Ifg Share Discussion Threads

[edwardt] 05/2/2018 09:16

davey rumoured in times to bid up to £150m. they read me note!

[edwardt] 02/2/2018 10:34

got what we wanted for probably the wrong reasons! 2.% of p/aum equates to £100m minimum for sh. it should fetch a premium to that as it is a trophy asset. i would hope for nearer £150m which would reflect the scarcity of a neat fit for a bigger firm to integrate with ease.

also james hay has to be worth something!

Curtis banks

76,000 sipps
£25bn aua
Market cap £175m

James hay
57,000 sipps
£25.5bn aua.

as a result of cash provision (£20m)and lower number of sipps (-25%) gives you a value of circa £110m….

all very basic, but unless there are some other serious nasties i don't know about . this remains a firm hold for me...

[mick] 08/12/2017 13:50

Yes edwardt, I suspect IFG won't remain independent for much longer.

[edwardt] 08/12/2017 12:56

650k buy, nice!

[edwardt] 05/10/2017 16:11

better way to play a rate rise versus banks who will be more exposed to credit card markets...

[edwardt] 01/9/2017 09:54

what's the Rathbone's ceo's number? smith and willy deal dead with all that office space....

[mick] 25/7/2017 16:39

The sooner this is taken over the better.

[edwardt] 25/7/2017 11:40

no synergies between the two businesses here. time for Rathbones to bid for SH.

[edwardt] 05/7/2017 17:36

saunderson house not ifg.

[edwardt] 05/7/2017 17:36

hargreave hale sold to cannacord today. sixteen times earnings . makes ifg again worth circa £80 to £90m on its own. come on Rathbones get the cheque book out!

[edwardt] 20/6/2017 10:10

private equity bid today announced for thesis for £47m. they manage £2.2bn. Say saunderson house has £4.4bn now, that equates to circa £90m valuation for that business. that may also explain uptick here today.

[edwardt] 20/6/2017 09:50

mpc - vote 5-3 , we could be back in business here before you know it.

[edwardt] 19/4/2017 15:52

looks like a nice appointment as cfo. btw if brooks mac is worth 290m on aum of 9.5bn , sh is probably worth 130m on its own by my maths.

[edwardt] 23/3/2017 09:58

indeed. base rate cut not ideal for james hay!

[edwardt] 02/2/2017 13:48

wakey wakey - this is on the move....

[mick] 22/5/2016 15:40

Nice solid progress in the IFG share price.

[mick] 11/5/2016 12:20

Solid trading update this morning. Share price supported by good earnings growth and 3% dividend. I still believe that IFG will be an attractive takeover target within the next 12 months.

[thomasthetank1] 22/4/2016 13:23

Read Edison's note on IFG GROUP, out this morning, by visiting hxxps://www.research-tree.com/company/IE0002325243
"IFG’s focus on core businesses and its investment for franchise growth clearly showed results in 2015 with growth in clients, assets and revenues, as well as meaningful profit growth. James Hay appears to have reached an inflexion point where the benefits of past investment were clearly seen in margin expansion and strong revenue growth. IFG is well positioned for further progress, supported by a strong and liquid balance sheet, in markets that offer good long-term growth potential and consolidation opportunities. We have increased our estimates and fair value..."

[mick] 05/4/2016 09:16

It can't be too long before IFG are bought over as part of consolidation in the pension/wealth management industry.

[edwardt] 19/1/2016 17:31

London listing should help cut the 'irish' discount.

[edwardt] 19/1/2016 17:31

London listing should help cut the 'irish' discount.

[caveat_emptor] 28/5/2014 10:25

Nothing but good news coming from this company,
but still the share price is in limbo.

SIPP bolt-on to boost growth
DAVY VIEW
Reports suggests that the addition of Capita's SIPP book and
related assets under administration (AUA) would take James
Hay's pro-forma SIPPs and AUA to 43,251 (+6%) and over
£16.6bn (+6%) respectively at the end of April 2014. Although
IFG's growth strategy for James Hay is primarily organically
focussed, it continues to look at opportunities to augment
growth through selective bolt-on initiatives and acquisitions.
Bolt-on to add circa £1bn AUA
Capita had announced in its IMS last November that it had taken a decision to close its
SIPP administration business based in Salisbury
, where James Hay is also headquartered,
as it was sub-scale and therefore unviable. Reports suggest that the book consists of
2,500 SIPPs with related AUA of circa £1bn. The terms of the deal have not been
disclosed.
James Hay typically generates circa £800
revenues per SIPP from year-two onwards.
Assuming a similar metric would imply additional revenues of around £2m a year at
James Hay in a full year (completion is scheduled for Q1 2015). James Hay reported
revenues of £37m in 2013.
Recent figures from Platforum ranked Jame
s Hay fifth alongside Transact in a league
table of advised platforms (led by Cofund
s with AUA of £65.6bn and FundsNetwork with
£48.7bn) with AUA of £15.64bn at the end of
March. This bolt-on closes the gap with
fourth-placed Standard Life (AUA of £20.3bn at end-March).
IFG Group
OUTPERFORM
Closing price:135p

[caveat_emptor] 19/5/2014 08:26

Strange how this is a growth stock, worth well over 2 quid
and paying 4% dividend and trading at least 25% below it's nav.
I read where Goodbody have kept their target as us because
of the ongoing investment in ne technology.....
Very odd.