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IPX Impax Asset Management Group Plc

464.50
-2.50 (-0.54%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Impax Asset Management Group Plc LSE:IPX London Ordinary Share GB0004905260 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -0.54% 464.50 461.50 464.00 467.50 447.00 447.00 328,690 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 178.64M 39.22M 0.3057 15.18 595.42M
Impax Asset Management Group Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker IPX. The last closing price for Impax Asset Management was 467p. Over the last year, Impax Asset Management shares have traded in a share price range of 350.00p to 871.00p.

Impax Asset Management currently has 128,322,278 shares in issue. The market capitalisation of Impax Asset Management is £595.42 million. Impax Asset Management has a price to earnings ratio (PE ratio) of 15.18.

Impax Asset Management Share Discussion Threads

Showing 176 to 199 of 950 messages
Chat Pages: Latest  14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
20/9/2007
15:47
Rambutin
Are these funds quoted anywhere?If so do you have the epic codes?

robsy2
19/9/2007
23:49
just out of interest...

Clean Resources Asia Management Pte Ltd. manages two funds that aim to take advantage of the Asia-Pacific region's proliferating trend towards greater energy and resource efficiency; Clean Resources Asia launched on 7 August 2006 and Clean Water Asia launched on 1 May 2007.

rambutan2
18/9/2007
12:06
hi russian,

yes i share your worry re mkts in general. i am still keen on commodities across the board though, even if only to take advantage of the collapsing dollar. have you looked at ced as a discounted way to partake?

i'm v happy to hold ipx as a long term play on the "green supercycle" and think that raising £100m in these mkts is really shouting out a message to those who look.

rambutan2
18/9/2007
10:57
hi rambutan2

I am a bit worried generally about markets, as seen by the madness surrounding Northern Rock, but am perfectly happy to be holding Impax. When everybody calms down, the carbon is still being burnt, and environmental funds are the place to be. Slightly fallen to 25/26p but I reckon this will be 40p plus within 12 months.

Raising 100m in this market is astoundingly good.

russianlinesman
17/9/2007
20:32
pretty stonking, all things considered...

17 September 2007


PLACING OF C SHARES BY IMPAX ENVIRONMENTAL MARKETS plc

As announced this afternoon by the board of Impax Environmental Markets plc
("IEM"), the closed end investment company that is managed by Impax Asset
Management Ltd, a subsidiary of Impax Group plc, IEM anticipates raising
proceeds in the region of #100m through a proposed issue of C shares (the
"Issue") which is expected to take place on 18 September 2007.

A further announcement will be made detailing the final result of the Issue.

rambutan2
09/7/2007
22:14
my £25-50m estimate is looking conservative!


9 July 2007


On 13 June 2007, the Board of Directors of Impax Environmental
Markets plc (the "Company") announced that, in light of continuing
demand from both existing shareholders and potential new investors,
the Company was considering the possibility of raising new monies
through the issue of C Shares.

Today, the Board is pleased to announce proposals for a placing, open
offer and offer for subscription of C Shares (the "Issue") which will
convert into Ordinary Shares, to raise up to £140 million before
expenses. Under the open offer, it is the Board's current intention
to offer one C Share for every three Ordinary Shares held by existing
shareholders on the record date under the open offer. The Issue is
not being underwritten.

The Issue will be subject, inter alia, to shareholder approval at an
extraordinary general meeting of the Company.

The Company is a London-listed investment trust which seeks to enable
investors to benefit from rapid and sustained growth in the markets
for cleaner or more efficient delivery of basic services of energy,
water and waste. Investments are made predominantly in quoted
companies which provide, utilise, implement or advise upon
technology-based systems, products or services in environmental
markets, particularly those of alternative energy and energy
efficiency, water treatment and pollution control, and waste
technology and resource management.

The Company's investment manager is Impax Asset Management Limited
("IAM"). The sliding scale management fee payable to IAM has been
revised, conditional upon the Issue proceeding, so that in addition
to the existing 1% payable on the first £200 million of the Company's
net assets and the 0.9% on net assets in excess of £200 million, the
fee will reduce to 0.825% on net assets in excess of £300 million to
£400 million and 0.8% thereafter.

The Company currently has undiluted net assets of approximately £282
million.

