Intermediate Capital Share Discussion Threads

[its the oxman] 14/9/2020 20:17

Added today 1223p

[deadly] 03/9/2020 14:52

Big fall today, any news?

[growthpotential] 29/7/2020 21:10

A great investment company

[riverman77] 21/7/2020 09:40

Good solid update, no particular surprises either way, but fairly pleased with that.

[pvb] 21/7/2020 09:32

Good so far...

[wish i wasnt in rbs] 21/7/2020 08:51

any thoughts on the update today?

[its the oxman] 16/7/2020 22:41

Trading update 21st

[xamf] 17/6/2020 12:40

Ex div tomorrow (18th) Folks.

[mirandaj] 07/6/2020 10:55

https://www.icgam.com/~/media/Files/I/ICGAM-V2/results-centre/2020/may/results-presentation-fy20.pdf

[rambutan2] 04/6/2020 20:55

Re div: Final ordinary dividend up 2% to 35.8p per share; total ordinary dividends in the year up 13% to 50.8p per share

[mysteronz] 04/6/2020 20:52

From IC Analysts at Canaccord Genuity described the results as “better than expected” and now forecast adjusted earnings of 99.3p per share for the year to March 2021.

[xamf] 04/6/2020 18:52

Yes, there’s a slight increase to the divi (35.8p).

[patelnilesh075] 04/6/2020 18:49

Are there paying next div this year

[xamf] 04/6/2020 18:10

Couldn’t resist these today though I averaged 1320 and should have done better. Most positive for me is the 22% increase in assets under management. Bodes well going forward. Presumably assets were valued at discounted levels at the height of the market drop (March) so profits will be boosted going forward.

[rambutan2] 04/6/2020 15:17

Agree. Good set of results and set to continue. And an increased div - not many of those around in the ftse 100.

[its the oxman] 04/6/2020 08:26

Fund raising will be less this year, it has peaks and troughs, coming year has fewer of the large fund offerings but this is nothing new. Still hope to see decent aum growth and all the new money will feed into the fee base. Not disappointed at all. Nice div as well.

[mirandaj] 04/6/2020 08:20

'We expect lower fundraising and investment activity in the short term, but our market fundamentals remain strong, our exposure to the most affected sectors is limited, and we are working closely with all our investments and portfolio companies to help them adapt to this new environment,' chief executive Benoit Durteste said.

[its the oxman] 04/6/2020 08:13

AUM up 22%!

[drsous] 04/6/2020 06:27

Write down has probably already reversed given market performance in April and May.

[mysteronz] 04/6/2020 06:18

Good AUM growth and resilient income there. Prudent unrealised write down given CV19 but fairly minimal and has the ability to bounce back considerably in line the with the economy. Dividend increase a sign of confidence :)

[kzada] 29/5/2020 07:00

can you copy and paste the article pls

[mysteronz] 28/5/2020 20:20

I havent got access to IC - was it positive?

[mirandaj] 28/5/2020 06:13

https://www.investorschronicle.co.uk/shares/2020/05/27/who-is-intermediate-capital-group/

[pvb] 13/5/2020 22:15

From 23 April: HTTPS://www.icgam.com/~/media/Files/I/ICGAM-V2/insight-documents/20200423-covid-19-outbreak-assessment-update.pdf

[mirandaj] 29/4/2020 09:20

27 April 2020 ICG-Longbow, the real estate division of Intermediate Capital Group PLC (ICG), has adopted ICG’s branding. With effect from today, ICG-Longbow will be known as the real estate division of ICG plc, reflecting its position in the company’s structure. ICG acquired 51% of Longbow Real Estate Capital in 2011 and exercised its option to fully acquire the company in 2014, rebranding it as ICG-Longbow. The business has enjoyed significant growth since becoming part of ICG, with assets under management increasing from £250m to 1£4.4bn, across four private debt and private equity strategies. Martin Wheeler, Co-Head of ICG’s real estate division said, “As we enter our tenth year of working together and we look forward to moving into new offices with the wider business, we remain excited about the prospects for the real estate business and contributing to ICG’s future growth.” Kevin Cooper Co-Head of ICG’s real estate division said, “We have been a wholly owned part of the ICG business for a number of years and the revised branding is a natural evolution. What will not change is our performance and delivery focus, which has driven our growth to date, and which we are well known for.” https://www.icgam.com/newsroom/2020/27-04-2020