IP (IPO.L) 28-10-19
IP (IPO.L) has fallen significantly from the highs of 122p. Will the trend carry, or is this the chance to catch a bargain?
- Currently at 57.8p (at time of writing). A rally to the recent highs would be an increase of 111%.
- IP (IPO.L) is one of the biggest fallers in the period.
- Should this trend be respected, or are we about to see a big bounce?
- The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
- Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
- Shares -52% from 12-month highs; +3% from 12 month lows.
Latest News
10 Sep: IP Group announced that NAV per share declined in H1, due to losses in the value of its investments.
15 Jul: IP Group announced that portfolio company Ceres Power and Doosan signed an £8m licensing and collaboration agreement to jointly develop power systems over a two year period.
26 Mar: IP Group posted ‘disappointing’ full year results, with a loss on declining net assets as a result of share price falls on some of the AIM listed companies in its portfolio.
12 Feb: IP Group’s portfolio company First Light Fusion announced a major milestone, unveiling plans to demonstrate fusion by mid-2019.
28 Jan: IP Group announced that its portfolio company, Featurespace, had completed a fundraising of £25m.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires