Share Name Share Symbol Market Type Share ISIN Share Description
Impax Asset Man 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
  -2.00p -1.24% 159.00p 157.00p 161.00p 161.00p 159.00p 161.00p 19,859 08:48:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 32.7 5.9 6.5 24.5 203.12

Impax Asset Man (IPX) Latest News

More Impax Asset Man News
Impax Asset Man Takeover Rumours

Impax Asset Man (IPX) Share Charts

1 Year Impax Asset Man Chart

1 Year Impax Asset Man Chart

1 Month Impax Asset Man Chart

1 Month Impax Asset Man Chart

Intraday Impax Asset Man Chart

Intraday Impax Asset Man Chart

Impax Asset Man (IPX) Discussions and Chat

Impax Asset Man (IPX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:28:45158.00122192.76O
10:11:05161.00500805.00O
09:25:36160.9010,00016,090.00O
08:58:34159.001,0241,628.16O
08:46:18157.004,2136,614.41O
View all Impax Asset Man trades in real-time

Impax Asset Man (IPX) Top Chat Posts

DateSubject
13/12/2017
08:20
Impax Asset Man Daily Update: Impax Asset Man is listed in the General Financial sector of the London Stock Exchange with ticker IPX. The last closing price for Impax Asset Man was 161p.
Impax Asset Man has a 4 week average price of 146.50p and a 12 week average price of 128p.
The 1 year high share price is 170.50p while the 1 year low share price is currently 59.50p.
There are currently 127,749,098 shares in issue and the average daily traded volume is 43,489 shares. The market capitalisation of Impax Asset Man is £203,121,065.82.
29/11/2017
17:42
martinthebrave: Graham Neary at Stockopedia specialises in Financials & he remains a fan: Impax Asset Management (LON:IPX) •Share price: 161.5p (-3%) •No. of shares: 128 million •Market cap: £206 million Final Results This is an environmentally-focused asset manager which I've written about several times this year. Unfortunately, I didn't have the spare funds to invest in it earlier this year, when it seemed quite cheap against its earnings and prospects. The value proposition is different now that the share price has trebled in a year: So today's slight dip in the share price is in the context of a company where great things have arguably already been priced in. The results are excellent, as expected. In the year to September, AuM increased by over 60% (we already knew this thanks to the Q4 update: Assets under management and advice ("AUM") increased 61% to a new peak of £7.3 billion (2016: £4.5 billion), rising further to £7.6 billion by 31 October 2017 Record net inflows of £2.1 billion across several strategies and geographies So inflows were responsible for three-quarters of the AuM, with market movements responsible for the rest. Note also that the $52.5 million acquisition of similar US outfit Pax World is set to complete in Q1 2018. This is a debt-funded acquisition which will increase the company's risk profile in the short-term, but could super-charge earnings per share in future years. The financial highlights below show the effect of operational leverage, as op. earnings rises at a much faster rate than revenue. It's worth bearing in mind, naturally, that inflows during the year will not have generated fees for the entire year. You only generate fees on average AuM, not on closing AuM. Revenue: £32.7 million (2016: £21.1 million) Operating Earnings: £7.9 million (2016: £4.2 million) Profit before tax: £5.9 million (2016: £5.2 million) What may be disappointing investors a little bit is the rather muted PBT figure. £1 million was spent on advice related to the Pax acquisition. £0.6 million has also been lost in FX translation of the value of foreign currency in advance of that deal. There are some more costs which are contingent on the deal completing. Without those costs, Impax would have reported a 44% increase in PBT - it just goes to show how expensive deals can be in the short-term, and why organic growth is so valuable. Overall, though, the results look satisfactory to me. A lot depends now on the deal successfully going ahead. I've warned previously about inflows being from a relatively small number of customer mandates. Today we get an update on the level of customer concentration here: Revenue from three of the Group's customers individually represented more than 10 per cent of Group revenue, equating to £5,243,000, £4,275,000 and £3,428,000 (2016: three, equating to £3,644,000, £3,267,000 and £3,003,000). As the company gets bigger, it will hopefully also become less risky, from an investment point of view, as customer concentration diminishes. For now, it is still quite heavily concentrated. One other thing that caught my eye - whatever about the rights and wrongs of climate change/anthropomorphic global warming, it sounds like Impax is excited about its investments in the sphere of resource efficiency. That's a sector which ought to do well, regardless of global climate change agreements: We see a proliferation of opportunities to invest in smart systems to manage inventory control, production lines and warehouse space, and to reduce transportation costs across most industries, most notably in consumer goods. We are also following the rise of blockchain technology, which has the potential to transform resource efficiency across supply chains. Outlook statement is confident. My opinion The market cap is around the same ratio compared to (pre-Pax) AuM as it was last time I covered it, c. 2.7%. Again, I consider that to be around average. The Pax deal increases the level of uncertainty but brings with it strong potential rewards. Overall, then, I have about the same opinion as I did last time. It's a nice company and I still think it has a positive future. The costs associated with integrating Pax may continue to weigh in the short-term, and the valuation is no longer obviously cheap against its peers.
29/11/2017
17:04
robsy2: Just for the record , I have taken profits today.With the share price at this level, the future will need to be stunning and so bright that we’ll have to be wearing shades! This company has come a long way in a short time and the valuation has gone even further, so i took some profits and sold half of my holdings.. It’s a hard one to call, because they are doing so well and they are going to continue to do well. This is a company with a big future but for me it is hard to justify the valuation. The valuation analysis is further (if nicely) complicated with te takeover, the deal looks sweet but hard to read. Whichever way you look at it, IPX is now priced to perfection in that there is no room for any setbacks ....and there are usually setbacks, so the next move may well be down. Taking profit will allow me to rebalance my portfolio which has become seriously skewed, due the stellar performance of IPX. I still have a sizeable holding and am happy to stay a long-term holder. R2
