Imi Share Discussion Threads

[cockneyrebel] 02/12/2010 14:36

The way these are cutting through the up-trend resistance these are going to be a tenner in no time imo.

CR

[cockneyrebel] 02/12/2010 12:45

These have broken through the uptrend resistance in the past two days - suggests they are about to start making a steeper chart.

CR

[wendsworth] 02/12/2010 08:26

Veg Man : You're SO right!

Beckwith : Much more juice in this lemon.Only my view!

[beckwith] 01/12/2010 16:37

If only we knew yesterday what we know today! Glad I didn't sell.

[veg man] 01/12/2010 11:30

Yesterday was a time to buy.But then yesterday always is.

[beckwith] 30/11/2010 16:58

What makes you think it is time to sell?

[barrygibb] 30/11/2010 13:11

time to sell me thinks
BG

[u813061] 01/9/2010 13:56

And again today

[deanforester] 26/4/2010 17:11

Another sharp rise today.

[killieboy] 23/4/2010 15:31

Keep an eye on BOY as well - sector is flying.

[beckwith] 22/4/2010 14:15

Up ,up and away. I am sure they will keep going higher for a while at least. Might struggle past 750p though IMHO.

[killieboy] 22/4/2010 11:14

Is this easy money or what!! More to come IMHO.

[deanforester] 17/3/2010 16:28

I've taken some profit today, but they are still going up.

Sold 1/4 at 641p, having bought at 254p a year ago.

[deanforester] 08/3/2010 17:11

They're off again. Up 3.4% today.

[deanforester] 04/12/2009 17:32

On the move again, up 37p on the week.

[eater24] 11/11/2009 09:13

bit confused ,buys much higher than sells , price dropping any idea why?

[cerrito] 10/11/2009 10:17

The view of Questor in the Telegraph
the economy could hit the group. And so it proved.

Soon after we tipped the company as a buy in March 2008, shares fell from 528p to a low of around 220p.

However, the company is bouncing back and is looking like a solid recovery play.

Yesterday it brought forward an interim management statement from November 18 to say that its earnings for 2009 are likely to be "materially" ahead of the market's current consensus figures.

The shares leapt by 69.7p to 529½p.

IMI said that revenues are around 18pc lower than last year at constant currency levels.

However, the actions its management has taken to mitigate the profit impact of lower revenues are continuing to have a positive effect.

The company said that low-cost sourcing initiatives and value engineering programs have reduced material prices in the year to date by around 5pc. Meanwhile, lower average metal prices have also produced margin benefits.

The group also has continued its programme of transferring more production to low-cost economies.

These actions will benefit both operating margins and earnings per share over the year and the overall levels of demand are broadly stable, although Europe remains subdued.

City analysts were impressed. Arden Partners said that the main areas of strength were the Fluid Power and Indoor Climate divisions.

The broker described IMI as a "bellwether engineer".

Earlier this month RBS said that between 2004 and 2008 IMI resembled a curate's egg – good in parts.

It believes that its drinks dispensing business will achieve better growth than it has been seeing, which makes IMI a more compelling investment case than it was.

Some analysts in the City say that their 2010 estimates remain on the conservative side due to potential headwinds in IMI's so-called later cycle businesses.

A lot depends on the speed of recovery of construction in the private sector.

The shares are yielding around 4.5pc and we think that they offer good value. Buy.

[cerrito] 10/11/2009 10:15

The view of Tempus in the Times
IMI, which supplies hydraulic controls for trains, is running ahead of time.
Yesterday's year-end trading update was released more than a week ahead of schedule. More important, the FTSE 250 engineering conglomerate said that current-year profits would be "materially ahead" of forecasts. With IMI set to deliver this year the earnings that the City had expected in 2010, its shares surged by more than 15 per cent.
If there is a disappointment, it is that, like others in its sector, IMI's recovery is being driven by lower costs rather than higher sales. The company acted swiftly to cut overheads, laying off 2,500 staff in the 12 months to June 30 - 16 per cent of its total headcount - and putting a further 3,700 on short-time working. It has also taken advantage of lower demand to accelerate the shift of production to lower-cost countries, such as China, India and the Czech Republic, while its factories were running below capacity. And it has benefited from cost reductions outside of its control, largely in its indoor climate division, which makes ventilation and cooling equipment, where it has been assisted by lower copper prices and raw material hedging contracts that were struck near the bottom of the market.
The result is that IMI will produce record operating margins of more than 14 per cent in the second half of 2009, suggesting that recession has done nothing to knock the company off course in meeting its long-term target of 15 per cent.
The broader encouragement is that IMI has been able to hold its prices firm - they are up between 1 per cent and 2 per cent across the group - and that there are tentative signs of a pick-up in orders in recent weeks (although these are mostly confined to its fluid power operations in Asia and North America). Overall, orders are down 12 per cent year-on-year, compared with the 20 per cent decline reported in June. Further, although IMI's heavy-duty valves business has been hit by the postponement of capital spending on oil and gas facilities, its interests in power generation are showing signs of life.
Yesterday, IMI said that its CCI subsidiary had won its largest order in the nuclear sector, a deal with an undisclosed customer worth £55 million over eight years. The company will not start shipping valves until late 2010, but the nuclear contracting world is tight-knit and IMI's ability to seal a deal at a time when nuclear new-build programmes are gaining momentum - witness yesterday's government approval for ten possible sites in the UK - augurs well for future sales.
At 529½p, IMI's shares have surged 87 per cent since July. However, on raised 2010 earnings forecasts, the shares still trade on only 11 times next year's numbers, not dear given the scope for further upgrades. The 4.2 per cent prospective dividend yield also appeals. Hold on.

[redips2] 09/11/2009 15:57

nice-- top sliced £8k for something tomorrow, or whenever they go down

[eater24] 09/11/2009 11:38

some big buys going on this morning so a good deal of optimism here seems to have broken into a new trading range 600 would be great

[dasv] 09/11/2009 10:22

brilliant numbers - well done deanForester. I didn't follow my own advice and didn't buy. :(

[deanforester] 09/11/2009 09:53

The IMS seems to have woken the market up, with a rise of about 14% to 527p at one stage. Drifting down slightly now.

I have to admit to having bought in at 264p in March, so I am well chuffed.

[eater24] 05/11/2009 15:53

ive just bought back into these at 420 after it seemed to break the 430 mark its going back up now 452 how far it can go not sure. good to see an imi thread with some recent posts you dont get too much bb discussion with this one . gl to all holders

[dasv] 23/9/2009 10:47

I guess now that the share price is above the Merrill target it's "fair value" - PE 10, dividend circa 5%. The real question is the potential for upside from here.

The technicals point to it - but it's a question of what premium the market will put on the shares. If Honeywell displayed further interest we could see some proper upside here.

[dasv] 23/9/2009 10:33

Found these on a technical screen last week (rising on balance volume point ad figure double top breakout). Finally looked at the fundamentals today.

here is my post from the ZULU thread

---------

IMI anyone?

Graphical summary


Broker estimate PEG of 0.4


Annual figures (current gearing 567%?)


Decent daily active target - upside predicted


Daily candlestick


half year report:-