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I think one just has to decide whether estimates of earnings are going to be met, approximately 22p for 2022 and moving up a bit in 2023, with a dividend of around 11p. Then one had to decide whether an historic pe of under 8 is cheap or expensive. The volatility in markets should allow for estimates to at least be met but one can never be certain. The pe is one of the lowest one can find and the yield one of the highest.
More likely a rise to 230 when results are issued....
Do you think it will drop to under 130 as I would love more of this stock as it as a great dividend
Personally, I don't think the management team have done themselves any favours in remaining silent. I would have expected an RNS this morning, simply acknowledging the media reports about failed negotiations regarding the sale of the data division, but reassuring investors they have a clear strategy to realise shareholder value. By remaining silent, they look weak and removed from investors concerns. I wouldn't be surprised if the share price drifts until the Finals. They better be good, otherwise Phase 2 and other institutional investors will be sharpening their knives!!
Incredible how the journalists are reporting this as aborting a process that would have led to distributions of around 1.5 billion pounds , without commenting that is more than the whole market cap!
just read this and explains the drop but no need to sell the silverware at a firesale price that no doubt the buyers tried to blagg.
I liked this bit - roll on 14th March - £2+ please.
TP Icap's board is said to have resisted those demands on the back of improved trading and a rebound in its share price, which has risen by nearly one-third over the past year.
Totally agree. I'd imagine there must be a pretty good degree of confidence in current trading to justify the decision not to sell the data division. Looking forward to Final results on 14th March.
Agree with the latter having it as a really major holding. A lot of volatility around and a pe of only 8 or so on published 2022 estimates plus results and a dividend not far away. Still value in the data business, surely we’ll above an 8 pe, even if not sold now.
Seems like an odd decision not to sell Parameta and release shareholder value. Perhaps management have other plans for the business which they're not able to disclose yet. I would have expected much stronger weakness in the share price if investors were genuinely disappointed by the decision. This could be a good opportunity to top up? Personally, I'm fully loaded. My biggest share holding by quite a large margin!
Unusual share price weakness today, despite market strength. Does anyone know whether there is any news? Thanks.
coffee time and relax, nice
trading it this morning ,could TP ICAP get back what it lost yesterday
and back to 175p rinse and repeat
looking better now though at 185p
Seems to have a hard time staying above 180p for any meaningful time. Always seems to be a sell-off early afternoon. I can understand why you're trading it.
become a trading share for me now, nice
i couldn't keep it quiet any longer, up 4% ,great day for TP ICAP
would you believe i did it again , ffs
LONDON, Jan 13 (Reuters) - The pound slipped on Friday as the U.S. dollar found a footing after falling sharply on Thursday in the wake of December's U.S. inflation reading.
Sterling was down 0.3% against the dollar at 1300 GMT at $1.217, after rising as much as 0.2% earlier in the European session. The pound was giving back some of its gains after rising 0.5% on Thursday.
LONDON, Jan 13 (Reuters) - The pound rose on Friday against both the dollar and euro after data showed U.S. inflation cooled in December and the British economy beat expectations in November.
Sterling was 0.17% higher against the dollar at $1.223, and was heading for a weekly gain of more than 1%.
and today and I think it is safe to say so ,lol
moving today though
I thought it was ready to move higher myself, but looks like it's still consolidating
That shows how much i know, i get my coat, lol .