Impax Asset Management Share Discussion Threads

[rambutan2] 27/3/2007 12:04

share price remaining strong on good trades.

[rambutan2] 15/2/2007 23:16

someone bought 2.5m (ie over 2% of shares) today at 25.5p and we closed at 25-26.5p. quite a heady rise since the agm.

[robsy2] 14/2/2007 12:02

I have sold a few more this morning.The share price has come so far so quickly that I thought I'd cream some more profits off the top and re-balance my portfolio.
If past experience is anything to go by (see post 11)then you guys should take this as a buy signal!
All the best
Robsy

[bloodsports] 13/2/2007 15:41

Dont really mind the directors getting rewars so long as the shares keep going north.

[rambutan2] 12/2/2007 13:10

see that someone paid 23.5p ie 0.5p over the offer, for 250k this morning.

perhaps they noted the £55m aum added during dec/jan.

my understanding is that it wasn't qvt that objected to the options, but the management accepting that the fig was too near to the current share price after the continual rise this year.

i also understand the bridgewell (house broker) put out a note recently giving ipx a neutral rating and saying 20.5p was high enough. so, they continuing with their sparkling track record re ipx!

[rambutan2] 09/2/2007 16:29

At the Impax Group plc (the 'Company') Annual General Meeting held today, 9
February 2007 (the 'AGM'), the Chief Executive of the Company, Ian Simm,
reported that as at 31 January 2007, the Company had assets under management in
excess of £530 million, an increase of 11.6 per cent. over the £475 million
assets under management as at 30 November 2006, as stated in the Company's Final Results announcement on 11 December 2006.

Further, the Company is pleased to announce that at the AGM, all the resolutions proposed were approved by shareholders.

[bigboyo] 07/2/2007 19:36

REPEAT ---

greedy bastar*s !!

its noses in the trough like these that give pigs a bad name !!

good on the shareholders that oinked the piggies !!

[robsy2] 07/2/2007 16:00

Pure speculation but if you were the directors of a company that might be snapped up you would like to have a great short-term deal,especially if one or two of you are getting on a bit, whereas if you were a shareholder with a big stake you would probably prefer a long-term deal that ties in the people that matter thereby increasing the attractiveness and value of the company.

[rambutan2] 07/2/2007 14:31

no doubt one of the advantages of having QVT holding such a slug, and they are quite right too...

07 February 2007

Impax Group plc - Adjournment of EGM

A special resolution to authorise Impax Group plc (the "Company") to increase
the number of Ordinary Shares in respect of which awards may be made under the
Impax Group Employee Benefit Trust 2005 to 24,250,000 Ordinary Shares, was to be proposed at an Extraordinary General Meeting on 9 February 2007 (the "EGM").
However, following further discussions with shareholders of the Company, the
Board has concluded that it should design and put forward new long-term
incentive arrangements rather than seek approval for a variation of the existing arrangements.


Accordingly, the directors intend to seek an adjournment of the EGM to a date to be fixed in due course.

[rambutan2] 06/2/2007 23:16

agm is thurs.

the mkts have been rising.

ipx offers a unique proposition - the only listed environmental fund manager.

[robsy2] 06/2/2007 14:44

What did I tell you! The share price is very firm at the moment , I wonder if something is going on here ....

[bigboyo] 31/1/2007 09:07

greedy bastar*s !!

its noses in the trough like these that give pigs a bad name !!

[robsy2] 23/1/2007 16:49

I've sold a few this afternoon as well. I am a long-term fan of the company and still have a reasonable holding but needed some cash to invest elsewhere.
My feeling is that this is a good one to hold but that the share price is well up with events. So having unloaded a few I shall now sit back and watch the share price soar, You watch!

[david77] 22/1/2007 08:45

I've sold. They made over £500,000 profit then took out £300,000 to pay the difference between the market price (around 20p) and new shares issued (1p) for employees' and directors' incentive scheme leaving £200,000 for shareholders.

And I see that Keith Falconer's shares have gone up nearly 6 million - which I suspect were awarded from the employee's incentive scheme.

KF's new shares are worth around £1m - not bad for a company making £200,000 for shareholders.

[eriksay] 20/12/2006 09:54

ETF's -

Did you have anyone in mind? I have looked at some of the new (listed Sept 06) ETF Securities Ltd commodity based ones but I have not found anything that really covers alternative energy.

While I like the idea of ETFs - some are very thinly traded and have spreads to match. Years ago I invested in the UK listed Tech ETF, was it an iShares product - can't remember the name but I do remember the spread!

I do believe that there will be plenty of good opportunities in the alternative energy/enviornmental sector but there will be some disasters too. PI's have a choice between fund managers or going alone. Funds are fine if they have an advantage - like knowledge or have access to non-listed entities/ overseas markets where PI's find it difficult to invest directly. Anthony Bolton made his mark in Fid's Special Sits because he took an aggressive view where he thought it right not by spreading his exposure around the whole market.

