ICAP Share Discussion Threads

[ginty the brave] 07/5/2013 18:13

in at 288p for a bundle. reckon we can see 350p + short term

[strutt12] 04/5/2013 12:23

Finals on the 14th May, we'll find out then.

[lovegod] 03/5/2013 16:39

when does this go XD ?

[nofool] 23/4/2013 17:53

Cheers Doc, but I take no pleasure in being right about a Short (I'm only in it for the money, and the money alone). Of course I hate being wrong - but only because that's expensive. I think you were wise to use a stop and I am trailing mine now to protect my profits. A good bounce will take me out..

As everyone can see, this is a trading stock, and if you get your levels right, is just as good a Long as it is a Short. Patience and timing, as ever are the keys to success. Use your charts!

I reckon July time might be right for a Long here. It has been in the past, but in the meantime we'll have to wait and see..

DYOR.

[nofool] 23/4/2013 17:50

Spot on bend1pa - my thoughts exactly.

Of course we could be wrong, but I doubt it..

[bend1pa] 22/4/2013 19:29

Market sentiment has been noticeably against this company for over 2 years now, with plenty of disappointing news along the way. Sentiment still firmly against IAP, so falling knife scenario still ongoing. I see 200p as a serious support level barring further bad news if we drop that far.

[ginty the brave] 22/4/2013 16:34

Hi all,

This share price has seen quite a drop recently. Is it now good value to get back in?

The 12 month average is 330ish so I feel that it could come back.

Any thoughts?

[dr biotech] 22/4/2013 14:53

OK well done NF you got one over the Inde. I closed out at a loss at 290, it will remain on the watchlist but its not one I will be following closely.

[bend1pa] 22/4/2013 14:43

I don't see the share price sinking to 150p. IAP would s have to be in serious financial trouble for that to occur and they are still very profitable (£280m PTP forecast). There's the possibility of a div cut this year or next which is holding back the share price as well as the Libor investigation. This should all blow over within a couple of years. IAP have done very well in the past so there's no reason to assume that things have changed permanently for the worst.

[nofool] 19/4/2013 19:32

No. It'll be sub 250 before too long..

imho

DYOR



After this idiotic tip, I notice Zak Mir is now playing it safe today with Cairn Energy lol

[kalkanite] 19/4/2013 05:07

Ah, but are we witnessing a double bottom as we speak? Is it time for no fool to take his money and go long?

[nofool] 18/4/2013 20:29

All just tickatee boo...for some.

I'm sorry Doc.




Dr Biotech
26 Feb'13 - 09:56 - 1617 of 1633 0 0

Thats setting the odds in your favour - tip was circa 330 - according to your rules they have to hit +70 and you only need -30. 380/280 would be a fairer bet.

nofool
26 Feb'13 - 10:50 - 1618 of 1633 0 0 edit

OK Doc, as you say then.

[nofool] 13/4/2013 12:15

250 or less is "top up time" for me. Meanwhile my Shorts are doing just fine.

[dlku] 09/4/2013 08:36

Numis
Amongst others the FT says ICAP has been issued with subpoenas in the US. While we cannot know what the ultimate outcome of the investigations into ICAP, its relationship with the banks, LIBOR, its brokers, their relationship with the banks traders and the related derivative instruments what we suspect is that there is a long way to go before a conclusion is reached. ICAP does not make submissions on LIBOR or any such products as it is not a bank, but this is not relevant. It is the largest trader of many products that are priced relative to such submissions and so its position in the validation of any wrongful submissions is key. Should ICAP be found guilty of any wrongdoing we believe it is likely to be seen as an accomplice to the crime opposed to the perpetrator of the crime itself.

[loofyloofy] 09/4/2013 08:33

Fun and games today - good for cheap top ups.

[kalkanite] 05/4/2013 18:37

Topped up again today, seems like a good buying opportunity, the article below just confirms how under valued ICAP is at the moment.




"In the year to March 2013, we estimate that Icap's electronic broking business will generate around £260m of revenue, which implies around £130m for BrokerTec. Therefore, if we were to value BrokerTec on a similar revenue multiple to eSpeed (12 times) then this would imply a total value for the business of approximately £1.6bn, which is equivalent to around three quarters of Icap's current market capitalisation of approximately £2bn (note that Icap operates with virtually no net debt)."

[loofyloofy] 05/4/2013 14:22

Not sure why this was so volatile today....any thoughts?

[fabius1] 02/4/2013 19:37

I think the ISA rush is probably in play at the moment. I feel sure we will see a double bottom at some point. Currently, this has all the ingredients of a trader's plaything.

[kalkanite] 02/4/2013 19:18

Jeffian

I wouldn't go as far as saying I was upset. If I make a comment here and it is wrong I am more than happy to be corrected, we can all learn that way. Not wishing to dwell on negatives I accept that their was confusion in this case between future projections being taken as historical and thank you for replying.

Not sure whether I am happy or sad to see the 6%+ rise today, I can't help but think that this company is great value at the current price and was hoping to build my stake if the shares drifted further. AIMHO

[jeffian] 02/4/2013 16:59

kalkanite,

I'm sorry that I seem to have upset you. Maybe I simply misunderstood what was said. When kaffee wrote "Has the conversation been done on this thread about the sustainability of a dividend policy where the DPS exceeds the EPS ?", I assumed he was talking about about the most recent reported figures (IAP's 2012 dividend wasn't covered by 'basic' eps - although it was by 'adjusted basic' eps - and barely covered at the 2013 interims). Maybe you are talking about analysts' estimates of future eps/div (?) in which case I apologise, but that wasn't clear to me from the context. Anyway, my point (which may not apply to you!) is that so often on these threads I see someone commenting on fundamental (historical) data such as eps, divs, NAV and so on which they've got from the 'financials' section of this, or some other, bb and they are very often wrong. For that, it's easy enough to go to the RNS or the company's own website and look at the last reports and accounts. Sorry for the confusion.

[kalkanite] 30/3/2013 13:27

Article from TMF



"Based on earlier company guidance that indicated a 28% tax rate, today's £280m profit forecast suggests earnings could be around 31p per share and cover the existing dividend by 1.37 times."

Pretty much correlates the Digital Look data

Jeffian

"He may be getting them from the company's own accounts rather than Digital Look. I can never understand why people go to these financial bb's and their questionable info when every company publishes its accounts on their own websites and the RNS."

Still waiting for the evidence of your unhelpful and self righteous comment Jeffian.

No fool, hope you are right, Spring sale from Mr Market :-)

[nofool] 30/3/2013 13:02

I have 250 penciled in just for starters kalkanite.

[kalkanite] 30/3/2013 09:31

Jeffian

I agree that DL is less than ideal, but I find it difficult at times finding any better info. I have looked on ICAPs website and can only find historical dividend info. Can you point to where the company earnings estimates for this year are and their estimate for dividend payment?

nofool, agreed that a wait and see approach would be good. I topped up at just over £2.90 recently but will wait and see where sentiment is leading. Remember that this market is the worse that the CEO has seen for around 30 years (iirc) and they are still estimated to earn around 30p EPS (unless someone can point to a better forecast of earnings). They have also cut back £60m of overheads so when the market improves the profits should increase considerably.

I am not really trying to talk this up as I would like an opportunity to fill my boots at say £2.50 as these are not a particularly big holding for me at the moment.