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RR Well Done, CHAT
If this gets to £21.06 it will be a two-bagger for me, in just 18 months. It was a lucky buy (and will offset some of the crud I've bought).
Good 3Q figures, currently 72nd place in FTSE100; yield 4.65% but hopefully due to rise with increase in AUM.
CHAT.
So back in FTSE100. The tracker funds have to follow - Good yield - Good management - Jump aboard'
CHAT
I think £20 within the next year is looking very achievable.
Good results in the macro climate of the past 6 months. A well managed business under private investors radars so very little interest on LSE!
AceOfClubs
BlackRock picks up Intermediate Capital in share price blip
BlackRock manager Adam Avigdori has picked up a stake in Intermediate Capital (ICP) after recent weakness in the private equity group’s shares.
The Citywire Elite Company was added to Avigdori’s £37m BlackRock Income & Growth (BRIG) investment trust, which he runs with David Goldman.
‘Intermediate Capital has demonstrated the resilience of its business model while trading on an attractive valuation,’ Avigdori said.
‘Recent weakness in the share price has given us an opportunity to regain exposure here having sold it in the past at a higher valuation.’
More generally, Avigdori said domestic-facing UK companies have been impacted by rising inflation and fiscal policy, with financials being one of the hardest-hit sectors.
‘The valuation of the UK market continues to be extremely low in absolute terms but particularly versus other developed market indices with many companies, notably the domestic earners trading at Covid or Brexit lows in share price or valuation terms,’ he said.
‘Although we anticipate further volatility ahead as earnings estimates moderate, we know that in the course of time, risk appetites will return and opportunities are emerging.’
1269.5p to Buy - So on 30 July 2023 JPMorgan target price was 1719p - That would be 35% mark up - so FTSE250 gets a hiccup - Are things really that bad or has a trader sold 25m shares?
Apologies - Too much PASTE, not enough CUT.
CHAT
1269.5p to Buy - So on 30 July 2023 JPMorgan target price was 1719p - That would be 35% mark up - so FTSE250 gets a hiccup - Are things really that bad or has a trader sold 25m shares?
CHAT
Just in. CHAT
ReplyRecommendReport
JPMorgan raises Intermediate Capital target to 1,719 (1,625) pence - 'neutral'
Just in. CHAT
I bought into ICP at £10.53 three months ago, mainly for the excellent divi. Great to see the market cap rising since then.
Dividend 76p SP 1122p = 6.77% Yield
17 Nov. Half year results due. BUY!!
CHAT
Dividend for me,
Is 76p;
Lse, Can't you see?
76p;
CHAT.
Does anyone know how to contact lse? They have the incorrect information on their summary page for ICP. It might not affect the SP but I do not like to see PIs misled even if the misleading info. is positive.
CHAT
Didn't notice this drop back to pandemic levels. Surprised also, always returns good divis and the team know what they're doing, good time to buy more, but with the current climate, better time to buy may be round the corner?
Appreciate the macro economic factors at play here, even then the drop is startling. Anyone any ideas whats going on here?
Dividend for me,
Is 76p;
Lse, Can't you see?
76p;
CHAT.
Grapeboy,
You are of course correct. I am in Austria taking a break and do not have any finanacial records with me. My excuse is the local wine is good and strong.
CHAT
39 p paid 5 aug 21 and 18.7p paid 10 Jan 2022
Total 57.7p
Grapeboy,
I believe it would be normal to determine thyield by taking the last final and last interim dividend. However you add them together it is more that 57.7p
CHAT
Canchat, there must be a set process for updating the dividends and the figure on the website here is 57.7p which is the interim dividend for the year ended 31 mar 22 together with the final dividend for year ended 31 mar 21. I guess as soon as the payment for the last FY is paid, the data will change to a total of 76p. Given the AGM was just the other day, the final dividend can’t be seen as a given until it’s approved there.
As for the first quarter update I took it positively but given the share price hasn’t been doing well just recently whilst the AUM are still growing, there must be a fear that the investments may not continue to deliver the results and earnings they have been making in recent years due to all the fears about the economy. I am in this for the long term anyway as if they can deliver their own strategy for growing AUM the share price must take care of itself.
P.s. Thought the Q1 figures were encouraging in the current climate.
CHAT
Grapeboy and K1986, I agree with your sentiments, I can't understand why the IIs don't jump aboard? I know the buy/sell of £4m (say) happens almost daily and some professionals gamble on ICP.
Although it does not affect IIs I have noted for some time that the statistics on the share price page are wrong. How can I alert lse to this? The total div was 76p, lse only shews the second dividend. The dividend yield is therefore also wrong! Do lse read these messages?? It might help the sp if these were corrected? I am confident that the sp will improve slowly.
CHAT
This is surely in load up territory, sub 1300 seems very cheap, anyone any ideas on why this has dropped so low?
Canchat, my only thought on why the market takes the current view is that during the financial crisis in 2008-9 the share price really did fall heavily and even at the start of covid. Despite its ability to quickly re rate and these low price periods not lasting long and the business model seemingly a lot more sustainable these days I still think there could be an underlying jitteryness about the company potentially suddenly having a wobble in performance yet the facts show a consistently growing AUM, NAV growth and amazingly confident forecast of 40bn USD of AUM growth a year earlier than previously forecast by 2024. Maybe needs to recover again to previous levels to once and for all move away from current rating and share price range. I hope so as I have my biggest holding here.