Intermediate Capital Share Discussion Threads

[growthpotential] 21/6/2024 20:33

All aboard this rocket ship

[scottishfield] 18/6/2024 15:48

Quite so Oxman, & it'll go higher again imo

[its the oxman] 18/6/2024 15:44

6 days ago - JPMorgan on Thursday reduced the price target of private equity company Intermediate Capital Group to 27.03 pounds sterling from 27.98.Not complaining, still way higher than where we are.

[growthpotential] 13/6/2024 15:15

That's fine, this is now in my top 10

[pvb] 13/6/2024 14:48

I have to say, by now, this thing dominates my portfolio. :-o

Seems I don't really do 'balanced portfolios'. LOL!

[growthpotential] 12/6/2024 17:26

Nice to collect the entitlement to a dividend tomorrow

[pvb] 05/6/2024 16:54

Funding development in today’s market
3 June 2024



Development viability has changed, but that may be good news for debt investors, says ICG Real Estate’s Jai Patel

[its the oxman] 04/6/2024 14:08

Ok , added today 2245p. Results were good, pull back seems undeserved and div coming up.

[growthpotential] 31/5/2024 22:15

We need the ox man to invest more bare cash at these levels

[its the oxman] 29/5/2024 09:57

Barclays raises intermediate capital group target to 2,900 (2,450) pence - 'overweigh

[pvb] 28/5/2024 14:14

Final results:

Highlights

AUM of $98bn1; fee-earning AUM of $70bn, up 11%2 compared to FY23 and five-year annualised growth of 17%

Fundraising of $13.0bn, including 31% from North America and 11% from Wealth channel. LP Secondaries held its final close at the hard cap of $1.0bn

Record management fees of £505m, up 5% compared to FY23 (+11% excluding catch-up fees)
Performance fees of £74m

Fund Management profit before tax of £375m, up 21% compared to FY23

Net Investment Returns of £379m (13%); Investment Company profit before tax of £223m; NAV per share of 801p

Total ordinary dividend per share for FY24 of 79p, representing the 14th consecutive annual increase

Revised medium-term guidance, including fundraising target of at least $55bn in aggregate in the next four years

[its the oxman] 28/5/2024 08:48

Just spiked again so hopefully every chance of closing later today over 2400p. That would be nice.

[its the oxman] 28/5/2024 08:47

Sold my top up bought at 1955p for 2380p this morning. A tad spooked by modest dividend increase. Kind of regret it but never wrong to take a few profits. Be interesting to see if any further comments come out of todays morning meeting. Keen to see what forecasts and revised price target look like after today given the strong eps delivered.

[chinese investor] 28/5/2024 08:45

My Share For 2024 !

[p49b] 28/5/2024 08:23

The Board has proposed a final dividend of 53.2p per share which, combined with the interim dividend of 25.8p per share, results in total dividends for the year of 79.0p (FY23: 77.5p). This marks the 14th consecutive year of increases in our ordinary dividend per share, which over the last five years has grown at an annualised rate of 12%. We continue to make the dividend reinvestment plan available.

[chinese investor] 28/5/2024 08:21

Final Ordinary Dividend 53.2p
Interim Ordinary Dividend 25.8p

Total 79p

[its the oxman] 28/5/2024 08:06

Strong results eps, fum, etc Div increase only slight disappointment. That said targets outlined to raise 55bn over next 4 years shows how much growth is to come and should justify a continued increase in the share price. Morning presentation to come as well.

[zeppo] 28/5/2024 08:06

Mystified by dividend announcement.

Is 79p the final dividend or the annual dividend.

My records may be wrong ut there are two dividends per year, are there not?

[chinese investor] 28/5/2024 08:02

that'll do nicely

[zeppo] 28/5/2024 07:52

Tag57

Agreed!

[tag57] 28/5/2024 07:37

Results look pretty decent but divi increase to 79p disappointing given results.

[dustinthyme] 27/5/2024 18:55

hxxps://theoakbloke.substack.com/p/icg-enterprise-trust-lonicgt

[pvb] 27/5/2024 13:39

The rising price leading up to the results (28th may) suggests expectation of strong results. We shall soon find out whether justified or not!