Impax Asset Management Share Discussion Threads

[russianlinesman] 04/12/2008 19:31

robsy - am trying not to look too much.

FUM will reduce due to the NAV having fallen say 20-25% but still profitable, no debt, a dividend, and notwithstanding the oil price of $50 a barrel, in the right sector.

Impax funds doesn't strike me as being the sort of fund people will be pulling out of, if anything people investing in eco funds more likely to be much longer term thinkers.

will drip feed over next 12 months if i still have a job

[robsy2] 04/12/2008 11:36

I love this thread. It must be one of the quietest around...sleepy would be better way of describing it!
I was musing that there is more chance of seeing my nephew Bloodsports before I get a reply to the questions I posed. I'm seeing him after Xmas so we'll have the results by then!! They normally come out just before Xmas. The forecast looks good with the promise of a divi and solid going forward.
Anyway I'm back in.
R2

[robsy2] 01/12/2008 13:52

This is starting to look interesting again. esp when you contrast this with the likes of NewStar. Here funds under management are still rising. THe funds themselves are performing well , the company has loads of cash and no debt and is specialised and likely to outperfom, add a few big shareholders who offer great distribution channels and possible bid interest at some point and a first time dividend to come ,then maybe now is the time to hop back in before the results come out.
I see the directers have continued to load up on free shares....
Does anyone know when the results are due and what is forecast?
R2

[cambium] 24/10/2008 09:55

I am watching and waiting at these levels

[bloodsports] 16/10/2008 13:11

Hi,

Just thought I post to say thanks to Russian for that bit of news good to know the funds have not declined much. If they can afford it any sort of divi is nice at present.

[russianlinesman] 14/10/2008 20:35

rambutan2 hello anyone here.

trading statement I just picked up on, funds under management £1.2bn - not down too much.

First half revenues £5m, profits £1m+

Same again, total for year, profits say £2m.

Cash of £5m

Planning to pay a dividend. How much? 110m shares. 1p per share would take up £1.1m of the cash.

1p per share is a 5% yield.

Maybe they can't afford to pay this much and they did say "small" dividend. I seem to recall there is an obligation to invest in IEM at some point,

Share price was doing fine at 30p ish then dropped like a stone to 20p and below.

Sentiment, sentiment, sentiment

But what are we all going to do with the cash we save now we don't trust banks, pensions, etc, how about environmental funds?

Is a complete no-brainer so have invested my last £1k in buying some more shares.

Thoughts?

[badtime] 20/5/2008 21:11

This seems on the move

[rambutan2] 22/12/2007 23:27

anything above 29.99% ie as soon as you reach 30, and you hit takeover territory.

[praipus] 20/12/2007 18:57

Arent we in takeover % now? Dont holdings over 29% require the holder to make an offer for the company?

[bloodsports] 19/12/2007 09:09

Very interesting. good stake bought 28% of company and profits and funds under management up impressively.

[rambutan2] 16/12/2007 23:27

About time for those finals.

[rambutan2] 28/10/2007 20:38

russian,

all things being equal ie court case etc, i believe that they hope to say something encouraging about a div in the finals in dec.

[robsy2] 28/10/2007 20:28

Fund managemnet is a great business to be in and these guys have credibility.Like you say if they can keep growing the funds then this should start throwing out plenty of cash for the shareholders.Lets see

[russianlinesman] 28/10/2007 07:32

Robsy2

I assume that they will start paying a dividend inside the next 12 months, and it will be very well covered when they do.

If markets fell by 30%, it would reduce funds under management by 30%, say from £700+ down to £500m - they are profitable at £500m under management.

Add to that the fact that even in falling markets in coming years, enviro funds will attract money from elsewhere meaning new fund raising in the sector is a given, the risk is that other enviro funds attract all the money. Impax has been there for years, so I consider this risk minimal.

I see this at 50p within 12 months, (And a divi)

[robsy2] 26/10/2007 16:27

Blood
I'm out at the moment , I thought it looked a bit toppy and could see fund managers suffering if the equity markets fell , which looked quite likely back in August......
I will watch from the side at the moment because I am bearish of the markets in general and have repositioned accordingly, IPX doesn't pay reasonable, well covered divis which is now one of my criteria for holdings. Having said that Impax looks pretty bullet proof.Interestingly they now have around 1 billion under management which was an outlandish "imagine if" type claim of mine just a few years ago. I'm really pleased for all holders.
R

[robsy2] 26/10/2007 16:27

Blood
I'm out at the moment , I thought it looked a bit toppy and could see fund managers suffering if the equity markets fell , which looked quite likely back in August......
I will watch from the side at the moment because I am bearish of the markets in general and have repositioned accordingly, IPX doesn't pay reasonable, well covered divis which is now one of my criteria for holdings. Having said that Impax looks pretty bullet proof.Interestingly they now have around 1 billion under management which was an outlandish "imagine if" type claim of mine just a few years ago. I'm really pleased for all holders.
R

[bloodsports] 25/10/2007 12:25

Robsy2- yes will do.

This is remarkably strong-making up for my loss on rnsm!

You still in fully or have you reduced/added at all in last few months?

[robsy2] 23/10/2007 22:29

Bloodsports
Hey Blood Get your dad to have a look at BMS, it could be a more interesting option than James Fisher, where I think he is a holder:

[rambutan2] 02/10/2007 14:04

a top performing stateside fund...


and an asian one...

[rambutan2] 25/9/2007 16:55

re the chairman's rather large top ups. i believe that he recently came into a bit of a windfall and decided that ipx was as good a place as any to invest it. which is certainly a nice vote of confidence as he's certainly no novice in the financial sector as his background attests. however, i don't know where the shares came from.

re the jap fund. i believe that it will be marketed as a retail product by

or an offshoot of it, which is certainly a big mainstream player. it will be a white label product like the european funds ipx manages.

there are at least a couple of other environmental funds being marketed in japan, and as we know, the jap mkt certainly holds potential. however, whether this sector will attract much interest i'm not even going to hazzard a guess because one thing i have learned is that the japs do things in their own unique way. potentially exciting though...

[bloodsports] 25/9/2007 08:52

The director seems confident- share price has held firm all through the summer- and i was thinking they were a bit high and reduced. If i am lucky enougth to get a dip i going to add a few, get the feeling i little late.

[rambutan2] 24/9/2007 17:23

and a top up at an all-time high...

Director's dealing


The Company received notification on 24 September 2007 that Keith Falconer, the
Chairman of the Company, has acquired 100,000 ordinary shares of 1p each ("
Ordinary Shares") at a price of 29 pence per share.

Following this transaction, Mr Falconer and his connected persons own a total of 9,649,210 Ordinary Shares representing 8.81 per cent. of the Company's issued share capital of 109,499,098 Ordinary Shares.