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TCAP Tp Icap Group Plc

0.00 (0.00%)
24 May 2024 - 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
0.00 0.00% 211.00 16:35:10
Open Price Low Price High Price Close Price Previous Close
216.00 208.50 216.00 211.00 211.00
more quote information »
Industry Sector

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Top Posts
Posted at 12/3/2024 22:56 by jeffian

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 19:59 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 15:59 by mighunter
Posted at 04/7/2022 07:36 by rcturner2
Brucie, I have seen many so-called "professional" investors come unstuck over the years. TCAP in many ways is a company under pressure. That doesn't mean it is a bad investment as the price may be so heavily discounted that it represents good value. However I am not at all convinced we are at that point.

The bald fact is that TCAP is loss making and relies on accountancy manipulation to hide that fact. Therefore the PE ratio is meaningless here and the dividend is completely uncovered.
Posted at 31/3/2022 22:39 by creditcrunchies
my comment was tongue in cheek but that's the impression it gives to investors. The share price has crashed yet none of the directors have stepped up to show confidence in their own company by buying stock. Instead three of them dump stock. That's just the way it looks and that decision was after an institution complained of that fact only last week that the management is so bad in TCAP they want the company sold off then sack all of the management because they're useless.
Posted at 26/3/2022 08:44 by dhoult12
Today's press has items about selling off the data division. Bit odd. Yes it looks great in the accounts on p/e multiples but that's only because of the accounting. They get their raw product for 'free' i.e. the data generated by all the brokers and systems in the organisation. As an independent buisness where is this coming from? And how much does the now 3rd party want for it?... Still signs that investor unrest is spreading which is good for the buisness and share price if it gets rid of this useless management.
Posted at 16/3/2022 08:17 by j777j
The times

Little appetite for more of the same at TP Icap
Emma Powell
Wednesday March 16 2022, 12.01am GMT, The Times

TP Icap is stuck on repeat and investors are getting bored. Shares in the interdealer broker formed by the merger of Tullett Prebon and Icap have fallen by more than two thirds since the rivals’ deal was completed in 2016...

The FTSE 250 constituent has been struggling to generate sustainable earnings under pressure from Brexit disruption, currency fluctuations and weak trading in the fixed-income and swaps markets. Costs incurred in efforts to diversify its client base and shift towards electronic trading have further hampered profitability.

nb Hard to see how this is worth more than 30p on £24 million profits and thats before any potential liabilities from lawsuites etc
Posted at 26/7/2021 16:05 by bluemango
It dropped to around the current level soon after the dividend cut was announced back at end of September.

I think you'll see a recovery, maybe not immediate, if they can restore the dividend level.

I also think it's possible to over-analyse price movements which happen for all kinds of reasons, particularly when driven by institutional investor priorities which can change for reasons unrelated to the individual company.
Posted at 26/7/2021 14:34 by davwal
Still doesn’t explain why investors were willing to pay over 250p when the one-off dividend reduction, along with clear direction of they’re dividend formula going forward, was already published. TCAP is down for other reasons, in my view - maybe the potential legal action, which would obviously concern some potential investors. Even so, that was also known about before the decent rise.

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