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ICG Intermediate Capital Group Plc

2,148.00
-6.00 (-0.28%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intermediate Capital Group Plc LSE:ICG London Ordinary Share GB00BYT1DJ19 ORD 26 1/4P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.00 -0.28% 2,148.00 826,027 16:35:03
Bid Price Offer Price High Price Low Price Open Price
2,150.00 2,154.00 2,168.00 2,142.00 2,144.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 921.7M 473.4M 1.6289 13.04 6.26B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 O 1 2,156.00 GBX

Intermediate Capital (ICG) Latest News

Intermediate Capital (ICG) Discussions and Chat

Intermediate Capital Forums and Chat

Date Time Title Posts
13/12/202406:55Intermediate Capital - a conservative lender with upside - cont'd55
13/11/202408:35Intermediate Capital Group36
28/9/200013:48Intermediate Capital Group (ICG) looks very promising.....-

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Intermediate Capital (ICG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-13 16:55:402,140.006128.40O
2024-12-13 16:35:222,144.008171.52O
2024-12-13 16:35:222,144.0016343.04O
2024-12-13 16:35:192,144.00485.76O
2024-12-13 16:35:192,144.005107.20O

Intermediate Capital (ICG) Top Chat Posts

Top Posts
Posted at 14/12/2024 08:20 by Intermediate Capital Daily Update
Intermediate Capital Group Plc is listed in the Security Brokers & Dealers sector of the London Stock Exchange with ticker ICG. The last closing price for Intermediate Capital was 2,154p.
Intermediate Capital currently has 290,631,993 shares in issue. The market capitalisation of Intermediate Capital is £6,173,023,531.
Intermediate Capital has a price to earnings ratio (PE ratio) of 13.04.
This morning ICG shares opened at 2,144p
Posted at 13/11/2024 16:44 by its the oxman
Intermediate Capital Group total assets under management rose to $106bn at the end of its first half, it reported on Wednesday, as fee-earning assets under management were up 4% from 31 March The FTSE 100 company said it achieved $10bn in fundraising, marking its second-highest six-month fundraising performance, including significant client capital raises for SDP V and NACP III, both approximately 50% larger than previous vintages.Management fees increased 23% year-on-year to £287m, while performance fees grew 9% to £32m.The fund management company's profit before tax rose 21% to £196m, resulting in a 55.3% profit margin, reflecting ICG's focus on operational efficiency.Group operating expenses remained stable compared to the prior half-year, up 8% year-on-year to £197m.Investment momentum continued to build, with private debt returning to net deployment in the second quarter.Group profit before tax was £198m, down from £242m in the first half of the 2024 financial year, and earnings per share decreased to 57.6p from 71.5p.Despite the profit drop, ICG maintained its interim dividend, increasing slightly to 26.3p per share in line with policy."During the last six months we have reinforced our leading positions in flagship strategies and have significantly progressed a number of scaling strategies," said chief executive and investment officer, Benoît Durteste."We are reporting near-record levels of fundraising, increasing transaction activity, higher client numbers, and growth across almost all key financial metrics."Senior Debt Partners completed the largest ever direct lending fundraise in Europe at $17bn1, reinforcing ICG's position of strength and incumbency to capitalise on that market."Durteste said the company's structured capital, secondaries and real assets strategies - which accounted for around 55% of its fee-earning assets under management - were originating attractive opportunities and experienced higher levels of investment activity than recent periods."We have just hosted our annual LP gatherings in Europe, the US and Asia."ICG's differentiated client offering resonates strongly, founded upon our distinctive waterfront of products with top quartile performance and DPI in a number of strategies, supported by our continued platform investments."Benoît Durteste said that while uncertainty persisted in a number of areas, the firm was seeing that managers such as ICG could generate attractive returns and raise significant amounts of client capital."This is accelerating the development of a relatively small group of globally relevant, scaled private market managers, and gives us confidence as we look to our next $100bn and beyond."At 1012 GMT, shares in Intermediate Capital Group were down 5% at 2,128p.
Posted at 13/11/2024 08:10 by pvb
Intermediate Capital Group plc: Interim Results for the six months ended 30 September 2024
13/11/2024



Highlights

• AUM of $106bn, including fee-earning AUM of $73bn (up 4% compared to 31 March 2024) and $19bn AUM not yet earning fees

• Fundraising of $10bn, ICG's second-highest ever six month fundraise. Included final closes of SDP V and NACP III, both with ~50% more client capital than prior vintage. First close of Europe IX expected in FY25

• Investment activity continues to build; Private Debt reverted to net deployment in Q2

• Management fees of £287m, up 23% year-on-year (+10% LTM compared to FY24)

• Performance fees of £32m, up 9% year-on-year

• Fund Management Company profit before tax of £196m, up 21% year-on-year (+9% LTM compared to FY24). FMC PBT margin of 55.3%

• Group operating expenses of £197m, flat compared to H2 FY24 and up 8% year-on-year

• Balance sheet generated NIR of £48m (3% return, five year average return of 11%); NAV per share1 of 788p

• Group PBT of £198m (H1 FY24: £242m) and Group EPS of 57.6p (H1 FY24: 71.5p)

• Interim dividend of 26.3p per share, in line with policy (H1 FY24: 25.8p per share)

"While uncertainty persists in many areas, we are seeing that top-tier managers such as ICG can generate attractive returns and raise significant amounts of client capital. This is accelerating the development of a relatively small group of globally relevant, scaled private market managers, and gives us confidence as we look to our next $100bn and beyond."


