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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Integrafin Holdings Plc | IHP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.26% | 390.00 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 402.50 | 389.00 | 402.50 | 390.00 | 391.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 28/5/2024 20:09 by xtrmntr Early indications that IntegraFin (IHP), together with its Transact investment platform aimed at investment advisers, would benefit from investors looking to get out of cash prior to rate cuts were amply borne out in the interim results after the company registered net inflows of £1.1bn for the half.Combined with the increase in asset prices during the period, the company saw total funds under direction (FUD) rise by 13 per cent to £61bn.Fees generated by fund flows are the single most important of the company's income streams, and these increased by a healthy 7 per cent to £61mn for the half, broadly in line with the average daily FUD rise of 8 per cent. The Transact platform had 7,849 registered users at the end of the half, an increase of 4 per cent, representing total client numbers of 232,000. In addition, with most of the company's assets comprising net cash of £190mn, interest income doubled year on year to £5.1mn as the company itself benefited from higher interest rates. Meanwhile, total operating expenses were up by 9 per cent to £42.1mn as staff costs rose ahead of inflation. Broker Peel Hunt has the company on a price/earnings ratio of 20 for this year, falling to 18 for 2025. That is relatively rich, but IntegraFin has proved to be consistently resilient in the asset management market. Its experience of positive investment flows this year is matched by that of the larger platforms, which are also seeing retail investors getting back into the market after a period in cash. In addition, as competitive pressures ease because platforms are earning more on invested cash, the advice stands. Buy. |
Posted at 06/7/2023 15:09 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 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 01/6/2018 12:40 by shavian I still hear of non-Transact-using IFAs criticise the charges on the platform, but that has been 'fake news' for several years. Trading charges of 0.05% and share dealing costs of £3.75 (shared between all investors buying that share that day, on the bulk dealing trading run!), family discounts starting to take effect above £60k total AUM with an annual platform charge now reduced to 0.29% etc.Brilliant value for the level of service provided. The growth of AUM should more than protect the bottom line from erosion of revenue through reducing client charges IMO. |
Posted at 25/5/2018 19:59 by bobsa It's earlier than I thought 😁."Next week’s FTSE reshuffle promises to pile a bit more woe at the doorstep of some familiar high street names. The reshuffle is calculated based on closing prices on Tuesday 29 May, will be formally announced after the market closes on Wednesday 30 May, and becomes effective from Monday 18 June." " FTSE 250 promotions Integrafin, the owner of adviser platform Transact, is expected to enter the FTSE 250 following its recent listing. Premier Oil and the AA group also look like securing promotion to the mid cap index, and AO World has a shot too. FTSE 250 Relegations Woodford Patient Capital Trust looks like it may fall out of the FTSE 250 for the first time since it listed in 2015, with the shares now trading around 26p below the £1 launch price. Successes in the fund include Benevolent AI, Oxford Nanopore and Purple Bricks, though these have been outweighed by poor performance from stocks like Prothena, Circassia and Northwest Biotherapeutics. Investing in early stage companies clearly comes with risks attached and, as the title of the trust suggests, a good deal of patience is required. It’s worthy of note that the trust works on a ‘no win, no fee’ basis, so the investment manager shares in the financial fortunes of investors. The trust has to return a cumulative 10% a year before Woodford Investment Management makes a penny, and to date no management fee has therefore been charged." |
Posted at 14/5/2018 13:14 by bobsa Shavian, to be clear I wasn't referring to replicating Hargreaves business model, but the performance of their shareprice since listing.I don't think IntegraFin needs to do anything major differently, in the UK market anyway. I think the balance sheet is a little lazy, so further investments in backoffice software development or international expansion if where I would like them move. Ian and Mike are more risk overse than me, and will run the company relatively conservatively, like they do the platform, and probably continue to do what they do best, steer the company towards steady and predicable growth. In sayimg that, I have less concerns than most about allowing direct investors onto Transact, however I appreciate most don't share that view. |
Posted at 08/5/2018 06:37 by nick_dunton To confirm, no profit or dividend guidance has been issued. I heard it from IntegraFin s investor relations dept last week. They will issue guidance after the next trading update (this month I think).. |
Posted at 14/3/2018 06:03 by shavian Hi guys. I'm new to the thread, but have been an avid fan and user of Transact for over 10 years. I'm a director of a small investment-orientate |
Posted at 05/1/2012 14:01 by acta_topup Honestly, what is going on with these pathetic small volume sells on a daily basis? Of course the MMs are exploiting this to the max, resulting in a steady drop in the shareprice. This seems to be hapening to microcaps across the market at the moment. Guess the long term investors just need to keep taking advantage of the situation, but it's hard to have an endless supply of cash! |
Posted at 07/12/2011 09:23 by acta_topup Good for you tara, I have a sizeable holding here and see great potential if they can keep the momentum going. We are hugely undervalued at this price and the chart looks like this may the catalyst for a significant rerating. BoD and institutional investors have supported the company at a premium to the current shareprice. And I'm very excited about the prospects for the DLM (Digital Learning Marketplace) in 2012/2013. |
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