Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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You are on almost every discussion board I look at. Giving helpful information on all of them. It must keep you busy!
Where do you see this share price going over the next year Mulledwine? If a recession hits as expected then this share price would surely suffer?
Analysts at Credit Suisse have this morning cut their price target for shares of Intermediate Capital Group to 225p from 380p, but while retaining their outperform recommendation. The above action has been taken after modifying their forecasts for profits before taxes for fiscal year 2012 by 5%, to £177m, and for fiscal year 2013 by another 14%, to £178m.
mannan - hello there back
Commenting on the results, Christophe Evain, CEO, said: "We are pleased to announce another solid set of results which is evidence of the strength of our investment portfolio and fund management franchise. Given the uncertain economic outlook we remain focused on preserving our strong performance track record. As the majority of traditional lenders continue to retrench from the credit market, we also see considerable opportunities emerging to acquire debt at attractive discounts in a distressed market, to provide finance to existing buyouts to restructure their overgeared balance sheet and to offer reliable financing solutions for new transactions, thereby delivering high returns to our institutional investors. The progress made on fundraising in a difficult environment is also a testament to our fund management franchise."
Intermediate Capital Group PLC ("ICG") announces its First Half results for the six months ended 30 September 2011. Operational Highlights * ¢‚¬1.1bn first closing of ICG Europe Fund V, including ¢‚¬500m co-investment from ICG, with good momentum towards our ¢‚¬2bn target * £242m final close on Longbow UK Real Estate Debt Investments II, including £50m commitment from ICG * Resilient investment portfolio Financial Highlights * Group profit before tax(1) of £108.8m compared to £105.1m in the first half of last year (H1 11) * £100.6m uplift to reserves following adoption of fair value accounting for our equity investments * Fund Management Company profit of £17.1m compared to £16.9m in H1 11 * Investment Company profit(1) of £91.7m compared to £88.2m in H1 11 * Strong balance sheet with unutilised debt facilities of approximately £615m * Interim dividend of 6 pence per share, unchanged from last year
hello there
Commenting on the statement, Christophe Evain, CEO, said: "The events of the summer have further highlighted the imbalance between supply and demand for credit which will remain a feature of the European credit markets for the foreseeable future. This imbalance is placing considerable stress on credit markets and therefore presents considerable opportunities for specialist lenders to generate high returns by acquiring debt at attractive discounts in a distressed market, providing recovery finance to existing buyouts and offering reliable financing solutions for new transactions. The first close of our next European mezzanine fund and the extension of debt maturities for our balance sheet, despite the volatile conditions, highlight the trust of our business partners in our ability to generate value in this environment."
Embargoed until 7.00am on Thursday 6 October 2011 TRADING UPDATE Intermediate Capital Group plc (ICG) releases a trading update for the six months to 30 September 2011. The Half Year Results statement will be published on 22 November 2011 at 7.00am Highlights * €1.1bn first closing of ICG Europe Fund V, including €500m co-investment commitment from the Investment Company (IC) * £242m final close on Longbow UK Real Estate Debt Investments II, including £50m commitment from ICG * IC portfolio performing well * Strong balance sheet with headroom of c. £540m; £117m debt extension agreed
http://www.investegate.co.uk/Article.aspx?id=20111006070000H2528
Even if all the analysts in all the world think your shares are a raging buy, it may not help much in these markets, says the Tempus column in the Times. Intermediate Capital Group (ICG) shares, before yesterday’s 16p bounce to 214p, had lost 41 per cent of their value since August 7. Therefore, according to which analyst you believe, the shares are “undervalued”, the fall “looks overdone”, or they are “staggeringly cheap”. ICG was one of my tips for 2011 so, unsurprisingly, I am inclined to agree. They sell on about 7.5 times this year’s earnings. House broker Royal Bank of Scotland has cut its forecast for dividends this year because the turbulent markets mean disposals and realisations on investments will henceforth be subdued, but even on a flat out-turn and a total of 18p again, the shares still yield 8.4 per cent. Sometimes the market can take a long time coming round to the right point of view, says the paper.
US uncertainty until Friday and beyond, threatening our Eurozone investments. We knew this week was coming, still concerned but think this too will be ridden out for the short-term at least. Going on more than nerves, this is a good bet as a Strong Buy (or rebuy if you jumped earlier).
Expecting something to be thrashed out Euro-wise, and things to be propped up in the 'Zone in a manner of speaking for another couple of years. Greek and Italian prospects actually look quite positive.
It is falling more on market nerves than fundamentals. If we don't get some recovery above 320p within the next couple of weeks I'd see that as a signal to exit and come back in on a further dip; generally confident that won't be the case; think the 400p+ target is meant for a years' time.
I would normally concur with the buy rating, but to observe the falling-trend which includes today (day before ex-div) has me scratching my head, and hoping for some news or other announcement. A statement from Management please. Should be closer to 400p than 300p without something negative to cause a drop.
RBS reiterates buy on Intermediate Capital Group, target price raised to 405p.
Evolution Securities issued a "buy" rating for Intermediate Capital Group (ICP), the investment and fund management group, with a 405p target price. As the residual risk profile continues to ebb, the broker feels the group faces a 12-18 month period when the return profile will be firmly to the fore. While a strong exit environment should be the key driver, Evolution expects to see incremental news flow on the firm's enhanced fund management strategy adding to the broader investment case. Shares in Intermediate Capital inched lower 6.4p to 313.2p.
profits ploughed into these. Not quite as rock n' roll as miners, more a Val Doonican vibe going on here, yet what's not to like - steady track record and tenuous recovery could make it an essential for us pipe and slippers types GLA pip pip
nor me which is probably why we let it run! GL to you also.
i decided to stick with it :-)
sounds like a sensible plan. cheers
got any insight into this share, been around this mark for a while now. Bought in at 2.00 so fairly happy but am wondering whether its time to close the position and move on. Any thoughts?
fingers crossed 250 by end of week