Imi Share Discussion Threads

[philanderer] 07/11/2022 11:25

'This stock offers further profit potential after its 28pc gain.'

Buy

[our haven] 02/8/2022 13:56

Agree and good luck.

[essentialinvestor] 01/8/2022 14:22

OH, thanks. I'm looking to add on a bad week.
It rose quickly from recent lows so some give back perhaps expected.

[our haven] 31/7/2022 20:12

I have been invested over the years with IMI, out at times but mainly in and hold. One thing that is always the same, the board is very quiet.

[our haven] 31/7/2022 20:09

Since your post around 6 weeks ago they have risen nicely. I hope that you were invested to the level you wanted.All good reasons for the debt position and reduction in cash as far as I can see. Looks like they are taking full advantage of the increase in business and restructuring.I am happy to hold for the medium to long term.

[essentialinvestor] 31/7/2022 15:45

Goodness, some other posts here following the update.

I tried to generate a bit of interest a few weeks back as thought
these were looking rather cheap.

Increase in net debt the only fly in the ointment,
need to have a look at that in more detail - there
are some reasons given in the results statement.

[johnrxx99] 29/7/2022 08:34

I'm in for a little tranche.

[our haven] 29/7/2022 08:05

Excellent set of results all round.Nice to see the increase in dividend by 5 percent too.

[johnrxx99] 29/7/2022 07:45

They seem committed to 100p EPS from today's interim's.

[essentialinvestor] 21/6/2022 15:04

Does anyone have a medium term view on IMI?, putting aside weakening macro
outlook and probable recession?. i'm very optimistic on this and hope that view
is valid. They will do very well to make 100 pence on EPS which is current
guidance, might possibly need a guidance cut over the next few months.
Medium/longer term looks better.

[our haven] 30/5/2022 08:21

Looks like a good purchase to me. Fits well with IMI.

[essentialinvestor] 05/5/2022 09:24

Very solid update, not a fan of their corporate speak..customer intimacy ..!!

[our haven] 05/5/2022 07:33

Good solid update with group margins at 20 percent and eps 100p.Given the costs of exiting Russia, this continues to be a great share to own following the update.

[pursia] 06/3/2022 22:07

I've owned this plc for years and am actively looking to add to holdings, but don't lose sight of the fact that 2021 is being compared to 2020. However with 100p eps forecast for 2022 i definitely see it as a buy at under 1300p.

[tole] 01/3/2022 06:32

IMIOnce the epitome of the Midlands metal-basher, IMI is now a precision engineer that actively looks for leading-edge problems to solve. While overfond of corny slogans, such as "severe application solutions" aimed at "breakthrough engineering for a better world", the company has been turning those fine sentiments into practical achievements.Its latest results show a 14 per cent rise in pre-tax profit from £214.3 million in 2020 to £244.6 million last year, on the back of revenue up 2.2 per cent from £1.83 billion to £1.87 billion.According to Roy Twite, the chief executive: "In 2021 we have made excellent progress with our accelerated growth strategy through increasing customer intimacy, market-led innovation and reducing complexity." Faced with supply chain squeezes, he ordered engineers on to private jets to fix time-critical customer outages.Central to Twite's strategy is the growth hub, a process for identifying promising problems and turning the answers into profitable products and services. "The number of growth hub teams is increasing," he said, "and many initiatives are now delivering tangible results." To that end, in December the group bought Adaptas Solutions, a Massachusetts-based laboratory equipment maker.SIGN UP FOR OUR ...Weekly newsletterNews, inspiration and advice for business leaders from British entrepreneursthetimes.co.uk/newslettersIMI has three divisions: critical engineering, producing flow-control systems for oil, gas and petrochemicals companies; precision engineering, making motion and fluid systems for carmakers and life sciences firms; and hydronic engineering, turning out water-based heating and cooling systems for home and commercial builders, mainly in Europe. Twite has led them all.Jefferies, the broker, said that the management was "delivering well" and "positioning the group nicely for the medium and longer term. Execution has been strong and we remain positive on the group."A 15.8p final dividend took the full-year payout from 22.5p to 23.7p. That trend should continue. Twite does not disagree with full-year adjusted 2022 earnings per share of 102p, which likely means there is enough in the locker to reach 110p for a 13.4 forward price/earnings ratio. ADVICE BuyWHY A solid performer with prospects to match

[our haven] 25/2/2022 08:00

More good numbers. The progress continues from this well run company

[our haven] 15/11/2021 07:15

This looks like a good purchase for the group in helping to reshape IMI's future growth. 16 times paid means that it will need cost savings.

[redartbmud] 04/11/2021 08:05

Fabulous business with great managemant.

[our haven] 04/11/2021 07:49

Updated results look good with marginally ahead the headline.Pleased that they have decided to keep the Hydrogen division given its potential.

[our haven] 31/10/2021 14:28

IMI reporting this Thursday.Looking forward to it.

[our haven] 30/7/2021 11:28

DeanForester, it has been a great share for me too. Today's numbers show that this quality company continues to deliver and I will continue to hold having also had to trim over the years. That problem is one I am happy to live with!

[deanforester] 30/7/2021 10:24

I bought these in 2009 at 265p, and my IRR since then has been 44.7%, with trimming when overweight and adding more when below weight. My best performing share.

[our haven] 26/4/2021 08:01

Great results, 200m buyback, should fly this morning

[our haven] 26/2/2021 07:57

Good 2020 final results and dividend declared at the expected level. Plus 9 percent seems a theme. Cost savings met, hopefully market will like.

[our haven] 13/1/2021 15:49

Nice rise on the back of the upgrade by Credit Suisse.