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
  -0.40 -0.51% 78.10 3,568,059 16:35:10
Bid Price Offer Price High Price Low Price Open Price
78.30 78.50 78.90 77.90 78.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -78.80 -7.12 830
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:39 O 841,360 78.092 GBX

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Date Time Title Posts
18/9/202016:52IP Group PLC538
18/8/202008:20IP Group - commercialising university technology.969
11/10/201207:43::: The DIRECT LINE IPO :::83
08/11/201007:59IP 2 IPO, digging up value, from the boffins.213
28/7/201012:11IPO- Tracking recent Listings to the LSE-

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Ip Daily Update: Ip Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker IPO. The last closing price for Ip was 78.50p.
Ip Group Plc has a 4 week average price of 70.30p and a 12 week average price of 60.70p.
The 1 year high share price is 82p while the 1 year low share price is currently 41.45p.
There are currently 1,062,353,734 shares in issue and the average daily traded volume is 5,909,086 shares. The market capitalisation of Ip Group Plc is £829,698,266.25.
brucie5: I hold these, but without very much enthusiasm. In truth I have done far better by buying some of the underlying holdings, and if I could buy Nanopore, I certainly would. The place where it might become a much more interesting situation is as/when/if the market tanks and the share price moves down to the historic 40p support. With huge cash balance and discount to NAV, that would be a great opportunity to buy what is effectively, an investment trust. But NAI, DYOR.
wetpantz: Share buybacks get a thumbs up from me. Total no brainer. Management are probably wondering how to skim off as much of the cash pile as possible in bonuses etc. Scandalous that they recently used the depressed share price as the base for performance incentives.
dexdringle: jon, if the company does have £310M cash now then I think you are spot on. Cash equates to almost half of the market cap. Given that the directors have yet to prove that they are good stewards of the money, investors might reasonably be expecting them to pi$$ it all up the wall hence perhaps why it (the cash) might not be fully reflected in the share price.....
jonthetourist: If the market cap is £690m and the cash is £310m then 310/690 = 45% of the share price. Or have I missed something?
pierre oreilly: Bamboo, I intend to do exactly that, sell up, due to no confidence in the management (not their investment abilities, but their lack of alignment with shareholders' interests). They appear in the way they act to be very old school and anachronistic, as if shareholders should feel privileged to hold them and expect nothing more. It wouldn't surprise me if they all had sherry every afternoon between lunch and 5 pm. I'm just waiting for an opportunity to sell when the price reacts positively to something - the nano float being the most obvious. I had another thought about the cash balances - wtf do they do with it on a daily basis? There are probably 3 bods shifting it around, but with interest rates near zero, I doubt the interest covers a tenth of their no doubt very high salaries and bonuss. I understand dex's view that the poor share price isn't fully the technicals of woodford's lot being sold - i think there is an element of out of touch old school management also playing its part. What is your view bamboo on the high cash balances within the company being worth 30pish, when they could pay some out where they're worth a quid? Put another way, at 60p, if they paid a special of 20p, the share price would drop to 53p, being a 13p pure gain to shareholders (i.e. a 20p cash gain for a 7p loss in co value). I think the only reason this isn't done is because the management want to keep control of the 150m or whatever, and not just say 100m of it (at the high cost of shareholders). What's your (or anyone else's) explanation?
wetpantz: We probably won’t see a big sustained increase in share price until: 1. Invesco & Lansdowne LLP stop selling. They are both currently forced sellers as they are haemorrhaging funds back to their (rightly) miffed investors. I don’t think they hold much IPO in any closed end fund they might run. 2. We see Oxford Nanopore release a trading update. Given recent developments I would expect their revenue to have swelled by orders of magnitude but they are keeping the numbers close to their chest.
wetpantz: House broker Berenberg increased IPO price target to 100 today. Jeffries (not house broker) increased TP to 80p last week.
guildedge: Ceres back down to 300p. Which means getting 340p per share was a pretty good result on the shares it sold. Ceres RNS today show Robert Bosch GmbH has accepted shares at 320p. 20p above the market price. In a bear market 300p still seems high for a firm making a loss. Albeit with much promise. Avacta has now dropped below 20p too. IPO share price is well below the hard NAV. Yet the market has always given it a 40% discount. Our guesses of 1.3bn valuation was far from the mark. It's been a day of records being smashed. FTSE down nearly 11%. DowJones down nearly 9%. Dow Jones has lost nearly 8k points this year. FTSE 2200 points. Can they really go any lower?
guildedge: @ Pierre. When I made those comments regards to IPO not making their valuation of 1.1bn 1-2 months back when Woodford was selling I was right. You only have to look at the Woodford mess to see how he was forced to sell shares well below their market rates. My comments this week were in regards to that. The difference with CWR is the company is actually doing well. Which in turn has had a decent positive effect on the IPO share price due to market demand. Where if you look at some of IP Group other smaller investments they have crumbled and IP Group would only get a fraction of it's investment back. Remember IP Group used to be valued at 3 times the current Share price. Even before the merger. Now with cash, Oxford Nanopore and CWR you can see this makes up a large chunk of IPO value. Before CWR, IP Group had not really shown a company that was actually giving a huge return on investement. The company if now worth 1.3bn is still only valued at 60% of it's portfolio value. Invesco is likely holding this up. I do think there is strong demand for the shares here. It is a gradual story with 2020 designed to show the recovery. The market is discounting IP Group at circa 40%. I think Invesco will be patient in selling here. Why sell when people might pay 80p for a share. My valuations for 2019 were based on my previous following of all it's public companies we can follow. Some of these are marginally higher. Others almost worthless. I have actually been more positive on this share lately. We always knew one of the things holding back IP Group was it's 2 main shareholders. One has now sold out the other almost reduced by 50%. I don't think I ever claimed to be invested here. It is a share I find interesting.
p1nkfish: 90% of ivo portfolio value is unlisted. Ivo half year, end of Jan 2017 - "Net assets increased to £472.4 million (FY 2016: £455.9 million), NAV per share £2.93" Original ipo approach was at 307p, could rise to 320p if ipo share price rises to 148p due to 2.1575 conversion ratio. MOST RECENT price equivalent was £2.89p per ivo share - bit of a bargain imho given the potential. Ipo chanced their arm with 3 major ivo shareholders on side. Makes a lot of sense.
Ip share price data is direct from the London Stock Exchange
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