Tp Icap Share Discussion Threads

[davwal] 21/4/2021 14:19

Well this one’s not going so well. Any views on support levels?

[bluemango] 09/4/2021 13:49

Yes, they benefit from higher volatility.

[robsy2] 08/4/2021 10:03

Does anyone know if we do bette with busier markets and/ or volatile markets?

[davwal] 08/4/2021 09:38

HL didn’t get it either. I too found it only when looking through the company website. Very peculiar.
Another little lull due to going exdiv,but this should start another gentle climb before long.

[bluemango] 07/4/2021 10:26

Strangely, advfn seems to have missed the 24th March RNS mentioned above, announcing the completion of LiquidNet acquisition. I found it instead on the company's website, link here:



RNS Number : 2535T
TP ICAP Group plc
24 March 2021

TP ICAP GROUP PLC

Completion of Liquidnet Acquisition

TP ICAP Group plc ("TP ICAP" and, together with its subsidiaries, the "Group") is pleased to announce that it has completed the acquisition of Liquidnet Holdings, Inc. ("Liquidnet" and, together with its subsidiaries and the Group, the "Enlarged Group") (the "Acquisition").

The Acquisition creates a diversified global markets infrastructure and data solutions provider. The Enlarged Group is well-positioned to benefit from powerful market structure trends related to buyside objectives. These include achieving trade process efficiency and best execution, which are propelling the rapid electronification of financial market trading across multiple asset classes and, in particular, in the dealer-to-client segments of the Credit and Rates markets.

Nicolas Breteau, Chief Executive Officer, TP ICAP:

"Completing the acquisition of Liquidnet is an important milestone for TP ICAP. Bringing together two highly complementary businesses transforms our growth prospects by materially accelerating the execution of our strategy. Our focus now is on the swift integration of Liquidnet and realising the compelling opportunities to drive higher revenues and returns to shareholders."

Ends

[davwal] 31/3/2021 08:48

All a bit quiet given the acquisition was supposed to be completing by the end of Q1 - today! share price is a tad flat currently but hopefully it will get back in gear towards 300p.

Edit 01April - I’ve just realised I somehow missed the RNS of 24 March confirming the acquisition. I have two news feeds so am not sure how I didn’t see it. Onwards and upwards, anyway.

[rcturner2] 29/3/2021 09:20

I started to buy back into the stock market late last year which ended up looking like good timing, which is luck really. I am now pretty much fully invested again. TCAP should do well from here as long as they can integrate the acquisition successfully.

[brucie5] 29/3/2021 09:06

Well done on your entry price. It's been on my watch list for a few weeks now - but clearly not as long as yours! Passes 4 long screens on Stocko, including 'Screen of Screens'. So this is part of my rotation into value.

[rcturner2] 29/3/2021 08:58

Welcome Brucie, I was lucky to get in at an average of about 200p when averaging with the rights shares. We seem to have a lot in common.

[brucie5] 29/3/2021 08:28

Bought in this morning. Income plus the value of recovery of the share price - for which I'm happy to wait.

[davwal] 12/3/2021 17:15

Not a bad end to the week, and it should set up nicely heading into the acquisition’s completion. The US cavalry seemed to have had a couple of days off, however.

[davwal] 11/3/2021 11:36

Maybe the US interest will help fill the gaps. I suppose the acquisition of Liquidnet by a listed company now offers American investors who are fans of Liquidnet to invest, albeit indirectly, in that business. Whatever the reason, there’s clearly interest from over the pond.

[1airbag] 11/3/2021 10:15

Don't know if anyone looks at gaps on the chart but there is one at 270p and one at 320p. So the saying goes, gaps get filled.

[davwal] 10/3/2021 17:09

The Americans obviously don’t want to lose their association with Liquidnet. That’s encouraging.

[bluemango] 10/3/2021 17:02

Looking at the intraday, it's very noticeable how trading interest picks up as soon as the US market opens.

[bluemango] 10/3/2021 16:58

Having not long ago changed it from Tullett Prebon, I doubt they'd be in any hurry to change it again so soon after last time.

And I've not seen any mention of it.

[davwal] 10/3/2021 16:50

Just out of interest, has there been any suggestion regarding the company name once Liquidnet is incorporated?

[davwal] 10/3/2021 15:32

Ah, clarity.
I’ve topped up in a small way when it dropped today, so a few more tuppences for me...

[bluemango] 10/3/2021 12:00

I've had clarification on the dividend, which is indeed 7.6p for the full year. (The quoted 6p was the figure if you divide the total distribution by the enlarged share issue)

[davwal] 10/3/2021 11:00

Hopefully the traders have jumped ship and a steady momentum will recommence. The sign off of the deal might spur it on. Exciting times... (okay, moderately exciting)

[bluemango] 09/3/2021 19:06

'The New Ordinary Shares, when issued and fully paid, will rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive dividends or distributions made, paid or declared with a record date after the date of the issue of the New Ordinary Shares'.

So they will definitely get the 2p final dividend.

[rcturner2] 09/3/2021 18:49

I assume that there is some adjustment effect accouting for the new shares, not sure I fully understand how that is arrived at unless the new shares do not get the 2p?

[bluemango] 09/3/2021 12:06

Article repeats the one-off '6p dividend' despite it being 7.6p for the full year (5.6p interim plus 2p final). I'm still puzzled by this choice of wording - how is '6p' arrived at, in the following?

'This will take the full-year DPS to 6p, (rebased to take into account the bonus element of the rights issue completed in February 2021)'

[togglebrush] 09/3/2021 11:44

Press___ 2 min read
'

[bluemango] 09/3/2021 09:57

#247 The dividend strategy was flagged way back in October, accompanied by a 'brutal short term effect on the SP' back then.

Anyway, in the context of recent history with the share price below 200p as recently as February, today's reaction is minor. Just reaffirms the stockmarket adage 'it's better to travel than to arrive'