I would like to see such a New Energy Special Situations fund (for want of a better name) that concentrates on the profitable, financially stable and growing companies in the sector (even if it only has a handful of hoildings). There will be lots of £££ made picking the small's who are loss making, debt ridden and have currently sub £1m turnover but there will be losses too.

My preference is to wait for a business to turn the corner and then I'll invest. Yes, I'll miss out on some £££ but hopefully I'll avoid the -£££'s too.

IPX does fit the bill for me and I may invest (a small amount) in the new year in my SIPP. If it grows further and profitability improves then I'll add to the position.

However, my main thoughts at the moment are what to do with 07/08's ISA contributions.

[david77] 20/12/2006 09:05

"In my experience, funds never live up to performing in line with their sectors, so perhaps I'll keep looking......"

You could consider ETFs - Exchange Traded Funds - track the sector - very low costs.

[eriksay] 20/12/2006 08:53

I was a little dissappointed when I looked at IEM (IPX's Investment Trust) - it has a shed load of holdings all at the 2.5% of fund and below - a novice could have put together such a portfolio. It is very much like an index and indeed if you plot it against the S&P500 ($SPX) the perfomance is similar in YTD in 2006.

The MNE on the other hand is much more concentrated with some holdings >5%. I prefer such specialist funds that take an agressive approach and back some of its holdings rather than spreading the risk and exposure to individual companies (though I accept that some would prefer the IEM aproach).

At present, I hold neither - I prefer direct investment in the companines themselves (which in the UK seem to be mostly on AIM) but I have been looking for main market exposure for my ISA. MNE may fit that bill but we'll see. In my experience, funds never live up to performing in line with their sectors, so perhaps I'll keep looking......

Y

[rambutan2] 20/12/2006 02:17

trullsenger, ipx is a fund manager, not a fund. mne is an investment trust fund. the investment trust that ipx run is iem.


here's iem's latest monthly...

[trullsengar] 20/12/2006 00:41

EDIT: I think I just answered my own question about the potential. I looked at the chart going way back to '97 and it WAS at 50p, so I guess the upside from here on in is still quite significant! ;o)

[trullsengar] 20/12/2006 00:36

Hi guys. I've just "discovered" this little beauty, but have yet to take the plunge and invest my admittedly tiny sum. It all looks very promising, certainly the rise from mid-2005 has been quite spectacular(!), but I checked out the long-term chart and noticed we're nearing the top of a big u-shaped valley. I've read through some of the posts on the old thread (mostly glowing, and justifiably so) but I was wondering if anyone could comment on the likelihood of the chart reaching unprecedented highs, ie. greater than 28p. The only other similar fund I've looked at - which really does look like this one's doppleganger - is Merril Lynch (Black Rock) New Energy (MNE) and I've invested a bit there. I have a small loss there at the moment, but it seems to be on a nice general up-trend.

Anyone think of any reason why IPX might not be valued like MNE (in the 50-60p range)?

Apologies if I seem like a complete novice, but I am. I've been dabbling in this share thing for just over a year now and apart from a few lucky strikes, notably ALK, I've made myself a fair bit poorer. Still, I'm looking to get into promising longterm plays, and IPX seems deserving...

Comments?

Cheers folks

[robsy2] 12/12/2006 16:40

Hello everybody
We'll hang out over here from now on then! Nice header!

Yes, predictably good progress, well signposted by the strong share price in recent months.I am really happy with the progress made and am sure there is more to come and plan to stick around. The only problem I can see in the short run is a possible difficulty finding investment opportunities that are attractive for the investors in the existing quoted funds.
The future may be in offering more specific funds, to a hungry international investment community and the annual report mentions the developments made in this area.
A combination of a flight to quality in the AIM sector and the increasing recognition in the marketplace that this is a well run,bite-sized company that would make a sensible acquisition + the fundamentals that underpin the business should keep the share price firm while we wait for news of further progress.

[rambutan2] 12/12/2006 00:30

ipx's listed investment trust (iem) releases a monthly fund commmentary which offers a good guide to where things stand in the world of impax...

[rambutan2] 12/12/2006 00:11

i've started a new thread with a clearer header - hope that's ok...

[rambutan2] 11/12/2006 22:56

Impax swings to FY profit; funds under management 'tripled in last 15 mths'


LONDON (AFX) - Impax Group PLC said it returned to profitability after
reporting a full-year pretax profit of 213,076 stg compared with a loss of
593,214 last time and an increase in funds under management to 434 mln stg
compared with 170 mln in 2005.

The AIM quoted investment company which focuses exclusively on the
environmental markets sector, added that subsequent to its year end figure funds under management have further risen to 475 mln stg as at Nov 30 2006.

A statement from the company added rising energy costs, unusual weather
patterns and concerns over climate change have reinforced the strong prospects
for the environmental sector.

Chairman Keith Falconer said: "Impax has enjoyed an extraordinary year with
funds under management having tripled in the past fifteen months. However,
following a period of rapid growth, it is important that we consolidate our
position and deliver returns for investors who have recently committed capital
to our products. As a consequence, the rate of expansion of our assets under
management is likely to slow for a period."