Imi Share Discussion Threads

[philanderer] 09/12/2024 19:53

IMI supplies PEM electrolyser for German district heating project

[our haven] 06/12/2024 21:16

Good news philanderer, I was wondering why the small price rise on a down day.

[philanderer] 06/12/2024 12:40

JPMorgan raises IMI price target to 2,250 (2,200) pence - 'overweight'

[our haven] 06/12/2024 08:52

With 17 brokers covering this stock, 4 strong buys, 10 buys and 3 holds, I would think that alone would generate more comments.It looks like I will stay one happy investor on my own here.

[our haven] 02/12/2024 07:54

For a FTSE 100 company, IMI on here is very quiet and always has been.Not sure why, as it is a quality company with great numbers.Perhaps, if it was on the radar more, it would help. That said, I have been very happy with the returns over the years.

[philanderer] 29/11/2024 11:20

Yes indeed , tp 2000p

[our haven] 29/11/2024 08:04

Nice upgrade from Bank of America this morning to outperform, hence the bright opening.

[our haven] 07/11/2024 10:19

Excellent trading update with everything on track with trading and the efficiency savings.

[philanderer] 05/11/2024 10:28

Morning EI

Maybe trying to increase exposure?


IMI plc, the specialist engineering group, today announces the appointment of Deutsche Numis, as its joint broker, alongside existing broker J.P. Morgan Cazenove, with immediate effect.

[essentialinvestor] 05/11/2024 00:04

A fat recent de-rating.

I make the forward multiple approx 13.5 X -
unless they reduce guidance.

[philanderer] 03/11/2024 14:43

Last week's acquisition

[philanderer] 15/8/2024 12:46

IMI Secures Multi-Million Euro Deal to Supply North Sea Project

IMI has secured a multi-million Euro deal to supply seven anti-surge valves to a major offshore upstream production facility in the North Sea.

[philanderer] 14/8/2024 08:51

Redburn starts IMI with 'buy' - price target 2,380 pence

[philanderer] 07/8/2024 18:00

xd tomorrow for the 10p dividend.

[philanderer] 06/8/2024 09:23

Hopefully cgart support around 1580p

[philanderer] 02/8/2024 15:03

Recession say the 'brains' stateside.

[philanderer] 30/7/2024 14:52

‘Buy’ IMI, says Peel Hunt


The valuation gap at engineering company IMI (IMI) presents a buying opportunity that ‘needs to be taken’, says Peel Hunt.

Analyst Harry Philips retained his ‘buy’ recommendation and target price of £23.45 on the Citywire Elite Companies + rated stock, which fell 0.1% to £18.56 on Monday.

Philips said the group delivers a ‘clear and proven investment proposition’ with revenue growth of 5% in the second quarter and a margin increase of 17.9%.

‘IMI is on the cusp of delivering its 5% organic revenue growth and 20% through-cycle [pre-tax profit] margin targets, based on forecasts that are conservative as they do not rely on a recovery in industrial automation or life technology, which are further away from delivery yet more highly rated,’ he said.

There is also a ‘valuation gap versus peers’, with the current 10% price-to-earnings discount to the 2025 sector average of 14.7 times being a ‘buying opportunity that needs to be taken’.



citywire.com

[philanderer] 26/7/2024 11:18

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 09:33

And well received.

CFO leaving next year.

[philanderer] 22/7/2024 13:22

Interim results friday.

[philanderer] 25/6/2024 22:59

The Telegraph

Questor: This valve maker could keep returns flowing

Questor says: buy

Ticker: IMI

Share price: £17.80

[philanderer] 25/6/2024 11:24

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

[philanderer] 03/6/2024 23:11

IMI introduces its first valve for urea applications