Intermediate Capital Share Discussion Threads

[deadly] 01/6/2011 23:00

profit taking after a good run up to results recently?
But good that the fall allows me to get more after such great results - more fools those who've sold.

[barlick] 01/6/2011 17:28

How often is this happening generally. Great results but a negative response, goodness knows that the market wants from this company.

Didn't help that it was a down day though but I bet all the mags will be recommending buys. Same happened to Cookson Group etc...

In and staying in.

[boros10] 01/6/2011 08:41

slightly below consensus - although dividend is a notch higher

[wilksey1] 01/6/2011 08:29

i,ll have to change my glass,s i thought these were good results

[its the oxman] 03/3/2011 08:17

getting close to top up time as we near 300p

[iomhere] 11/2/2011 08:50

The IMS on 25th of last month was quite encouraging since when the markets have been reasonably stable but the share price has declined slightly. With an anticipated yield of 5% or more this seems a reasonable spot to park any cash not earning its keep.

[rvsy38] 12/1/2011 19:51

I agree with you Oxman. I was also encouraged by the purchase of 30,000 shares just before Christmas by the Chief Financial Officer. I think the company was also recommended by The Times in early December, however of these two events I prefer to be guided by the former!

[its the oxman] 12/1/2011 17:11

chart looks good - and if banks generally report ok 400p should be tested

[liquidkid] 26/11/2010 13:46

Nah, borkers just saying "no near-term catalyst to provide any further radical positive upswing after outperformance in coverage universe"
might see 300 though as it hit that point intraday on the results

[masurenguy] 23/11/2010 11:39

Markets are somewhat jittery this morning, especially financial stocks, after yesterdays Irish bailout highlighted the UK banks high exposure to Irish and Spanish banks. Shouldn't really impact ICP but the sector tends to move homogeneously at times !

[gre] 23/11/2010 10:43

Strange reaction in the market to good results today. Is it simply down to profit taking?

Any thoughts?

[wilksey1] 22/11/2010 11:00

Intermediate Capital Group PLC FTSE 250 Financial Buy 400 338.3 18.2% Collins Stewart

[wilksey1] 09/11/2010 13:32

Intermediate Capital Group FTSE 250 Financial Buy 370 348.9 6.0% Arden Partners Ltd

[hieronymous1] 19/10/2010 20:58

Evolution Securities maintained its "buy" recommendation for Intermediate Capital (ICP), the investment and fund management group, with an increased target price of 375p. The broker believes that a combination of exits and marked progress on the more focused fund management strategy could combine to deliver a robust set of first-half results. While visibility may not be great, Evolution feels the outlook for exits in second-half remains robust and the broker cannot rule out further opportunistic fund management deals along the lines of EOS Loan Fund I. Intermediate Capital shares edged up 1.3p to 319p.

[wilksey1] 11/10/2010 17:50

broker note
Intermediate Capital Group FTSE 250 Financial Buy 400 311.6 28.4% Collins Stewar


t

[deadly] 05/9/2010 19:59

Director buys over £1m worth and no shift in the price!
Maybe he knows a bargain...

[hieronymous1] 17/8/2010 23:37

ICG up 5% plus today because:

Date: Tue 17th Aug 2010 16:52:00
Region:
Market sector:
Company: Royal Bank of Scotland Group (The) PLC


=DJ 2nd UPDATE:RBS Sells EUR1.4B Loan Book To Intermediate Capital




(Adds background, detail and analyst comment.)



By Patricia Kowsmann and Marietta Cauchi

Of DOW JONES NEWSWIRES



LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) said Tuesday that it is selling a EUR1.4 billion loan portfolio to fund manager Intermediate Capital Group PLC (ICP.LN), as it continues to wind down its non-core division.

The portfolio consists of loans "across a diversified range of sectors" and the deal is expected to close by the end of the month, RBS said. One analyst said there are 70 senior loans in the portfolio.

Financial terms weren't disclosed. Analysts said that the deal was likely done at a discount of 10%-15% on the basis of current secondary market pricing for these types of assets, giving a price of EUR1.2 billion to EUR1.3 billion.

The portfolio represents 10% of RBS's leverage loan finance book, all of which it wants to sell. The bank, which is 83%-owned by the U.K. government, is restructuring its businesses and shrinking its balance sheet following its near-collapse during the financial crisis.

ICG, which has EUR11 billion under management, said it is financing the acquisition with equity and debt.

The London-based mezzanine debt provider and asset manager invests from its own balance sheet as well as its third-party funds. It has set up a new fund specifically for the RBS deal, the ICG Eos Loan Fund I Ltd., which has issued bonds backed by the acquired loans.

ICG has said it has been looking to effect such a secondary deal for some time and would like to do more of these types of deals, as long as they are at the right price and discount. With more banks and other financial institutions seeking to offload non-core assets, the hope is that more assets will come to market.

Analysts said the acquisition would help offset the sales made by ICG over the past year, such as its stakes in clinical diagnostics company Marken, which was sold to Apax Partners for GBP975 million in December, and French nursing homes operator Medica, which it floated earlier this year.

"With ICG's exit pipeline looking relatively robust, ICG's acquisition of a decent-size stake in the equity underpinning the EOS Loan Fund I should provide a degree of comfort in terms of ICG's investment rate," said Evolution Securities' Bill Barnard, who maintains his buy recommendation on ICG stock.



-By Patricia Kowsmann and Marietta Cauchi, Dow Jones Newswires; [phone], [e-mail]







(END) Dow Jones Newswires

August 17, 2010 11:52 ET (15:52 GMT)

Copyright(c) 2010, Dow Jones & Company Inc.

[trendfloor] 15/7/2010 13:45

Been a very good morning ...but..... US looks relatively weak today.

[evox] 15/7/2010 13:31

...away we go

[bullsvbears] 15/7/2010 13:13

Hey, ho and ...............