Imi Share Discussion Threads

[philanderer] 26/7/2024 12:18

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

[philanderer] 26/7/2024 10:33

And well received.

CFO leaving next year.

[philanderer] 22/7/2024 14:22

Interim results friday.

[philanderer] 25/6/2024 23:59

The Telegraph

Questor: This valve maker could keep returns flowing

Questor says: buy

Ticker: IMI

Share price: £17.80

[philanderer] 25/6/2024 12:24

JPMorgan raises IMI price target to 2,200 (1,850) pence - 'overweight'

[philanderer] 04/6/2024 00:11

IMI introduces its first valve for urea applications

[philanderer] 29/5/2024 00:09

IMI Unveils First HIPPS for Hydrogen Post-Production Processes

[philanderer] 22/5/2024 11:33

Goldman Sachs raises IMI price target to 2,150 (2,020) pence - 'buy'

[philanderer] 14/5/2024 09:34

Barclays raises IMI price target to 2,160 (1,960) pence - 'overweight'

[our haven] 09/5/2024 13:51

Philanderer, no shocks or surprises, all on track so would expect relatively flat for a bit.Cannot complain given the steady rise.

[philanderer] 09/5/2024 09:31

red, market seems to like it :-)

[redartbmud] 07/5/2024 22:22

And AGM.

red

[philanderer] 07/5/2024 19:29

Interim statement thursday.

[philanderer] 15/4/2024 10:33

RBC raises IMI price target to 2,250 (2,150) pence - 'outperform'

[philanderer] 08/4/2024 09:51

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

[philanderer] 04/4/2024 11:30

Jefferies raises IMI price target to 2,195 (2,090) pence - 'buy'

[philanderer] 28/3/2024 00:20

IMI has appointed technical hydrogen expert Dr Cornelia Neumann as its new Sales and Business Development Manager.

She will be responsible for growing the company’s portfolio of hydrogen customers across Germany, in key sectors such as transport, power and industry.

[philanderer] 27/3/2024 00:52

Nearly 50 minute video

[yellowstoneadvisory] 25/3/2024 08:33

Investor Webinar at 1pm today.

Luke Grant, Head of Investor Relations and Group Financial Controller and Edward Hann, Investor Relations Analyst will provide an introduction to IMI plc and update on performance following the publication of the FY results which were released on 1st March. Register

[philanderer] 23/3/2024 00:03

IMI - Retail Investor Webinar on monday.

[philanderer] 07/3/2024 10:02

UBS raises IMI price target to 1,860 (1,555) pence - 'neutral

[yellowstoneadvisory] 05/3/2024 15:50

IMI - excellent FY results, slightly ahead of expectations. Strong growth expected in 2024. Hear the story at a webinar for private investors on 25/3 at 1pm
Register

[our haven] 01/3/2024 14:37

I am happy to hold this quality company.

[redartbmud] 01/3/2024 11:22

20 minutesbehind the curve.
I would have been happy to top up at 11.00am.

Bother

red

[philanderer] 01/3/2024 10:49

Davy starts IMI with 'outperform' - price target 2,500 pence