] 15/8/2010 07:41

Icap chief Michael Spencer loses £4m after Guy Naggar company collapses

City Index, the private spread betting business owned by Mr Spencer, is one of the largest creditors to Fitzgerald Securities, a company controlled by Mr Naggar. Mr Naggar was estimated to be worth around £235m in 2008, but his empire collapsed just months later.

The Sunday Telegraph understands that the claim by City Index has not been paid and is unlikely to be for some time as the complex liquidation of Mr Naggar's business empire continues. "It will take some time to unravel – it's an ongoing process. But it is a very complex network of businesses," said one executive working on the administration.

After the credit crisis, City Index wrote off £78m as clients failed to make margin calls as the stock market crashed. The company ran up losses of £91m in the two years to March 2009, forcing Mr Spencer to inject £70m of his own fortune into the business. Fewer than a dozen major clients – including Mr Naggar – accounted for the majority of the losses. Many of the debtors were friends or acquaintances of Mr Spencer. The chief executive of London-listed ICAP, Mr Spencer plans to step down as Conservative Party treasurer in the autumn to focus on his business.

[highlands] 12/8/2010 09:13

Bought a few more.....

[highlands] 06/8/2010 10:01

Bought a few again.....

[highlands] 29/7/2010 15:04

That was perfect timing this morning :-)

Now I don't hold a single share in IAP! I will continue trading these in future.

[highlands] 29/7/2010 09:17

It is profit-taking time again and this time I am off-loading my core holding as well!

[highlands] 21/7/2010 08:53

Bought a few back this morning to catch the upward market trend while it lasts.

[highlands] 14/7/2010 13:08

Market not too impressed with the 1st quarter statement.

I expect these to fall further with the rest of the market after the recent rally.

[highlands] 13/7/2010 13:49

Time to take profits on both! Just love this volatility :-)

[highlands] 02/7/2010 12:44

I bought both yesterday