Imi Share Discussion Threads

[veg man] 05/2/2011 11:41

Nice posts.
As a newbie to IMI I find them very friendly and reassuring.
Excellent thread.

[wendsworth] 04/2/2011 11:19

Results scheduled for 3rd March.

[eater24] 03/2/2011 16:03

i agree i originally bought in some time ago 270 mark but sold way to early and just watched as it powered on , back in now and will hold

[wendsworth] 03/2/2011 15:52

eater : It was ..it is !

A family friend advised me to buy into these.As he's a 'bit of a shrewdie' ..I did! I discussed the recent volatility in the company's share price with him this w/e and he's 'heard whispers' , although he wouldnt say from whom (!), of possible stake building in IMI. Was that the reason for this week's RNS ...which on the face of it seemed routine...i.e. the rminder to disclose large holdings over the threshold. Coincidence? Who knows! What i have noted over the past 30 years investning is that the prelude to corporate activity is often typified by 'unexplained ' share price volatility.

I've already made on this share having sold my original investment at 998, but I'm now back in looking for well north of £10.

[eater24] 02/2/2011 13:43

ticking down today , thinking this could be a good entry point

[bluebelle] 01/2/2011 15:32

Despite recent weakness in this and several others which I hold and which had good runs last year, I've sold nothing. I'd always expected something of a correction in January but I have at least a medium term timescale on the likes of IMI and remain (this will kill the rally if nothing else does !!!) moderately bullish about the market overall, and this sector and stock in particular.

I do think that sector and stock picking is crucial in these markets and I'm continuing to focus on companies with a good management track record; export led growth potential and solid balance sheets based on a sound cash position and good cash flow, hence the continued attraction of IMI. Obviously a higher yield would be great but based on the price I originally paid I'm not complaining : they do have a progressive dividend policy and as long as they maintain this sort of pay out, I'm happier seeing more cash being reinvested into R&D than being paid out to shareholders.

[wendsworth] 01/2/2011 15:00

Veg Man : Core hold for me too!

[veg man] 31/1/2011 20:49

Thanks Bluebelle,nice appreciated post.

[bluebelle] 31/1/2011 10:14

1. No one ever knows !

2. Depends on your time scale. There was bound to be some profit taking when some nervousness appeared in the markets (rioting Egyptians don't really help either), but, as I've said before and elsewhere, it's all been based on low volume so the next leg up could come equally strongly.

For me this is still a core hold.

[veg man] 31/1/2011 09:59

My word did I do wrong

[bluebelle] 28/1/2011 11:43

One of "The 22 stocks our experts would buy now" in Money Week today : chosen by Colin McLean of SVM Asset Management, along with Croda & Yule Catto (I hold neither of those, although I have in the past).

[veg man] 27/1/2011 11:20

Bought today at 924 hoping I have done the right thing.
One never knows.Things look right to me.

[rampmeister] 26/1/2011 23:30

Bought in today. Nice to see optimistic bb. Understand growth in eps may surprise on the upside when March numbers released.

RM

[bluebelle] 26/1/2011 14:33

Yes, signs of a move back to quality today, albeit for the most part on the sort of small volumes involved in the shake out.

[wendsworth] 26/1/2011 11:42

Lovely! This is a great share to be in at the moment. Upgrades really stasrting to 'kick-in'. I'm confident that this time the share price will break through the £10 level .

[wendsworth] 25/1/2011 14:26

Bluebelle ; Nice little rise back up this p.m.

[dasv] 25/1/2011 11:22

FWIW I think the IMI chart looks a lot healthier than many others. P&F targets are uniformly to the upside on daily and hourly charts with various box sizes.

p.s. the optimised trailing stop on my system was hit though at 902p. The best fit stop is wider at 760p

[bluebelle] 25/1/2011 10:45

dasv
Quite understandable : none of us ever knows for sure whether we're right or wrong until way after the event ! Personally I've found these markets difficult to read for some time now and wouldn't even try and forecast where we are going to be in a few months time.

[dasv] 25/1/2011 10:37

Bluebelle - yes I read about the volume issue only this morning - as I said, I hope I am wrong, and if I am I will be buying back. I think I've just got a bit jumpy after having a pretty good run.

[bluebelle] 25/1/2011 09:20

dasv - 24 Jan'11 - 16:33 - 137 of 140

I can see where your coming from if your a price-based chartist but last weeks volatility was based on very low volume. After rises like this there are always some who are going to take profits but as far as I can see - famous last words ! - the story hasn't changed.

[dasv] 24/1/2011 20:53

a few defensives today attracted money. I honestly don't know what the instis are doing. Could be just a blip not a trend change. I hope its the former not the latter.

[apad] 24/1/2011 20:08

dasv
Where do you think the Institutions' money is going?
apad

[wendsworth] 24/1/2011 19:49

Bluebelle : Back in following the two recent upgrades from Merrill-Lynch and GoldmanS. ..both buy from neutral. I don't have the target prices for either.

[dasv] 24/1/2011 16:33

I sold out of my FTSE250/100 momentum stocks GKN, MRO, IMI, FXPO etc. on Jan 20. Also sold out of most of my gold miners and physical gold. Only reason was the charts looked weak and trailing stop levels were hit.

[apad] 24/1/2011 16:11

Bought a few more at lunchtime - so I'm on your side!
But, this is not at all surprising considering the run they have had all year.
Most of the engineers that have enjoyed such a rise are dropping due to profit taking. Check out WEIR etc.
£9.50 is too tempting for traders, given the graph since early Dec.
Having bought some more I'd like to see it bounce off the 50day moving average.
I'd buy some more at £8.50 but expect the share price to bounce around between £9 and £9.5 (given a steady market) until there is some news from the company.
Bluebelle, how do you calculate £12? PE of 30 for a FTSE100 company would be stellar.
apad