Proposed Timetable:

July/August Marketing roadshow

Mid August Publication of the prospectus

13 September Placing, Offer for Subscription and Open
Offer close

20 September Extraordinary General Meeting

21 September C Shares listed

rambutan2
15/6/2007
13:50
of general interest re water shares, which one of ipx's 3 investment themes (the others being waste and energy)...
rambutan2
13/6/2007
21:29
must be fairly certain otherwise wouldn't rns it - can't imagine it would be for anything less than £25m as long as mkts don't do a serious dive (last july they raised £66m)...

IMPAX ENVIRONMENTAL MARKETS PLC

POSSIBLE FUNDRAISING
13 June 2007

Further to the issue of 17 million ordinary shares on 22 May 2007
pursuant to the Company's general authority to allot, the Board of
Directors of Impax Environmental Markets plc (the "Company")
announces that, in light of continuing demand from both existing
shareholders and potential new investors, it is considering the
possibility of raising new monies through an issue of C Shares.

The Company is a London-listed investment company which seeks to
enable investors to benefit from rapid and sustained growth in the
markets for cleaner or more efficient delivery of basic services of
energy, water and waste. Investments are predominantly in quoted
companies which provide, utilise, implement or advise upon
technology-based systems, products or services in environmental
markets, particularly those of alternative energy and energy
efficiency, water treatment and pollution control, and waste
technology and resource management. The Company currently has net
assets of approximately £275 million.

Further details as to the timing and amount of any C Share issue will
be made in due course if the Board decides to proceed.

rambutan2
11/6/2007
09:53
What do you want to know? they recruited a person from NU to try and develop the IFA side, they are looking to use Cofunds and a couple of other platforms, i told them to look at fidelity as well, but im guessing going forward you should be able to gain access from several platforms.

The general gist is people like the proposition, coupled with the fact that all we here about are green issues day in day out. They are more unique than SRI funds and the companies they invest in will have a greater impact on the environment, time will tell.

davide1976
11/6/2007
09:43
Hi David
You say "Impax are also making a push to Independant financial adviser sector to generate further inflows, currently the people using are institutions and knowledgable traders."
got any more info on that It is my lne of work.
R

robsy2
11/6/2007
09:39
I know this company very well and are piling cash left right and centre into it.

One thing i do know is that they might soft close funds in order to restrict inflows of money, we are a little way of this, but is seems a sensible thing to do. Look what happened to the fidelity Special Sits due to unmanageble size.

Impax are also making a push to Independant financial adviser sector to generate further inflows, currently the people using are institutions and knowledgable traders.

In my opinion, this company will go from strength to strength and the share price will reflect. the outlook is rosey though.

davide1976
04/6/2007
21:55
Australian Ethical Investment Ltd announces a 4.27% stake - just the sort of shareholder that ipx should be attracting...




(the aussies added 1.5m at 25.5p on 18/05/07)

rambutan2
22/5/2007
23:16
hi russian,

hope you are well yourself. i got a little worried after the finals as the chairman appeared too be taking too conservative a stance and i think that ipx has to really go for growth and get to a £1bn fum as quickly as possible, otherwise they are just too small. however, growth has continued nicely and in the interims i detect a more aggressive stance. it's no longer a value story but there is great growth potential if they take it.

rambutan2
22/5/2007
15:45
Yes easily the best share I have ever owned. It all looks to going well.Managing money is a wonderful money earner for the money managers.
robsy2
22/5/2007
12:28
Got to say the results very impressive. The big thing is the costs dont rise much with extra money under managment. As stated they are in a fashionable area at the moment and making nice money.
bloodsports
22/5/2007
06:50
hi rambutan2,

Hope you are well. Have some of these in my SIPP, though far less than I used to hold. I worried myself into selling all those I'd bought for 9-13p because I was expecting huge selling pressure when the convertibles all converted at 5p a share, but seems like pretty much everybody just kept the shares.

Great results. Wonder if I shouldn't swallow my pride and buy some more.

russianlinesman
21/5/2007
21:41
Impax Group plc

Interim results for the six months ended 31 March 2007

Impax Group plc, the AIM quoted investment company which focuses exclusively on
the environmental sector, today announces its interim results for the half year
ended 31 March 2007.

