Intermediate Capital Share Discussion Threads

[davebowler] 22/11/2011 10:06

Intermediate Capital pre-tax profits up
StockMarketWire.com
Intermediate Capital Group posts interim pre-tax profits of £108.8m for the six months to the end of September - up from £105.1m last time.

The group's fund management company made a pre-tax profit of £17.1m - up from £16.9m - while pre-tax profits from the investment company rose to £91.7m from £88.2m.

The group said its investment portfolio remained resilient and the dividend is unchanged at 6.0p per share.

CEO Christophe Evain said: "We are pleased to announce another solid set of results which is evidence of the strength of our investment portfolio and fund management franchise. Given the uncertain economic outlook we remain focused on preserving our strong performance track record.

"As the majority of traditional lenders continue to retrench from the credit market, we also see considerable opportunities emerging to acquire debt at attractive discounts in a distressed market, to provide finance to existing buyouts to restructure their overgeared balance sheet and to offer reliable financing solutions for new transactions, thereby delivering high returns to our institutional investors.

"The progress made on fundraising in a difficult environment is also a testament to our fund management franchise."

[pvb] 22/11/2011 09:03

But who by?

[liquidkid] 22/11/2011 08:48

This is now an easy take over candidate for the often mentioned private equity as a part of vertical integration and to strip out the Fund Management Company. Could probably get it for under 300p

[18bt] 22/11/2011 08:34

Looks well undervalued, but can't see a re-rating until the Euro denoument. However, that looks increasingly close.

[rcturner2] 22/11/2011 08:22

Amazing really, yielding over 8% at this level and well covered.

[enia] 22/11/2011 08:07

in the current state of the markets very good results !

[rcturner2] 22/11/2011 08:02

Good results.

[liquidkid] 28/10/2011 09:02

Half Year Results on Tue 22 November 2011
realisations during the period have generated substantial free cash flow. We
believe that the rate of realisations is likely to slow down in the second half due to market volatility but we have a number of ongoing exit processes which remain on track.

[davebowler] 10/10/2011 16:00

Chart breakout I think.

[hieronymous1] 06/10/2011 10:04

Up 5.95% so the market agrees with you. The share price has been responsive to wider market issues, not company specifics, so this is a positive sign of returning rationality.

[liquidkid] 06/10/2011 09:10

Trading Statement - nothing appears wrong in fact quite a good business to be in at the moment?

[pvb] 04/10/2011 16:18

Looks like we are revisiting those lows.

[praipus] 07/9/2011 14:35

Newton Investment Management (deep value investor, active investor and arbitrager) in for over 5%!!!

Track the rest of Laxey's holding of the WAM thread

[rcturner2] 12/8/2011 11:02

He is likely buying for his wife to take advantage of her capital gains allowance, that's all.

[kimboy2] 12/8/2011 00:37

I always think that the best director buy is when the CFO buys some for his wife.

Can't beat that. It has to be a dead cert (as long as the CFO isn't a complete fool).

[hieronymous1] 12/8/2011 00:05

Splitting the buy is probably helpful for tax reasons but the decision making and reasoning behind was probably joint. Therefore both purchases are a vote of confidence from those in the know.

[pvb] 11/8/2011 16:31

For wife! Or on behalf of wife.

[enia] 11/8/2011 16:30

he bought 65000 in total !

[pvb] 11/8/2011 16:14

10 Aug
Philip Keller bought 20,000 @ 228.34 (£45,668)

[its the oxman] 10/8/2011 09:38

nice timing - u may have picked the bottom - these will surely push back to 300p at some point.

[rcturner2] 09/8/2011 11:46

In at 199p today.

[pvb] 08/8/2011 17:09

Whoa! It's getting low. PE less than 7.

[liquidkid] 05/8/2011 15:16

Now yielding a tad over 8%
Its junk status credit rating probably means that if just one of its investments go bust then it will likely to wipe the company out. You could have trawled through the credit rating of companies and short anything rated as junk.
Intermediate Capital has ratings of:
Fitch public rating of BBB-
Standard & Poor's BBB-/A-3 Issuer Credit Rating with a stable outlook in June 2011.

Which is a bit worse than Italy who have a
Fitch of AA- stable
S&P of A+ negative
and govt bond yields of 6.146%

Then again ICP is not a goddam country is it.

[enia] 05/8/2011 12:58

also there was a 4 for 1 share distribution !!

[whealan] 05/8/2011 09:20

pvb

Quite right.Apologies. I should have adjusted for the 39% rights discount. But still....