Share Name Share Symbol Market Type Share ISIN Share Description
Ince Group Plc (the) LSE:INCE London Ordinary Share GB00BZBY3Y09 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.88% 45.00 268,203 16:35:19
Bid Price Offer Price High Price Low Price Open Price
44.60 45.00 45.40 44.80 45.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 52.58 0.97 -28.66 17
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 29,999 45.00 GBX

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Date Time Title Posts
24/1/202010:01Ince Group Plc (the)106
22/1/202017:32Ince Group;2

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Ince Daily Update: Ince Group Plc (the) is listed in the General Financial sector of the London Stock Exchange with ticker INCE. The last closing price for Ince was 45.40p.
Ince Group Plc (the) has a 4 week average price of 44.50p and a 12 week average price of 44.50p.
The 1 year high share price is 160p while the 1 year low share price is currently 44.50p.
There are currently 36,976,730 shares in issue and the average daily traded volume is 586,823 shares. The market capitalisation of Ince Group Plc (the) is £16,639,528.50.
colinspurr: What do investors think about the open offer that was announced last week at a 60% discount to the previous share price. I have heard their debtors at 28th Nov 2019 were £40m what does this say about their regard for the share price and how good are they at cash control
riverman77: The fact that there has been no RNS to acknowledge the recent share price collapse is very concerning and suggests something might indeed be badly wrong. Perhaps they've run out of cash - they were quite near their borrowing limit when they last reported, and cashflow likely to be poor with the new acquisitions.
factual: This is all about cash. It looks increasingly like the messy fundraising after the saga of the Ince acquisition simply didn’t raise enough, possibly little wonder with its unpopularity shown through the share price at the time. But why would that have been a surprise? The stock had been suspended for months at the end of 2018. When the acquisition was announced it was clear that funds were needed. The fact that they were the raised afterwards questions the management, execution, strategy and advice. And remember this is now a complicated business made up of acquisitions in the thick of an integration process and with international elements. Do these signs tell us it has the resources to deal with all this? 12 months later we are in the last quarter of their year, for many law firms the working capital peak, not reversed until after the year end. So possibly still rising. Concluding, it looks very much like the business needs money and has done for a year although it may now be urgent. Management are unlikely to respond to requests for updates unless they can unequivocally say that they have the answer to their issues. If funds are needed, they should also ensure that their past presentations have been consistent with that. As a footnote, there has been some comment about debt levels. But deferred consideration is debt, too. Add all that to the bank borrowings and you may have a value in excess of today’s market capitalisation - not a traditional financial metric, but a very relevant one if the market is going to be asked for even more funds. Which it would be brave to provide.
Ince share price data is direct from the London Stock Exchange
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