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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ifg Group Plc | IFP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 193.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 193.00 | 193.00 |
| Top Posts |
|---|
Posted at 24/3/2014 09:09 by caveat_emptor DAVY VIEWThe key results focus will be on business momentum in IFG's core UK franchises against the backdrop of the significant investment the group has undertaken at its SIPP subsidiary, James Hay. In addition, investors will be keen to hear how the group is positioned to take advantage of the new flexible pensions and improved ISA regimes proposed by the Chancellor in his recent budget, with platform specialists Platforum predicting that both advised and non-advised platforms are set to win big from the new measures. |
Posted at 14/3/2014 09:12 by caveat_emptor IFG Group PLC Stock Rating Reaffirmed reiterated their buy rating on shares of IFG Group PLC (LON:IFP) in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. IFP has been the subject of a number of other recent research reports. Analysts at upgraded shares of IFG Group PLC to a buy rating in a research note on Wednesday. They now have a GBX 150 ($2.51) price target on the stock. Finally, analysts at reiterated a buy rating on shares of IFG Group PLC in a research note on Wednesday, December 18th. They now have a GBX 150 ($2.51) price target on the stock. IFG Group PLC (LON:IFP) opened at 140.18 on Wednesday. IFG Group PLC has a 52 week low of GBX 108.00 and a 52 week high of GBX 161.00. The stock has a 50-day moving average of GBX 142.7 and a 200-day moving average of GBX 129.9. The company's market cap is £145.7 million. IFG Group plc (LON:IFP) is engaged in the provision of financial services, and corporate and trustee services. |
Posted at 20/1/2014 14:47 by mick See article below from yesterday's Sunday Business Post - helps to explain a little about what has been happening to the various shareholdings in IFG.Not sure I understand where it is all leading to but I hope that this helps fellow investors. 03:55, 19 January 2014 by Jon Ihle The investor who led a transformative recapitalisation of financial services group IFG has begun selling down his stake after a flurry of recent corporate activity at the company, including a takeover approach and the departure of its chief executive. Edmund Truell, the British financier and entrepreneur behind Fiordland Investments, the syndicate that backed IFG's acquisition of James Hay Group in 2010, reduced his personal shareholding in the company this month from 7.57 per cent to 6.98 per cent, realising more than 1 million. The move, which occurred in a series of transactions running from January 3 to January 10, happened as stock market disclosures revealed that the Fiordland partnership broke up just before Christmas when IFG was the subject of a speculative approach from an unknown acquirer. The dissolution of Fiordland means its original investors, including chairman John Gallagher, are free to buy or sell their shares without the agreement of the other partners. That development could prove significant if another potential buyer emerges for IFG, as Fiordland had a 19 per cent stake and exerted considerable influence over the board. Gallagher owns 6.28 per cent of IFG through his investment vehicle, Crownway. Truell's stake is held under Rockhopper Investments, while Laggan Investment s owns the remainder of the original Fiordland holding. |
Posted at 12/10/2012 09:48 by caveat_emptor FINANCIALSIFG Group (IFP LN) Price: 113p Rating: Neutral Issued: 16/09/11 Previous: Outperform Issued: 04/03/10 Hargreaves Lansdown continues to outperform Emer Lang FACTS: Hargreaves Lansdown (HL) has published (October 12th) an IMS covering the period to October 11th including trading results for the three months ended September 30th. Assets under administration (AUA) rose by £2.2bn in the quarter to £28.5bn (up 8% or 28% year-on-year) with revenues up 20% on the comparable quarter in 2011. ANALYSIS: Much of the growth in HL's AUA relates to its flagship 'Vantage' service, the group's direct-to-private-in platform, which accounts for £26.7bn (94%) of its £28.5bn AUA. The £26.7bn under administration includes £8.2bn in SIPPs, £10.7bn in ISAs and £7.8bn in funds and shares. The number of active Vantage clients increased by 7,000 (Q1 2011: 8,000) over HL's first quarter, from 425,000 at June 30th to 432,000 at September 30th. Vantage also led revenue growth, up 22% to £53.7n and accounting for 78% of overall revenues of £68.7m in the quarter. HL notes that the beginning of the second quarter has seen considerably improved activity in the way of new investment opportunities and reiterates its confidence in growing the business further to the benefit of its clients and shareholders. DAVY VIEW: The UK market has been generally challenging for wealth managers/pension providers with a number of players citing difficult economic and market conditions, competition and regulatory developments (particularly the Retail Distribution review, RDR) as issues. Nonetheless, HL continues to grow its business, noting that for it the competitor impact "remains negligible" and that there have been no further regulatory developments relating to the RDR. In IFG's case, the challenge remains to build momentum in its UK SIPP business to a level where new business exceeds the expected transition in the legacy James Hay book (in H1 1,046 new SIPPs fell short of attrition of 1,703). Trends in the SIPP business will be a key focus for investors when the group issues its IMS in November. Company summary and analysis |
Posted at 08/1/2010 20:51 by djderry Only 55% of shares taken up by existing shareholders.Fiordla |
