Share Name Share Symbol Market Type Share ISIN Share Description
Impax Asset Man LSE:IPX London Ordinary Share GB0004905260 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 147.50p 145.00p 150.00p - - - 0 07:51:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 21.1 5.2 3.6 40.7 188.43

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Impax Asset Man (IPX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-20 14:32:01146.401,9902,913.36O
2017-11-20 13:54:15146.404,0815,974.58O
2017-11-20 11:24:08146.4010,00014,640.00O
2017-11-20 10:38:17146.409,23313,517.11O
2017-11-20 10:37:59146.403,2004,684.80O
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Impax Asset Man (IPX) Top Chat Posts

DateSubject
20/11/2017
08:20
Impax Asset Man Daily Update: Impax Asset Man is listed in the General Financial sector of the London Stock Exchange with ticker IPX. The last closing price for Impax Asset Man was 147.50p.
Impax Asset Man has a 4 week average price of 133p and a 12 week average price of 106.38p.
The 1 year high share price is 157.38p while the 1 year low share price is currently 48.50p.
There are currently 127,749,098 shares in issue and the average daily traded volume is 23,204 shares. The market capitalisation of Impax Asset Man is £188,429,919.55.
19/9/2017
11:22
dan hol: Peel Hunt Report also out with a report suggesting a target price of £1.40. With some good AUM results due in october and some strong financials in dec we could be seeing £1.70+ share price by end of year.
05/6/2017
09:11
firtashia: Please accept my apologies for causing the share price to tank today; I bought in first thing this morning. My short term timing is always atrocious.
12/5/2017
13:35
martinthebrave: Graham Neary commenting on yesterdays Half Year results for Stockopedia. He is pretty positive - Impax Asset Management (LON:IPX) Share price: 93p (+2%) No. shares: 128m Market cap: £119m Half-year Report This report came out yesterday but a reader asked me to comment and since I follow the asset management industry, I thought I'd see if I could come up with a few words on it. Having a listen to the company's webinar on the results, it's a simple proposition: investment focused on resource efficiency and solving environmental problems. 30 investment professionals manage £6 billion in AuM from offices in London, Hong Kong, New York and Oregon. Food safety, air pollution and clean water are some of the big challenges and themes which the company works on. Momentum in AuM is fantastic at the moment, reporting six consecutive quarters of inflows and the following H1 movement: 59159a80191a1IPX_20170512.PNG Scrolling down to the income statement, I see that operating costs reduced to 77% of revenue for the period, compared to 83% in the comparable period in 2016. There is inevitably going to be profit-sharing with employees when you have a people business such as an asset management company, and variable staff compensation will usually rise with revenues, but you should still benefit from operating leverage as an investor and that reduction in % costs is the sort of thing to look for. Interim dividend increases 40% to 0.7p from 0.5p, and is covered three times. Balance sheet is fine, no debt and healthy cash reserves of £13 million (of which £6 million is a necessary "risk buffer", i.e. regulatory capital plus buffer). My opinion Sounds interesting, with the CEO talking about the capacity for £10 billion in AuM without the need for any new products. The current market cap is just 2% of AuM, which strikes me as rather low. Depending on their fee margins, many active asset managers trade at higher levels than that - for example, Jupiter Fund Management (LON:JUP) is currently trading at 5% of AuM. Of course, it's possible that Jupiter Fund Management (LON:JUP) is overvalued too, but I'd be inclined to think it's more likely that Impax shares are still too cheap, despite how much they've already risen.
14/2/2017
20:55
topvest: All looking very positive here given the AUM increasing sharply month on month. Share price is starting to pick up on the growth story.
10/1/2017
11:32
topvest: Short term maybe - this was known news anyway. But, I don't think the share price is up with events personally. Reasonably cconfident that the growth story will run on and they will get to £10bn under management within 3-4 years. What would that do to profitability? Not valued as a growth share really.
06/12/2016
08:57
robsy2: Analysis of Impax(IPX), using Jim Slater’s Zulu Approach 1. Five Year Record (5 years positive earnings growth) YES 2. Low PEG Factor (PEG below 1 – eg. a 10% eps growth on a PE of 10 or less) YES…. year end 30.09.16 PEG = Current PER / profits growth PER = 52.75(sp)/3.62(fdeps) = 14.57 PEG = 14.57/ 16* =0.875 So just about a buy if <0.75=BUY) *Profits growth of 16% based on growth in fdeps from 2015(3.13p) to 2016 (3.62p) 3. Optimistic Chairman's Statement YES, optimistic. 4. Strong Financial Position YES. 10.5m GBP of distributable cash on the B/S cash after seed investments, provisions, share purchase obligations etc are taken into account. Strong cash flow, no debt. 5. Competitive Advantage YES.A focused, scale-able business model that is expanding rapidly, great operational leverage, very strong reputation, excellent product performance.AUM growing rapidly. 6. Something New YES. Less dilution going forward, starting to become a serious dividend payer, the new investments that have held back earnings of late now give IPX strong operational leverage going forwards. Legislation & investor appetite are pushing business their way. They have the expertise, smart distribution and keen pricing. 7. Small Market Capitalization (a small cap stock - anything in the FTSE250 or above is out) YES.MC £67m at 52.75p.Looks good value. 8. Relative Strength (as in the share price movement compared to the FTSE All Share Index) YES. 12 month share price +30%, compared to FTSE All Share Index +10% 9. Dividend Yield YES. 2.1p = 4% based on 2016 results, (2015 divi 2.1p included special divi of 0.5p. 10. Reasonable Asset Position YES. The balance sheet is very strong, room for more special dividends. 11. Management Shareholding YES. Don’t get me started…They have been very generous with themselves in the past so they are now motivated to get the share price up and the dividends up. CONCLUSION This analysis is based on the Jim Slater 11 point test to find underrated shares. It scores 11/11 so the share is underrated! NOTE: Remember shares can go down as well as up. This is not to be read as a recommendation to buy this share. It is simply an explanation of why I bought. Dilution Worries Senior management has been very generous with themselves over the years. Apart from fat salaries, they have awarded themselves lots of free shares. I sold in disgust some time ago because of this issue. Now the directors have loaded up on free shares, they will no doubt focus on dividend payments and improving the share price performance which has been lackluster to date The time looks right now so I am happy to be back on board again.
