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TCAP Tp Icap Group Plc

221.00
5.50 (2.55%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tp Icap Group Plc LSE:TCAP London Ordinary Share JE00BMDZN391 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  5.50 2.55% 221.00 3,121,876 16:35:29
Bid Price Offer Price High Price Low Price Open Price
220.50 222.50 222.00 215.50 216.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 2.18B 74M 0.0963 23.00 1.66B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:29 UT 494,651 221.00 GBX

Tp Icap (TCAP) Latest News (1)

Tp Icap (TCAP) Discussions and Chat

Tp Icap Forums and Chat

Date Time Title Posts
22/7/202422:58*** TP ICAP ***938

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Tp Icap (TCAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:29221.00494,6511,093,178.71UT
2024-07-26 15:29:23221.501,8003,987.00AT
2024-07-26 15:29:22221.0052114.92AT
2024-07-26 15:29:22221.0066145.86AT
2024-07-26 15:27:40221.007631,686.23AT

Tp Icap (TCAP) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Tp Icap Daily Update
Tp Icap Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker TCAP. The last closing price for Tp Icap was 215.50p.
Tp Icap currently has 768,460,530 shares in issue. The market capitalisation of Tp Icap is £1,702,140,074.
Tp Icap has a price to earnings ratio (PE ratio) of 23.00.
This morning TCAP shares opened at 216p
Posted at 10/7/2024 21:27 by podgyted
Stockopedia has this as a classic value share - fwd PER of 7 and fwd yield of 7%.

Seems currently to be rising in anticipation of the interim results on 7th August. Broken thru 50 day ma.

Looks good, but I guess you have to balance the upside of Parameta vs the potential downside of the legacy litigation. Core business seems undervalued given the PER .

Interesting.

BWDIK
Posted at 29/6/2024 08:37 by carcosa
TP ICAP Group's Net Funds excluding lease liabilities as of December 31, 2023 was £381 million. This represents a significant improvement in the company's financial position compared to the previous year.

To break this down:
The company had cash and cash equivalents of £1,029 million
Financial investments of £189 million
An overdraft of £10 million
Total debt of £827 million (excluding lease liabilities)

The calculation is as follows:
(£1,029m + £189m) - £10m - £827m = £381m

The improvement in the company's financial position is partly due to their active debt management, including refinancing activities and debt repayment. For instance, in April 2023, the company issued new Sterling Notes maturing in 2030 to refinance part of their 2024 notes.

For anyone asking why lease liabilities should be excluded when calculating Net Debt/Funds it is important for several reasons:

Historically, net debt calculations have focused on interest-bearing financial obligations. By excluding lease liabilities, companies maintain consistency with traditional debt definitions and allow for better historical comparisons.

While lease liabilities share some characteristics with debt, they differ in important ways. For instance, lease obligations typically cannot cause bankruptcy, unlike secured debt. This fundamental difference in risk profile justifies treating them separately from traditional debt.

Lease liabilities can be more flexible than traditional debt. In some cases, companies can renegotiate or terminate leases more easily than they can restructure debt.

Excluding lease liabilities allows investors and analysts to focus on the company's core financial obligations and its ability to service traditional debt.
Posted at 27/6/2024 14:26 by chasbas
I am piling into TCAP ahead of results in August (date anybody?) hoping for news on Parameter but happy with fundamentals regardless. Love the yield of over 7% (at 202p) which seems to me to be very secure IMO. There are share buy backs so balance sheet is strong. Management is focusing on capital management.
Deutsche Bank starts TP ICAP with 'buy' - price target 264 pence (thanks Ppreston1)
Money brokers have always been lowly rated by the stockmarket BUT I am hoping that Parameter IPO or similar will boost the share price. What's not to like?
Market cap is £1.6bn so I believe this to be a consequential company and a global market leader. IMO
GLA
Posted at 14/6/2024 09:57 by xamf
DO NOT CLICK ON THE NEILYB675 LINK ABOVE.

The same link has been posted to numerous other threads without explanation. Best be safe.

Back to TCAP. All this volatility must be good for business!
Posted at 02/5/2024 10:25 by ppreston1
Deutsche Bank starts TP ICAP with 'buy' - price target 264 pence
Posted at 10/3/2024 07:16 by value hound
Yes - as mpage says from the FT...

"TP ICAP separates data unit following investor pressure

Parameta Solutions registered as standalone company in preparation for potential listing or sale.

--

UK broker TP ICAP has separated a fast-growing division that sells data to traders as it attempts to respond to pressure from its investors to return capital.

The data unit, Parameta Solutions, was registered in February as a standalone company as TP ICAP prepared a possible sale or listing of it, said two people with knowledge of the matter. Parameta is registered as a separate company on the Jersey companies register.

The decision to separate Parameta follows intense pressure from some of TP ICAP’s biggest shareholders to offload it because of the broker’s sinking share price. One investor said Parameta could generate as much as £1.5bn from an initial public offering, which is more than TP ICAP’s entire market capitalisation of £1.46bn, based on its stock price on Friday.

In 2022, the City of London broker was lambasted by a US hedge fund for its “disastrous share price decline”, and investors had called on the company to either sell itself or Parameta. The separation of Parameta indicated that those plans were now on track, the investors said.

TP ICAP’s share price has recovered about 70 per cent from its 2022 lows but is still depressed, trading flat over the past year.
Posted at 13/2/2024 14:27 by ppreston1
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.
Posted at 24/1/2024 11:26 by ppreston1
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!
Posted at 23/3/2022 12:18 by lindowcross
The person I speak to who works at a high level advising merchant banks in the City has had meetings with people from Liquidnet prior to the takeover. He was impressed. His comment was that as a successful fintech business Liquidnet would be highly-rated on a standalone basis as a "growth" enterprise. He commented also it could possibly cause tension with some banks, as they have sell-side operations which would be in competition with Liquidnet, while doing more conventional broking business with TCAP. It seems odd to me the high-rating which should be attributed to Liquidnet, doesn't seem to be reflected in the TCAP share price. (But then I know next to nothing about what goes on in the City)
Posted at 16/10/2020 11:51 by sick of it
Good point.The mistake would be the voice purchase because it was a slowly declining business.Future is electronic.However, this is why tcap share price been poor for long time so I thought it should have been priced in - but I guess not.Luquinet is not a mistaken purchase to me it appears to recognize the future. And the share price gets punished because that's what ftse250 is like!UK market is not like the USA where even bad news is good news. In my view, this doesn't make the voice purchase necessarily a mistake - but it definitely was poor value for money. Now this looks like excellent value for money. Very simple. Market is confused but I think tcap is doing the right thing here.
Tp Icap share price data is direct from the London Stock Exchange

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