Posted at 28/12/2009 23:37 by djderry Can't help feeling they are quite happy to let Fiordland pick up as many shares as possible at 1.05 euro.I received my offer on Christmas Eve and the cheque (which I posted today) has to be in by the 31st.Many shareholders may be away/on holidays,etc.And how come the directors are not taking up their rights,in effect giving Fiordland an 'in' at a substantial discount?What do we owe this investor? |
Posted at 16/1/2007 12:56 by xavico The thing is the mms should be trying to create a market (hopefully with an upward surge in the sp) so as to attract investors. May be they've ignored this one too long. Let's hope it hits their radar screens soon.Also, there is talk of consolidation in the industry and fingers x IFP could get taken out at a premium - that's a wild guess as I've no info. |
Posted at 25/9/2005 17:30 by lbo The Sunday Times - Business September 25, 2005 The Sunday Times Sharewatch: Mortgage broker must prove it's fixed SHOULD YOU BUY SHARES IN IFG GROUP? IFG Group is Ireland's biggest mortgage intermediary, broking about 8% of new mortgages by value in 2004 through a subsidiary called Mortgage Business Solutions. Headed by Richard Hayes, it provides a range of other independent financial advisory (IFA) services, including administration, trustee and actuarial services for small self-administered pension schemes and self-invested personal pension plans. It has subsidiaries in the UK, Isle of Man and the Channel Islands. The company's share price has performed poorly in recent years, after IFG exited its troubled endowment trading business, restructured its UK IFA businesses, and focused on debt reduction. Its share price has rebounded this year, however, on the back of strong growth in its Irish mortgage broking business and a 21m cut in its debt. The two experts below have been selected for their skills in several investment areas. They, or the funds they manage, may hold shares in the companies or sectors discussed. Pramit Ghose, head of investment strategy, Bloxham Stockbrokers IFG is a classic example of a company that ended up burdened with debt and underperforming businesses after a bold attempt to build scale turned sour. IFG's share price at 1.31 is still 65% below its July 2001 high of 3.75. Being heavily exposed to the UK endowment and IFA business at a time when those markets fell out of favour severely bruised the group. Since then, IFG has steadied the ship through a huge programme of debt reduction and divestments. By concentrating on growth in Ireland and its international businesses, stability has returned. IFG's shares have risen by 73% since the start of the year as investors re-evaluated its growth prospects following the restructuring period. Back in July, IFG said its profit was set to double by 2007. This will be achieved by concentrating on international corporate trustee/administrati By implication, 2006 and 2007 could see yearly earnings growth of 30%, if no further mishaps occur. IFG does have a number of solid growth engines. The MBS mortgage broking business and title insurance, when combined with the international corporate trustee and administration business, provide a solid platform for sustainable growth. Last November, IFG issued a profit warning three months after its 2004 interim results. Delivering on its own financial targets is a crucial first step in rebuilding investor confidence. The group publishes its interims results on Wednesday. Market focus will centre on how IFG's UK businesses are performing. Since hitting 1.44 in August, IFG has fallen back by 9%, putting the group on a price/earnings ratio of 10.4 times 2005 earnings. If next week's results are strong, IFG should outperform over the short term. Judgment: hold Anna Lalor, equity analyst, Goodbody Stockbrokers IFG's share price is up almost 40% since its 2004 full-year results were published in April. The repeated reassurance by Richard Hayes, its chief executive, that it plans to double earnings by 2007, alongside the continued strength of the Irish mortgage market in the first half of this year, appear to be the main drivers. IFG's international trustee division, the Irish mortgage intermediary business and the UK actuarial and pensions business have been consistently strong performers. However, the earnings growth delivered by these divisions has been eroded by volatile earnings in the UK IFA business, the discontinued pension release business and the discontinued investment business. It is this track record that brings a degree of uncertainty to earnings growth expectations. Encouragingly, IFG has indicated that it does not intend to pursue further acquisitions and it is on the way to reducing its debt obligations. It is also reviewing its UK operations. Cheques issued by lenders to IFG's Irish mortgage intermediary clients grew 39% in the first half of 2005, against growth in the mortgage market of 26%. This positive top-line growth should impact the earnings line, but its effect will be diluted with 50% of the main mortgage intermediary earnings going to its joint venture partner, GE Capital. In addition, IFG last year grew the revenue line of this business by 35%, but operating profits dropped by 13%. This may have been a one-off, but we need to see evidence to the contrary before we change margin expectations. Poor performers have eroded IFG's strong core businesses' profits in the past and, while there are early signs that this may improve, we need to see evidence of a consistent reduction in earnings volatility before we become more comfortable with the stock. These results could be an important step in this process. Judgment: Add with a price target of 1.40 THE FIRM AT A GLANCE Share price: 1.31 Market cap: 31m Year end: Dec 05 EPS forecast: 12.1c Dividend forecast: 2.5c |
Posted at 16/2/2005 11:51 by targatarga LBO - holding yet or watching? Management seem to slip up occasionally but with director buying hopefully these will have their day. These are almost off most investors radar screens. regards |
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