TP ICAP are down 36% today as I write. CEO resigns as the costs of integrating the the company and Bexit associated costs seems higher than originally thought (in May, when it was stated that everything was on track) reducing expected cost savings from synergies.

Chairman was already set to retire in December of this year.

Again, I can't help wondering if this correction is overdone. The company is now twice the size through M&A activities, can it really be worth half what it was in March? Obviously earnings will take hit, but will the new management be able to get back on track?

I will be watching for a possible bounce-back, but I can't see where the bottom is yet.

Anyone got any further insight into TCAP?

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