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Good results out today , increased divi and share buy back should lift sp imv.
A couple of delayed buys reported after the bell with a combined volume of over 2 million. Definitely haven't seen that for a while. Hopefully the tide is turning.
151p this morning, could it be the bottom for now,
I think the depressed share price is industry wide because the depression in equities has caused the amateur traders to quit. TCAP didn't help itself by grossly overpaying for the no growth business that is Liquidnet. TCAP has historically done well when interest rates have been on the move and they certainly have lately in EU, UK & US. Perhaps sacking all those well paid bond dealers wasn't such a good move after all?
IGG overpaid for another American lemon in tastytrade. PLUS made much cheaper and more successful entries into the US & Japanese markets but that hasn't saved its share price either.
TCAP needs rising equity markets to tempt the punters back in. If it has lost its position in fixed interest that could be permanent damage.
Another in the "too cheap to sell category" and I have a basket load of those!
AceofClubs
Well, I guess I've found the answer to my previous question. It's so disappointing to see the share price sub 160 again. To be honest, I didn't think the trading update was too bad apart from Liquidnet. Obviously, the market feels otherwise. Wish a PE fund would stump up the cash and put TCAP out of its prolonged share misery. Such an unbelievable bargain at these levels.
Any views as to where the share price is heading? The recent price weakness doesn't look encouraging.
it looks like today is the day , nice
ex divi today 8p
yes it is bad time we are back to 180p
Hi all LTH
Been holding this a while, was nervous recently as the recent market chaos has rocked the SP.
However SP has rebounded from long-term support around 162p, and TCAP is now looking good for a top-up before ex-div next Thursday 13th April (7.7% div PA).
Analysts are saying it's a strong buy with average price target 230p (+ 31% from current SP) - so potential gain 38.7% from current level (with dividends)
All IMHO
Regards,
Teeb
Just like i said. The drop has been reversed .
It was a ridiculous manipulated drop quite obviously
Only a total Muppet sells good results
Also the drop was, I guess, because of SVB - again that event will results in more revenue for tp icap which then makes the drop a joke. There are some total imbeciles who manage big money . Sad facts but I'm glad we heading higher
Looks marvellous as I said 14 March. Terrific volatility and really low pe and high yield.
volatility in the markets is helping here
Generally if someone is selling then another is buying. Isn't that what makes Mr Market.
Glad you make money one way or another. Digital or divis whatever floats your boat.
I'm gaining far more profit from digital items that pay no dividend. That's why London market is crooked and run by idiots. If they had one brain cell they wouldn't be selling profitable divi paying shares. But I know this society is in a terminal decline as shown by the fact that people are unable to tell which gender they are.
CSB. If its that crooked a game why play. Bad news acts fast and the unknown is what drives the price downward. Big changes tend to over correct waiting for some sort of action to mitigate the problem.
In this case the bank was wound up and HSBC bought its UK arm for a quid. The end of the world became just another rainy day. There is more to do and some US banks need assistance but I expect more action will be taken and regulations update.
Fortunately this had just announced an update that was relatively positive. A known known in all the doom.
Your 3 days are up but I only see a slow climb back up. Might be handy if it stays low for the start of the next tax season but save a bit as I think I can see a black Swan in the distance. Which way is it flying though.
JPMorgan raises TP ICAP price target to 235 (210) pence - 'overweight'
Peel Hunt also reiterated their Buy recommendation with a 240p price target.
CSB this is a sets stock - electronic trading, no MMs
The price was probably only dropped artificially by the MMs for their mates. Within 2-3 days it'll all be reversed.
The London market is hell-bent crooked as it is
Worse than the crypto market imo
After multiple attempts I managed to get through although the price had risen 2.7p :(
I dont think I was charged any stamp duty so maybe a little compensation. A bump in the dividend is always welcome and the results at first glance seemed ok but the Liquidnet seemed a bit off.
Checks current SP, looks like that batch is on the up just a pity about that couple of pence I could have had extra.
had same issue but did get some around 160p
I can't get a buy done. I keep getting Negotiated Order
Seems such a great buying opportunity. With eps this year looking like around 25p and the price including a dividend of around 8p, that makes a pe of about 6! They must love this volatility and not sure it will stop with big uncertainty over fed policy.
On the whole looks positive if not stunning, bought some more on the drop. Interestingly the headline news on this site is 'TP ICAP full-year profits boosted by market volatility' , The clue is in the last word of which there will be plenty more.
Agree Liquidnet was a little disappointing, but rest of the results were very solid. Nothing in there to justify such a big drop, which makes me conclude it's mainly sentiment from SVB. I think we'll be blue by the end of the day, once sense prevails.