IG Group Holdings (LSE: IGG) has announced the launch of a significant £75M share repurchase program today, marking the first tranche of its £150M buyback initiative. ???? The London-based firm has partnered with Morgan Stanley & Co. International Plc to execute this initial phase, which will run from August 12, 2024, through October 31, 2024. The primary objective of this move is to reduce share capital and enhance shareholder value. ??? This announcement follows IG Group's recent financial results, which revealed a decline in pre-tax profit and trading revenue for the fiscal year ending May 31. Despite these challenges, IG Group is focused on its strategic goals and plans to address prevailing market conditions. With a track record of successful buybacks, including a £150M program completed in July 2024, IG Group continues to position itself for future growth and stability. ???? Stay tuned for more updates as IG Group embarks on this transformative phase and strives for innovation in the trading sector! ???? #IGGroup #MorganStanley #ShareRepurchase #FinancialUpdate #MarketMoves
Forex Policy的动态
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KEY HIGHLIGHTS EQUITIES: The Dar es Salaam Stock Exchange (DSE) recorded a turnover of TZS 4.2 billion from 1.2 million shares in 362 deals, while TZS 15.57 billion was traded in bonds across 22 deals. Major block trades included DSE with 209,000 shares at TZS 2,360 and TBL with 600,200 shares at TZS 5,700. Key counters on the normal board were CRDB, AFRIPRISE, and NMB, with significant trades at TZS 640, TZS 250, and TZS 5,350 per share, respectively. BONDS: On the Government Bonds Board, a 10-year bond with a 10.25% coupon rate was traded at 75%, while another 10-year bond with an 11.44% coupon rate traded at 96%. A 20-year bond with a 12.10% coupon rate traded at 83.18%, and a 20-year bond with a 15.49% coupon rate traded between 100% and 110.46% in multiple deals. A 25-year bond with a 12.56% coupon rate traded between 97.18% and 111.27%. On the Corporate Bonds Board, a 5-year bond with a 10.21% coupon rate traded at 100%.??????????
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IN FOCUS: IPO drought, poor valuations: What can be done to revive Singapore’s ailing stock market? For years, the Singapore stock market has been reeling from a "vicious cycle" of poor valuations, evaporating liquidity and a lack of new listings. What will it take to give the moribund market a shot in the arm? If this happened to a business in the real world what do you think the investors would call for?
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KEY HIGHLIGHTS EQUITIES The Dar es Salaam Stock Exchange (DSE) reported a total turnover of TZS 358.46 million from 519,892 shares traded across 387 deals, alongside TZS 0.69 billion from bonds traded in 4 deals. On the Normal Board, AFRIPRISE traded 13,086 shares at TZS 235 each across 31 deals, while CRDB led with 498,869 shares at TZS 680 each in 303 deals. DSE's own shares saw 1,672 trades at TZS 2,460 each in 11 deals. Other significant trades included NICO at TZS 790 per share, NMB at TZS 5,400 per share, and VODA at TZS 740 per share, among others. BONDS On the Government Bonds Board, a 20-year bond with a 15.49% coupon rate and a face value of TZS 0.68 billion was traded at various prices across 4 deals. On the Corporate Bonds Board, a 3-year bond with an 8.50% coupon rate and a face value of TZS 2 million traded at 97.03% in 1 deal, while another 3-year bond with a 9.50% coupon rate and a face value of TZS 11 million traded at prices ranging from 87.00% to 87.0388% in 3 deals.
