ICG Enterprise Trust (ICGT)

Sector:

Investment Firms

Index:

FTSE 250

1,188.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,262.00
  • 52 Week Low: 983.00
  • Currency: UK Pounds
  • Shares Issued: 66.71m
  • Volume: 76,884
  • Market Cap: £792.51m

ICG flags value uplift from PAI Roompot transaction

By Josh White

Date: Monday 22 Jun 2020

LONDON (ShareCast) - (Sharecast News) - ICG Enterprise Trust announced on Monday that PAI Partners has agreed to sell Roompot, an operator and developer of holiday parks in Northern Europe, to KKR.
The FTSE 250 firm said the financial terms of the transaction were not being disclosed.

It originally invested in Roompot in 2016, alongside private equity manager and its existing partner PAI Partners.

The board said ICG invested in Roompot both through its commitment to the PAI VI fund, and through a co-investment alongside the fund.

Roompot is its sixth largest investment, representing 2.1% of its portfolio as at 30 April.

"The agreed sale of Roompot will result in a significant uplift to the value of the company's holding in the business," the board said in its statement.

"Based on the expected net proceeds from the transaction, the company estimates the uplift would be equivalent to an increase in the net assets of the company of 1.3%, or 14p per share."

The transaction remained subject to customary closing conditions, with proceeds expected to be received in the third quarter of the calendar year, ICG said.

At 1017 BST, shares in ICG Enterprise Trust were up 1.42% at 780.95p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ICGT Market Data

Currency UK Pounds
Share Price 1,188.00p
Change Today -10.00p
% Change -0.83 %
52 Week High 1,262.00
52 Week Low 983.00
Volume 76,884
Shares Issued 66.71m
Market Cap £792.51m

ICGT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.28% above the market average32.28% above the market average32.28% above the market average32.28% above the market average32.28% above the market average
51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average
Price Trend
49.49% above the market average49.49% above the market average49.49% above the market average49.49% above the market average49.49% above the market average
49.55% above the sector average49.55% above the sector average49.55% above the sector average49.55% above the sector average49.55% above the sector average
Income
93.19% below the market average93.19% below the market average93.19% below the market average93.19% below the market average93.19% 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
88.66% below the market average88.66% below the market average88.66% below the market average88.66% below the market average88.66% below the market average
88.82% below the sector average88.82% below the sector average88.82% below the sector average88.82% below the sector average88.82% below the sector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ICGT Dividends

  Latest Previous
  Q3 Q2
Ex-Div 15-Feb-24 16-Nov-23
Paid 01-Mar-24 01-Dec-23
Amount 8.00p 8.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 4,259 @ 1,188.00p
16:35 1 @ 1,188.00p
16:35 89 @ 1,188.00p
16:35 105 @ 1,188.00p
16:35 68 @ 1,188.00p

ICGT Key Personnel

Chair Jane Tufnell

Top of Page