Imi Share Discussion Threads

[qackers] 28/7/2014 13:54

Anyone got any thoughts on this one..

[m.t.glass] 12/3/2014 09:00

Thanks Richard. But it wasn't the structure of the arrangement I was curious about so much as the likely market assessment. Which now looks to have been significantly negative!

I've never held a position in IMI, it isn't a stock that appeals to me. I am merely tracking it for a friend who holds stock as a legacy of previous employment at an IMI subsidiary.

[richard51] 31/1/2014 17:58

There will be little difference in the share price after the £2 per share payout as the shares are being consolidated to reflect this payment. For every 8 shares you hold now you will be issued with 7 new shares. The share price remains the same but the value of the company is reduced by the amount of the payout - as does the value of your holding.
800 shares at the current price, say 1450 = 11600 less 200p per share (1600) = 10000. 700 shares at 1450 = 10015. Much the same. Hope this helps

[m.t.glass] 30/1/2014 16:16

I too would welcome views on how the adjustment is most likely to pan out.

[glyndwr2] 30/1/2014 15:48

Has anybody any opinion as to the effect the consolidation will have on the s p taking the cash return into consideration?

[b1ggles] 27/1/2014 16:35

www.upcomingdividends.co.uk suggests the 'Ex' date is 17 Feb.

12 Feb seems to make more sense to me, as the record date is 14 Feb (ie you would need to buy the shares by 11 Feb to qualify)?

[hyden] 22/8/2013 20:15

Yes, very pleased with today's results. :-)

[deanforester] 22/8/2013 17:43

Nice quiet board. Just the job on a day when there has been a 5.8% rise, and an 8% increase in the interim.

[caramelsoul] 12/4/2013 11:13

I bailed on this one last night, felt a bit edgy about leaving it open over the weekend. Will reassess next week. Made a good quick profit anyway, so happy enough.

[caramelsoul] 11/4/2013 15:00

Another one will always come along. I had my eye on an entry into ASOS (ASC) at 3100 the other day but funds were all tied up elsewhere. Ho hum.

[redartbmud] 11/4/2013 12:20

caramel

No worries, just don't get "fat finger" at the wrong time.
I am not a happy bunny - failed to buy at £12.04 yesterday. Aaaagh!!!!

red

[beckwith] 11/4/2013 12:00

Doing well again today, I am going to hold this one for a while now as it could be a good year.

[caramelsoul] 11/4/2013 08:59

Sorry Red, just edited my post. Had wrong figures in, lol.

[redartbmud] 10/4/2013 14:37

caramel

You could sell at £12.06, why wait?

red

[caramelsoul] 10/4/2013 14:02

Im in @ 1211.5. Looks good for a tick up like you say. Target 1300.

[beckwith] 08/3/2013 11:22

I agree, no need for chat just watch it continue to tick upwards over the next few months!

[bluebelle] 07/3/2013 14:05

Some of the best companies have the quietest threads : I'm happy enough to let the market speak on this one !!!

