ICAP Share Discussion Threads

[doubleorquits] 06/2/2013 20:39

Trading Statement tomorrow I believe.

[andrewbaker] 06/2/2013 17:05

ICAP is akin to the shovel seller in a gold rush: right now we are having a bullish time in the markets, and even allowing for a fall-back, which will happem, this year will be a busy one for buying and selling financial instruments. That's where ICAP makes its money, and why the price is moving north, and will continue to do so whilst these times are with us. I'm in for the ride, and enjoying it.

[dr biotech] 06/2/2013 10:05

Looks like nofool is getting knocked about by the Indie...

[deanroberthunt] 06/2/2013 09:36

more to this than meets the eye? bid rumour?

[jeffian] 05/2/2013 13:48

Maybe it was this -

"05.02.13


ICAP electronic broking volumes up 17% year-on-year


Spot FX volumes up 22% year-on-year

London, 5 February 2013 - ICAP (IAP.L), the world's leading interdealer broker and provider of post trade risk and information services, announces today that average daily volumes on the BrokerTec and EBS platforms for January 2013 were $767.9bn, 17% higher than in January 2012 [1].

Average daily volumes in fixed income products on the BrokerTec platform were $626.6bn, an increase of 16% year-on-year. Average daily US Treasury volumes on BrokerTec were US$144.9bn, an increase of 27% year-on-year. Overall repo volumes were $481.7bn in January up 14% year-on-year, reflecting a 7% increase in US repo and a 20% increase in European repo.

Average daily spot FX volumes on the EBS platform were $141.3bn, up 22% year-on-year and 54% month-on-month.

Contacts:
Serra Balls Head of Public Relations [phone]
Alex Dee Head of Investor Relations [phone]"

[jeffian] 05/2/2013 12:28

I'm thinking 'I'm glad I'm not short'.

Anybody seen nofool recently?

[relwood] 05/2/2013 12:21

Any thoughts on the jump today?

[dr biotech] 27/1/2013 18:44

I quite like SBM. Don't really see anything wrong with one columnist saying buy and the other sell - no different from a BB really. Hopefully ZM is correct.

[nofool] 27/1/2013 16:20

This is the top thread.


Are you able to post what Dominic Picarda said about ICAP, in the same magazine?

Something like "down down" wasn't it.

[guidfarr] 27/1/2013 12:50

Zak Mir top pick for February ICAP - see February edition of Spread Betting Magazine

[guidfarr] 27/1/2013 12:50

Zak Mir top pick for February ICAP - see February edition of Spread Betting Magazine

[nofool] 27/1/2013 09:38

It's interesting. Zak thinks this is still cheap and should rally further to 370p+. Dom thinks (as I do), that the 55 week EMA will cap the rally here at around 332p.

What do you think, and why?

[nofool] 24/1/2013 21:08

Libor Spotlight Falls on Barclays, ICAP


Today : Thursday 24 January 2013
By Margot Patrick
LONDON--Fallout from the global interest-rate rigging scandal continued Thursday, as some of the Barclays PLC (BCS) staff anonymously cited by regulators in the bank's June settlement were named, and interdealer broker Icap PLC (IAP.LN) disclosed it is under investigation by the U.K. Financial Services Authority.
The U.K. High Court ordered Barclays to identify by name top executives, traders and other employees who were referred to by position but not named individually in authorities' findings against the bank over rate-fixing, or whose emails or other communications were reviewed as part of regulators' probe into alleged interest-rate fixing. The names Barclays released Thursday were of 104 people who had asked the court for anonymity in the case, including Barclays Chief Financial Officer Chris Lucas and former Chief Executives Bob Diamond and John Varley.
The judge overseeing the case said that the people referred to in the regulatory findings weren't necessarily implicated in wrongdoing. Thursday's information didn't specify what role individuals might have played in the matter.
Barclays said Lucas wasn't commenting on the matter, while a representative for Diamond said he had no comment. Varley couldn't be reached for comment.
The request for anonymity was successfully challenged in the High Court by media groups in a ruling earlier this week. The release of the names Thursday was part of preliminary hearings for a civil lawsuit from Guardian Care Homes against Barclays over interest-rate swaps it bought from the bank. Guardian said it lost money on a product that Barclays shouldn't have sold to them.
Barclays in June paid $453 million to settle with U.K. and U.S. authorities for attempting to manipulate the London interbank-offered rate, or Libor. Barclays acknowledged regulators' findings. The U.K. FSA, U.S. Department of Justice and U.S. Commodity Futures Commission referred to around 25 people in their enforcement notices at the time but didn't name anyone. Authorities in the Barclays settlements didn't bring charges against any individuals and no individual was censured. Diamond and the bank's chairman and chief operating officer all subsequently resigned. All denied that they had done anything improper.
A Barclays spokesman said it considers the Guardian Care Homes case to have no merit and that "the fact that someone's documents were reviewed by the bank during its review of millions of documents does not mean that such person was involved in any wrongdoing."
Meanwhile, interdealer-broker ICAP said one of its subsidiaries is under investigation by the FSA, after a Financial Times report late Wednesday. The company previously said it had received requests for information from some government agencies as part of the investigation into Libor. ICAP declined further comment, saying the matter was confidential.
ICAP shares initially fell more than 5% on the report before closing down 1%.
The role of brokers in the global probe into rate fixing was highlighted in December reports from U.S., U.K. and Swiss authorities on UBS AG. Unnamed brokers received hundreds of pounds worth of compensation for helping UBS traders in their attempts to manipulate rates, the authorities said. UBS acknowledged the regulators' charges.

[kalkanite] 24/1/2013 16:46

no fool 1

Inde 0

No fool,

Me thinks that Inde has just got a penalty kick and you are down to 10 men :-)

Seriously though, I can't see what would be the catalyst for a share price drop? Its on a fwd & historic PER of less than 10 which for a FTSE 250 is good value, it has made great inroads in cutting costs and all this at a time when the CEO says is the worse in his 36 years (iirc) experience. Can it get worse?

Famous last words?

[pyemckay] 24/1/2013 15:12

whats the biggest fine handed out to the banks? surely icap wont have as big a fine to deal with.

[nofool] 24/1/2013 13:54

This could spell DISASTER for ICAP, make no mistake.

[adam] 24/1/2013 13:24

investigation almost a year old and no arrests at ICAP. might be fined for lax controls of individual brokers? difficult to see how fine, if there is one woild threaten going concern.

[dr biotech] 24/1/2013 13:16

Well there is the RNS. Doesn't fill me with confidence. Perhaps the CEO can threaten to stop his donations unless one of his mates in govt will call off the dogs. Not that a political donation would by favours of course...

[nofool] 24/1/2013 12:28

Too right adam, markets HATE uncertainty; don't you?

But basically, it's just another reason to send the share price down to the lower trend line eventually around 250p. Rascals aren't they.

[adam] 24/1/2013 12:15

Surely old story from March 2012 and if company not drawn to comment must mean nothing to add to what already said? I can't see this as being more negative than previously known. The uncertainty over whether the company will be fined or by how much is not helpful though.

[nofool] 24/1/2013 11:03

If not, we know what that means dean..

Back down to the lower trend line in quite short order.

[deanroberthunt] 24/1/2013 10:40

me thinks the company should make a statement.

[nofool] 24/1/2013 09:06

no fool 1

Inde 0