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
  1.45 0.61% 238.60 603,768 16:35:16
Bid Price Offer Price High Price Low Price Open Price
238.40 238.85 239.80 235.55 237.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1,794.00 129.00 17.20 13.9 1,344
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:06 O 3,427 238.10 GBX

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Date Time Title Posts
21/4/202115:22*** TP ICAP ***274

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Tp Icap (TCAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-22 16:22:39238.103,4278,159.69O
2021-04-22 16:15:00235.7513,78232,490.65O
2021-04-22 16:15:00235.3425,81060,741.43O
2021-04-22 16:15:00235.7510,64125,086.27O
2021-04-22 16:15:00235.5123,34954,990.14O
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Tp Icap (TCAP) Top Chat Posts

Tp Icap Daily Update: Tp Icap Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker TCAP. The last closing price for Tp Icap was 237.15p.
Tp Icap Group Plc has a 4 week average price of 232.55p and a 12 week average price of 193.20p.
The 1 year high share price is 377.40p while the 1 year low share price is currently 184.50p.
There are currently 563,336,380 shares in issue and the average daily traded volume is 629,697 shares. The market capitalisation of Tp Icap Group Plc is £1,344,120,602.68.
jeffian: From citywire - Royal London’s Lowson buys into accelerating TP ICAP Royal London’s Henry Lowson believes there is an opportunity at interdealer broker TP ICAP (TCAP) to accelerate its bond and rates trading platform after the acquisition of Liquidnet. The manager of the £437m Royal London UK Mid-Cap Growth fund bought into the business in the second half of 2020. ‘The group has been investing in its high margin, scalable data and analytics business as well as driving electronification of trading and settlement within its broking business,’ he said in his most recent factsheet. Lowson said the acquisition of global equities electronic trading platform Liquidnet ‘provides ample cost synergies as well as opportunities to accelerate TP ICAP’s nascent electronic bond and rates trading platforms’. ‘These initiatives should allow for faster growth, higher margins, and less volatile earnings in time, supporting a higher valuation,’ he added.
rcturner2: I started to buy back into the stock market late last year which ended up looking like good timing, which is luck really. I am now pretty much fully invested again. TCAP should do well from here as long as they can integrate the acquisition successfully.
brucie5: Well done on your entry price. It's been on my watch list for a few weeks now - but clearly not as long as yours! Passes 4 long screens on Stocko, including 'Screen of Screens'. So this is part of my rotation into value.
brucie5: Bought in this morning. Income plus the value of recovery of the share price - for which I'm happy to wait.
bluemango: Posted before, but for reference: hTTps:// In post #184, I adjusted the figures in this article to take account of the actual Rights Issue numbers, and it resulted in this: Assuming a projected £350 million profit after tax in 2023 (broker forecast), that gives EPS of 44p, which at x2 cover equals 22p dividend (compared to 16.85p dividend pre-acquisition)
bluemango: Ticker is unchanged - TCAP. (not ICAP as in your post #229) Given the mayhem in stock markets in US and here today, TCAP's performance in mostly holding steady is remarkable.
bluemango: elsa7878, agreed that would be useful. You've probably seen this, link was posted on this thread before the Rights: hTTps:// They under-estimated the expanded share issue, but usefully gave us the broker target of £500m of EBIT and £350m profit after tax in FY 2023. I adjusted their expanded share issue figures in post #184 to give revised EPS of 44p, which at their newly-targeted x2 cover equals 22p dividend for 2023 (compared to 16.85p dividend pre-acquisition) and at their suggested PE ratio of 12x earnings, this gives a projected share price of 528p by 2023. One problem with this analysis, pointed out by another poster (see #190), is the assumption that Liquidnet will be wholly additive to earnings. All we know about the broker targets is the comment in the link given above, that 'this is based on the combined Liquidnet and TP Icap revenue lines and getting to a post completion EBIT margin of 20%'. Does 'combined' suggest at least some allowance for a proportion of the business moved across platforms rather than additive? Don't know, but if the broker forecasts are at all competently calculated, you would hope so.
tenapen: Death by a thousand cuts :-/ Truly amazing to see the share price under 200p :-/ Tcap must be the only broker worth less than a year ago :-/ :::groan:::
bluemango: Just running through some figures using the estimates in the note mentioned in post #173, we have actual enlarged number of shares 566 million plus 225 million new shares giving 791 million total. Assuming a projected £350 million profit after tax in 2023, that gives EPS of 44p, which at x2 cover equals 22p dividend (compared to 16.85p dividend pre-acquisition) and at PE ratio of 12x earnings, a projected share price of 528p by 2023. Loads of assumptions there obviously (in particular the projected 2023 profit) but on the face of it, this looks compelling. Comments? Here's the note from which I've taken the estimated 2023 profit and also adjusted the enlarged share capital (they assumed back in November a new issue of 168 million new shares compared to actual 225 million): hTTps://
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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