Intermediate Capital Share Discussion Threads

[jeremy40] 26/5/2017 05:43

....and mine, wow!!

[pvb] 25/5/2017 22:52

Whoopsy! My largest holding too...

[gre] 25/5/2017 09:16

I've held these for quite a few years and they have rewarded me with a huge return on my initial investment. Today's jump in the share price and the dividend is most welcome. I'm really surprised though that there is so little interest on here apart from Oxman and a few others.

[stevie blunder] 25/5/2017 09:02

Yep, I'll settle for that.
Not many companies will make such a long term dividend growth forecast, they must be very confident.

[its the oxman] 25/5/2017 08:26

Strong results and outlook. Got to go higher.

[its the oxman] 12/4/2017 13:55

Almost 730p and pressure building.

[its the oxman] 16/3/2017 11:58

Chart suggests to me this is ready to break up towards 750p and beyond.

[deadly] 31/1/2017 11:14

Nice TU, deserves to be much higher.

Total AUM up 3% to EUR22.6bn in the quarter, with EUR0.6bn of new third
party money raised in the three months to 31 December 2016; third party
fee earning AUM up 5% to EUR17.3bn

[its the oxman] 29/11/2016 17:01

Gonna break clear of 700p, just a matter of time.

[jeremy40] 15/11/2016 18:09

..hopefully a substantially increased dividend, which is what I think they should be paying already, following the share consolidations the last two summers.

[pvb] 15/11/2016 17:39

"In light of the ongoing progress to grow and diversify the business, the Board has begun a review of the dividend policy and will provide a further update with the full year results."

Wonder what that's about.

[speedsgh] 15/11/2016 10:18

Interim Results -

FINANCIAL HIGHLIGHTS
> Group profit before tax of £126.2m (H1 2016: £93.9m), driven by a strong period of capital gains.
> Adjusted Group profit before tax1 was £133.0m (H1 2016: £88.1m)
> Fund Management Company profits up 17% to £34.0m (H1 2016: £29.0m), with third party fee income up 26%
> Investment Company profit is higher at £92.2m (H1 2016: £64.9m)
> Interim ordinary dividend up 4.2% to 7.5 pence per share in addition to the £200m special dividend paid in August 2016

"The Board recommends an interim dividend of 7.5p, an increase of 4.2% on the prior year interim dividend. The dividend will be paid on 9 January 2017 to shareholders on the register on 2 December 2016."

"ICG now has a more diversified business than at any point in our history. As such, we are well placed to manage, and indeed take advantage of opportunities arising from the attractiveness of the alternative asset market, as well as the uncertainties arising from the UK's vote to leave the European Union. We have a long established, substantial presence in Europe operating through existing subsidiaries and will maintain multiple options for new fund licences to ensure access to EU and non EU clients. However, we do not anticipate the need for any significant organisational change and have no intention of moving our UK operations.

Overall, we remain committed to generating strong returns for our shareholders by continuing to focus on return on equity through growth whilst maintaining gearing within our target range of 0.8-1.2x. In light of the ongoing progress to grow and diversify the business, the Board has begun a review of the dividend policy and will provide a further update with the full year results."

[stevie blunder] 10/11/2016 12:15

Nice uptick ahead of next weeks interims on Tuesday.

[pvb] 08/9/2016 13:42

"Intermediate Capital Group made $123.4 million from Wednesday night's block trade."

Hence the 4.5% rise at close today, presumably.

[pvb] 09/8/2016 21:28

Final dividend (15.8p), Special dividend (63.4p) and share consolidation (8 for 9) gone through on 5th August.

[pvb] 06/7/2016 10:08

...and of course they have those Longbow property investments. ;-)

[pvb] 04/7/2016 15:26

Given the err... rather large position I have in this I guess the further return of capital and consolidation is a welcome reduction in exposure given the current situation.

Umm... I may though have to write that letter to Mr Taxman.

[pvb] 27/6/2016 17:46

Not very surprisingly this is one share coming off very badly in the general mayhem involving the EU.

[speedsgh] 22/6/2016 14:32

Statement re Dividend Timetable -

The Company wishes to update the market on key dates for the Final Dividend and Special Dividend each proposed in respect of the Ordinary Shares of the Company.

Event -- Date/time
Record Date for Final Dividend -- Friday 17 June 2016

Annual General Meeting Thursday -- 21 July 2016

Record Time for Special Dividend and Share Consolidation -- 5pm on Friday 29 July 2016

Ex-dividend Date for Special Dividend -- 9am on Monday 1 August 2016

Share Consolidation becomes effective -- 9am on Monday 1 August 2016

Payment of ordinary and special dividend -- Friday 5 August 2016

[jeremy40] 20/6/2016 12:08

Further to my earlier comment, can anyone explain why this special dividend is a good deal for a private investor, having to buy back one ninth of their current holding for 63.4p? (9 x 63.4 = 570.6p, against the current price of > 600p)in order to maintain the value of their holding.

[speedsgh] 09/6/2016 11:21

From AGM Notice posted today on the company's website...



Ex-dividend date for the Special Dividend - 5:00 p.m. on Thursday 28 July 2016
Record date for the Special Dividend and Share Consolidation - 5:00 p.m. on Friday 29 July 2016
Effective Date and time of the Share Consolidation - 8:00 a.m. on Monday 1 August 2016
Payment of Final Dividend and Special Dividend to shareholders - Friday 5 August 2016

[pvb] 08/6/2016 23:11

More than one director selling shares recently. Wonder why?

Better deal than special div + expected post consolidation price?