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IHP Integrafin Holdings Plc

383.00
9.50 (2.54%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  9.50 2.54% 383.00 193,511 16:35:01
Bid Price Offer Price High Price Low Price Open Price
383.00 386.50 386.00 372.00 375.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 134.9M 49.9M 0.1506 25.60 1.24B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 116,890 383.00 GBX

Integrafin (IHP) Latest News

Integrafin (IHP) Discussions and Chat

Integrafin (IHP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:01383.00116,890447,688.70UT
2024-07-26 15:34:03384.504201,614.90O
2024-07-26 15:33:58384.508223,160.59O
2024-07-26 15:29:44385.50161620.66AT
2024-07-26 15:29:44385.5028107.94AT

Integrafin (IHP) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Integrafin Daily Update
Integrafin Holdings Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker IHP. The last closing price for Integrafin was 373.50p.
Integrafin currently has 331,322,014 shares in issue. The market capitalisation of Integrafin is £1,277,246,364.
Integrafin has a price to earnings ratio (PE ratio) of 25.60.
This morning IHP shares opened at 375p
Posted at 22/7/2024 07:25 by xtrmntr
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.
Posted at 28/5/2024 21:09 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 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 19/2/2020 10:12 by bobsa
How is this chat so quiet with the share performing so well?
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 07:46 by shavian
Very satisfactory set of results at first glance imho. I agree with Bobsa that IHP is grossly undervalued.
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.
Integrafin share price data is direct from the London Stock Exchange

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