Tp Icap Share Discussion Threads

[ggrantsu] 13/2/2024 16:53

good find preston that FT article...

plays directly into my thesis that we are on for a stunning year ahead here at ICAP. one of the few names out there which directly benefits from financial market weakness/meltdown!

unbelievably cheap...with the highest FCF yield and net cash position combined in the UK markets. and that cheapness is before factoring in the real value of Parameta...totally confounds me the lack of interest in this stock.

[ppreston1] 13/2/2024 14:27

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.

[ppreston1] 13/2/2024 13:55

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/content/e0f66ca3-aac3-4775-b3ad-f0c8a71d08e6"Broker Liquidnet said it has seen a surge in trading volumes in real estate investment trusts, and also in property-related debt - not just in the speculative part of the market, but also at the more conservative end of the spectrum that is "not used to seeing such volatility".At the start of last year, it added, real estate related flows accounted for a single-digit percentage slice of its overall trading, which is focused on illiquid assets. That has now swept up to around 16 per cent of a total that is also growing fast. Not all of this is distressed, but some of the debt is trading at prices as low as 30 cents on the dollar.

[elsa7878] 24/1/2024 16:47

The elephant in the room is naturally cum-ex.....seem to be more cases coming to court and settlements with banks....the situation here is as clear as mud!

[ppreston1] 24/1/2024 11:26

Elsa, great find with that article! This indeed looks very encouraging. Everyone pretty much agrees they overpaid for Liquidnet, and the performance has been a dog ever since. However, if they're beginning to turn things around as the article suggests, this could signal a major rerating. Right now, the value of Liquidnet is discounted for free based on the current market cap and has been a drag on the share price. Final results on 12th March should give us a clearer picture. Looking forward!

[elsa7878] 23/1/2024 18:50

Don't rate him at all but agree with some of his observations. I'm still getting comfortable with the investment thesis.

See there is someone on here that downticks any positive comment.
If you have an alternative view let us know. What's the point in having a strong view and not sharing it.
Looking forward to the silence and the downtick....

[ppreston1] 23/1/2024 15:08

Gervais Williams from Premier Miton is bullish on TCAP at 30:05https://youtu.be/Rdk7az1bdqo?si=appHZGVSnymvauR6

[elsa7878] 23/1/2024 10:15

Looks encouraging.

[trendz1] 09/1/2024 12:47

hxxps://x.com/trendz_lse/status/1744671530016006351?s=46

[ppreston1] 18/12/2023 17:40

Christopher Mills, CEO of Harwood Capital talks about TCAP at 54:20https://www.youtube.com/watch?v=M_iIre1pAW4&t=3260s

[scottishfield] 15/12/2023 10:07

JPMorgan raises TP ICAP price target to 259 (253) pence - 'overweight'

[coxsmn] 16/11/2023 07:01

Global liquidity is vanishing at the fastest pace since 2008

[boystown] 04/11/2023 09:49

TCAP's trading statement covered briefly here at 26.50 ("a no-brainer"); hxxps://youtu.be/ROFKJg6vc6I

[japatrick] 01/11/2023 20:20

said before this should be a 200p stock for cash it generates and div cover. CEO been 5 years and with strategy department is laughing stock. they let good tullet people go and even those who improved their trading systems to customers now gone. what's left is why stock is 150p and top 20 holders selling

[trendz1] 31/10/2023 14:43

Stockopedia isn't showing any changes to forecasts. 7% down is a mystery. Doubled my holding here today. GLA

[peddlers] 31/10/2023 12:44

Im afraid I also exited early this morning.

[spooky] 31/10/2023 11:37

Did the analysts get some information that wasn't made available to the rest of us? No position.

[aeonflux] 27/10/2023 20:05

Only started buying this one a few days ago but sold for a 2.3% loss and a VERY quick exit.I thought it was looking like it was making a breakout over its 50d MA and 200d MA but maybe I should have waited a little longer?One to keep an eye on for sure because it ticks a lot of boxes.

[peddlers] 18/10/2023 11:39

Cheers Melton John for info ☺️

[melton john] 18/10/2023 11:37

Some sore loser going back months. Downticks every post. Saddo. Ignore him.

[peddlers] 18/10/2023 11:19

Why the red arrow?

Explain yourself?

You're not short are you?

Ped

[peddlers] 18/10/2023 08:30

I see on a recent analysis Paul Hill has fair value of £2.50 on these.

Nice PE and PEG ratio with loads of cash.

Good luck

P.

[peddlers] 18/10/2023 08:08

Bought in here today.

Ridiculously cheap.

Target £2

[jubberjim] 19/9/2023 16:26

I ve been adding on every dip as and when funds available

Average improved and nothing else doing anything or going anywhere

Fed and Old Lady might give impetuous

In the meantime dividend succours

Good luck holders

[melton john] 29/8/2023 17:47

Lorse I've sent you a PM with info, hope that helps.
I think newspapers info is out of date so quick compared to on-line so the don't bother any more.