Intermediate Capital Share Discussion Threads

[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?

[pvb] 13/5/2020 22:15

From 23 April:

[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.”

[its the oxman] 24/4/2020 14:43

Regaining some poise above 1000p. Results will make or break , hoping they will be good.

[seekthetech] 20/3/2020 10:04

As are the Ladbrokes and Paragon bonds. Not convinced by Burford and clearly wouldn’t touch Eros or Wasps!

[seekthetech] 20/3/2020 10:03

The 2023 bonds, which dropped from 104p to 58p and haven’t bounced look like they are outstanding value

[rambutan2] 19/3/2020 21:41

Worth remembering that it enters the ftse 100 on mon.

[pvb] 19/3/2020 17:58

Up 20% on day.

[rambutan2] 18/3/2020 22:36

riverman77, just what I'm thinking. But would have thought the mkt would also understand that. So was wondering whether the mkt knows of some impending disaster which I'm missing...

[riverman77] 18/3/2020 22:16

The AUM is held in private assets, which are valued with reference to earnings and tend to be quite stable, so there won't be an automatic drop in AUM (any future mark down would depend on how the companies perform, but would not expect 40% fall in AUM).

Furthermore, the client base is institutional and tied-in, so you don't have to worry about sudden outflows. They have a lot of visibility on earnings.

I therefore think this is much better placed than traditional fund managers, whose earnings are immediately hit by falling equity markets and outflows.

I see some big director buys, which hopefully bodes well.

[rambutan2] 18/3/2020 21:55

Down 32% today, 3rd largest faller in ftse250. Must admit, not sure why it's quite so disliked.

[johnhelme2704] 18/3/2020 11:50

is it not because aum will have dropped 40+% so ongoing revenues will be considerably down?

[for fx sake] 18/3/2020 09:03

Does anyone know ICP has dropped so much?