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IPO Ip Group Plc

46.40
-1.10 (-2.32%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ip Group Plc LSE:IPO London Ordinary Share GB00B128J450 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.10 -2.32% 46.40 1,037,137 16:35:09
Bid Price Offer Price High Price Low Price Open Price
46.45 46.55 49.25 46.25 49.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -299.8M -344.5M -0.3322 -1.40 482.68M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:05:55 O 7,102 46.40 GBX

Ip (IPO) Latest News (1)

Ip (IPO) Discussions and Chat

Ip Forums and Chat

Date Time Title Posts
11/4/202419:05IP Group PLC2,937
27/9/202108:52ONT future steps.4
23/12/202009:51IP Group - commercialising university technology.971
11/10/201207:43::: The DIRECT LINE IPO :::83
08/11/201007:59IP 2 IPO, digging up value, from the boffins.213

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Ip (IPO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:06:0546.407,1023,295.33O
17:06:0546.405,5172,559.89O
16:34:2548.075,9242,847.43O
16:34:2446.7611,7605,498.62O
16:31:0248.2212,1005,834.38O

Ip (IPO) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Ip Daily Update
Ip Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker IPO. The last closing price for Ip was 47.50p.
Ip currently has 1,036,914,787 shares in issue. The market capitalisation of Ip is £482,683,833.
Ip has a price to earnings ratio (PE ratio) of -1.40.
This morning IPO shares opened at 49.25p
Posted at 09/4/2024 13:14 by p1nkfish
Not convinced it would yet. Needs a catalyst or event. Either specific to IPO or holdings or some macro outside of IPO. Discount has been substantial for a while. Whats new about that?
Posted at 09/4/2024 10:28 by p1nkfish
Keeping an eye on the ski-slope, yes.
Have an idea of what indicators to watch to signify a possible turn.

IPO and ONT are victims of the market, they just have to stick to their knitting until sentiment changes. Have learnt the hard way not to be a martyr to a good idea/company/product if the wider market doesn't care. A recipe for capital erosion and substantial opportunity cost. Sadly. IPO and ONT are both really neat.
Posted at 05/4/2024 17:27 by p1nkfish
The buyback is to offer some liquidity else no one would exit without driving this into the ground. If there was decent liquidity I doubt there would be a buyback in process.

Weinstein is working on 2 main principles imho.
1) He's buying where there is a large discount,
2) He's buying where the underlying holdings are themselves undervalued too - some quality UK listed mid caps held in the funds.

IPO meets 1 and fails 2.
He has more sense than work on IPO as it's a trap.
It's illiquid, it's holdings are illiquid and, largely, valuations of holdings are not market proven. He's not stupid.
Posted at 05/4/2024 16:57 by brucie5
Yes, aware of the technical breakthrough at FLF, though I'm not yet convinced that this brings it much closer to being a 'business' so much as an important contribution to experimental advances in the science of NF. I expect this will be the eventual value of it an acquirer.
While I get your point about buybacks, it would be nice for shareholders to be rewarded to some degree in some way! How about some special dividends based on profits of any next sales? Normally, investors are agreeable to taking share price growth in lieu of income, but as we all know, that advantage hardly applies here!
One for believers only!
In the meantime ONT travels forever southerly to where I expect it to fetch up at £1 quite shortly.
Posted at 13/3/2024 14:35 by houseofpain1
Istesso has strong potential to drive a share price recovery in the near term. Phase 2b data fairly imminent by the sound of it and likelihood is that it is positive which should drive a significant valuation uplift. Bear in mind that Hambro Perks were looking at IPO'ing this at a valuation of "several hundred million pounds" this time last year. It is currently held at £200m and represents 11.0p of NAV.

Nanopore. Share price lows are likely in now I reckon. CEO's golden share falls away at the end of this year so potential for some corporate activity after that.

Hysata obviously had a stellar year and there could be much, much more to come there.

Oxa and FeatureSpace both appear to be progressing well.

