IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

49.55p
   
  • Change Today:
    -0.55p
  • 52 Week High: 61.40
  • 52 Week Low: 43.55
  • Currency: UK Pounds
  • Shares Issued: 1,030.89m
  • Volume: 764,862
  • Market Cap: £510.81m
  • RiskGrade: 192

IP Group's Bramble Energy, First Light Fusion complete funding rounds

By Frank Prenesti

Date: Monday 14 Feb 2022

LONDON (ShareCast) - (Sharecast News) - IP Group said its portfolio company Bramble Energy had completed a £35m funding round to further develop and commercialise its fuel cell stack capabilities.
The intellectual property investor said it committed around £10m to the round, adding that its 32.3% stake in Bramble would be valued at £20.7m, a gain of about £6.6m.

Bramble will use the cash to roll out its portable power products globally and develop its liquid cooled fuel cell stack capability.

In a second deal, IP said portfolio company First Light Fusion, a company that researches energy generation via inertial fusion, had raised $45m.

IP committed £5m and now has a stake of 27.4% in First Light, representing a net unrealised fair value gain of £27.2m.







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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 49.55p
Change Today -0.55p
% Change -1.10 %
52 Week High 61.40
52 Week Low 43.55
Volume 764,862
Shares Issued 1,030.89m
Market Cap £510.81m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.24% above the market average67.24% above the market average67.24% above the market average67.24% above the market average67.24% above the market average
61.11% above the sector average61.11% above the sector average61.11% above the sector average61.11% above the sector average61.11% above the sector average
Price Trend
21.89% below the market average21.89% below the market average21.89% below the market average21.89% below the market average21.89% below the market average
24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% 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
23.24% below the market average23.24% below the market average23.24% below the market average23.24% below the market average23.24% below the market average
13.76% below the sector average13.76% below the sector average13.76% below the sector average13.76% below the sector average13.76% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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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 08-May-2024

Time Volume / Share Price
16:35 392,866 @ 49.55p
16:35 6,152 @ 49.55p
16:35 13,022 @ 49.55p
16:35 9,625 @ 49.55p
16:35 1,438 @ 49.55p

IP Group Key Personnel

CEO Greg Smith

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