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TCAP Tp Icap Group Plc

271.00
-0.50 (-0.18%)
20 Jan 2025 - Closed
Delayed by 15 minutes
Tp Icap Investors - TCAP

Tp Icap Investors - TCAP

Share Name Share Symbol Market Stock Type
Tp Icap Group Plc TCAP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -0.18% 271.00 16:35:15
Open Price Low Price High Price Close Price Previous Close
277.50 271.50 277.50 271.00 271.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

Top Posts
Posted at 29/12/2024 17:03 by value hound
TCAP recommended by by Gervais Williams, Fund Manager, The Diverse Income Trust plc, FWIW:

“In our view, TP ICAP, is a leading provider of liquidity to the global credit markets, at a time when global markets are highly volatile. Furthermore, as it networks its Liquidnet platform with the global banks in 2025, we believe its market position should further improve. Alongside, they are looking to bring in a new investor into their Parameter data subsidiary. In short, we believe all this should help drive up their cash generation. Not at all bad for a company standing on a current dividend yield of 5.6%. As with AO, in our view, the strong companies should get stronger, and TP ICAP appears very well placed for 2025."

hxxps://ukinvestormagazine.co.uk/top-stock-picks-for-2025-by-investment-trust-fund-managers/?mc_cid=6d17d3b2b4&mc_eid=fe56ffb715
Posted at 05/11/2024 15:11 by leedsu36
What Does The Institutional Ownership Tell Us About TP ICAP Group?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that TP ICAP Group does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see TP ICAP Group's historic earnings and revenue below, but keep in mind there's always more to the story.
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in TP ICAP Group. Looking at our data, we can see that the largest shareholder is Liontrust Asset Management PLC with 10% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 5.5% of common stock, and Columbia Management Investment Advisers, LLC holds about 5.4% of the company stock.

On further inspection, we found that more than half the company's shares are owned by the top 10 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of TP ICAP Group
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our information suggests that TP ICAP Group PLC insiders own under 1% of the company. Keep in mind that it's a big company, and the insiders own UK£3.6m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider.

General Public Ownership
The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Posted at 05/11/2024 14:53 by leedsu36
FTSE 250 finance firm TP Icap is facing pressure from some of its biggest shareholders to break itself up by selling off its high margin data division.

Several of the firm’s most important institutional investors have begun talks about pressing TP Icap into exploring a formal sale of its Parameta analytics business, Sky News reported.

The investors believe an auction could bring in as much £1.5bn, a sum more than the market capitalization of the entire TP Icap group.

Earlier this year, US activist fund Phase 2 Partners called on TP Icap to consider a plan to sell itself after raising concerns about the world’s biggest interdealer’s “disastrous share price decline”.

It is unclear whether company chairman Richard Berliand and chief executive Nicolas Breteau are prepared to bow to investors’ demands.

TP Icap raised around £315m last year for the $700m (£653m) acquisition of New York fintech firm Liquidnet.

The firm traces its roots back to the formation of foreign exchange broker Tullett & Riley in 1971, which later merged with a raft of London’s largest brokers in the early 2000s.
Posted at 12/8/2024 11:43 by brucie5
Agree with the above. There are surely several ways to a successful investor - and several more by which to fail.
Value/recovery should come into the first category; though care needs to be taken not to fall into a classic value trap. Recent markets have offered countless opportunities for both.
I think this recovery has further to go: the chart suggest return to £4 level and of course we are paid to wait.
Posted at 12/8/2024 09:48 by kenmitch
JaPatrick

Criticism of PAST TCAP Management decisions, including over paying for Liquidnet is valid. And they are among the reasons the share price fell 75% from £4 to £1.

But surely a key to successful investing is to realise this key fact; stock markets look ahead and not back? So at just £1 investors had well and truly priced in the bad news. That was the time to buy and that’s when I bought and posted that I had at the time. And the share is now up 120%. And the dividend yield at £1 is over 14% and likely to rise further.

The mistake was when investors continued to hold TCAP despite thinking things like “they’ve way overpaid for Liquidnet.” If investors thought that they should have sold then and either moved on for good or looked to buy again when the relentless share price fall showed signs of reversing and on the first hints of better trading.

So many small investors stay invested and then moan like mad on bulletin boards about hopeless Management etc etc. why? Just move on to a share where that’s not the case and where you have a far higher chance of doing well. Why hold shares you hate?

