Tp Icap Share Discussion Threads

[brucie5] 26/7/2022 19:09

TCAP just moved up Stocko's ranking, from 82 to 90.
FWIW.

[brucie5] 16/7/2022 23:03

Thanks Ken.

[dhoult12] 16/7/2022 14:40

There certainly is a lot of bad news in the price and it might bounce from this price for a short term trade.

Would caution against long term hold. The markets including commodities are going to platforms i.e. not voice brokers. Micheal Spencer realised that years ago and flogged this shower all his. Then sold the shares the following week..

For it to be a success in the medium or long term they need their own platforms to be fully integrated and into an already crowded space at the market makers. They have no successful track record of doing so and every record of making a pig's ear of the integration.

[kenmitch] 16/7/2022 10:08

The figures were from Stockopedia. They show 282 million shares in issue in 2016 jumping to 631 million in 2017. That will (presumably?) be a consequence of the merger of Tullett Prebon with the voice brokerage arm of Icap in 2016.

Shares in issue were approx 631 million until a fund raising lifted that to the current 768million.

I wasn’t being devious and since last posting have bought TCAP again. Not yet confident that’s a good decision, but decided to risk buying ahead of a possible bounce after their results, as so much bad news now looks priced in.

[brucie5] 15/7/2022 09:12

Re extra number of shares, which % is factually correct please? Would be good to see some evidence for whichever assertion is made...

[ppreston1] 15/7/2022 09:09

Totally agree. Don't understand it.

[dhoult12] 15/7/2022 04:46

Stunning that this useless management team have not been forced out yet.

[sick of it] 14/7/2022 23:33

There is about 30% more shares than 5 years ago.
Are you purposefully misleading with that stupid statement?
3 times more shares?
LOL pleaSE educate yourself before rambling on public forum

[elsa7878] 11/7/2022 18:01

Volume (liquidity) in the options / futures markets is very light.

[ppreston1] 11/7/2022 16:47

Something odd here. The relentless share price decline appears to be accelerating. However, buying volume outstrips sellers, albeit the total volume is relatively subdued. No sign of significant institutional selling. Smacks of manipulation if you ask me. Nothing showing up for short interest.

[kenmitch] 08/7/2022 17:11

I agree jeffian. Key is to buy quality and then look to hold longer term and see results and trading statements as the time to reconsider, and not the constantly changing share prices or charts, so with that approach 50 is not too many.

As for TCAP....I used to hold but cut the loss. March results were uninspiring and so was their last update. The share looks too cheap and dividend is very big, but will it be held? TCAP are aiming for 2 times dividend cover, yet at present the dividend is uncovered.

The charts show TCAP at multi year lows, BUT doesn’t that hide the fact that there are around 3 times more shares in issue than 5 years ago after rights issue. So eps are now spread over so many more shares, and previous chart highs don’t reflect that afaiaa.

If still holding I would probably continue to hold until their next results and then decide. As I don’t hold, instead I’ll wait for their results before deciding whether or not to buy. The thing is that there are so many higher quality shares at bargain prices, with some (e.g see LGEN update this week) confident of increasing their dividends that there’s no need to buy any share where the risks of a negative update are much higher.

[jeffian] 08/7/2022 16:44

"50 would drive me to distraction."
Only if you spend a lot of time trying to micromanage your portfolio. I'm a 'buy and hold' merchant in the truest sense that I rarely sell anything unless there's a really good reason to. Basically just keep track of the accounts at half/full year and flag up any RNS's in between. I'm retired so not very onerous. 7am-8am read RNS; 8am> react if necessary; 9am onwards, get on with life.

[brucie5] 08/7/2022 14:40

I may be wrong with Tcap but see it as deep value.

[brucie5] 08/7/2022 14:39

50 would drive me to distraction. Main drivers of performance are quality or value of holdings in context of relative sectoral and macro climate. We're now in value mode, with high divs providing some buffer against inflation and, if sustainable, further deep falls.
In due course the wind will change and we'll be back to growth.

[jeffian] 08/7/2022 10:14

I'm (well, inc wife) around the 50 mark, mainly individual shares but a goodly smattering of IT's in wife's ISA to avoid her having to bother 'after I'm gone'. However, I recently acted as Executor for my late brother-in-law and his holdings came to just shy of 280 - quite a few unlisted bought for tax shelter reasons - and that was a nightmare!

Coming back on topic to TCAP, although it's been a bit of a disaster, I am reasonably sanguine as, following the split, the CME shares I received have greatly exceeded any losses on TCAP.

[brucie5] 08/7/2022 09:32

bluemango7 Jul '22 - 13:47 - 778 of 780
0 0 0
Realise this is straying off topic from TCAP, but my range of holdings is between the above two examples - I try to keep to around 19 to 20 different shareholdings in my income portfolio. Max to efficiently keep track of, and enough for some diversification.
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Yes, horses for courses, really. 19-20 should offer sufficient diversification.

[brucie5] 07/7/2022 20:12

Ah, yes indeed.

[rcturner2] 07/7/2022 19:52

I do also hold 9 investment trusts which probably changes the conversation a bit lol.

[bluemango] 07/7/2022 13:47

Realise this is straying off topic from TCAP, but my range of holdings is between the above two examples - I try to keep to around 19 to 20 different shareholdings in my income portfolio. Max to efficiently keep track of, and enough for some diversification.

[brucie5] 07/7/2022 09:53

Not with the kind of income it affords me, and choices I can make about risk and sector. Plus, you have the opportunity to turn more carefully into emerging trends: like a flock of birds, subtly changing formation... Additionally, I don't have to worry about making very large mistakes. Six shares is doable, carrying 15% risk apiece: or 7.5% damage to folio, if one tanks to 50% of value. I've done fewer in the past, but no longer at my age.

[rcturner2] 07/7/2022 07:19

Once you have 32 shares you might as well just buy a tracker or general equity fund.

[brucie5] 06/7/2022 13:03

All great shares, afaik, and I hold them all, bar POLR.
But if that's the lot, it's quite a concentrated folio!
I last counted 32 in mine!

[rcturner2] 06/7/2022 11:26

ps my current holdings are LGEN, MGAM, PHNX, POLR, SOM and SYNT.

[rcturner2] 06/7/2022 11:24

You are right that almost the whole market will get taken down. But I am more than happy to hold some very solid players in this market because I am reasonably confident that in 12 months time they will still be solid players. What I don't want to hold are conpanies that are already struggling. TCAP and JUP being prime examples.