We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Integrafin Holdings Plc | LSE:IHP | London | Ordinary Share | GB00BD45SH49 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
33.00 | 10.58% | 345.00 | 344.50 | 345.50 | 354.00 | 315.00 | 315.00 | 670,470 | 12:26:51 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 134.9M | 49.9M | 0.1506 | 23.11 | 1.15B |
TIDMIHP
RNS Number : 7576Z
IntegraFin Holdings plc
16 January 2024
LEI Number: 213800CYIZKXK9PQYE87
16 January 2024
IHP Group quarterly update - Q1 of financial year 2024
IntegraFin Holdings plc ("IHP" or "the Group"), operator of Transact, the UK's premium investment platform for clients and UK financial advisers, is pleased to update on performance for the three months ended 31 December 2023.
The Group has continued to demonstrate solid momentum with continued growth of the Transact platform despite current market conditions.
Group highlights
-- Record quarter end funds under direction (FUD) on the Transact platform of GBP58.0bn, up 11% over the past year.
-- Record average daily FUD for the quarter of GBP55.5bn in Q1 FY24 (Q1 FY23: GBP51.5bn).
-- Record number of clients registered on the platform at 231k (Q1 FY23: 227k), in addition to continued growth of the adviser base on the platform with 7.8k advisers registered at Q1 FY24 (Q1 FY23: 7.6k).
-- Resilient Q1 FY24 flows to the Transact platform, with net inflows of GBP0.3bn, and gross inflows of GBP1.7bn.
-- Time4Advice demonstrating continued progress with total chargeable users of CURO software now at over 2.8k.
-- Guidance issued at year end FY23 remains unchanged for FY24 (ending 30 September 2024).
Transact platform reporting for Q1 FY24:
Quarter Quarter ended ended 31 December GBPm 31 December 2022 2023 ---------------------------- -------------- ---------------- Opening FUD 54,959 50,070 Inflows 1,657 1,469 Outflows -1,389 -769 Net flows 268 700 ---------------------------- -------------- ---------------- Market movements 2,786 1,319 Other movements(1) -3 -26 ---------------------------- -------------- ---------------- Closing FUD 58,010 52,063 ---------------------------- -------------- ---------------- Average daily FUD for the period (GBPm) 55,474 51,470 ---------------------------- -------------- ---------------- Number of registered advisers 7,820 7,632 Number of platform clients 231,413 226,996 ---------------------------- -------------- ----------------
Alex Scott, IHP Group Chief Executive Officer, commented:
"I am pleased with the continued organic growth of our platform adviser and client numbers, demonstrating the success of our business model. Despite current market conditions, inflows remain resilient, and we have seen average daily FUD over the quarter increase to GBP55.5bn, with this being the main driver of Group revenues.
I was delighted to welcome Euan Marshall to the Group as our new Group Chief Financial Officer at the start of January. He brings extensive experience working as CFO of a UK listed financial services company and is a welcome addition to our leadership team.
Although the macroeconomic outlook is uncertain, our position in the market remains very strong. Transact is one of the leading adviser platforms in the market for service and functionality, and the Group benefits from consistent recurring revenues and economies of scale."
Transact platform historical information:
Q2 Q3 Q4 Q1 FY23 Q2 FY23 Q3 Q4 FY23 Q1 FY24 GBPm FY22 FY22 FY22 FY23 ----------------------------- -------- ------------ ------------ -------- -------- -------- --------- -------- Opening FUD 54,539 53,500 50,300 50,070 52,063 53,973 54,606 54,959 Inflows 2,092 1,703 1,505 1,469 1,825 1,517 1,595 1,657 Outflows -697 -703 -785 -769 -900 -900 -1,184 -1,389 Net flows 1,395 1,000 720 700 925 617 411 268 Market movements -2,376 -4,152 -927 1,319 994 21 -62 2,786 Other movements (1) -58 -48 -23 -26 -9 -5 4 -3 Closing FUD 53,500 50,300 50,070 52,063 53,973 54,606 54,959 58,010 ----------------------------- -------- ------------ ------------ -------- -------- -------- --------- -------- Average daily FUD for the period (GBPm) 52,551 51,889 52,217 51,470 53,842 54,288 54,964 55,474 ----------------------------- -------- ------------ ------------ -------- -------- -------- --------- -------- Number of registered advisers 7,356 7,469 7,537 7,632 7,563 7,606 7,683 7,820 Number of platform clients 218,787 221,992 224,705 226,996 228,232 229,659 230,294 231,413
Notes:(1)Includes fees, taxes and investment income.
Enquiries Investors Luke Carrivick, IHP Head of Investor Relations +44 020 7608 5463 Media IHP@fgsglobal.com FGS Global: Mike Turner +44 7775992415 FGS Global: Chris Sibbald +44 7855955531
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
QRFGPURWGUPCGMA
(END) Dow Jones Newswires
January 16, 2024 02:00 ET (07:00 GMT)
1 Year Integrafin Chart |
1 Month Integrafin Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions