Integrafin Share Discussion Threads

[faz] 15/10/2024 13:17

I have increased my holding

[ih_451482] 15/10/2024 07:55

Excellent update today. On its way to 500p in 2025!

IntegraFin Holdings PLC, operator of the UK’s Transact investment platform, has reported record funds under direction (FUD) of £64.1 billion, marking a 17% increase over the past year. The company saw strong Q4 net inflows of £0.8 billion and expects total revenue for FY24 to be around £145.0 million, attributing this growth to their award-winning service and technology. The number of advisers and clients using the platform has also reached new highs, signaling robust growth despite economic uncertainties.

[xtrmntr] 22/7/2024 06:25

Buy' Integrafin, says BerenbergFlows to investment platform operator Integrafin (IHP) remain solid and it will not be impacted by imminent interest rate cuts, says Berenberg.Analyst Alexander Bowers retained his 'buy' recommendation and increased the target price from 390p to 400p on the owner of the financial adviser investment platform Transact, whose shares retreated 0.8% to 371p at the end of last week, but have jumped 40% over 12 months.A third-quarter update from the group showed funds under direction continued to grow, driven by both inflows and positive market movements.'Net inflows came in higher than consensus expectations, with the company highlighting that net flows remained strong despite challenging macroeconomic conditions,' said Bowers.'Looking forward, we expect the business to grow earnings as it continues to add client assets onto the platform.'The fact that the platform, unlike some peers, does not hold on to interest earned on client cash will also work in its favour as 'it does not face the same potential rate-cut and regulatory headwinds as some other platforms', which are currently being scrutinised by the Financial Conduct Authority.

[davydoo] 29/5/2024 09:20

Because Transact don't earn interest on client cash, they are a very 'clean' proposition when comparing to other platforms who would see their own income fall, if their interest margin on client cash fell due to either regulatory pressure or falling interest rates

[xtrmntr] 28/5/2024 20:09

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.

[its the oxman] 22/5/2024 11:25

Good results, could see a bit of a rerating as growth returns. Should of bought more when 250p

[tmfmayn] 06/7/2023 15:09

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

[bazzerp] 11/1/2023 14:49

Thanks TMFM that article was very useful in giving a more realistic view of Profits and their accounting.

[tmfmayn] 21/6/2022 17:43

[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"

[davydoo] 27/5/2022 08:42

I don't believe Transact (an adviser platform) are under the same pressures as say HL (a retail platform)

Adviser money is sticky, and increasing. No one puts money with Transact to take it out and buy a house 5 years later. It's in pensions that will last 30 years, and which advisers have coached their clients of the need for it to increase (to maintain future inflation linked income) and not treat as a pot to spend down.

[albert arthur] 27/5/2022 07:10

https://twitter.com/albert__arthur/status/1530082697758097409?s=21&t=ZJs0PPtuBC5q9VAXWVAhmA

[albert arthur] 27/5/2022 07:05

Definitely an overreaction, would expect this to move back to circa £3.35p pretty quickly.

[shavian] 27/5/2022 05:50

Ludicrous over-reaction in my view.

[salpara111] 26/5/2022 14:12

Had these on my watchlist waiting for these results. I have to say I'm a little confused by the seriously negative reaction which leaves me entirely unclear as to whether to take a stake or not!

[davydoo] 26/5/2022 08:13

I bought the dip. 50% down on 6 months ago, just seems too much

[kalai1] 18/1/2022 15:32

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

[shavian] 17/12/2021 09:29

WTF happened yesterday? Very decent results, and then whammy?

[super_sub] 07/9/2021 09:35

So a director has sold 3.5m shares (1.1% of the company) for £20m, and in doing so has knocked about £70m off the market cap & £5m off his remaining 7.8% holding. Way to go!

[matt123d] 12/8/2021 15:21

Looking good for a break of long term range here

[shavian] 22/5/2020 09:59

Transact never set out to be the cheapest platform - simply the best! In fact their fees have been progressively reduced over the years. For any portfolios between £60k - £150k they offer reasonable charges. Over £150k they are not expensive for an advised platform.

[greenrichard] 19/2/2020 11:17

FTSE 250 even

[bobsa] 19/2/2020 10:12

How is this chat so quiet with the share performing so well?

[bobsa] 19/12/2019 23:26

Yeah, great guy and well deserved semi-retirement.

If I could correct, IHP is main market, not Aim