Analyst Research Report Snapshot

Title:

IFG GROUP - SIPP SALES GROWTH, BUT WILL TAKE TIME TO SEE PROFITS

Price:

$10.00

Provider:

Edison Investment Research

Date:

26 Jun 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

IFG.I

Available for Immediate Download
Summary:

2012 was the final year of IFG’s strategic re-positioning. It included the sale of the international division, which accounted for around one-third of group profits. Heavy investment was also made to reinvigorate James Hay. IFG is now focused on UK/Irish pensions administration and financial services and has a strong balance sheet (net cash of £21m). Management can now invest time, resource and cost in building medium-term core growth, leveraging their early success in generating SIPP account growth.

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