Integrafin Investors - IHP

Integrafin Investors - IHP

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Stock Name Stock Symbol Market Stock Type
Integrafin Holdings Plc IHP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-8.00 -1.49% 530.50 16:35:04
Open Price Low Price High Price Close Price Previous Close
541.50 529.50 541.50 530.50 538.50
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Top Investor Posts

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.
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.
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."
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.
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)..
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-orientated IFA firm, and we absolutely love Transact as our primary platform, having had lots of other less edifying experiences. Being 'whole of market' we cannot use Transact exclusively, but given the level of service provided we wish we could.Most top-end IFAs rate Transact highly (see surveys from Platforum and elsewhere) mostly for quality of service. Having visited the 'engine room' on a couple of occasions I can vouch for the fact that it's a very happy ship with a great CEO in Ian Taylor. There are about 15 regional teams of about 6-8 operators each zeroed in on a couple of postcode regions. We know the members of 'our' team by name and they know all of our advisers . This works very well and any issues are sorted out by secure email or phone in a flash. What a contrast with the depressing business of trying to talk with anyone at any of the insurance-based platforms like Aviva, Standard Life etc where personal contact has been eroded over the years.Transact used to have a reputation for high charges, and never set itself up to be the cheapest platform, but they have reduced cost over the years and are now very competitive for clients with over £120k on the the platform. family members can benefit from reduced platform charges based on total funds under management which is great for bringing clients' kids into the system very cost-effectively.Most importantly this has always been one of the Very few profitable platforms ,so this should be a great investment for retail investors imho. GLA, DYOR, NAIDisclosure: I have taken a small holding in IHP which I declare to my clients as a potential conflict of interest, but I prefer to regard it as a mark of my confidence in Transact
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!
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.
mike_f: INTELLEGO HOLDINGS PLC ('Intellego' or 'the Company') PLACING TO RAISE GBP135,125 The Board of Intellego, the AIM traded regulatory and compliance focused, digital learning business, are pleased to announce that the Company has raised GBP135,125 (before expenses) through the placing of 67,562,500 new ordinary shares (the "Placing Shares") at 0.20p per share ("the Placing"). Following the announcement of the acquisition of the Digital Learning Marketplace on 15 November existing institutional investors have continued to support Intellego with this placing, to help fund this initiative. As part of the placing arrangements the Company has agreed to subscribe for 21,915,229 ordinary shares for GBP90,948 in Athol Gold and Value plc, an investment company, such shares being available to be placed in an orderly fashion on Intellego's behalf at some future date. The Placing is conditional on admission of the Placing Shares to trading on AIM ("Admission"). Application has been made to the London Stock Exchange for the Placing Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective and dealings to commence on or around 1 December 2011. Following Admission the number of shares in issue will be 649,019,182 Ordinary shares of 0.05 pence per share. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules. Commenting on the transaction Andy Hasoon CEO of IHP said, 'Our shareholders are seeing us execute our strategy and Vision. We are delivering on a number of fronts; we have recruited a new executive team who have a proven track record of building profitable high growth companies. They are putting in place solid scalable foundations. We have re-structured our production into a cost effective, efficient, quality orientated unit. We have begun to recruit a dynamic sales force who focus on customer needs and deliver quality solutions to meet the learning objectives of our blue chip client base. The securing of the Digital Learning Marketplace is another mile post secured.' Great news! Placing above the current sp! Should see a move up tomorrow...
moreforus: Acta - it won;t once some normality returns lots of investors out there are living in a dream world thinking it;s normal for companies to trade at p/e's of 4 with a positive out look or 40% discounts to cash. this is cheap but investors need to come out of the bear cave and some volume return to even get back to anything close to normality best time to buy something with proven fundamentals trading at a large discount to where it should be in normal times - buy things undervalued at a time of maximum pessimism and sell them when they are at fair value at a time of maximum optimism there is no optimism in this market
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