Regency View:

TAKE PROFITS TP ICAP (TCAP)

Close TP ICAP (TCAP) at 205.6p

We’ve held two tranches of TP ICAP for some time, and overall the stock has performed seasonably well.

However, having looked like it was going to kick on higher following a strong recent trading update, the shares have drifted back below resistance and erased the trading update gains. With this in mind, we’re going to crystallise our profit on both positions whilst the stock remains elevated.

Profit =1st Tranche (14.3%) 2nd Tranche (34.2%) Dividend (9.1%)

TCAP Daily Candle Chart