IntegraFin Holding (IHP)

Sector:

Financials

Index:

FTSE 250

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

IntegraFin revenue slips in 'robust' first half

By Josh White

Date: Friday 26 May 2023

LONDON (ShareCast) - (Sharecast News) - Financial services company IntegraFin reported a "robust" first-half performance for its Transact platform on Friday, with net inflows of £1.6bn.
The FTSE 250 firm said although that was slightly lower than last year's figure of £2.7bn, it still represented over 6% of opening funds under direction (FUD) on an annualised basis.

Additionally, Transact platform client numbers reached a record high of 228,000, marking a 4% increase compared to the prior year.

Total group revenue for the six months ended 31 March totalled £66.5m - slightly down from the £67m it recorded in the same period last year.

The board put the decrease down to a 1% fall in Transact platform average daily funds under direction due to adverse market movements.

Despite that, underlying group profit before tax remained resilient at £29.4m - marginally lower than the prior year's figure of £32.4m.

IFRS profit before tax stood at £27.9m.

The company's earnings per share figures indicated a slight year-on-year decline, with underlying group earnings per share for the period coming in at 7.1p, down from 8p, while IFRS group earnings per share were 6.6p, a decrease from 7.7p.

IntegraFin also updated on the digitisation programme for the Transact platform, which was currently underway, and reportedly receiving positive feedback.

The recruitment of IT and software professionals was progressing, although at a slower pace than originally planned, due to a competitive market for such talent.

Recruitment efforts would continue into the 2024 financial year, but the board said the total planned additional headcount would not increase.

The company reiterated that the cost guidance it disclosed in December for both the 2023 and 2024 financial years remained unchanged.

IntegraFin declared a first interim dividend of 3.2p per share, matching the distribution it paid for the first half last year.

"I am pleased to report another solid performance, despite the six months presenting a challenging backdrop for UK consumers and businesses, with persistently high inflation, macroeconomic uncertainty and volatile asset markets," said group chief executive officer Alex Scott.

"The combination of the strength of the UK advisers we work with and the services provided by the Transact investment platform and the CURO adviser back office solution, ensured that we delivered a resilient performance.

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

At 1003 BST, shares in IntegraFin Holdings were down 2.67% at 269.4p.

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 358.50
52 Week Low 211.60
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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