Intermediate Capital Share Discussion Threads

[pvb] 17/6/2015 19:12

With £300m to be distributed as a "special dividend" and around 400m shares in issue that means we can look forward to a tasty 75p per share SD. Agree?

[its the oxman] 21/5/2015 17:18

Management will be meeting institutional investors today, tomorrow and next week probably. They have a good story to tell and it will be interesting to see how the share price responds. AUM are set to grow well which always helps.

[stevie blunder] 21/5/2015 14:36

The webinar was interesting. Gearing is going to rise to 0.8 or 80% after the special dividend against a target of 0.8 to 1.2. This is how they plan to raise the return on equity: by reducing the equity in the business. Targeting an ROE of 13%.

So they are deliberately increasing the risk to increase returns. I need to have a think about this. If it works then great, but it could bite them in the bum if there is another recession.

[prita] 21/5/2015 12:01

Thanks Stevie

[stevie blunder] 20/5/2015 20:07

As I understand it the overall profits are lumpy because realisation of the mezzanine investments cant be predicted, hence the forecasts are lower next year. There should be a smoother progression from the fund managing side of the business.

The webinar of today's investor event is up now on the website, hope to be enlightened further :-)

[prita] 20/5/2015 19:42

Also, why are forecast profits expected to go down next year from £178.5m (2014) to £162m (2015)?

[prita] 20/5/2015 19:40

Numis are swimming agains the broker tide it seems.

A question: does the company have net debt or net cash? The results indicate £454m Net Debt, but then later state Net cash and Equivalents of £392m. Confused.com! Thanks

[its the oxman] 20/5/2015 19:14

Not sure Numis gave ever been overly keen on icp.

[stevie blunder] 20/5/2015 14:34

20-May-15 Canaccord Genuity Buy 574.50p 533.00p 654.00p Reiteration
20-May-15 Numis Securities Reduce 574.50p - 458.00p DownGrade

[speedsgh] 20/5/2015 09:35

Worth noting this: "It is proposed that the £300m capital return will be by way of a special dividend, with an associated share consolidation to maintain, as far as possible, the comparability of the share price before and after the special dividend."

[pimsim] 20/5/2015 08:16

Solid results, impairments down significantly and cash flow looks strong.

Looks like one for income seekers over the next few months......

The Board recommends a final ordinary dividend of 15.1p. The dividend will be
paid on 28 July 2015 to shareholders on the register on 12 June 2015.

but in addition......the Board is recommending, in addition to the ordinary dividend, a capital return of a further GBP300m to shareholders. It is proposed
that the GBP300m capital return will be by way of a special dividend,
with an associated share consolidation. The special dividend and share consolidation will be subject to shareholder approval at the Annual General Meeting on 15 July 2015.

£300m = 79p per share

[deadly] 15/4/2015 09:26

it certainly was and deserves to continue rising with its fundamentals

[its the oxman] 02/4/2015 14:41

Chart suggests 550p could be achievable near term.

[its the oxman] 02/4/2015 14:15

Hitting new highs

[pvb] 26/2/2015 15:05

Simon Wajcenberg from K1T Capital markets says, according to his quant models, the markets are going to crash.

I'm sure he's right. Thing is, could he tell us WHEN they are going to crash. That would be useful. ;-)

[gbb483] 28/1/2015 17:37

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[jeffcranbounre] 28/1/2015 16:42

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[its the oxman] 28/1/2015 15:30

Hoping for another 20p or so myself. Should consolidate above 500p if were lucky before a further push higher with results. Provided wider market holds steady.

[pvb] 28/1/2015 13:50

Presumably being boosted by European QE?



"Work is ongoing to improve our return on equity and re-gear the balance sheet and, as previously communicated, we will update the market on the actions being taken with the full year results."

[graiguenamanagh] 28/1/2015 13:44

Post 494, belated Happy Christmas OXMAN. £ 5 on the nose, well done.

Where to from here ?

[speedsgh] 28/1/2015 10:14

Why oh why didn't I top up back in Oct when it was sub-370p. Was probably being greedy. Happy to stick with relatively modest holding for now. 500p has been resisitance for some time now so break out would be v positive.

[deadly] 28/1/2015 10:10

Now approaching highest level since 2007/8.
Yielding 5% and growing.
Looking good for the short and long term

[its the oxman] 28/1/2015 08:57

Positive update. Should see break through 500p anytime now.

[deadly] 16/1/2015 20:46

nice reversal today, to let me buy back some at 449 I sold yesterday at 472.
Drop was overdone earlier.
They're still doing buybacks

[pvb] 12/1/2015 17:14

"Quantifi delivers Cross-Asset Trading, front-to-back operations, Position Management, market, credit, counterparty and Liquidity Risk management, margining, and regulatory reporting all on a single integrated real-time PMS/OMS platform."

Golly!