By Michele Maatouk
Date: Thursday 10 Mar 2016
LONDON (ShareCast) - (ShareCast News) - IP Group has received net cash proceeds of £13.1m from the sale of its entire holding in portfolio company Tracsis.
The FTSE 250 group, which develops intellectual property-based businesses, said total proceeds to date, including dividends, came to £14.3m.
This represents an internal rate of return of around 58% and a multiple of approximately 38 times the group's investment of £400,000.
At 1504 GMT, IP shares were up 1% to 170.20p.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 54.20p |
Change Today | -0.20p |
% Change | -0.37 % |
52 Week High | 61.40p |
52 Week Low | 43.55p |
Volume | 2,950,797 |
Shares Issued | 1,029.46m |
Market Cap | £557.97m |
RiskGrade | 192 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 2 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 2 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 10-Aug-23 | 25-May-23 |
Paid | 04-Sep-23 | 22-Jun-23 |
Amount | 0.51p | 0.76p |
Time | Volume / Share Price |
16:46 | 36,084 @ 54.20p |
16:41 | 199,047 @ 54.20p |
16:37 | 200,000 @ 54.20p |
16:35 | 1,845,526 @ 54.20p |
16:35 | 11,764 @ 54.20p |
You are here: research