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See reuters
Great to see a recovery starting ??
let's see the FT story
Nice to see sustained buying pressure, 150+ close?
FT reporting a potential buyout scenario
bawardation lol let's let the shorters exit in an orderly fashion
yep someone knows something
whisper of a suitor to put you all out of your misery.
Volume spike yesterday was 5 x Monday and motoring well today too.
Sniffing out a news pending (I wish)
GLA
through 140p yep
lots of options as we pop through 140p shortly
CBOE could do worse than buy them and integrate Liquidnet with their BIDS biz
heading toward £2 or a bid ... nice volume again and all the broker upgrades- great for trading.
here we go again 138p ,nice
Cane - your constant negative drivel around here seems to fail to deter the bottoming of the sp.
(Sharecast News) - Shore Capital upgraded its stance on TP Icap on Tuesday to 'buy' from 'hold' following the company's results last week.
It said the FY numbers were broadly in line with its estimates after significant downgrades through last year.
"The results portray a company which still faces large structural challenges," the broker said. "However, the outlook was surprisingly cautious, in our view, given the backdrop of yield curve steepening, interest rate rises, market volatility and recent weakening in GBP versus USD."
Shore said the stock's valuation was not demanding coming into these results, however it has since lost further ground.
"The share price appears to be saying that the dividend is not sustainable. We think it is and leave dividend per share forecasts unchanged, implying a yield of 8.8% in FY22F rising to 10.1% in FY23F."
Shore said that while TP Icap is not one of its favourite stocks among UK financials, the dividend yield is now sufficient for it to recommend the shares.
Mary you were spot on with 132p ,
Impressive. Just need some Director buying to really get this to take off!
A lot of buys going through today.
I think they (Shore) issued a Buy (previously Hold)
Looking for a breakout above 132p 50 day MA to comform and then 146p for the 200 day MA and then up up and away.
Barclays £4 target seems outlandish but who knows really.
Shore Capital reissued their hold rating on shares of TP ICAP Group (LON:TCAP – Get Rating) in a research report report published on Tuesday, Marketbeat.com reports.
Separately, Barclays reissued an overweight rating and set a GBX 400 ($5.20) target price on shares of TP ICAP Group in a research report on Monday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of GBX 278 ($3.62).
Volcano, I see they said BUY but is there a link the the report please?
been busy, what did Shore say?
yes and Shore Capital advice helping as well
As I called last Friday..... seems to be a nice volume too - very bidable at these lows ..... GLA heading through to 150p if this momentum continues.
Double bottom intact Fri 06:26
Seems to want to rise, expect a rally to 130p out of the blue when least expected