Impax Asian Sub Share Discussion Threads

[chrisdonohue] 12/3/2013 12:24

The previous price action where a huge proportion of buys at 4.50 with few sellers has resulted in no price movement in the shares points to a large seller getting rid of a lot of stock. The large seller seems now to have departed, causing the price to rise substantially on much smaller volume than
recently. The gearing of 21 for buys at 4.50 has now reduced to less than 16 for buys at 6.10 and less than 15 for anyone buying at 6.45. The discount to NAV is still very attractive, however, particularly as the NAV is still rising well.

[marab] 12/3/2013 08:18

Looks like Invesco have sold all their subs - 8,107,525, so no more spare subs perhaps.

[marab] 08/3/2013 12:54

Kimboy2 - could get interesting when the supply dries up. IAEM finally seems to be in the right stocks at the right time and its fascinating watching the NAV moving up day after day, week after week.

[kimboy2] 08/3/2013 12:48

Yes there are been a couple of million buys in the last few days so I presume someone has a line to sell.

[marab] 08/3/2013 12:42

Kimboy2 - we seem to be having a lot of buys and no sells atm so I presume someone is unloading a large number. IAEM are having a great run so who knows where they will be by October 2014. You are right about the discount, it seems to be getting bigger, but there is always the chance of more buy backs.

[kimboy2] 07/3/2013 18:36

Beginnin to get a bit more interesting. I notice that 1m were bought today out of 39m subs so clearly a bit of interest.

The underlying chart is a thing of beauty. It would be nice if the discount narrowed from 13-14% to something more reasonable i.e 7%.

The collapsing pound is helping nicely and I think asian environmental stocks are re[rating.

I am hoping for about 15p by September. I reckon that would need a 13% change in NAV for a 300% + profit on the subs, so nicely geared