We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Top Brokers
Recent investor discussions around Tp Icap Group Plc (TCAP) have highlighted a strong emphasis on the anticipated float of Parameta, a significant subsidiary. There is considerable speculation regarding the potential value of Parameta, with some investors calculating that if it achieves a price-to-earnings (P/E) ratio of 16 during its float, it could allow the company to maintain a market cap around £2 billion while potentially returning as much as £400 million to shareholders. However, there are concerns about the timing of this listing due to current market volatility in the U.S. and doubts over the transparency of financial reporting related to past acquisitions.
Investor sentiment is mixed but leans towards optimism regarding the company's performance, which has reportedly exceeded analyst forecasts. Many believe that the float could unlock significant value not just for shares of Parameta, but for TCAP as a whole. Comments such as, "the market is not yet really recognizing the huge value here" and "this stock is also a direct beneficiary of market volatility," reflect a prevailing belief that TCAP remains undervalued relative to its potential. Despite some worries about management's cautious approach toward the float, many investors have expressed confidence in the company's future and its growth trajectory, reinforced by strong results and recent dividend increases.
Show more
TP ICAP Group PLC has reported a series of significant developments, including transactions in its own shares and an ambitious outlook for its Parameta Solutions division. Notably, the company has commenced its fourth share buyback program, allocating £30 million for repurchasing its ordinary shares. This follows the successful completion of its previous buyback programs and is a strategic move to enhance shareholder returns and manage its capital efficiently. Throughout this period, TP ICAP executed multiple share purchases, with varying volumes and price points, thus reinforcing its commitment to shareholder value.
From a financial perspective, TP ICAP posted record profits for the year ending December 31, 2024. The Group's adjusted EBIT rose by 12% to £324 million, while reported EBIT saw an impressive increase of 89% to £236 million, driven by strong performance across all divisions. Group revenue also reflected growth, with a 5% rise, underscoring the effectiveness of TP ICAP's diversified business model. Looking ahead, TP ICAP is targeting a potential listing for its Parameta Solutions unit in the United States as early as Q2 2025, revealing its strategic intent to capitalize on market opportunities while maintaining majority ownership.
Show more
Ex-dividend tomorrow. |
nice if in at Chris mills levels |
Totally agree with you. JP Morgan price target seems pretty conservative. Liquidnet isn't the same business as it was 1 year ago. Coming along nicely now. Also throw in the possible Parameta minority IPO into the mix as well. Seriously undervalued. |
cheers Preston...I've read their note. |
JPMorgan raises TP ICAP price target to 274 (259) pence - 'overweight' |
"The market can stay irrational longer than you can stay solvent" |
jeffian, |
Thorpematt, |
I note that Stockpedia has a ranking of 100 on this. |
Agree, would need to be US listing to be of benefit. |
US IPO would make a lot of sense |
Can't see a minority IPO working. It again relies on the market to value it correctly and if on the LSE then good luck. However I would expect most funds would want a full IPO and traders would need a good float for trading it. |
They plan to hold on to Parameta. Any IPO will only be for a minority stake which to me is the sensible option. |
Good set of results and a possible IPO for Parameta although only a minority stake. |
Lets see if they get to an IPO before a US hedge fund bids for them. |
Yes - as mpage says from the FT... |
FT today reports that in February Parameta was registered as a separate legal entity after pressure from major shareholders. The main purpose of this is supposedly tax efficiency in the event of an IPO/sale. |
Took a risk and sold around 190 (hoping for a short term retrace) as it was struggling to make headway. Chuffed to catch them at 177 this morning. This is a cheap stock for the sector with respect to book/div yield/div cover/net debt position as has been discussed already. Recent market volatility should help boost profits further. |
My apologies - duplicated post. |
My apologies - duplicated post. |
good find preston that FT article... |
Perversely, higher interest rates for longer should be good for TCAP. The recalibration of expectations for an interest rate cut is clearly a positive here, and I'd expect the share price to react accordingly once the market begins to understand their business model. Hopefully, final results on 12th March should underscore this point. |
Here's some more positive newsflow from Liquidnet. This FT article from a few days ago indicates they are capitalising on the turmoil in the global property market hit by prolonged high interest rates https://www.ft.com/c |
Type | Ordinary Share |
Share ISIN | JE00BMDZN391 |
Sector | Ins Agents,brokers & Service |
Bid Price | 263.00 |
Offer Price | 270.00 |
Open | 264.50 |
Shares Traded | 982,491 |
Last Trade | 16:35:13 |
Low - High | 261.00 - 265.50 |
Turnover | 2.24B |
Profit | 167M |
EPS - Basic | 0.2184 |
PE Ratio | 12.07 |
Market Cap | 2.02B |
Zano (ZANO) is a privacy-centric cryptocurrency designed for secure, scalable, and decentralized transactions. As a layer-1 blockchain, it ensures that all transactions remain confidential and untraceable, making it a strong contender in the privacy-focused crypto space. Built on the CryptoNote protocol, which also powers Monero, Zano lev...
Continue Reading
Sequence to a long-range bound around 520 that featured in much effort of breaching through in the last sessions, purchasers have now eventually made the business lines in the Phoenix Group Holdings Plc (LSE:PHNX) to have a gap upward, averaging 600 barriers at the time of this piece. The pace of the upward momentum is […]
Continue Reading
It was another week of uncertainty for the S&P 500 and Nasdaq, although it ended on a positive note. On the evening of March 15, the U.S. Senate passed the short-term spending plan (through September 30, 2025) proposed by the Republicans, thus avoiding a government shutdown. What’s becoming concerning is that the overall outlook for...
Continue Reading
ETHUSD shows bearish momentum with potential further downside risk. Price action indicates a clear break below the previous trendline support, which has now turned into resistance. The price is hovering around $1,890, with a bearish structure confirmed by lower highs and lower lows. There is an unmitigated buy-side liquidity (BSL) zone ar...
Continue Reading
BTCUSD exhibits bullish momentum with breakout potential above diagonal resistance. Recent price movements have revisited the previous swing low (SSL) around $78,170, leading to a notable bounce that may signal a trend reversal. A descending trendline has emerged as a critical resistance point; a breach of this level would reinforce bulli...
Continue Reading
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions