IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

47.60p
   
  • Change Today:
      0.50p
  • 52 Week High: 61.40p
  • 52 Week Low: 43.55p
  • Currency: UK Pounds
  • Shares Issued: 1,029.29m
  • Volume: 1,246,810
  • Market Cap: £489.94m
  • RiskGrade: 192

IP Group launches share buyback as interim profits surge

By Iain Gilbert

Date: Friday 29 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Intellectual property-based business developer IP Group said on Thursday that it will launch a £20.0m share buyback after witnessing a rise in interim profits.
For the six months ended 30 June, IP Group saw pre-tax profits surge to £116.5m from £11.7m a year earlier as portfolio returns and revenues jumped to £145.5m from £34.2m, respectively.

Hard net asset value rose 9% to £117.9m in the half.

The FTSE 250-listed firm also followed up its maiden final dividend with an interim dividend of 0.48p per share and stated it would now put aside £20.0m toward buying back the shares.

Chief executive Alan Aubrey said: "IP Group has continued to make strong headway in 2021 with much activity in the portfolio.

"We continue to be excited by the prospects for the second half of the year including the opportunities our portfolio businesses have from the renewed focus on innovation and sustainability."

As of 0915 BST, IP Group shares were down 1.29% at 122.40p.

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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.

 

IP Group Market Data

Currency UK Pounds
Share Price 47.60p
Change Today 0.50p
% Change 1.06 %
52 Week High 61.40p
52 Week Low 43.55p
Volume 1,246,810
Shares Issued 1,029.29m
Market Cap £489.94m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.27% above the market average66.27% above the market average66.27% above the market average66.27% above the market average66.27% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
43.89% below the market average43.89% below the market average43.89% below the market average43.89% below the market average43.89% below the market average
34.48% below the sector average34.48% below the sector average34.48% below the sector average34.48% below the sector average34.48% below the sector average
Income
100% below the market average100% below the market average100% below the market average100% below the market average100% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
23.46% below the market average23.46% below the market average23.46% below the market average23.46% below the market average23.46% below the market average
20.37% below the sector average20.37% below the sector average20.37% below the sector average20.37% below the sector average20.37% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IP Group Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Aug-23 25-May-23
Paid 04-Sep-23 22-Jun-23
Amount 0.51p 0.76p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 453,881 @ 47.60p
16:35 4,202 @ 47.60p
16:35 999 @ 47.60p
16:35 6,617 @ 47.60p
16:35 2,569 @ 47.60p

IP Group Key Personnel

CEO Greg Smith

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