Imi Share Discussion Threads

[valediction] 05/8/2011 19:42

If only I had a wad of spare cash lying around......

[valediction] 05/8/2011 19:42

If only I had a wad of spare cash lying around......

[epsilon mojo] 04/8/2011 11:32

Screaming buy at this price imo with results in a few weeks & QE3 looking more & more likely.

Short covering & fundamentals over fear coming soon imo.

[epsilon mojo] 03/8/2011 00:59

Drop appears to have been exacerbated by short selling with a surge in the amount of stock out on loan according to the chart on this page (just type IMI into the search bar below the chart):

[epsilon mojo] 02/8/2011 22:19

IMI's turn to be caught in the crossfire of a volatile & fear driven market sell off aimed predominantly at (what the market believes to be) more economically sensitive, cyclical stocks - nothing more than that imo.

Maybe we are heading for a US/European driven collapse in world growth or even the dreaded double dip recession, in which case it's game over for now.

Personally though, I feel the fear is somewhat overdone & expect a (QE3 driven?) rally at some point soon with IMI firmly at the forefront.

Could be a bumby ride in the short term though, especially with the DOW collapsing 266 to 11866 in late trading.

[deanforester] 02/8/2011 16:55

What the hell happened today? Down almost 5% for no obvious reason. Due to report late in August.

[epsilon mojo] 02/8/2011 16:53

Added today - looks very good value again on a medium/long term view imo, market worries aside of course.

[valediction] 27/7/2011 08:40

Still looking strong ,despite all the worries in the world.
Once the US sort out the debt ceiling, the market should breath a big sigh of blue relief.

Until the next crisis of course....its been the year of them.
Perhaps "Plague sweeping through asia rocks markets" is not far away.

[bluebelle] 08/7/2011 13:46

I said the same thing on the GKN thread, which I also hold. Any bid at a realistic premium would be bad news other than for short term shareholders as, barring accidents, the share price of these companies will be higher than any likely price paid within 12 months.

[valediction] 07/7/2011 18:03

Oh please yes BUY BUY BUY BUY IMI

[bluebelle] 06/7/2011 21:41

I hope not : would mean a major portfolio readjustment for me!!!


MARKET REPORT: Takeover buzz gives IMI heat
By GEOFF FOSTER

Last updated at 12:37 AM on 6th July 2011

Mind your eye with IMI. That was the shout in dealing rooms as red hot rumours of a £4.8bn, or £15 a share, cash offer from giant New Jersey-based conglomerate Honeywell International helped the industrial engineer touch 1129p before closing 41p higher at 1119.5p.
The gossip coincided with a note from Brewin Dolphin which said it considers IMI to be potentially prey to some of the very large US industrial companies.
IMI, formerly known as Imperial Metal Industries, floated on the London Stock Exchange in 1966 with parent ICI retaining a majority shareholding. ICI sold its remaining interest in 1978 and during the 1980s IMI moved towards higher margin finished products such as pipes, tubes and fittings. Its been onwards and upwards since and last December the Birmingham-based group was admitted to the Footsie.

[bluebelle] 06/7/2011 20:12

Well, let's hope today was as good as it gets for you ! I bet there were people thinking the same this time last year when it was trading at under £2 !!!

[valediction] 06/7/2011 17:55

Cheers Bluebell its one I am watching and hoping for a "brief" pull back so I can get in.

[bluebelle] 06/7/2011 08:48

A wise man once told me that it's never too late to buy; it's never too late to sell !



FWIW I think BOY is still very much undervalued relative to certain of its peers.

[valediction] 06/7/2011 08:07

We wish cool runnings !!!

Bluebelle , A wise man told me to eat up BOY when it was 340 ish recently, but I hesitated and he who hesitates is lost as they say.

[bluebelle] 06/7/2011 07:28

valediction
It's a pattern I've seen on several in this sector that I hold - periods of inactivity price wise followed by an adjustment : CGS, BOY, FENR & MRO for example.

[cool runnings] 05/7/2011 20:19

Bid speculation !!

[valediction] 29/6/2011 22:01

Stronger today, lets hope it continues

[epsilon mojo] 23/6/2011 22:49

Agree Bluebelle - SMDS another good example & just look at that today!

Expect these to be pushing £12 come the August interims, so not overly concerned with the recent underperformance.

[epsilon mojo] 23/6/2011 02:16

Seems to be stuck to £10 like a limpet at the moment - a psychological barrier that is always a tough nut to crack, even without all the headwinds we currently face.

Looks pretty solid though & appears imo to be just biding it's time before the next leg up on the chart to the £11-12 area.

Let's hope the Greeks do the right thing next week.

[valediction] 18/6/2011 09:19

Good article, should draw some interest .

[epsilon mojo] 17/6/2011 14:40

Nice article on IMI in today's IC, I particularly like the final part where he says:

"Analysts reckon earnings per share will advance 20 per cent this year and 12 per cent in 2012. If they're right, the 2012 price-earnings ratio is under 12. In a drab stockmarket with some unfathomable valuations amongst consumer sectors, this one is very thought-provoking."

Throw in further acquisitions/broker upgrades & the case to invest here seems very clear imo.

[valediction] 16/6/2011 23:06

Tomorrow of course EM ;-)