Tp Icap Share Discussion Threads

[indiestu] 17/2/2022 10:33

This may be a business that is about to wake up to a beautiful sunrise.Research leads me to believe that TCAP are fully aware that the dynamics of global inter dealer brokering are changing.The business that was left following the break up of the company was in decline. That is history. To make money we must attempt to forecast the future.TCAP are investing heavily to build a business with future growth potential. Electronification of Brokering, Crypto Assets, Green Energy Trading, Environmental Finance, Data Analytics and more. The requirement to fund this diversification and expansion initiative has required the issue of equity and the addition of debt with the predictable result of earnings impact and consequantly share price destruction.So you could look at this as a value trap - or - you could look at this as a turnaround. I see potential here for big returns if the business successfully reinvents itself. My current position is exploratory, I will be carefully monitoring the story and results as they are published with a view to making a suitable commitment should the strategy begins to demonstrate signs of progress.

[mrthomas] 24/1/2022 18:08

brought in again at 1.39 was not expecting it to fall so much

[bluemango] 15/1/2022 15:48

Fwiw. Missed this Motley Fool piece by Roland Head from 26th Dec. It quotes consensus forecasts suggesting 11.6p dividend for 2022:

[mrthomas] 31/12/2021 05:51

Thks for the comments the dealing cost were about 7 to buy and sell and there NO stamp duty when you buy this share. As I said before the share was down nearly 10% before it when back up.

Bought into Reach which is doing well Have a good 2022

[jeffian] 23/12/2021 23:19

Also, if only one could guarantee you could do it, month in, month out, year in year out. As anyone with a diverse portfolio can tell you, you can see those sort of movements - up or down - in a day. If you're a daytrader, fine; for anyone else it's immaterial.

[jimmythekid1980] 23/12/2021 19:48

That's like spending all night plucking up the courage to ask out a girl you like, and she says yes .... then you don't even take her number.

[jimmythekid1980] 23/12/2021 19:46

I'm aware of the concept of compounding returns, and what 3% every month would build up to in a hypothetical argument, I just don't see why you'd catch a falling knife - pick up a really cheap stock (potentially) pay a spread, pay stamp duty and commissions for ..... a 3% gain.

I'm not trying to pick a fight, I just find that baffling.

[nibble] 23/12/2021 10:35

Jimmy, if MRThomas can do 3% every month, that's over 30% pa. A lot of hedge fund managers can't do that.

[bluemango] 23/12/2021 10:32

He must have a very happy broker.

"Lovely, more dealing fees!"

[jimmythekid1980] 23/12/2021 10:25

Sold out for a 3% gain?????? 3 per cent?????

[davwal] 22/12/2021 21:00

https://www.leaprate.com/cryptocurrency/jane-street-and-virtu-financial-join-tp-icap-digital-assets-platform-as-liquidity-providers/Good director appointment too, today.

[mrthomas] 21/12/2021 17:54

sold out today make 3% in just over a month that ok for me I come back in when the price gets lower if it does

[bluemango] 14/12/2021 09:21

Another director buy reported (yesterday)

Angela Crawford-Ingle bought 20 grands' worth on the 9th.

[mrthomas] 12/12/2021 07:08

Well, I am in the money now but not sure if I sell if get to around 150. I agree with the above about this one-off cost this is just playing with the accounting rules. I will be more interested in free cash flow as that is what pays the dividends

Have been surprised with the movements in the share price since i brought it last month

[dhoult12] 02/12/2021 09:40

All I would say to these adjusted profits.. is find me a period when TP ICAP didn't have these exceptional costs.
If there are always legal and regulatory expenses for one off projects, nature of this buisness (someone is always suing someone else), how exactly are they exceptional?

[rcturner2] 02/12/2021 07:13

I have gone back to the H1 results again and had a look at them in detail. The interesting part is the table headed income statement that shows the difference between the adjusted and reported results. The have £60m of what they call "significant items", which seem to be £12m of restructuring costs, £37m disposal and acquisition costs and £11m legal and regulatory costs. This £60m of costs seems to be crucial to the whole valuation of TCAP since it turns a healthy £88m of "adjusted" profit into only £28m of "reported" profit. To be fair to TCAP the results do provide quite a detailed breakdown of the nature of the £60m, so it is possible to consider these items and whether they are likely to reappear in the future.

[farrugia] 01/12/2021 12:33

'This is a massive inflation play - bought in recently- a little too early but have averaged down. Once interest rates start going up the volatility will seriously boost trading activity'

why? what's the logic of this?

[sick of it] 01/12/2021 11:02

Looks like the scare mongering went ott.

[creditcrunchies] 30/11/2021 14:34

is there a for sale sign outside their office?

[creditcrunchies] 30/11/2021 11:06

will be a penny stock by next week at this rate

[sick of it] 29/11/2021 15:36

128p.
No bottom in sight