HGCapital Trust (HGT)

Sector:

Investment Firms

Index:

FTSE 250

506.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 515.00
  • 52 Week Low: 357.50
  • Currency: UK Pounds
  • Shares Issued: 457.73m
  • Volume: 1,132,500
  • Market Cap: £2,316.11m
  • RiskGrade: 124

HG Capital offloads Argus Media stake for £52m

By Frank Prenesti

Date: Monday 22 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Private equity group HgCapital on Monday said it had offloaded its stake in oil pricing data publisher Argus Media, allowing chief executive Adrian Binks to take a majority stake in the firm.
The deal values HgCapital's investment in Argus £52m. Existing minority shareholder General Atlantic - another private equity outfit - will also buy part of Hg's stake.

Founded in 1970 and headquartered in London, Argus serves more than 11,000 customers globally providing price assessments, news, analytics, consulting services, data science tools, and industry conferences to the global energy and commodities markets.

General Atlantic is a long-term partner to Argus, having initially bought its shares in 2016. Hg bought half of General Atlantic's stake four years ago.

Reporting by Frank Prenesti for Sharecast.com

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HGCapital Trust Market Data

Currency UK Pounds
Share Price 506.00p
Change Today -2.00p
% Change -0.39 %
52 Week High 515.00
52 Week Low 357.50
Volume 1,132,500
Shares Issued 457.73m
Market Cap £2,316.11m
RiskGrade 124

HGCapital Trust Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average
91.25% below the sector average91.25% below the sector average91.25% below the sector average91.25% below the sector average91.25% below the sector average
Price Trend
79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average
96.32% above the sector average96.32% above the sector average96.32% above the sector average96.32% above the sector average96.32% above the sector average
Income
99.75% below the market average99.75% below the market average99.75% below the market average99.75% below the market average99.75% 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
6.55% below the market average6.55% below the market average6.55% below the market average6.55% below the market average6.55% below the market average
7.96% below the sector average7.96% below the sector average7.96% below the sector average7.96% below the sector average7.96% below the sector average

What The Brokers Say

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

HGCapital Trust Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 28-Sep-23
Paid 21-May-24 27-Oct-23
Amount 4.50p 2.00p

Trades for 23-Jul-2024

Time Volume / Share Price
09:11 204 @ 506.00p
09:11 97 @ 506.00p
09:11 140 @ 506.00p
09:11 1 @ 506.00p
09:11 205 @ 507.00p

HGCapital Trust Key Personnel

Chair Jim Strang

Top of Page