(IFP) IFG GROUP

Hi folks,

Just posted Part III of The Great Irish Share Valuation Project on my blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued almost 3 dozen companies, including IFG Group:

http://wexboy.wordpress.com/2012/01/30/the-great-irish-share-valuation-project-iii/

I hope you'll take a look (plse don't hesitate to comment/email me), and perhaps become a regular reader.

Cheers,

Wexboy

So the Fiordland / Peter Priestley group have picked up another 3.7 million shares and now own 22.79%. Another takeover bid in the offing at some stage for those who are patient methinks. dyor.

IFG Group - Back to the future Click for report
Mon, Oct 3, 2011 at 4:22 PM
http://www.edisoninvestmentresearch.co.uk/researchreports/IFG301011Outlook.pdf

As the market’s excitement around possible bids deflates, IFG management can once again focus on its core businesses, which offer long-term, structural, double-digit growth. IFG is the largest UK provider of bespoke SIPPs and has a profitable fee-based UK IFA operation. Its international trustee and corporate services saw CAGR growth from 2000-10 in the high teens. The small residual Irish operation has upside when that economy recovers.

IFG Group provides financial services comprising a pension administration and personal advisory business operating in the UK, Ireland and international corporate and trustee administration services.

Year
End Revenue
(£m) PBT
(£m) EPS
(p) DPS
(p) P/E
(x) Yield
(%)
12/10 103.5
20.9
16.1
3.4
6.5
3.3
12/11e 113.4
22.7
15.3
3.8
6.9
3.6
12/12e 116.7
24.5
15.4
4.2
6.8
4.0
12/13e 122.6
28.0
17.9
4.6
5.9
4.3
IFG Group is a research client of Edison Investment Research

have I read that correctly, a company 'associated with and connected with' a director has just bought almost 480,000 shares

wow, that what you call a vote of confidence

the market has marked down this one wrong I think!