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TCAP Tp Icap Group Plc

259.00
-1.00 (-0.38%)
13 Dec 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
  -1.00 -0.38% 259.00 544,463 16:35:00
Bid Price Offer Price High Price Low Price Open Price
258.00 259.50 261.50 258.00 258.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 2.18B 74M 0.0968 26.70 1.99B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 UT 242,067 259.00 GBX

Tp Icap (TCAP) Latest News

Tp Icap (TCAP) Discussions and Chat

Tp Icap Forums and Chat

Date Time Title Posts
30/11/202423:11*** TP ICAP ***968

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Posted at 15/12/2024 08:20 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 260p.
Tp Icap currently has 764,716,966 shares in issue. The market capitalisation of Tp Icap is £1,976,793,357.
Tp Icap has a price to earnings ratio (PE ratio) of 26.70.
This morning TCAP shares opened at 258p
Posted at 30/11/2024 23:11 by jeffian
Sorry, tbow, but I don't think I can help you. I'm a bit OCD and normally I keep absolutely detailed records of historic sharedealing for just this reason but in this case all my shares were either in ISA or SIPP so CGT never came into it and I'm struggling to rebuild the history.

Of course, "original costs" depends which shares you bought, when and what your acquisition cost was at that time. In my case, I first bought ICAP shares in 2012 (in 2 tranches that year). In 2015, ICAP sold part of its broking business in exchange for shares in Tullet (I assume what is now TCAP?) and the residual business changed its name to NEX. NEX was bought by CME in 2018 for 500p/share in cash and .0444 CME share for each NEX share.

Frankly, it's a nightmare trying to sort out the CGT in these cases and I would be amazed if anyone ever got it right or HMRC was any the wiser!
Posted at 27/11/2024 18:43 by jeffian
I note that TCAP have clawed their way back to where the shares were at the time of the split. As my corresponding CME shares are up 130%, I'm happy with that.
Posted at 05/11/2024 15:11 by leedsu36
What Does The Institutional Ownership Tell Us About TP ICAP Group?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that TP ICAP Group does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see TP ICAP Group's historic earnings and revenue below, but keep in mind there's always more to the story.
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in TP ICAP Group. Looking at our data, we can see that the largest shareholder is Liontrust Asset Management PLC with 10% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 5.5% of common stock, and Columbia Management Investment Advisers, LLC holds about 5.4% of the company stock.

On further inspection, we found that more than half the company's shares are owned by the top 10 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of TP ICAP Group
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our information suggests that TP ICAP Group PLC insiders own under 1% of the company. Keep in mind that it's a big company, and the insiders own UK£3.6m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider.

General Public Ownership
The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Posted at 05/11/2024 14:53 by leedsu36
FTSE 250 finance firm TP Icap is facing pressure from some of its biggest shareholders to break itself up by selling off its high margin data division.

Several of the firm’s most important institutional investors have begun talks about pressing TP Icap into exploring a formal sale of its Parameta analytics business, Sky News reported.

The investors believe an auction could bring in as much £1.5bn, a sum more than the market capitalization of the entire TP Icap group.

Earlier this year, US activist fund Phase 2 Partners called on TP Icap to consider a plan to sell itself after raising concerns about the world’s biggest interdealer’s “disastrous share price decline”.

It is unclear whether company chairman Richard Berliand and chief executive Nicolas Breteau are prepared to bow to investors’ demands.

TP Icap raised around £315m last year for the $700m (£653m) acquisition of New York fintech firm Liquidnet.

The firm traces its roots back to the formation of foreign exchange broker Tullett & Riley in 1971, which later merged with a raft of London’s largest brokers in the early 2000s.
Posted at 05/11/2024 14:52 by leedsu36
Inter-dealer broker TP ICAP has reported a ten per cent bump in revenue for the three months ended 30 September 2024.

Overall group revenue for the period was £557m. Rates, its largest and most profitable trading division, reported a 14 per cent jump in reported currency terms.

Liquidnet, the firm’s institutional investment network, reported a 28 per cent jump in revenue for the quarter. Its global broking revenue grew nine per cent.

Over the first nine months of the year, overall group revenue grew five per cent to £1.7bn.

