IP Group (IPO)

Sector:

Financials

Index:

FTSE 250

85.00p
   
  • Change Today:
      0.15p
  • 52 Week High: 155.20
  • 52 Week Low: 77.25
  • Currency: UK Pounds
  • Shares Issued: 1,034.09m
  • Volume: 825,126
  • Market Cap: £878.98m
  • RiskGrade: 192

IP Group launches share buyback as interim profits surge

By Iain Gilbert

Date: Friday 29 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Intellectual property-based business developer IP Group said on Thursday that it will launch a £20.0m share buyback after witnessing a rise in interim profits.
For the six months ended 30 June, IP Group saw pre-tax profits surge to £116.5m from £11.7m a year earlier as portfolio returns and revenues jumped to £145.5m from £34.2m, respectively.

Hard net asset value rose 9% to £117.9m in the half.

The FTSE 250-listed firm also followed up its maiden final dividend with an interim dividend of 0.48p per share and stated it would now put aside £20.0m toward buying back the shares.

Chief executive Alan Aubrey said: "IP Group has continued to make strong headway in 2021 with much activity in the portfolio.

"We continue to be excited by the prospects for the second half of the year including the opportunities our portfolio businesses have from the renewed focus on innovation and sustainability."

As of 0915 BST, IP Group shares were down 1.29% at 122.40p.

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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 85.00p
Change Today 0.15p
% Change 0.18 %
52 Week High 155.20
52 Week Low 77.25
Volume 825,126
Shares Issued 1,034.09m
Market Cap £878.98m
RiskGrade 192

IP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.11% above the market average75.11% above the market average75.11% above the market average75.11% above the market average75.11% above the market average
75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average
Price Trend
31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average
31.39% below the sector average31.39% below the sector average31.39% below the sector average31.39% below the sector average31.39% below the sector average
Income
30.77% below the market average30.77% below the market average30.77% below the market average30.77% below the market average30.77% below the market average
37.66% below the sector average37.66% below the sector average37.66% below the sector average37.66% below the sector average37.66% below the sector average
Growth
92.86% above the market average92.86% above the market average92.86% above the market average92.86% above the market average92.86% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
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
  Final Interim
Ex-Div 26-May-22 12-Aug-21
Paid 30-Jun-22 27-Sep-21
Amount 0.72p 0.48p

Trades for 27-May-2022

Time Volume / Share Price
16:45 20,396 @ 84.70p
16:45 20,396 @ 84.70p
16:35 5,963 @ 85.00p
16:35 251,050 @ 85.00p
16:29 138 @ 84.70p

IP Group Key Personnel

CEO Greg Smith

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