Intermediate Capital Share Discussion Threads

[its the oxman] 09/8/2024 15:43

As of 6th Aug,Deutsche Bank raises Intermediate Capital to 'buy' (hold) - price target 2,550 pence

[davius] 05/8/2024 08:51

No interest here but I just spotted this on my II feed which made me smile on a day when the markets are diving...

JPMorgan cuts Intermediate Capital price target to 2,623 (2,703) pence - 'ow'

Ow indeed!

[pvb] 02/8/2024 22:12

That's cooled things down a bit!

[its the oxman] 25/7/2024 10:52

Added 2023p. Down heavily today. Time to buy? Hoping so.

[its the oxman] 17/7/2024 08:24

Guess temporary share price weakness might be due to fee earning funds being below consensus. But an opportunity as the finds are there to deploy so more a timing issue than anything else. Intermediate Capital Group raised more funds than expected at the start of its fiscal year amid "elevated" transaction activity.During the quarter ending in June, assets under management at the alternative asset manager rose by 23.7% year-on-year to reach $101bn (consensus: $97.82bn).But of that amount only $70bn were fee-earning (consensus: $71.69bn) following 10% growth in annual terms.The firm raised $4.7bn of new funds during the quarter (consensus: $3.44bn), including $2.1bn for its Senior Debt fund and another $1.4bn for the Strategic Equity V fund.Analysts at UBS had anticipated $0.5bn in monies raised for each of those funds.Intermediate Capital deployed $3.9bn of funds during the period and achieved realisations of $2.5bn, against $1.0bn and $0.6bn one year before, respectively.The firm's expectations were unchanged from at the time of its full-year results presentation.As of 1242 BST, shares in Intermediate Capital were slipping by 1.34% to 2,208.0p.

[martinmc123] 16/7/2024 14:51

Intermediate Capital Group issued an upbeat Q1 update which confirmed that AUM reached $101b at 30th June 2024. This was up 3% over the previous quarter and 23.7% yoy, leaving the 5-year CAGR at 19.5%. This is pretty impressive AUM growth over both the past 1- and 5-years and should continue to feed through into more robust topline and bottom-line growth. Valuation is average for the IB&IS sector with forward PE ratio at 13.0x, but it is relatively cheap given the share’s own recent trading performance – the trailing 12-month PE ratio has traded over 15x in 5 of the past 6 years. There is both a solid EPS growth outlook and some upward rerating potential here. Last but not least, the share price has solid positive momentum and is currently testing resistance around record highs. A move through the 2400p level opens up uncharted territory and with monetary policy easing cycles set to start on both sides of the Atlantic though H2, asset prices could extend their good run for a while from here on. BUY...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/ICG/838

[pvb] 16/7/2024 09:13

Latest Quarterly Trading Statement:

Intermediate Capital Group plc: Q1 Trading Statement for the three months ended 30 June 2024
16/07/2024 7:00am



"Expectations remain unchanged from our FY24 results"

[its the oxman] 16/7/2024 07:16

Muted reaction to a strong quarter of money raising. Expectations unchanged at this stage , but if money keeps coming in that rate I can only see forecasts going up again. Just too early in the year to want to acknowledge it I'd guess.

[pvb] 15/7/2024 09:39

AGM and Q1 trading statement tomorrow 16 July.

[its the oxman] 15/7/2024 08:08

2280p Firmed up a little with Q1 trading statement imminent.

[growthpotential] 21/6/2024 19:33

All aboard this rocket ship

[scottishfield] 18/6/2024 14:48

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

[its the oxman] 18/6/2024 14:44

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 14:15

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

[pvb] 13/6/2024 13:48

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 16:26

Nice to collect the entitlement to a dividend tomorrow

[pvb] 05/6/2024 15:54

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 13:08

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

[growthpotential] 31/5/2024 21:15

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

[its the oxman] 29/5/2024 08:57

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

[pvb] 28/5/2024 13:14

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 07:48

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

[its the oxman] 28/5/2024 07:47

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.