Might be an idea to keep an eye on the evolution of the Management fees/Group PBT ratio?
Posted at 11/9/2024 13:45 by its the oxman
ICG up today.Intermediate Capital : ICG announces final close for Senior Debt Partners fund 5 at $17bn, significantly above targetSeptember 11, 2024 at 06:38 am EDT ShareLargest ever direct lending fundraise in EuropeICG, the global alternative asset manager, has held the final close for the fifth vintage of its flagship direct lending strategy, Senior Debt Partners ("SDP"). The fund and associated vehicles* raised a total of $17bn (approximately €15.2bn), significantly exceeding the initial target of $11-12bn. To date, the fund has invested circa 45% of the capital raised.SDP was launched in 2012 to provide first lien, senior secured loans to a wide and diversified pool of mid and upper mid-market European-based businesses, typically owned by leading private equity firms. Today the strategy is a market leader in the asset class, investing and managing capital on behalf of over 180 clients.Benoît DurtesteBenoît Durteste, CIO and CEO of ICG, commented:This fundraise underlines ICG's leading position in European direct lending. We are proud to be amongst the beneficiaries of a market environment in which clients are increasingly looking to partner with a smaller number of managers, and this significant upsize of one of our flagship funds is a notable achievement as we execute our strategy of scaling up and scaling out.Peter LockheadMathieu Vigier Peter Lockhead and Mathieu Vigier, Co-Heads of SDP, commented:The direct lending market in Europe remains attractive from an investment perspective through economic cycles, and we have a significant pipeline of opportunities. Today's announcement underlines the appeal of SDP's clear investment strategy and our differentiated origination platform, and we are grateful to our clients for the support they have shown.
Posted at 02/9/2024 07:26 by mirandaj
Be aware how they plan their strategy constantly.

QUOTE

Tax Strategy FY2023 icgplc.com

 ICG is a global alternative asset manager creating sustainable value by partnering with ambitious businesses.  Our business involves raising capital from third party investors, investing that capital and maximising returns from investment for our investors.  We manage over $70bn of AUM and our responsibilities set out within our global tax strategy are critical to deliver the appropriate tax outcomes for the Group, our international third party investors, our investing structures and our people.  The Group’s tax team sit at the heart of the organisation and report directly to the Chief Financial and Operating Officer (“CFOO”).  The CFOO reports to the Audit Committee who oversee the tax strategy and risk management framework.   The Group considers tax risk in line with the four key areas: Investors, Investments, Group and our People (in respect of withholding compliance for employees).  In each area, we focus on the design of responsible and sustainable structures, and the timely and accurate reporting of relevant tax compliance information.  


The Group has a low appetite for tax risk and the sustainability of our structuring arrangements are fundamental to managing the ongoing risk appetite of the Group and the certainty of tax outcomes for our stakeholders therein.  The Tax Strategy published herein sets our approach to managing the tax affairs of ICG plc and its subsidiaries (together the “Group”), both in the UK and in each of the markets in which it operates.  The Group does not provide tax advice to our investors, investments or our people.  Our third party investment funds seek their own independent professional advice to meet their respective investing or business need. 


  The Tax Strategy for the Group covers:  -

 - - - - Our tax governance framework; 

 Our commitment to timely and accurate tax compliance, including tax payments;

  Our approach to tax planning;  ;

Our ongoing controls to limit tax risk, and manage any residual risk arising;

 and Our commitment to build positive relationships with tax authorities and related government bodies. 

 The publication of this Tax Strategy is in compliance with paragraph 16(2) of Schedule 19 to the Finance Act 2016 for the financial year ending 31 March 2023.   
Posted at 12/8/2024 12:14 by its the oxman
Intermediate Capital Group (LSE:ICP) has been upgraded by Deutsche Bank which said "risk off periods have tended to be the best time to buy" the alternative asset manager.Analysts at the bank moved their rating to 'buy' from 'hold', with a target price unchanged at 2550p compared to a last close price of 1922p."From a share price perspective, ICG has historically traded poorly when markets are in a risk-off phase," said analyst David McCann."Judging by the share price movement in recent weeks, this time feels no different, early on in this current risk-off market phase."In his view, times like these make shares in the FTSE 100-listed group more attractive on a time horizon of a year or more.Management fee related earnings are the key element of profits and have "substantial downside protection", the analyst added."Whilst there are other parts of group earnings / net worth more sensitive to the macro-economy, these are smaller, less valuable and we think there are substantive potential offsetting considerations."
Posted at 17/7/2024 08:24 by its the oxman
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.
Posted at 16/7/2024 14:51 by martinmc123
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
Posted at 23/5/2024 11:30 by zeppo
More from this amazing company!

