|Bid||74.25 x 0|
|Ask||74.30 x 0|
|Day's Range||74.20 - 77.80|
|52 Week Range||66.05 - 156.20|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||74.40|
|Earnings Date||Aug 03, 2022|
|Forward Dividend & Yield||0.01 (1.55%)|
|Ex-Dividend Date||Aug 11, 2022|
|1y Target Est||132.00|
Subscribe to Yahoo Finance Plus to view Fair Value for IPO.L
Investment company IP Group on Wednesday announced the launch of its Kiko Ventures vehicle, which will invest in the fast-growing "clean technology" sector aimed at tackling climate change and protecting the environment. IP Group said the Kiko team planned to invest 200 million pounds ($245.7 million) over the next five years, and that the Kiko vehicle would have more than 175 million pounds worth of existing assets upon its launch. Valuations for renewable energy assets have risen sharply in recent years due to a global shift toward clean technologies and away from fossil fuels.
Even though we are sitting on a paper gain of almost 25pc following our tip in November 2019, the nagging feeling that in the case of IP Group this column is making a bit of a mess of it will not go away. The shares stand at barely half their peak, the chart looks terrible and an environment of rising interest rates is all wrong for a play on long-term growth companies.
Record gains from the portfolio in 2021, an increased dividend and a share buyback programme that is being carried out sensibly – in other words at a discount to net asset value per share – all suggest that there remains plenty of potential in IP Group.