ICAP Share Discussion Threads

[highlands] 17/11/2011 22:55

Cardiffian, ICAP are not buying back shares for cancellation - they are holding them as treasury shares. Would that not make a difference?

[cardiffian] 17/11/2011 18:38

I'm not sure but I think it's gone above the 7% because of the buy back of IAP shares announced yesterday. The actual numbers held by INCAP hasn't altered.

[highlands] 17/11/2011 17:41

I noticed the RNS this afternoon regarding the interests of INCAP Overseas B.V. crossing above 7%.

As far as I'm aware, INCAP Overseas B.V. is a wholly-owned subsidiary of INCAP Finance B.V. and the ultimate holding company of INCAP Finance BV is IPGL Limited which is in turn mostly owned by Michael Spencer, the CEO of ICAP.

Therefore, unless the ownership of INCAP Overseas B.V. has changed (which I doubt), Spencer is increasing his stake in ICAP. If this is the case, shouldn't there have been a Director Dealing RNS? In the past when IPGL or it's subsifiaries have sold shares, I am sure they were reported as such so why should it be any different if it is a buy?

[highlands] 17/11/2011 12:32

I personally think they should get rid of half of those voice brokers who are overpaid and underworked!

[honiton] 16/11/2011 13:07

outlook statement weird.

oh well.

[highlands] 16/11/2011 08:59

Taken a battering on results which don't look too bad.

Bought some for trading.

[dapper don] 07/11/2011 07:48

OVERDONE and because of what ? the Tobin tax over the top fall imho.
Weve already got enough taxes harming buisness without any more being introduced .
If I was in the E.U id introduce the doughnut tax, people are consuming to many of them.
Maybee a tax on how many trees you have in your garden will be next.
Sold my B.P and im looking to buy more here at some point today .

[jonwig] 05/11/2011 09:49

This is what the FT reported in September:

If the European Commission introduces a transactions tax, Europe's wholesale financial market would "evaporate", the entrepreneur told analysts. Icap, the world's biggest interdealer broker, would have no choice but to move its key operations. And quick.

Mr Spencer is right to call the plan unrealistic. Securities trading businesses can shift tax domiciles when they need to. That is why the international bond market is centred on London. It relocated from New York following unwelcome reforms in the sixties.

More to the point, transactions tax would need unanimous approval from the 27 member states of the European Union. The UK government would surely veto it. Mr Spencer, a Tory with a taste for the film noir-influenced paintings of Jack Vettriano, said the very discussion was "borderline laughable".

The City's big beasts will trust the government to forestall the Tobin tax. But they fear George Osborne could in the process be pressured into smaller concessions that would be damaging to financial services. By painting prospects blackly – a trick of Mr Vettriano's – they hope to stiffen the chancellor's resolve.

I'm sure they could do it virtually overnight, and I feel the markets fear Osborne will weaken at the knees.

There's also the possibility that some far-east countries suffer contagion, or even that China's potential banking issues come real. Then the Tobin Tax becomes global.

[jazz319] 05/11/2011 09:38

Fears of Tobin tax. Well overdone. Time to buy again. IMHO

[nightspot] 04/11/2011 14:33

Biggest FTSE faller. Knock on effect of MF Global and Jeffreys problems.

[advfn_anywhere] 04/11/2011 14:29

why is this falling?

am i missing something here?

[dapper don] 01/11/2011 17:21

Hi Highlands
Yep still here as are you we seem to of been here and visited these senarios so many times before .
This time it is slightly different due to the uncertaintancy around Europe ..
Like Ive said before volatile markets means bigger revues for ICAP.
This will recover quickly on any good news.
or kitty winning x factor (god forbid she scares me more than the wife)

[highlands] 31/10/2011 16:49

Dapper, good to see you are still a long term holder.

I am happy trading these and several others until the market uncertainty continues. It's difficult to catch the bottoms / tops but 10% plus gains are still possible.

[dapper don] 28/10/2011 15:37

UHOUND
I agree on fundamentals good divi cash in hand and involved in emerging markets.
As for downgrades by brokers I tend to do the reverse .
If I am not mistaken I thought ICAP earns its real money in trading and trading in very volatile markets earns them even more money.
Im a long term holder and avoid a lot of the macro day stock movements and drivel that gets people panicking.

[uhound] 26/10/2011 12:44

Numis upgraded ICAP last month - take broker views with a pinch of salt!
On fundementals and with a good divi, looks good value to me?

[ronjen] 25/10/2011 09:14

UBS downgrades ICAP from neutral to sell - target from 475p to 380p
(Don't know why.)
Price now 416.5p, down 2.5% on the day so far

[dapper don] 07/10/2011 08:26

thank you thank you
I enjoyed that dip picked up a few more at 3.87 .
Sentiment hit this stock not the fundementals which imho are pretty sound

[roddyb] 04/10/2011 15:03

This stock is getting whacked - is this just part of the general slide or is this the spectre of the EU Tobin tax?

[dapper don] 07/9/2011 07:41

bb123 - 17 Aug'11 - 21:54 - 1406 of 1406



Broker News & Views 17/8/11
StockMarketWire.com
HSBC upgrades ICAP from underweight to neutral, target price raised from 455p to 470p.

Well weve arrived without any trouble getting to the above target my target is £6 which i believe is attainable by this time next year, I would be shocked if earning figures were not growing quickly .

[bb123] 17/8/2011 20:54

Broker News & Views 17/8/11
StockMarketWire.com
HSBC upgrades ICAP from underweight to neutral, target price raised from 455p to 470p.

[318jazz] 17/8/2011 10:10

As you say dapper once again a lovely little earner. Does it every time. Just wait for the spike top slice but keep a core holding for the divi. Perfect, even if the worst happens in the financial world it wont go bust imho.

[dapper don] 16/8/2011 14:43

Well it happened again a great opportunity to buy on the mass panic, dips in the market sell offs and spencer selling off his stock twice and each time it bounced straight back up .
i love this stock like i said back in july this is a company that earn incomes worldwide are a market leader and inovator in the sector and income thrives in voilatile markets which we are now in unless i missed something.
Oh yes and it pays a half decent dividend
It also sits on a nice cash pile.
To those that sold up thanks because i bought plenty up at sub £4 happy to sit around again waiting for the next spike either way its one to hold and wait and see the growth.

[jeffian] 14/8/2011 12:51

Some people seem to equate the performance of IAP with the direction of the markets but, of course, its fortunes are based upon the number of transactions, whichever direction they go in. Several stories in today's press about the current extreme volatility of the markets including the ST mentioning that the number of shares traded on the LSE last Tuesday was the highest ever. This has to be good news for IAP, surely?

[highlands] 04/8/2011 11:22

Not sure about 210p but 300p is likely if the current carnage continues.