Imi Share Discussion Threads

[bluebelle] 24/1/2011 15:51

Must admit I've been surprised by the relative weakness recently. I think it is significantly undervalued : my valuation puts it at £12+.

[lyons909] 24/1/2011 15:00

Bizzare to see this share price down heavily today despite goldman upgrade.

[bluebelle] 24/1/2011 13:47

nellie
Do you know if Goldman have mentioned a target price ?

[nellie1973] 24/1/2011 13:28

Broker upgrade

[deanforester] 20/1/2011 17:14

Probably profit-taking today, after that long rise.

[bluebelle] 19/1/2011 21:14

No idea I'm afraid, wendsworth. I don't trade this one short term. As far as I'm concerned the outlook for the market and the sector is positive and this is an 'outperform' in that context, so am happy to hold.

EDIT : some relatively large price movements on a lot of these stocks on the back of smallish volume. I suspect PIs are shaken out on down days as they take profits in a still nervous market following a good run.

[wendsworth] 19/1/2011 20:41

Bluebelle : Why the late fall? Looking to buy back in if it drops back much further. Boy does this share move about a bit!

[bluebelle] 19/1/2011 08:56

Interesting. I have a target based on current metrics of a tad under £12.

[dasv] 18/1/2011 11:35

price momentum targets on daily point and figure to 1030, 1170p

Current Risk Reward 3.1 (assumes a stop at 900p)

[cockneyrebel] 18/1/2011 11:13

Breaking out today for a real breakout this time.

CR

[wendsworth] 16/1/2011 11:38

Bluebelle : Agree with your comment at post 122. Some inexplicable movement on this share since entering the FTSE.

Sold out Thursday morning. Set a limt sale at 998 ( wasn't sure it would break throgh the £10) and got 998.5.

Will monitor and look to get back in.

I'm a bit nervous about the market at the moment 'cause its had such a good run. Just have a feeling there will be some 'bad days at Black Rock' to come if only to generate some volatility.

[beckwith] 13/1/2011 10:42

Good news!

[bluebelle] 13/1/2011 10:34

CR

I suppose we should no longer be surprised that, based, as far as I'm aware, on no new information, a leading house suddenly realises that a FTSE 100 stock is undervalued by some 26% at last night's close. Still, if they were really on top of their game it would leave less for PIs !!!

[cockneyrebel] 13/1/2011 10:16

0856 GMT [Dow Jones] Bank of America Merrill Lynch upgrades IMI (IMI.LN) to buy from neutral and raises price target to 1150p from 930p, noting potential earnings upside, strong margin management and balance sheet options. Also says that on 9.4x 2011E EV/EBITA and 12.5x PE, the stock is attractively valued given the group's high returns and growth profile. Adds that IMI is well positioned relative to the sector given its low gearing and bolt-on acquisition strategy. Shares +5.6% at 961p, making IMI the biggest riser on the FTSE 100.

[bluebelle] 13/1/2011 09:30

Errrr............Yes !

[cockneyrebel] 11/1/2011 12:11

On the up today - gonna take that high out soon?

CR

[wendsworth] 23/12/2010 15:38

Just get the feeling the market expects a 'break-out' from the 940s ?

[bluebelle] 22/12/2010 14:14

They've gone up a bit since then but I generally agree with that assessment - I still like Weir as well !

[broadwood] 22/12/2010 14:07

IMI's shares may have risen by 80 per
cent, but compared with Weir the rerating
relative to expected profits has been
modest. The group has good market share
in niche markets and an increasingly lean
manufacturing base – as the relentless
margin improvements of the last decade
show. At 895p – 14 times 2010 earnings –
the shares still look cheap. Buy.

[wendsworth] 21/12/2010 20:15

Bluebelle: Good , solid consolidation at ever higher levels. Well said. Best to keep the champagne on ice until we break through the £10 barrier in the New Year!

[bluebelle] 21/12/2010 17:10

Well, so am I, Beckwith : a lot to be said for it, especially if it's accompanied by a large gin and tonic !!!

[wendsworth] 21/12/2010 15:36

950s ..tomorrow ?????