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TCAP Tp Icap Group Plc

-4.50 (-2.11%)
12 Apr 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
  -4.50 -2.11% 209.00 2,380,173 16:35:06
Bid Price Offer Price High Price Low Price Open Price
208.50 209.50 219.50 208.00 219.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 2.18B 74M 0.0950 21.95 1.62B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:03 O 14,407 209.04 GBX

Tp Icap (TCAP) Latest News (1)

Tp Icap (TCAP) Discussions and Chat

Tp Icap Forums and Chat

Date Time Title Posts
10/4/202411:31*** TP ICAP ***921

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Tp Icap (TCAP) Top Chat Posts

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Posted at 14/4/2024 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 213.50p.
Tp Icap currently has 779,190,956 shares in issue. The market capitalisation of Tp Icap is £1,624,613,143.
Tp Icap has a price to earnings ratio (PE ratio) of 21.95.
This morning TCAP shares opened at 219.50p
Posted at 19/3/2024 16:15 by ppreston1
Totally agree with you. JP Morgan price target seems pretty conservative. Liquidnet isn't the same business as it was 1 year ago. Coming along nicely now. Also throw in the possible Parameta minority IPO into the mix as well. Seriously undervalued.
Posted at 19/3/2024 14:54 by ggrantsu
cheers Preston...I've read their note.

the really key thing is their words at end commenting on the target multiple they give 'we realise this is still a large sifgnificant discount to other financial structure platforms, which generally trade on high teen multiples or more'

still so much upside here as Liquidnet improves and the solid performance continues. target price for starters in my view should be 3.50.
Posted at 12/3/2024 22:56 by jeffian

I agree with your approach but I hadn't heard the 7/7 thing before. I have bored people to death with my High yield/Low PER approach (same thing) which was the foundation of my portfolio in the run-up to 2000 and proved spectacularly effective (at least until 2008!). It's still something I feel very comfortable with.

As far as LSE is concerned, clearly the domestic market has shrunk. IMO, in large part this is to do with the institutional shift from equities to bonds, meaning that the UK instis are no longer the driving force that they were. I also have a theory that the current fashion for share buybacks (which I hate as a method of "returning value to shareholders", which they don't) is simply shrinking the market. Last time I bothered to look, over 30% of all daily RNS announcements were "Transactions in Own Shares"! BUT. This is a global market. If London is as cheap as people say it is, why aren't international investors swooping in and hoovering up cheap stock?
Posted at 12/3/2024 19:35 by thorpematt
I note that Stockpedia has a ranking of 100 on this.

I originally invested here after it came up on one of my value screens.

In my opinion Stocko has the EV wrong on this because the client money should be ring fenced in the calculations. Nevertheless I do concur that this is profoundly discounted. Also I perceive that the recent downtrend in the stock price is overdone.

In any event this remains one of my top holdings and I am rather pleased in today's move. I think there is much more to come.

I have mentioned 7/7 stocks before (apologies if repeating myself). In essence a yield of 7 or more and a PER of lesss than 7. There are quite of few of those on the UK list at present. Including TCAP

I am (mid-term) optomisitc on UK listed stocks and future returns. I think this link explains that in part at least: -
Posted at 12/3/2024 16:41 by dope007
Can't see a minority IPO working. It again relies on the market to value it correctly and if on the LSE then good luck. However I would expect most funds would want a full IPO and traders would need a good float for trading it.

For me either keep it 100% or a full IPO at full price. Keeping it should be the best option and let those moaning about the stock price sell their stock to someone else.
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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