But THE key points are to take on board that stock markets look forward and not back and that the time to buy is when bad news is priced in but recovery after bad news and bad decisions isn’t. And an ideal time to buy across the board is after big market falls when as with an individual share, most of the bad news has been priced in, but recovery hasn’t.
Posted at 29/6/2024 07:37 by carcosa
TP ICAP Group's Net Funds excluding lease liabilities as of December 31, 2023 was £381 million. This represents a significant improvement in the company's financial position compared to the previous year.

To break this down:
The company had cash and cash equivalents of £1,029 million
Financial investments of £189 million
An overdraft of £10 million
Total debt of £827 million (excluding lease liabilities)

The calculation is as follows:
(£1,029m + £189m) - £10m - £827m = £381m

The improvement in the company's financial position is partly due to their active debt management, including refinancing activities and debt repayment. For instance, in April 2023, the company issued new Sterling Notes maturing in 2030 to refinance part of their 2024 notes.

For anyone asking why lease liabilities should be excluded when calculating Net Debt/Funds it is important for several reasons:

Historically, net debt calculations have focused on interest-bearing financial obligations. By excluding lease liabilities, companies maintain consistency with traditional debt definitions and allow for better historical comparisons.

While lease liabilities share some characteristics with debt, they differ in important ways. For instance, lease obligations typically cannot cause bankruptcy, unlike secured debt. This fundamental difference in risk profile justifies treating them separately from traditional debt.

Lease liabilities can be more flexible than traditional debt. In some cases, companies can renegotiate or terminate leases more easily than they can restructure debt.

Excluding lease liabilities allows investors and analysts to focus on the company's core financial obligations and its ability to service traditional debt.
Posted at 12/3/2024 22:56 by jeffian
Thorpematt,

I agree with your approach but I hadn't heard the 7/7 thing before. I have bored people to death with my High yield/Low PER approach (same thing) which was the foundation of my portfolio in the run-up to 2000 and proved spectacularly effective (at least until 2008!). It's still something I feel very comfortable with.

As far as LSE is concerned, clearly the domestic market has shrunk. IMO, in large part this is to do with the institutional shift from equities to bonds, meaning that the UK instis are no longer the driving force that they were. I also have a theory that the current fashion for share buybacks (which I hate as a method of "returning value to shareholders", which they don't) is simply shrinking the market. Last time I bothered to look, over 30% of all daily RNS announcements were "Transactions in Own Shares"! BUT. This is a global market. If London is as cheap as people say it is, why aren't international investors swooping in and hoovering up cheap stock?
Posted at 10/3/2024 07:16 by value hound
Yes - as mpage says from the FT...

"TP ICAP separates data unit following investor pressure

Parameta Solutions registered as standalone company in preparation for potential listing or sale.

--

UK broker TP ICAP has separated a fast-growing division that sells data to traders as it attempts to respond to pressure from its investors to return capital.

The data unit, Parameta Solutions, was registered in February as a standalone company as TP ICAP prepared a possible sale or listing of it, said two people with knowledge of the matter. Parameta is registered as a separate company on the Jersey companies register.

The decision to separate Parameta follows intense pressure from some of TP ICAP’s biggest shareholders to offload it because of the broker’s sinking share price. One investor said Parameta could generate as much as £1.5bn from an initial public offering, which is more than TP ICAP’s entire market capitalisation of £1.46bn, based on its stock price on Friday.

In 2022, the City of London broker was lambasted by a US hedge fund for its “disastrous share price decline”, and investors had called on the company to either sell itself or Parameta. The separation of Parameta indicated that those plans were now on track, the investors said.

TP ICAP’s share price has recovered about 70 per cent from its 2022 lows but is still depressed, trading flat over the past year.
Posted at 17/5/2023 18:59 by jubberjim
Well todays move has been a crushing bore

But I refuse to give up on my goal

This share owes me and I aim to collect so buckle up we are in for a long torturous ride

I thought the results reasonable considering I think there are very few positions being taken by investors.
DEBT ceiling agreement reached and the mittens will be off and everyone will come out swinging
Down but not yet out
Good luck everyone
Posted at 27/9/2022 14:59 by mighunter
hTTps://news.sky.com/story/city-investors-press-tp-icap-for-1-5bn-parameta-windfall-12706405

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