Highlights

* Strong growth in assets under management from #430m on 30 September 2006 to
#637m on 31 March 2007 and to #687m on 15 May 2007.

* Continued out-performance against global equity markets of the quoted
equity funds that the Company manages.

* Significant inflows of capital, providing further evidence that investors
are attracted to the environmental sector and are seeking to outsource to
focused, experienced investment managers such as Impax.

Commenting on the results, Keith Falconer, Chairman said:

"Evidence is mounting that global climate change is a pressing international
issue requiring urgent government attention. Against this backdrop, I am
pleased to report that Impax has made further significant progress in building
on our established reputation as one of the leading investors in the
environmental sector."

rambutan2
21/5/2007
20:45
and mkt obviously agreed!

also noted that the open ended fund (OEIC) now has assets of £135m, up from £74m in jan...

rambutan2
17/5/2007
20:38
sounds a good idea to me!

The Board of Directors of Impax Environmental Markets plc announces
that it is considering an issue of up to 17,000,000 Ordinary Shares
pursuant to the Company's general authority in order to meet ongoing
market demand. Any issue of Shares will be at a price no less than
the prevailing Net Asset Value after taking account of the costs and
expenses of the issue.

rambutan2
28/3/2007
10:23
noteworthy...

Some 32 stocks from eight sectors will make up the inaugural list of members in ABN Amro's new Climate Change & Environment index.

The index will include companies active in business directly related to tackling climate change and environmental degredation.

Specific targets would involve activities designed to reduce carbon emissions through use of renewable energy, those designed to manage water and waste, adn those aiming for reduced toxicity of air and water through catalytic processes.

The Dutch bank says the development of the index means it will be possible for investors to trade index-based securities such as "tracking certificates", exchange traded funds, capital protected and other structured products.

"Further potential developments include a collateralised debt obligation based on the credit ratings of the index constituents," the bank adds.

Rebalancing would take place twice per year, making use of relative weightings.

The index sectors comprise (including relative weighting):

- Water 25.0%
- Waste Management 20.0%
- Hydroelectric Power 10.5%
- Platinum & Palladium 10.0%
- Wind Power 10.0%
- Geothermal & Alternative Fuels 8.5%
- Ethanol 8.0%
- Solar Power 8.0%

Constituent members of the index (with relevant sector and weighting) would include a number of UK companies:

- Cosan Industria e Comercio (Ethanol 4.00%)
- VeraSun Energy (Ethanol 4.00%)
- Abengoa (Geothermal & Alternative Fuels 2.13%)
- Ormat Technologies (Geothermal & Alternative Fuels 2.13%)
- Energy Conversion Devices (Geothermal & Alternative Fuels 2.13%)
- Headwaters (Geothermal & Alternative Fuels 2.13%)
- Scottish & Southern Energy (Hydroelectric 2.63%)
- Cia Energetica de Minas Gerais (Hydroelectric 2.63%)
- AEM AEM (Hydroelectric 2.63%)
- Tractebel Energia (Hydroelectric 2.63%)
- MMC Norilsk Nickel (Platinum & Palladium 2.50%)
- Anglo Platinum (Platinum & Palladium 2.50%)
- Impala Platinum Holdings (Platinum & Palladium 2.50%)
- Lonmin (Platinum & Palladium 2.50%)
- Renewable Energy Corp (Solar 2.00%)
- Suntech Power Holdings (Solar 2.00%)
- Q-Cells (Solar 2.00%)
- Solarworld (Solar 2.00%)
- Suez (Waste 5.00%)
- Waste Management (Waste 5.00%)
- Republic Services (Waste 5.00%)
- Allied Waste Industries (Waste 5.00%)
- Veolia Environnement (Water 6.25%)
- Geberit (Water 6.25%)
- Severn Trent (Water 6.25%)
- Kelda Group (Water 6.25%)
- Vestas Wind Systems (Wind 2.50%)
- Gamesa Corp Tecnologica (Wind 2.50%)
- Nordex (Wind 2.50%)
- Clipper Windpower (Wind 2.50%)

rambutan2
27/3/2007
16:14
our investment trust releases prelims...
rambutan2
27/3/2007
16:10
yep no stopping this one!
robsy2
27/3/2007
11:04
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.
rambutan2
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