[bluebelle] 16/11/2012 08:23

2012
16 November 2012
IMI plc ("IMI" or "the Group")
Interim Management Statement
IMI, the global engineering group, issues the following Interim Management Statement, which covers the period from 1 July to 15 November 2012.
Current trading and outlook
Overall trading in the second half is in line with management expectations as communicated at the time of our Interim Financial Report in August. On an organic basis, after adjusting for acquisitions and exchange rate movements, revenues for the four months to the end of October are 3% ahead of last year and 4% ahead for the 10 months year to date. On a reported basis, revenues are 5% and 6% ahead respectively.
Severe Service
Shipments in our Severe Service business have remained strong with revenues on an organic basis 15% ahead of last year in the four months to October and 16% ahead year to date. Second half bookings momentum is similar to the first half, around 4% down on last year, impacted by lower activity in the nuclear sector and reduced bookings for new construction fossil power projects in China and India as we continue to exercise greater selectivity on project bids.
As communicated in the Interim results, we expect margins in the second half to be at similar levels to the first half. Margins in the order book have continued to improve as the backlog of lower margin projects secured in earlier periods is shipped, and is replaced by new projects with margins closer to historic norms. This improved mix in the order book, coupled with ongoing improvements in productivity at the Brno manufacturing facility in the Czech Republic underpin our expectation of a healthy improvement in margins as we progress through next year.
Fluid Power
As anticipated, Fluid Power volumes have weakened in the second half, with revenues for the four months to the end of October down 4% on an organic basis compared to the same period last year and 2% down year to date. The principal contributor to this decline has been the commercial vehicle sector, most notably in the US, with revenues down 8% for the four months to the end of October. Elsewhere the sector business remains resilient, with sales into the oil & gas sector in particular continuing to show good momentum. In the non sector business, activity levels in the US and Asia Pacific have continued at similar levels to the first half, whilst European volumes have weakened by a further 3%.
On margins we continue to demonstrate good underlying momentum, with value engineering and supplier rationalisation initiatives delivering a healthy contribution to cost reduction. We expect second half margins to be similar to first half levels despite the lower levels of activity.
Indoor Climate
Indoor Climate volumes have held up well despite a difficult European construction environment with revenues on an organic basis up 2% over last year for the four months to the end of October, and up 1% year to date. We have seen a return to more normal trading patterns as we enter the important heating season in Europe, following the anomaly last year arising from unseasonably warm autumn weather. We are continuing our investments in sales and engineering to drive long term growth outside our core European markets, and to take advantage of the positive market trends on energy efficiency. As previously indicated we expect Indoor Climate margins to exhibit their normal seasonal improvements in the second half.
Beverage Dispense
Activity levels in Beverage Dispense are higher than anticipated at the time of the Interims, with strong demand for a number of new products in Asia and improving momentum in the US. Despite exiting a significant low margin contract in the UK at the end of June, revenues on an organic basis for the four months to the end of October are flat on last year, compared to a 1% reduction in the first half. Margins in the second half are expected to show further progress over last year as the product mix continues to improve, supported by higher sales of new products at better margins and continued exits from lower margin, more commoditised product lines.
Merchandising
Merchandising revenues on an organic basis are up 6% over last year for the four months to October, and up 10% year to date following a particularly strong first half. We continue to see good growth in our North American automotive business and in our European cosmetics business where we are starting to benefit from two large multi-year contracts secured in the first half. We expect operating margins to show the normal seasonal improvement in the second half and for full year margins to be similar to last year.
Financial position
The Group retains a strong balance sheet. Year end net debt is expected to be GBP150m to GBP170m following a seasonally stronger second half cash performance.
IMI will issue its preliminary results announcement in respect of the year ending 31 December 2012 on 7 March 2013.

[bluebelle] 31/10/2012 09:36

Yes, I gather a few people are having problems with their feeds. IMI also stand to benefit considerably from the Hitachi deal announced yesterday. These deals could be transformational albeit in the medium to long term.
Should certainly attract the attention of more of the FTSE100 orientated fund managers : wouldn't be surprised if IMI is consistently amongst the top 10 or so performers over the next ten years . Decent dividend (well covered) and PEG still below 1.

[deanforester] 30/10/2012 11:27

ADVFN seem to be having trouble with their RNS feed. That one is not on the list.

[bluebelle] 30/10/2012 09:12

30 October 2012



IMI plc

New nuclear joint venture in China



Further to our announcement in December 2010, IMI, the global engineering group, is pleased to announce that it has signed an agreement for a new joint venture in China with Shanghai Automation Instrumentation Company Co., Ltd.("SAIC") to supply control valves into the nuclear power market. SAIC are industry leaders in controls and instrumentation technology and are already important suppliers to the Chinese nuclear industry.



The nuclear power market in China is the fastest growing in the world with 15 operational reactors, 27 under construction and more expected to start construction in the near future. These planned new reactors are expected to increase China's nuclear capacity to 67 gigawatts by 2020 and significantly higher thereafter. The new company will produce control valves for critical applications for these new nuclear power generation plants in a new valve production facility which will be established on Chong Ming Island of Shanghai.



Completion is subject to regulatory clearances and is expected to take place within 6 months.



Roy Twite, Executive Director, IMI plc, said:

"We are very pleased to have signed this agreement with SAIC. This is a very exciting opportunity for IMI. China is investing heavily in new nuclear power generation over the long term and this new venture will enable IMI to play a significant role in this development. We are looking forward to building a long relationship with SAIC delivering industry leading critical valve solutions to the Chinese nuclear market."

[fludde] 12/7/2012 13:13

This is a good collaboration- big potential market.

[broadwood] 27/4/2012 08:23

So this has been the second best performer in the FTSE 250 this week. Apparently.