11/10/2016
17:58
robsy2: Update from yesterday Analysts At Peel Hunt Retained Impax Asset Management Plc (LON:IPX) As Buy Today analysts at Peel Hunt retained Impax Asset Management Plc’s (LON:IPX) shares as ‘Buy’ in a report released to investors. According to Peel Hunts price target of 63 on the company’s stock this indicates the broker now believes there is an increase of 28.21% from Impax Asset Management Plc’s current price of 49.14. LON:IPX In the last year Impax Asset Management Plc’s stock price has increased by 0% from 0.00 to 49.14. The number of Impax Asset Management Plc shares in issue is 106,725,000 which have a current share price of 49.14 bringing Impax Asset Management Plc’s market capitalisation to 52.44M GBp. The 52 week high of shares in Impax Asset Management Plc is 53.13 while the 52 week low for the company’s shares is 40. The businesses 50 day moving average is 49.41 and its 200 day moving average is 48.66. Impax Asset Management Group plc is a United Kingdom-based investment company, with assets under management and advice, primarily for institutional clients through both listed and private equity strategies. The Company is engaged in investment management. The Company operates through three segments: Listed Equity, Private Equity and Property. Its investments are focused on a small number of deeply researched global equity strategies across energy efficiency, alternative energy, water, waste/resource recovery, food and agriculture related markets. The Company offers professional and institutional investors exposure to a range of global and regional equity strategies, including specialists, leaders, water, food and agriculture, and Asia-pacific. It works with sectors, such as energy, waste, and sustainable food, agriculture and forestry. Its subsidiaries include Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax New Energy Investors (GP) Limited.
28/5/2015
16:42
robsy2: I'm back in. Here is my reasoning for the record. Analysis of Impax, using Jim Slater’s Zulu Approach 1. Five Year Record (5 years positive earnings growth) YES, well 4 years only, 5 if we include 2015. 2. Low PEG Factor (PEG below 1 – i.e. 10% eps growth on a PE of 10 or less) YES/ NO, it’s changing PEG = Current PER / profits growth PER 2014 47p/2.79p= 17 PEG = 17/7% growth = 2.42 so not so good (My rule here is <0.75=BUY) (PEG more optimistic with 30% growth in income at the interim stage EPS int 2015 1.61p v 2014 1.20p) so PEG could be 17/30 PEG = 0.5 =very good. 3. Optimistic Chairman's Statement YES, optimistic. 4. Strong Financial Position YES. Well covered dividend, good business franchise, lots of cash on the B/S cash 12m MCAP 62M so 20% cash in the share price 5. Competitive Advantage YES.A focused, scaleable business model that is poised for more expansion. 6. Something New YES. Less dilution going forward, starting to become a serious divi payer, new investments have held back earnings, should seed more earnings in the future, they are quality players in a good niche with a scaleable business with growing demand and a growing opportunity. 7. Small Market Capitalization (a small cap stock - anything in the FTSE250 or above is out) Yes.MC £62m.looks cheap compared to its competitors. 8. Relative Strength (as in the share price movement compared to the FTSE All Share Index) NO. no relative strength compared to AIM 100 or peer group contender INVP, so no score on that front. The share price has not had momentum for years, the share scheme has put investors like me off as the gains made have been giftd to the employees and directors but the dilution is now less going forward. IPX PER 15,Rated competitor INVP PER 27, so it looks left behind on that basis 9. Dividend Yield YES. 3% based on 2014 results .2015 int divi up 33% on 2014,divi cover 2. 10. Reasonable Asset Position YES. The balance sheet is very strong 11. Management Shareholding YES. They have been very generous with themselves in the past so they are motivated to get the share price up and the dividends up. CONCLUSION This analysis is based on the Jim Slater 11 point test to find underrated shares. It scores well so the conclusion is that the share is underrated!! NOTE: Remember shares can go down as well as up. This is not to be read as a recommendation to buy this share. It is simply an explanation of why I bought the share.
14/10/2008
19:35
russianlinesman: 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?
30/3/2006
11:26
robsy2: Hi Russian Once the convertible stock is converted and the share incentives are dished out (assuming the share price reaches at least 14p by November 2007) then the company will have around 110 million shares in issue. The share price is well underpinned by the Directors need to get their share incentive. To get their shares the share price must reach at least 14p by November 2007. The current share price may be a bit ahead of the game, but the company appears to be making good progress issuing it's funds and the share price of the funds themselves are flying ahead. While I have reduced my holding a bit over the last few months to buy into other things I still have a sizeable holding , for me, and am very confident about the future of this company. all the best Robsy
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