Intermediate Capital Share Discussion Threads

[its the oxman] 20/6/2014 15:01

Agree, relying on yield support at this price rather than the chart

[speedsgh] 20/6/2014 14:41

No real support immediately below if it doesn't regain 400p support. Seeing as next ex-div isn't until Jan 2015, I'd prefer to wait a while to see how things pan out.

[its the oxman] 20/6/2014 14:30

Topped up today 390p. Hoping most of the disappointment is in the price at this level. Pessimism seems very overdone.

[pvb] 19/6/2014 11:26

Quite a few share buybacks going on here over the last week or so.

[lab305] 12/6/2014 12:24

pvb you are too cautious. They have put a share buyback scheme in place for up to £100m as the shares are far too cheap and they can save money by buying the shares up rather than paying 5% on them. So far they have only spent about £4.5m so plenty more to go. Around £4.80 would be a fair price not £4, and in the extremely low interest environment we are in the stock looks even more attractive. Profits are up and prospects look good for the future.

Full year results: Despite reported progress at the specialist asset manager, the share price retreated in early morning UK stockmarket trading, falling by over 3%. The Chief Executive noted that "Intermediate Capital Group (ICG) has delivered a good set of results, with steady overall growth in group profits up 11% and a strong increase in third party Assets Under Management (AUM) at a time when assets have exited our portfolios at a record rate due to favourable market conditions. We continue to fund raise well and develop new opportunities for investors in line with our strategy to develop our third party fund management business." Profit at its Investment Company rose to £140.1 million compared to £107.9 million in the prior year, whilst profit generated by the Fund Management business declined to £35 million (£40.4 million).

The Chief Executive went on to note that "in light of ICG's strong financial discipline and balance sheet we are increasing our dividend by 5% for this year and announcing a share buyback programme of up to £100 million as we seek to balance returns to shareholders and further investment in growing our fund management capabilities." Consensus analyst opinion currently points towards a buy

[pvb] 11/6/2014 14:14

Be careful! I don't think I shall be buying more - but then I have loads already. ;-)

They are inevitably highly geared. If the market 'corrects' these will nosedive, less chance of floating off holdings and AUM in funds will decline.

[lab305] 11/6/2014 08:54

Bought a load of these this morning. Buys far outpacing sells yet the price falls to this unrealistic level. Must be a large seller and will probably appear at the close. Take the opportunity whilst you can. Buy.

[maurillac] 11/6/2014 08:40

ok thanks lab305
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[lab305] 11/6/2014 08:27

Ex dividend but fall overdone.

[maurillac] 11/6/2014 08:11

why the fall today ?
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[its the oxman] 01/6/2014 22:41

Good to see these almost back to 420p. Now nearer a 5% yield but still very attractive.

[speedsgh] 23/5/2014 12:29

Its the OXMAN - what are using as forecast dividend for the current FY? going on the pattern in recent yrs one might assume 22p which at the current offer of 398p gives a 5.5% forward yield?

[its the oxman] 22/5/2014 21:59

Top up time. Near 6% yield for next year, and growing.

[maurillac] 22/5/2014 16:32

"disgraceful, bizarre" ... yes you say this but ive seen this sort of share price action upon release of good results a lot recently eg tef. the market does what it wants to ...
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[lab305] 22/5/2014 11:25

Disgraceful market reaction to a good set of results.Doubled my investment in these yesterday.Buy.

[maurillac] 21/5/2014 12:03

well i sold on friday, glad i did now ! markets looked shaky to me generally so i took some profits and small losses. 325-350 would be a good reentry level for me if we get there.
gla
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[speedsgh] 21/5/2014 11:43

Share price looking a bit sick. If 400p support isn't regained, doesn't seem much support until c325-350p, which would be a very attractive level to add.

[topvest] 20/5/2014 16:36

Profit taking no doubt. More than happy to hold this. A quality company.

[dimpkins] 20/5/2014 12:36

Numis has their recommendation under review, I thought the figures looked good, but then again ........

[deadly] 20/5/2014 09:01

Results look good to me and divi up 5%. Yet like many other companies reporting good results, share price is down.

[maurillac] 16/5/2014 10:31

anyone see anything that may explain a 3.2% fall in share price today ? or is it just our turn here ;)
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