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 posts solid revenue growth, maintain final dividend

By Josh White

Date: Thursday 14 Dec 2023

LONDON (ShareCast) - (Sharecast News) - IntegraFin reported total group revenue of £134.9m in its final results on Thursday - a slight increase from the prior year's £133.6m.
The FTSE 250 company said underlying profit before tax for the year ended 30 September was £63m, down from £65.8m in 2022.

However, the IFRS profit before tax showed improvement, reaching £62.6m compared to £54.3m in the prior year.

Underlying earnings per share stood at 15.2p, down from 16.3p in 2022, while the total dividend per share remained unchanged at 10.2p, consistent year-on-year.

On the operational front, the board noted continued strength and growth for the Transact platform.

The platform's adviser base increased 2% to 7,700 advisers compared to 7,500 in September last year, and the number of clients using the platform increased 2% to 230,000 at year-end.

IntegraFin said its digitalisation program, aimed at delivering operational efficiencies for the Transact platform, was progressing well.

Despite the competitive IT recruitment market, the recruitment of IT and software professionals was also advancing as planned.

Recruitment efforts would continue into the fiscal year 2024 in line with the company's intended total headcount additions.

Time4Advice, a subsidiary of IntegraFin, experienced strong growth during the year with reported revenue of £4.8m, up 22% year-on-year, while there was a notable 22% increase in chargeable users.

"I am pleased with the solid performance shown by the group during the past financial year - we have grown group revenue, client numbers, and adviser numbers, and delivered resilient net inflows over the period," said group chief executive Alexander Scott.

"This is attributable to the dedication of our staff in delivering a first-class service to our clients and their advisers.

"While the external market has been volatile, the UK adviser platform market remains healthy and is expected to grow well over the coming years."

Scott said IntegraFin was well-placed to take advantage of the market growth, adding that it was confident in its market position, despite the uncertainty in the wider economy.

"Above all, we remain focused on our goal of being the number one provider of software and services for clients and UK financial advisers."

At 0836 GMT, shares in IntegraFin Holdings were up 6.47% at 283p.

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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