IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

45.25p
   
  • Change Today:
    -0.60p
  • 52 Week High: 61.40
  • 52 Week Low: 43.55
  • Currency: UK Pounds
  • Shares Issued: 1,028.76m
  • Volume: 2,036,210
  • Market Cap: £465.52m
  • RiskGrade: 192

IP Group says it has no exposure to SVB

By Frank Prenesti

Date: Monday 13 Mar 2023

LONDON (ShareCast) - (Sharecast News) - IP Group said it had no relationship with the failed US tech investors Silicon Valley Bank or its UK arm.
IP, which invests in science and innovation companies said it had "no direct deposits, credit facilities or other relationships with the collapsed lender.

"As announced last week, IP Group has a strong balance sheet and as at 31 December 2022 had gross cash and deposits of £241.5m and total potential liquidity (including quoted shares and undrawn debt) of over £500m," IP said in a statement.

"While we continue to monitor the response to the situation, we have evaluated our portfolio and are working closely with the small number of portfolio companies that may require short term liquidity. Our strong financial position means we are well placed to support our portfolio."

Reporting by Frank Prenesti 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.

 

IP Group Market Data

Currency UK Pounds
Share Price 45.25p
Change Today -0.60p
% Change -1.31 %
52 Week High 61.40
52 Week Low 43.55
Volume 2,036,210
Shares Issued 1,028.76m
Market Cap £465.52m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.97% above the market average71.97% above the market average71.97% above the market average71.97% above the market average71.97% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
55.17% below the market average55.17% below the market average55.17% below the market average55.17% below the market average55.17% below the market average
43.1% below the sector average43.1% below the sector average43.1% below the sector average43.1% below the sector average43.1% below the sector average
Income
97.98% below the market average97.98% below the market average97.98% below the market average97.98% below the market average97.98% 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
23.86% below the market average23.86% below the market average23.86% below the market average23.86% below the market average23.86% 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
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 14-Jun-2024

Time Volume / Share Price
16:35 288,192 @ 45.25p
16:35 1,162 @ 45.25p
16:35 4,706 @ 45.25p
16:35 17 @ 45.25p
16:35 620 @ 45.25p

IP Group Key Personnel

CEO Greg Smith

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