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IMI Imi Plc

1,858.00
56.00 (3.11%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Imi Plc IMI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
56.00 3.11% 1,858.00 16:35:01
Open Price Low Price High Price Close Price Previous Close
1,800.00 1,756.00 1,862.00 1,858.00 1,802.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Imi IMI Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
01/03/2024FinalGBP0.19204/04/202405/04/202417/05/2024
01/03/2024InterimGBP0.19204/04/202405/04/202417/05/2024
28/07/2023InterimGBP0.09110/08/202311/08/202315/09/2023
03/03/2023FinalGBP0.17406/04/202311/04/202312/05/2023
29/07/2022InterimGBP0.08311/08/202212/08/202216/09/2022
25/02/2022FinalGBP0.15807/04/202208/04/202213/05/2022
30/07/2021InterimGBP0.07912/08/202113/08/202117/09/2021
26/02/2021FinalGBP0.1501/04/202106/04/202114/05/2021
24/07/2020InterimGBP0.33706/08/202007/08/202011/09/2020
27/07/2019InterimGBP0.14908/08/201909/08/201913/09/2019

Top Dividend Posts

Top Posts
Posted at 26/7/2024 12:18 by philanderer
IMI rose 2.2% after what broker Peel Hunt called a "robust" set of interim results.

The Birmingham-based engineering firm declared a 10% improved interim dividend and announced a GBP100 million share buyback, following a rise in half-year profit.

IMI said pretax profit was GBP162.5 million, up 17% from GBP138.5 million a year before, as revenue inched up 1.3% to GBP1.10 billion from GBP1.08 billion.

The firm also said Chief Financial Officer Daniel Shook will leave next year, though no earlier than May, after nine years with the company.

Peel Hunt noted organic revenue growth of 5% compared to 4% in the first quarter, making IMI one of the few companies in the sector that has seen an acceleration.


Alliance News
Posted at 25/6/2024 23:59 by philanderer
The Telegraph

Questor: This valve maker could keep returns flowing

Questor says: buy

Ticker: IMI

Share price: £17.80
Posted at 25/6/2024 12:24 by philanderer
JPMorgan raises IMI price target to 2,200 (1,850) pence - 'overweight'
Posted at 04/6/2024 00:11 by philanderer
IMI introduces its first valve for urea applications
Posted at 29/5/2024 00:09 by philanderer
IMI Unveils First HIPPS for Hydrogen Post-Production Processes
Posted at 22/5/2024 11:33 by philanderer
Goldman Sachs raises IMI price target to 2,150 (2,020) pence - 'buy'
Posted at 14/5/2024 09:34 by philanderer
Barclays raises IMI price target to 2,160 (1,960) pence - 'overweight'
Posted at 08/4/2024 09:51 by philanderer
IMI is ‘cheap’ given the potential, says Jefferies


Engineering group IMI (IMI) is undervalued and underappreciated, according to Jefferies.

Analyst Kean Marden reiterated his ‘buy’ recommendation and increased the target price from £20.90 to £21.95 on the Citywire Elite Companies plus-rated stock, which shed 2% to £17.74 on Friday.

IMI is one of Marden’s ‘most preferred UK industrials’ and its recent results and ‘fireside chat’ with the analyst ‘reaffirmed our positive stance and view of the equity story’.

‘In particular, we are upbeat on the group’s [pre-tax profits] margin and cash generation profile, and believe the street is undervaluing and underappreciating the group’s strengths, qualities and outlook,’ he said.

Marden said IMI is a ‘quality business, is well-managed, has a positive outlook and healthy balance sheet, has plenty of improvement potential, and trades on a modest multiple.’

‘The shares are cheap, especially given the group’s improvement potential,’ he said


citywire.com
Posted at 30/1/2024 20:39 by redartbmud
An train wreck about to unfold.

JP - a one man unprinatble:
"IMI plc (the "Company" or "IMI") today announces that Jamie Pike will be appointed as Chair of the IMI Board and the Nomination Committee with effect from 1 January 2025"

Xpp nearly bankrupted uner hos watch.
Spx CEO succession plan - I have no words that adequately conveys my opinion.

red
Posted at 30/1/2024 18:48 by philanderer
upgrade yesterday....

Berenberg upgrades IMI on turnaround strength


Berenberg has upgraded fluid control component manufacturer IMI (IMI) on the strength of its ‘turnaround equity story’.

Analyst Calum Battersby upgraded his recommendation from ‘hold’ to ‘buy’ and increased his recommendation from £16.05 to £19.50 on the Citywire Elite Companies A-rated stock that was trading at £16.75 on Monday.

‘We think IMI is an excellent example of a turnaround equity story, where the quality of the underlying business, in terms of margins, returns and future growth profile, has significantly improved, although where this is yet to really play out is in the company’s valuation,’ Battersby said.

Battersby said that the business is benefiting from improved end-market outlooks and ‘looks to be both more resilient to periods of economic weakness –as evidenced through 2023 – and capable of a more consistent future organic growth profile’.

He is expecting a ‘material increase’ in free cashflow over the coming years as the business benefits from growing earnings, the end of its five-year restructuring programme and ‘normalising working capital levels’.

‘As evidence of this improved outlook becomes clear to investors, we believe there is clear re-rating potential for IMI,’ said Battersby.


CITYWIRE.COM