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IHP Integrafin Holdings Plc

287.00
-9.00 (-3.04%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Integrafin Holdings Plc IHP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-9.00 -3.04% 287.00 16:35:18
Open Price Low Price High Price Close Price Previous Close
295.00 285.50 295.00 287.00 296.00
more quote information »
Industry Sector
GENERAL FINANCIAL

Integrafin IHP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
14/12/2023InterimGBP0.0721/12/202322/12/202326/01/2024
26/05/2023InterimGBP0.03208/06/202309/06/202330/06/2023
14/12/2022FinalGBP0.0722/12/202223/12/202227/01/2023
26/05/2022InterimGBP0.03209/06/202210/06/202230/06/2022
16/12/2021InterimGBP0.0723/12/202124/12/202121/01/2022
20/05/2021InterimGBP0.0327/05/202128/05/202125/06/2021
17/12/2020InterimGBP0.05624/12/202029/12/202022/01/2021
21/05/2020InterimGBP0.02704/06/202005/06/202026/06/2020
18/12/2019InterimGBP0.05202/01/202003/01/202024/01/2020
17/05/2019InterimGBP0.02630/05/201931/05/201921/06/2019

Top Dividend Posts

Top Posts
Posted at 06/7/2023 16:09 by tmfmayn
Hi, I have recorded a 48-minute podcast with fellow investor Roland Head all about IntegraFin! We talked about the group’s recurring revenue, growth history, 'responsible pricing', appealing financials, thin-cat co-founder, intriguing valuation, comparisons with Hargreaves Lansdown and AJ Bell, and much more!

Maynard

[Podcast] INTEGRAFIN With Roland Head And Maynard Paton #IHP
Posted at 21/6/2022 18:43 by tmfmayn
[SharePad] Screening For My Next Long-Term Winner: INTEGRAFIN #IHP

"Even more remarkable is the consistency of the new client money arriving on the platform. Every one of the last 22 quarters has witnessed a net positive inflow"
Posted at 18/1/2022 15:32 by kalai1
IntegraFin Holdings plc this morning announced its quarterly Funds Under Direction update for Transact, its award-winning platform providing services to UK clients and their financial advisers. On 31 December 2021, FUD totalled £54.54bn, an increase of 4.7% over the quarter. The total was up from £44.82bn a year earlier, up nearly 22%. Net inflows of £1.29bn for the quarter were the best ever for Q1, with a 22% increase on the previous best Q1 (2018, £1.06bn), and a 54% increase on Q1 FY2021 2021. The investment case is solid - robust growth, decent valuation, healthy balance sheet. The share price lacks momentum for now, share price is down a little over 12 months, there looks to be little urgency to buy just yet. But the longer run investment case remains attractive, one to monitor for now....from WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/IHP/312
Posted at 19/12/2019 23:26 by bobsa
Yeah, great guy and well deserved semi-retirement.

If I could correct, IHP is main market, not Aim
Posted at 13/12/2018 09:27 by bobsa
Clearly I didn't need to revise down my original expectations and the company has provided another strong set of results that shareholders have become accustomed.

So my take:

* Much better written than the quarterly reports which came across a bit glum.

* Most new shareholders won't appreciate, that whilst market conditions are not ideal, Transact performs comparatively strongly during falling markets given: a) advisers use time to move clients from older products; b) Investors become less complacent and more mobile; c) Transact can hold cash, pays interest albeit low given BOE rates doesn't take a cut on interest earned. Was nice for Ian to touch on that even if not as detailed as I believe would be necessary for Mr Market to appreciate.

* Margin expansion is good.

* NPAT and dividend is good.

* Hoping that some further efficiencies can be found as increase in staff numbers and costs essentially in line with growth could be controlled a little better.

* The additional capital requirements for ILINT seems excessive given the relative size and limited, well essential no, risk of the business. 15M on 1.4B of assets. They have the cash so no issue, but sitting in the sidelines earning squat seems a waste.

* I expect to see an announcement of a reduction in fees again, likely to be in wrapper fees this time though. Expecting maybe removal of ISA and 25% reductiom in pension wrappers; so maybe 3M hit to revenue.

Anyway. Have a good day Sharian and any one else reading.
Posted at 13/12/2018 07:46 by shavian
Very satisfactory set of results at first glance imho. I agree with Bobsa that IHP is grossly undervalued.
Posted at 08/11/2018 23:17 by seadra17
Exane has initiated coverage on IHP. Price target: 370p. Hope this legs us over 300p.
Posted at 23/10/2018 21:33 by bobsa
@thecashmoney - doesn't sound at all like IHP.

Anyway, so back to IHP, the results. Clearly some didn't like the Q4 FUD update.

I must admit the FUD numbers are slightly below my expectations, I elwas expecting 34M and so I'll need to revise my full year NPAT expectations a bit, however given the share price was already down c. 25% of it's peak, the market reaction is well overdone.

I believe this is in part due to Ian's rather dovish tone "what is becoming an increasingly challenging market environment". I would assume he is referring to the ongoimg market correction, however this could be interpreted to mean more challenging competition in the market, which I'm not aware of, so unlikely, however more negative than the natural market correction. Hoping the presentation of information within the annual report is more carefully considered.

So what's my expectations? I was expecting NPAT of 35-37M, excluding one off costs for the IPO, but now revising this down the 33-35M.

So at 33M, we are currently trading at an historical PE of 28.

Excluding the slim possibility (in my opinion) of a full market crash, I'm expecting Q4/19 FUD of 39B and NPAT of 41M. Assumimg my smoke pack calcs are close to reality we're currently trading at a Fwd PE of 23.

I personally believe a c. 20-25% growth rate of NPAT should atleast justify a FwdPE multiple of 35, so a market cap of 1.435B or 433p/share, so we are trading at a 35% discount to my fair value.

Putting my order in as I type.
Posted at 21/9/2018 09:11 by shavian
Good points Bobsa. However IHP has prospered because of its concentration on the advised market via IFAs where Transact has an unrivalled proposition. One reason why IHP featured so well in Brewin Dolphin's August podcast was that Brewin knows Transact well as their Managed Portfolio Service is used by many top-end IFAs for some of their clients on the Transact platform.It would be a major leap for IHP to offer Transact to the self-advised market. It is not very suitable for small punters because of a relatively high (50bps) annual charge on portfolios below £60k, although the charging structure is superb for those clients with big portfolios, especially over £1.2m for combined family holdings. Also the platform only trades in bulk once a day at 1400, which makes it unsuitable for active traders (and sometimes a bit frustrating for IFAs).Mucking about with the present set-up to accommodate the self-advised market would risk their revenue flow and the marketing required to compete with HL etc would be huge.I think they should stick to what they do best. We IFAs are growing the present business model very nicely thank you.
Posted at 17/9/2018 21:55 by bobsa
HL. has the brand recognition with Joe Public who clearly care little about 15-20bps differential, so long as they see the value of their proposition.

Whilst I appreciate the B2C vs D2C markets, never really understood the need for a Wrap to not partipate in all markets, and throw in B2B too.

Not saying IHP yet has the brand recognition with Joe Public to dint HL's complete domination of this market.

I don't want IHP to spend alot on advertising or anything, but would appreciate reading more in the media about Transact and the opinion of it's staff on related things; i.e free press. HL. have always been great at this, and you can't go far before reading an article on what a HL. broker thinks about xyz share or something.

Bring on the Q4 FUD update which must be out soon; and full year results.

Not sure what Mr Market expects, but I'm projecting NPAT @ £35M+ but hoping they surprise on the upside with c. £37M+

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