Grey Wolf Therapeutics closes oversubscribed $50 million Series B financing expansion, led by ICG Life Sciences team, to accelerate and expand first-of-its-kind antigen modulation technology
Brings total Series B funds raised to nearly $100 million
Proceeds to support broadening scope of ongoing clinical trial of GRWD5769; first clinical data to be reported at ASCO 2024
Company to expand R&D efforts to develop disease-modifying therapies for autoimmune disorders
Grey Wolf Therapeutics, a clinical-stage biotechnology company leveraging first-of-its-kind antigen modulation therapies to address the source of immune dysfunction in oncology and autoimmunity, today announced the closing of an oversubscribed $50 million Series B financing expansion, bringing the total amount of Series B funds raised to $99 million. The Series B expansion round was led by ICG’s Life Sciences team and included further investment from existing investors Pfizer Ventures, Andera Partners, Canaan, Earlybird Venture Capital, Oxford Science Enterprises and British Patient Capital.

Proceeds from the round will be leveraged to broaden the scope of the company’s ongoing Phase 1/2 clinical trial of its lead immuno-oncology candidate, GRWD5769, in a range of solid tumour types. The funding also enables the company to expand research and development (R&D) for its versatile antigen modulation approach into treatments for autoimmune disease indications.
 
Tracy Weightman, Associate Director at ICG, said:

"Grey Wolf is an exciting growth stage UK biotechnology company with a novel and differentiated approach that has the potential to transform the lives of millions of patients globally. This investment demonstrates our commitment to building leading biotechnology companies and enabling them to compete on a global stage. We are pleased to support Grey Wolf through the next stage of its growth journey, enabling the company to advance its clinical development strategy and expand into new therapeutic areas."
Posted at 22/5/2024 18:57 by zeppo
hxxps://www.icgam.com › 2024 › 05 › 22 › icg-and-teras-launch-templus-the-first-southern-europe-regional-data-centre-platform

ICG and Teras launch Templus, the first Southern Europe regional data ...
Today

Templus utilises a new business model premised on infrastructure's close-to-end customers, digital security, and the highest standards of sustainability and energy efficiency.

ICG, the global alternative asset manager, and Teras Capital (" Teras "), the investment platform led by successful digital

This and Full Year Results on 28th May: Wow!
Posted at 15/4/2024 09:09 by its the oxman
!FOLLOWFEED
New ticker , new thread cont'd for ICG ,a global alternative asset manager with a 35-year track record.

We are driven by purpose and sustainable results. We deliver outstanding investment performance to our clients, provide wide‐ranging capital solutions for corporates and owners of real assets, and create value for stakeholders, shareholders and communities. Assets managed over four classes, Structured and Private Equity, Private Debt, Real Assets and Credit.

Been one of my longer term holdings with ups and downs over the years but longer term shown a real ability to grow AUM strongly often regardless of market conditions. As it becomes a bigger more profitable business the div and share price should have scope to increase significantly. All contributions and insights very welcome.
Intermediate Capital share price data is direct from the London Stock Exchange

Intermediate Capital Frequently Asked Questions (FAQ)

What is the current Intermediate Capital share price?
The current share price of Intermediate Capital is 2148p.
How many Intermediate Capital shares are in issue?
Intermediate Capital has 290,631,993 shares in issue.
What is the market cap of Intermediate Capital?
The market capitalisation of Intermediate Capital is GBP 6.26 B.
What is the 1 year trading range for Intermediate Capital share price?
Intermediate Capital has traded in the range of 1,853.00p to 2,448.00p during the past year.
What is the PE ratio of Intermediate Capital?
The price to earnings ratio of Intermediate Capital is 13.04.
What is the cash to sales ratio of Intermediate Capital?
The cash to sales ratio of Intermediate Capital is 6.70.
What is the reporting currency for Intermediate Capital?
Intermediate Capital reports financial results in GBP.
What is the latest annual turnover for Intermediate Capital?
The latest annual turnover of Intermediate Capital is GBP 921.7M.
What is the latest annual profit for Intermediate Capital?
The latest annual profit of Intermediate Capital is GBP 473.4M.
What is the registered address of Intermediate Capital?
The registered address for Intermediate Capital is PROCESSION HOUSE, 55 LUDGATE HILL, LONDON, EC4M 7JW.
What is the Intermediate Capital website address?
The website address for Intermediate Capital is www.icgam.com.
Which industry sector does Intermediate Capital operate in?
Intermediate Capital operates in the FINANCE SERVICES sector.

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