If some of this "good stuff" happens, then it will make a decent difference at the NAV level and should make a very significant difference at the share price level.
Posted at 13/3/2024 07:42 by pugugly
"Strong balance sheet and liquidity with gross cash of £226.9m (2022: £241.5m)

- £73.2m portfolio investment into 33 companies across our three high-growth sectors (2022: £93.5m, 46 companies) representing around 10% of capital raised by our portfolio (2022: 9% of total capital raised)

- Cash proceeds in line with expectations at £38.6m (2022 £28.1m)

- NAV per share declined to 114.8p (-13%), driven primarily by adjustments to the carrying values of First Light Fusion, our US platform, Hinge Health and Akamis Bio and reflecting a fair value decrease of listed holding Oxford Nanopore, Since year-end, further reduction in listed portfolio of £45.4m.

- Third party managed funds of £650m (2022: £700m), with more than £100m available for investment"

HOWEVER at closing share price yesterday of 52o discount still over 50% of claimed NAV but valuation of unlisted companies still a very inexact measure, but a 50% discount might allow a sufficient margin.
Thoughts??
Posted at 04/2/2024 10:27 by bamboo2
IPO's ONT shares at 156.8p each are currently worth approx £128,673,441.79

NAV of ONT per IPO share.
128,673,441/1,035,037,800 [IPO shares] = 12.43p
Posted at 03/2/2024 21:13 by apple53
Thanks for the updates and analysis from various posters here.
Can anyone easily estimate the NAV for ONT's share price about now? ie down a quarter from the number included in the 117p (though thankfully up 10% from the recent low)?

I wasn't following closely - I have a meaningful position but it's so depressing I don't like to focus..........
...but at IPO's low surely half the market cap was cash and with the NAV (using the 117p rather than previous higher ones, and bearing in mind ONT hadn't had its recent collapse), it was actually trading at a 75% discount. There are some heavily discounted investment trusts around but that was just crazy and I should have doubled up (I bought a lot of SSIT at a similar level). Now maybe 55-57% discount? Not sooo tempting, as there's just so much to buy at the moment - HVPE was almost 45% 2 days ago; Tetragon; OCI after a pullback at a lower discount but for serious quality/track record; ICGT/PIN/APEO; Wendel (not sure about growth, plus depends on bureau veritas); ONT; STB; OSB whenever it head back down towards £4; Shipping companies; a string of cheap banks.
Posted at 30/1/2024 17:39 by bamboo2
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, issues an unaudited year-end update ahead of its results for the 12 months to 31 December 2023 now that the Group's usual year-end process is sufficiently progressed.

The market environment for early-stage investing remained challenging in 2023 and, against this backdrop, we saw some further softening of valuations in the final quarter of 2023. As a result, the Directors currently expect NAV per share to be between 111 pence and 117 pence at the year end.

Within this context, many of the Group's leading portfolio companies made strong progress, with some significant inflection points expected in 2024.

The Group continues to appropriately manage its investment levels and remains in a strong financial position with gross cash and deposits of £227m at year-end.

IP Group expects to announce its 2023 results on Wednesday 13 March 2024 following the completion of our usual year end valuations process.



Notes

- The share price of Oxford Nanopore Technologies plc was approximately 208 pence at the end of 2023.
Posted at 10/3/2023 12:50 by brucie5
Yes, agreed, and whole market down today. My folio which carries considerable value/income bias currently down 2.3%, so IPO (3.1%) not an outlier by much. 55p hit, and I think 50p may indeed follow.

But question is, what then. Or, what level is so absurd that the equivalent of PE decides to correct the anomaly? I understand that PE is not likely; but some cherry picking of distressed asset prices?

Anyone recall Shell at £9 in late 2020? Why did we all buy? At some point pension funds need to consider where the growth is going to come from tomorrow, never mind the dividends today. On a ten year view, and assuming continued progress with just the ten top holdings, where is IPO share price?
Ip share price data is direct from the London Stock Exchange

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