Ince Group (The) (INCE)

Sector:

Support

Index:

FTSE AIM All-Share

23.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 81.00
  • 52 Week Low: 20.00
  • Currency: UK Pounds
  • Shares Issued: 87.01m
  • Volume: 35,539
  • Market Cap: £20.45m
  • RiskGrade: 403

Ince Group profits triple following international expansion

By Duncan Ferris

Date: Thursday 28 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Ince Group, formerly known as Gordon Dadds Group, on Thursday reported that its interim profits tripled after acquisitions at home and abroad spurred a three digit jump in revenue.
The legal and professional services provider booked a profit before tax of £10.7m for the six months ended 30 September, which marked a 201.0% leap from the same period last year, as revenue surged by 125.0% to £45.3m.

Even so, Ince left its interim dividend unchanged at 2.0p per share.

The AIM traded company said this increase in turnover was due to the first-time inclusion of the Ince UK business and overseas offices, together with estimated organic growth of 5.0%.

The UK business was snapped up in December last year, while international operations in Hong Kong, Singapore, Dubai, Greece and Germany were brought into the fold back in April.

Chief executive Adrian Biles said: "The second half of the year traditionally provides the majority of the group's profits and the lateral appointments we have made will largely show through next year. The attractions of our model and approach are being recognised amongst senior lawyers and professionals in major financial markets around the globe as can be seen from the quality of our newest hires."

"I remain confident that the business can continue to develop from here generating increasing revenue and profits."

The company also appointed Mark Tantam as global head of consulting, a new position that will see Tantam report directly to the chief executive and take a place on the executive committee.

The new hire is a trained barrister who has spent the last two decades working as a forensic partner at Deloitte UK, leading the forensics business for seven years and serving time as one of the firm's vice chairs.

Ince Group shares were up by 3.18% at 123.30p at 1317 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

INCE Market Data

Currency UK Pounds
Share Price 23.50p
Change Today 0.50p
% Change 2.17 %
52 Week High 81.00
52 Week Low 20.00
Volume 35,539
Shares Issued 87.01m
Market Cap £20.45m
RiskGrade 403

INCE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.39% above the market average96.39% above the market average96.39% above the market average96.39% above the market average96.39% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average
Price Trend
73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average
Income Not Available
Growth
42.47% above the market average42.47% above the market average42.47% above the market average42.47% above the market average42.47% above the market average
47.66% above the sector average47.66% above the sector average47.66% above the sector average47.66% above the sector average47.66% above the sector average

INCE Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Mar-22 29-Aug-19
Paid 20-Apr-22 16-Oct-19
Amount 0.50p 4.00p

Trades for 20-May-2022

Time Volume / Share Price
14:13 1,002 @ 23.98p
12:50 7,000 @ 23.78p
11:49 5,357 @ 23.77p
08:50 6,180 @ 23.78p
08:49 16,000 @ 23.80p

INCE Key Personnel

CEO Adrian Biles
CFO Simon Oakes

Top of Page