IntegraFin Holding (IHP)

Sector:

Financials

Index:

FTSE 250

358.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 358.50p
  • 52 Week Low: 211.60p
  • Currency: UK Pounds
  • Shares Issued: 331.32m
  • Volume: 620,958
  • Market Cap: £1,186.13m
  • RiskGrade: 134

IntegraFin reports strong second-quarter flows

By Josh White

Date: Tuesday 18 Apr 2023

LONDON (ShareCast) - (Sharecast News) - IntegraFin reported strong second-quarter flows in an update on Tuesday, with net inflows to the Transact platform of £0.9bn, and gross inflows of £1.8bn.
The FTSE 250 company also recorded a record number of Transact platform clients, with 228,000 clients at the end of the period, compared with 218,000 at the same time a year earlier.

Its average daily funds under direction totalled £53.8bn for the quarter, up from £52.5bn year-on-year.

The company's total net inflows to the Transact platform for the first half of the financial year was £1.6bn.

IntegraFin said it added around 5,500 new clients to the platform, and registered around 200 new advisers, in the second quarter.

During the three months, IntegraFin said it reviewed its portfolios in accordance with regulatory requirements for clients who only held small residual balances, resulting in a reduction of 4,200 clients and 270 registered advisers.

At the end of the period, the total number of platform clients was 228,000, and registered advisers stood at 7,600.

The firm said it expected total group revenue to be £66m for the first half, compared to £67m in the same period last year.

However, the cost guidance for financial years ending 30 September 2023 and 2024 remained unchanged from what it advised in December.

IntegraFin also reported that the total registered users of its 'CURO' software totalled 2,500 as at 31 March, representing a 10% increase from the previous reporting period.

"During this period of ongoing economic and market volatility, clients rely more than ever on their advisers," said group chief executive Alex Scott.

"The recent UK budget also announced specific measures that will enable more savings into UK pensions.

"We therefore see the demand for high quality advice only continuing to grow, and we will continue to support UK advisers and capitalise on this market opportunity."

Scott said the company was continuing to implement its platform digitisation programme, to deliver "comprehensive online functionality" for advisers and clients, as well as "straight-through processing" for core internal administration activities.

"This means that our customer service staff will be able to spend more of their time on the most important value adding activities for advisers and clients.

"Overall, we remain focused on our aim to be the number one provider of software and services for clients and UK financial advisers."

IntegraFin said it would report its results for the first half of the 2023 financial year on 26 May.

At 1201 BST, shares in IntegraFin Holdings were up 8.03% at 277.2p.

Reporting by Josh White for Sharecast.com.

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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.

 

IHP Market Data

Currency UK Pounds
Share Price 358.00p
Change Today 3.00p
% Change 0.85 %
52 Week High 358.50p
52 Week Low 211.60p
Volume 620,958
Shares Issued 331.32m
Market Cap £1,186.13m
RiskGrade 134

IHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.28% below the market average91.28% below the market average91.28% below the market average91.28% below the market average91.28% below the market average
96.3% below the sector average96.3% below the sector average96.3% below the sector average96.3% below the sector average96.3% below the sector average
Price Trend
75.45% above the market average75.45% above the market average75.45% above the market average75.45% above the market average75.45% above the market average
61.74% above the sector average61.74% above the sector average61.74% above the sector average61.74% above the sector average61.74% above the sector average
Income
3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average
76.12% below the sector average76.12% below the sector average76.12% below the sector average76.12% below the sector average76.12% below the sector average
Growth
14.94% above the market average14.94% above the market average14.94% above the market average14.94% above the market average14.94% above the market average
37.61% above the sector average37.61% above the sector average37.61% above the sector average37.61% above the sector average37.61% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IHP Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 06-Jun-24 21-Dec-23
Paid 05-Jul-24 26-Jan-24
Amount 3.20p 7.00p

Trades for 24-May-2024

Time Volume / Share Price
16:35 129,223 @ 358.00p
16:35 8 @ 358.00p
16:35 118 @ 358.00p
16:35 273 @ 358.00p
16:35 2,412 @ 358.00p

IHP Key Personnel

CEO Alexander Scott
Chair Richard Cranfield
CFO Euan Marshall

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