Tp Icap Share Discussion Threads

[creditcrunchies] 31/3/2022 23:04

As far as I'm concerned I couldn't care less I bought loads at the 120 level then dumped the lot at 150+. There's a repeating pattern with this stock throughout its long term share price collapse. If a takeover does materialise then it could explode up but would you risk it with earnings at 0.651p a share? Every year they throw in one off costs to boost their EPS to make it look like they can afford a dividend. The last time they had real EPS growth was 2017. Look here:
2018 Reported EPS 5.06p adjusted EPS 31.4p (1 off items)
2019 Reported EPS 10.6p adjusted EPS 28.6p (more 1 off items)
2020 Reported EPS 15.2p adjusted EPS 19.8p (more one off items)
2021 Reported EPS 0.651p adjusted EPS 4.54p (more one off items)
That last time they had real dividend cover of 1.02 from reported earnings was 2016 edit, I notice 2020 they had cover of 2.17 (so 2016 and 2020 are the only years they had genuine dividend cover from reported earnings). The gap between real EPS and creative accounting EPS is enormous. I'm not saying this isn't extreme value at these levels because it probably is but it'll go nowhere with this management team.

[creditcrunchies] 31/3/2022 22:39

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.

[dhoult12] 31/3/2022 22:32

Apologies and agreed, just somewhat frustrated with this BOD.

Their bonus cash was significant. Given share price.. you would think they might perhaps make a purchase.. with that payout... But then why bother. They haven't shown any respect to shareholders for years.

[bluemango] 31/3/2022 21:24

True it doesn't look great, but I simply wanted to correct the impression that this was shares they already owned rather than vesting now, and to point out that all three retained a larger proportion than they sold to cover costs.

I'm not here to defend management per se, and would welcome a bit of a shake up to improve shareholder value.

[dhoult12] 31/3/2022 21:11

This time of year just post bonus payroll they wouldn't have any cash to pay the taxes.. oh hang on.

Management need to go.

[bluemango] 31/3/2022 20:32

To be accurate, the three directors who had awards vesting, all retained a greater proportion of shares than those they sold to cover the income tax, NI and dealing charges resulting from the vesting.

[creditcrunchies] 31/3/2022 20:27

Looks like management have dumped their own stock into this rise as well lol

[swinsco] 30/3/2022 13:09

Looking strong again. Better than 0.

[dhoult12] 26/3/2022 08:44

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.

[indiestu] 25/3/2022 16:19

Would it be a risky decision to buy into a Friday close following such a strong recent rally and considering today's price action?

[indiestu] 25/3/2022 15:30

A three hamburger daily diet is reasonable. Providing the third of the day is a high quality Wagyu burger accompanied by a quality Jamaican rum and Coke (Coca Cola) with an accompaniment of side salads and hand cut chips.

[jeffian] 25/3/2022 10:30

We know YO (not so H) and if you have an argument, it doesn't do it any favours to keep repeating it.

[j777j] 25/3/2022 09:10

Broker ramped dead cat bounce over .

Back to reality

A sunset business

Nobody has put a figure on the potential Cum-Ex liability

Profits collapsed

Terrible visibility

£1.1 billion market cap on £24 million profits.




STRONG SELL imho

[jezza123] 24/3/2022 17:03

708 - in other news it's been shown that just eating burgers for all three meals each day is a bad idea.

[bluemango] 24/3/2022 11:58

#708 In other news, the sun generally rises each morning and sets in the evening.

[tbow112] 24/3/2022 10:21

Sensible people diversify their investments. If your income comes from one company it is often sensible to have your investments elsewhere.

[creditcrunchies] 24/3/2022 09:14

If the management won't even touch their own stock then the hedge funds will hoover as many as they can to force a sale and flush them out. There must be value there if that is their strategy.

[dhoult12] 24/3/2022 08:58

Needs to happen. Current management are self evidently awful for shareholder value.

[creditcrunchies] 23/3/2022 20:50

There's paragraph there that says we want this sold and the company run under new ownership. No messing about in their demands.

[jezza123] 23/3/2022 20:09

Yea classic active hedge fund strategy 101....

[creditcrunchies] 23/3/2022 20:07

Saying the management is poor it doesn't believe it its own company as they don't own many or any in some cases of shares. I'd say this is a pre-cursor to lining up a bid and remove the current management team that have decimated the share price. I wonder if they've been accumulating at these lows also so they own even more knowing full well the management couldn't even be bothered to dip into their own pockets to show investors they do actually believe in the company they run.

[little beaker] 23/3/2022 18:56

hxxps://phase2partners.egnyte.com/dl/SsSCmrDqHy fyi

[creditcrunchies] 23/3/2022 18:52

Basically if major share holders find a buyer in the US they'll green light a takeover there won't be much stopping them either because TCAP management don't buy any shares in their own company to support the share price

[jezza123] 23/3/2022 16:26

u got an article about this CC?