|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||1.4350 - 1.4350|
|52 Week Range||1.1150 - 3.0551|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||16.31|
|Forward Dividend & Yield||0.13 (8.77%)|
|Ex-Dividend Date||Apr 07, 2022|
|1y Target Est||N/A|
(Bloomberg) -- Oil rallied above $114 as a global squeeze on refined products prompted concerns about summertime supplies and continued to pull fuel prices higher. Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionOmicron Is Turning Out to Be a Weak VaccineU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapOne-Time Richest Singapore Tycoon Has Lost 80% of His FortuneGoldman’s Blankfein Says US at 'Very, Very High Risk' of RecessionWest Tex
Phase 2 Partners, which holds 7.7 million shares in the TP ICAP, urged the London-listed company to look for a new ownership structure through a potential sale or merger with another global trading platform. "I currently see your shares as significantly undervalued, believe management's lack of stock ownership represents a significant governance failure... and believe the company needs to make decisive steps immediately to benefit long suffering shareholders," Justin Hughes, founder of Phase 2 Partners, said in a letter dated March 22. A spokesman for TP ICAP in response said the company was maintaining an active dialogue with its investors and is "focused on delivering value to shareholders".
We think intelligent long term investing is the way to go. But no-one is immune from buying too high. For example the...