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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Icg Enterprise Trust Plc | LSE:ICGT | London | Ordinary Share | GB0003292009 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -2.00 | -0.15% | 1,372.00 | 447,564 | 16:35:29 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,376.00 | 1,386.00 | 1,388.00 | 1,372.00 | 1,380.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 135.27M | 107.51M | 1.6974 | 8.11 | 870.27M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:47:03 | O | 230 | 1,190.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 17/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 16/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 13/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 12/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 11/6/2025 | 07:00 | UKREG | Notification of Share Transaction |
| 10/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 09/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 06/6/2025 | 07:00 | UKREG | Transaction in Own Shares |
| 05/6/2025 | 07:00 | UK RNS | ICG Enterprise Trust PLC Transaction in Own Shares |
Icg Enterprise (ICGT) Share Charts1 Year Icg Enterprise Chart |
|
1 Month Icg Enterprise Chart |
Intraday Icg Enterprise Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/6/2025 | 15:53 | ICG Enterprise (was Graphite) Trust | 400 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/6/2025 09:20 by Icg Enterprise Daily Update Icg Enterprise Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ICGT. The last closing price for Icg Enterprise was 1,374p.Icg Enterprise currently has 63,338,148 shares in issue. The market capitalisation of Icg Enterprise is £871,532,916. Icg Enterprise has a price to earnings ratio (PE ratio) of 8.11. This morning ICGT shares opened at 1,380p |
Posted at 25/4/2025 15:58 by triskelion From a quick search I can't find what ICGT paid for Minimax in 2018 and I haven't spent time tracing through the RNSs to try and figure out if NAV (preferably that allocated to it) has dropped over time. The RNS stating "The sale was executed in line with the last reported NAV and proceeds have been received." seemed a bit circumspect to me.Also the share price hasn't yet recovered from the Tariffs kerfuffle either unlike eg DORE (I know, not a true comparison except for being another that has dropped significantly in recent times - but unlike ICGT, with some significant correction today). |
Posted at 06/4/2025 15:26 by elbrus55 Sorry, By MBO, I should have just said 'buyout'. It is what they mainly do - buy companies outright or at least where they can take a controlling interest.RCF is just a form of debt, similar an overdraft. It is a term used by ICGT in their accounts and RNSs - oops... I mean Regulatory News Statements. |
Posted at 04/4/2025 07:56 by elbrus55 If they don't sell some old investments and make some new ones then the portfolio will become very mature and it is no longer an enterprise / MBO investment strategy which is what ICGT is about.Realising investments at 5pc discount, when you can repurchase your own shares at about 37pc discount gives a good opportunity for risk-free NAV accretion. Probably fortunate timing given the market falls this week. They are paying swaps+300bp on the RCF, so should benefit by at least that much until the proceeds are reinvested. |
Posted at 03/4/2025 09:29 by pyglet Price now about 1250. A year ago 1250 is it really proving a brilliant investment |
Posted at 02/4/2025 13:04 by pvb nexusltd 2 Apr '25 - 12:05 - 389 of 390That as secondary sale was best is not a good result. Secondary's are generally sold @ a discount to NAV; usually to prove to the market that stated valuations are realistic. The MOIC of 1.6 is well short of 2.5 which is a test of quality benchmark threshold. 64mn wrt 1200mn GAV is c 5%; so at least a twentieth of the portfolio is underperforming. Thoughts? 2.5x is all very well, but what's the effective IRR? From the RNS: "It realises a return of 1.6x invested cost (15% IRR) to ICGT, and releases undrawn commitments of £10m." That sounds perfectly satisfactory to me. |
Posted at 02/4/2025 10:34 by 1968jon If you raise £62m at a 5.5% discount to NAV and buy stock at a 37% discount to NAV, that is a decent trade. When they said in the RNS this morning it will be deployed "into opportunities......aI want to own this thing for ten years plus and compound at 10%+ but until - if ever - the PE trusts discounts narrow substantially, I am happy for them to buy every share they can. |
Posted at 29/5/2024 10:08 by 1968jon Maybe, and I've observed a few algos and a few buybacks in my time, but I'd question the parameters on this one. At 9.42 this morning 9,855 shares had traded. Of that number 7 trades totalling 3,066 shares had traded on the RSP and 25 trades had been an automatic trade lifting the offer, (including when the spread was 22p wide!!!) for a total of 6,789 shares. A buyback instruction with seemingly no price limit and 69% participation would be unusual. They are only small volumes, so not really moving the price, but interesting to a screen nerd like me. |
Posted at 10/5/2024 14:15 by riverman77 ICGT is realising assets at an average 29% premium. The 15% discount you mention relates to a secondary sale of some assets where they saw less upside - hopefully a one-off clear out and the majority of the portfolio can be sold at a premium. PE funds are generally quite conservative on valuations since they are not typically incentivised to mark up asset values before they are sold.Unlike PIN and some of the others, there has been no press coverage at all of ICGT's plans - feel they need to up their game on the PR front. |
Posted at 08/5/2024 10:17 by riverman77 New 'opportunistic' buyback announced alongside the existing long term buyback and dividends. Detail is somewhat buried in the report - you'd think they'd want to publicise this a bit more. New buyback is up to £25m, which appears to be in addition to the existing buyback (last year £13m) and the 33p dividend. If you add all this up it could equate to a 7.5% shareholder return at current share price.Nav returns slightly soft over last year but seems to be a combination of fx, 50% fall in Chewy share price (now only 1.4% of portfolio) and the sale of some older underperforming assets at 15% discount. Underlying portfolio seems to be performing well with 14% EBITDA growth. Overall think looks pretty good value on a 38% discount, having lagged some its peers recently. They're realising assets at a 29% premium to book value, so on that basis looks very cheap. |
Posted at 02/3/2024 20:56 by apple53 Sky- you are even worse than me. I WOULD take 3% on HVPE (and have taken less when I needed the cash), but on ICGT with STAMP!I also sold APEO early, average 513p. Most of it went into OCI at 443 average, and a bit into CORD (along with some PIN proceeds) which I flipped already to buy (more) ONT at 135. I am sure I will regret the latter. PEIT can be volatile but ultimately you feel so much surer of medium term value than in 'growth' stocks like ONT. Thanks for the buyback discussion Acol and Cousin. I take the points - ie 1) they did as much volume in one day as in the 27 transactions mentioned in the Q3 report for end October; and 2) yes they took the 22p hit to NAV to raise valuable cash upfront, and 3) given price performance since, they may indeed have cleared the overhang. The sacrificial sale ultimately meant that in local currency, they were down more than 1% in Q3 restated, saved by 3% currency benefit from a 5.5% fall in cable. It did mean we have an example of a PE firm selling BELOW carrying value. Hmmm. July to October saw a 10% fall in world MSCI, so serious headwinds, even for conservative accountants. My real time estimate of ICGT's NAV is 2075, with the biggest factor being 45% of world MSCI's increase, partially offset by sterling strength. End Jan MSCI was almost 5% lower than now (though up 16% since October), so I guess I'm thinking around 2020 for end Jan. On the one hand I hate to think how much of World MSCI is driven by META and NVDA, and therefore that accountants will be cautious marking up PE portfolios. On the other hand I'm not building in much for real organic growth, which they normally achieve in spades. I own some ICGT but not enough. If HVPE went up £2 I would switch some. If it's still languishing round here, it has to be worth owning it for Q4 results. If anyone has done any work on their actual holdings and their likely correlation (or lack thereof) with S&P, NASDAQ etc........ |
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