TP ICAP considers breakup
Earlier this year, TP ICAP said it was considering a US listing for a minority stake in its data and analytics arm, Parameta Solutions, as it continued to consider spinning out part of the business.

The group has faced shareholder pressure to offload Parameta as part of calls to improve its share price. Parameta has outpaced TP ICAP’s flagship broking business in revenue growth.

Today, the group said it was “progressing strategic options” regarding Parameta, which might include the minority listing, but it said there was “no certainty” about either a listing or its location.

The firm added that Parameta’s revenue grew by nine per cent over the last quarter.
Peel Hunt analysts Stuart Duncan and Robert Sage noted the FTSE 250 firm reported “good growth across all divisions” for the nine months ended 30 September 2024.

“We remain of the view that the strategic options being considered for Parameta are a positive step to unlocking the undoubted value of this division,” said the Peel Hunt analysts.

“Our SOTP [sum-of-the-parts] valuation model continues to suggest that a target price of 280p could prove conservative.”

Although TP ICAP’s management warned that currency movement remains volatile and could impact its full-year profit, it said it was “comfortable” with market expectations and did not change guidance.

Shares in TP ICAP have returned 24.1 per cent, including dividends, so far this year.
Posted at 19/9/2024 10:59 by japatrick
agree with ken mitch - dont stay invested and moan but also dont buy a dip in the expectation this co. management team can sustain a long(er) term share price improvement. prefer the UK spread betters, BGC.GFI or Marex for way they are run and macro sector exposure - look at their performance over 5 yr v TulletPrebonIcap
Posted at 12/8/2024 09:48 by kenmitch
JaPatrick

Criticism of PAST TCAP Management decisions, including over paying for Liquidnet is valid. And they are among the reasons the share price fell 75% from £4 to £1.

But surely a key to successful investing is to realise this key fact; stock markets look ahead and not back? So at just £1 investors had well and truly priced in the bad news. That was the time to buy and that’s when I bought and posted that I had at the time. And the share is now up 120%. And the dividend yield at £1 is over 14% and likely to rise further.

The mistake was when investors continued to hold TCAP despite thinking things like “they’ve way overpaid for Liquidnet.” If investors thought that they should have sold then and either moved on for good or looked to buy again when the relentless share price fall showed signs of reversing and on the first hints of better trading.

So many small investors stay invested and then moan like mad on bulletin boards about hopeless Management etc etc. why? Just move on to a share where that’s not the case and where you have a far higher chance of doing well. Why hold shares you hate?

But THE key points are to take on board that stock markets look forward and not back and that the time to buy is when bad news is priced in but recovery after bad news and bad decisions isn’t. And an ideal time to buy across the board is after big market falls when as with an individual share, most of the bad news has been priced in, but recovery hasn’t.
Posted at 27/6/2024 13:26 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 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 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)
Tp Icap share price data is direct from the London Stock Exchange

Tp Icap Frequently Asked Questions (FAQ)

What is the current Tp Icap share price?
The current share price of Tp Icap is 259p.
How many Tp Icap shares are in issue?
Tp Icap has 764,716,966 shares in issue.
What is the market cap of Tp Icap?
The market capitalisation of Tp Icap is GBP 1.99 B.
What is the 1 year trading range for Tp Icap share price?
Tp Icap has traded in the range of 170.70p to 272.00p during the past year.
What is the PE ratio of Tp Icap?
The price to earnings ratio of Tp Icap is 26.70.
What is the cash to sales ratio of Tp Icap?
The cash to sales ratio of Tp Icap is 0.91.
What is the reporting currency for Tp Icap?
Tp Icap reports financial results in GBP.
What is the latest annual turnover for Tp Icap?
The latest annual turnover of Tp Icap is GBP 2.18B.
What is the latest annual profit for Tp Icap?
The latest annual profit of Tp Icap is GBP 74M.
What is the registered address of Tp Icap?
The registered address for Tp Icap is 22 GRENVILLE STREET, ST HELIER, JERSEY, JE4 8PX.
What is the Tp Icap website address?
The website address for Tp Icap is www.tpicap.com/tpicap/our-group.
Which industry sector does Tp Icap operate in?
Tp Icap operates in the INS AGENTS,BROKERS & SERVICE sector.

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