Tag Archives: IHP.L

IntegraFin Holdings (IHP.L), mcap=£905m, price £2.73 vs £2.55

Financial advisor custody platform in the UK.
High-quality and capital-light business.
Trades at 17x NTM, which is the lowest historically.
Industry tailwinds.
Revenues are a take rate of AUM, currently around 25bps.
Secular share winner – low teens today and expected to continue gaining.
Stands out from the competition with a fully owned and modernized tech stack.
Down 50% YTD due to transitory issues.