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#MarketToday | #BhartiHexacomIPO witnessed a strong response from investors during the last day of bidding process as the issue was subscribed 29.88 times Know all about the latest #GMP, expected listing date and more in this report by Prashun Talukdar
Bharti Hexacom IPO Day 3: Issue subscribed 29.88 times; check latest GMP & expected listing date
businesstoday.in
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According to Bombay Stock Exchange Limited (BSE), BHARTI HEXACOM LIMITED has allotted 33.7 million equity shares to 97 funds at Rs 570 apiece. At this price, the company has garnered Rs 19.237 billion from Anchor Media Investors, L.P.. SMALLCAP WORLD FUND INC, BlackRock, Fidelity Investments, Wellington Management, Abu Dhabi Investment Authority (ADIA), Schroders, ABERDEEN Services, and Morgan Stanley are among the anchor investors. Read more: https://lnkd.in/g6Maarwr #BhartiHexacomIPO #FinanceNews #AnchorInvestors #BSE #IPO2024 #BhartiAirtel #Investment #MutualFunds #StockExchange #MarketNews #EquityShares #PublicSubscription #FinancialMarkets #Investing #IPOAlert #StockMarket #BSEIndia #InvestmentNews #MarketUpdate #FinancialServices #ShareAllocation #RetailInvestors #InstitutionalInvestors #InvestmentOpportunity
Bharti Hexacom garners Rs 19.24 billon from anchor investors prior to its first IPO -
https://tele.net.in
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Firstly, thank you Rokibul Islam Bin Yousuf, FMVA? bhaiya for shaping my scattered question's answers into something insightful. I am sharing my learnings and findings on Bangladesh's IPO (Initial Public Offering) scenario, the challenges and the possible strategies for an improved and efficient future experience for IPO seeking organizations. Here's the result of our effort: https://lnkd.in/gxunczES
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KEY HIGHLIGHTS EQUITY: The Dar es Salaam Stock Exchange (DSE) recorded a total turnover of TZS 922.23 million from 425,394 shares traded in 305 deals, alongside TZS 16.02 billion in bonds from 5 deals. On the Block Trade Pre-arranged Market board, NMB traded 100,000 shares and TCC traded 33,366 shares. On the Normal Board, key activities included CRDB trading 278,664 shares at an average price of TZS 650, AFRIPRISE trading 4,423 shares at TZS 225, and other counters such as DCB, DSE, NICO, and TPCC recording smaller trades at varying prices. BONDS: On the Government Bonds Board, a 15-year bond with a 13.50% coupon rate and TZS 12 billion face value traded at 103.68%, while a 20-year bond with a 12.10% rate and TZS 2 billion face value traded at 86.24%. A 25-year bond with a 12.56% rate also traded at 86.04%, and another 25-year bond with a 15.95% rate traded at 100% and 104%. On the Corporate Bonds Board, a 3-year bond with a 9.50% rate and TZS 4 million face value traded at 87.50%.
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KEY HIGHLIGHTS EQUITY: The Dar es Salaam Stock Exchange (DSE) saw a turnover of TZS 104.84 million from 136,179 shares in 302 deals and TZS 5.01 billion from bonds in 12 deals. Key activity included CRDB with 115,725 shares traded at TZS 670 per share and AFRIPRISE with 9,660 shares at TZS 230 per share. Other counters like NICO, NMB, TPCC, DSE, VODA, and DCB also had trades at varying prices and deal volumes. BONDS: On the Government Bonds Board, a 20-year bond with a 12.10% coupon rate and a TZS 2.30 billion face value was traded at 110.3715% in one deal. Another 20-year bond with a 15.49% coupon rate and a TZS 0.74 billion face value traded at various prices in seven deals. Additionally, a 25-year bond with a 12.56% coupon rate and a TZS 1.51 billion face value was traded at different prices in two deals, while a 25-year bond with a 15.95% coupon rate and a TZS 0.02 billion face value was traded at 100.0000% in two deals.
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Is the London Stock Exchange’s AIM in terminal decline? 400 companies listed on AIM have a market cap below £50M, small companies have been “on the wrong end of a general flight to the perceived safety of larger stocks The number of firms?listed on AIM?has cratered 30 per cent from 1,104 to just 742 since Redx debuted in 2015. Last year alone, AIM suffered 78 cancellations and a further 15 in the opening two months of this year. The London stock exchange is all about winning today’s unicorns, but AIM should also be about getting growth businesses. AIM's model really hasn’t changed for 30 years. According to data from the London Stock Exchange, just ten new firms have floated on AIM since the start of 2023. Cash has been flooding out of UK-focused stock funds in recent years, losing £14Bn alone in 2023. This has dragged on firms at the smaller end of the market and spurred a wave of opportunistic dealmaking. Dwindling money entering the market and depressed share prices have discouraged small companies from making the step to list. An IPO on AIM will cost about £500,000, and fees for RNS announcement, legal costs, and other expenses add around £200,000 a year to that. https://lnkd.in/ePFvAiv2
Is the London Stock Exchange’s AIM in terminal decline?
https://www.cityam.com
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KEY HIGHLIGHTS ? EQUITY: The Dar es Salaam Stock Exchange (DSE) recorded a turnover of TZS 742.74 million from 412,988 shares traded in 364 deals, alongside TZS 18.25 billion from bond trades in 28 deals. Notable activities include a block trade of 100,000 NMB shares and significant trades in CRDB with 304,263 shares at TZS 660 per share across 250 deals. Other counters like AFRIPRISE, DSE, NICO, and NMB saw smaller trades at varying prices. Additionally, various companies like TCC, TPCC, VODA, and others had minor share trades with low volumes. BONDS: On the Government Bonds Board, a 5-year bond with a 9.18% coupon rate and a 25-year bond with a 12.56% coupon rate were traded at 90% and 91%, respectively. A 20-year bond with a 15.49% coupon rate traded between 100% and 106%, while a 25-year bond with a 15.95% coupon rate traded between 100% and 107.95%. On the Corporate Bonds Board, a 3-year bond with an 8.50% coupon rate was traded at 96.60%.
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