28/11/2017
12:40
firtashia: Results tomorrow, the share price is rising in anticipation.
19/9/2017
11:22
dan hol: Peel Hunt Report also out with a report suggesting a target price of £1.40. With some good AUM results due in october and some strong financials in dec we could be seeing £1.70+ share price by end of year.
05/6/2017
09:11
firtashia: Please accept my apologies for causing the share price to tank today; I bought in first thing this morning. My short term timing is always atrocious.
12/5/2017
13:35
martinthebrave: Graham Neary commenting on yesterdays Half Year results for Stockopedia. He is pretty positive - Impax Asset Management (LON:IPX) Share price: 93p (+2%) No. shares: 128m Market cap: £119m Half-year Report This report came out yesterday but a reader asked me to comment and since I follow the asset management industry, I thought I'd see if I could come up with a few words on it. Having a listen to the company's webinar on the results, it's a simple proposition: investment focused on resource efficiency and solving environmental problems. 30 investment professionals manage £6 billion in AuM from offices in London, Hong Kong, New York and Oregon. Food safety, air pollution and clean water are some of the big challenges and themes which the company works on. Momentum in AuM is fantastic at the moment, reporting six consecutive quarters of inflows and the following H1 movement: 59159a80191a1IPX_20170512.PNG Scrolling down to the income statement, I see that operating costs reduced to 77% of revenue for the period, compared to 83% in the comparable period in 2016. There is inevitably going to be profit-sharing with employees when you have a people business such as an asset management company, and variable staff compensation will usually rise with revenues, but you should still benefit from operating leverage as an investor and that reduction in % costs is the sort of thing to look for. Interim dividend increases 40% to 0.7p from 0.5p, and is covered three times. Balance sheet is fine, no debt and healthy cash reserves of £13 million (of which £6 million is a necessary "risk buffer", i.e. regulatory capital plus buffer). My opinion Sounds interesting, with the CEO talking about the capacity for £10 billion in AuM without the need for any new products. The current market cap is just 2% of AuM, which strikes me as rather low. Depending on their fee margins, many active asset managers trade at higher levels than that - for example, Jupiter Fund Management (LON:JUP) is currently trading at 5% of AuM. Of course, it's possible that Jupiter Fund Management (LON:JUP) is overvalued too, but I'd be inclined to think it's more likely that Impax shares are still too cheap, despite how much they've already risen.
14/2/2017
20:55
topvest: All looking very positive here given the AUM increasing sharply month on month. Share price is starting to pick up on the growth story.
10/1/2017
11:32
topvest: Short term maybe - this was known news anyway. But, I don't think the share price is up with events personally. Reasonably cconfident that the growth story will run on and they will get to £10bn under management within 3-4 years. What would that do to profitability? Not valued as a growth share really.
06/12/2016
08:57
robsy2: Analysis of Impax(IPX), using Jim Slater’s Zulu Approach 1. Five Year Record (5 years positive earnings growth) YES 2. Low PEG Factor (PEG below 1 – eg. a 10% eps growth on a PE of 10 or less) YES…. year end 30.09.16 PEG = Current PER / profits growth PER = 52.75(sp)/3.62(fdeps) = 14.57 PEG = 14.57/ 16* =0.875 So just about a buy if <0.75=BUY) *Profits growth of 16% based on growth in fdeps from 2015(3.13p) to 2016 (3.62p) 3. Optimistic Chairman's Statement YES, optimistic. 4. Strong Financial Position YES. 10.5m GBP of distributable cash on the B/S cash after seed investments, provisions, share purchase obligations etc are taken into account. Strong cash flow, no debt. 5. Competitive Advantage YES.A focused, scale-able business model that is expanding rapidly, great operational leverage, very strong reputation, excellent product performance.AUM growing rapidly. 6. Something New YES. Less dilution going forward, starting to become a serious dividend payer, the new investments that have held back earnings of late now give IPX strong operational leverage going forwards. Legislation & investor appetite are pushing business their way. They have the expertise, smart distribution and keen pricing. 7. Small Market Capitalization (a small cap stock - anything in the FTSE250 or above is out) YES.MC £67m at 52.75p.Looks good value. 8. Relative Strength (as in the share price movement compared to the FTSE All Share Index) YES. 12 month share price +30%, compared to FTSE All Share Index +10% 9. Dividend Yield YES. 2.1p = 4% based on 2016 results, (2015 divi 2.1p included special divi of 0.5p. 10. Reasonable Asset Position YES. The balance sheet is very strong, room for more special dividends. 11. Management Shareholding YES. Don’t get me started…They have been very generous with themselves in the past so they are now motivated to get the share price up and the dividends up. CONCLUSION This analysis is based on the Jim Slater 11 point test to find underrated shares. It scores 11/11 so the share is underrated! NOTE: Remember shares can go down as well as up. This is not to be read as a recommendation to buy this share. It is simply an explanation of why I bought. Dilution Worries Senior management has been very generous with themselves over the years. Apart from fat salaries, they have awarded themselves lots of free shares. I sold in disgust some time ago because of this issue. Now the directors have loaded up on free shares, they will no doubt focus on dividend payments and improving the share price performance which has been lackluster to date The time looks right now so I am happy to be back on board again.
11/10/2016
17:58
robsy2: Update from yesterday Analysts At Peel Hunt Retained Impax Asset Management Plc (LON:IPX) As Buy Today analysts at Peel Hunt retained Impax Asset Management Plc’s (LON:IPX) shares as ‘Buy’ in a report released to investors. According to Peel Hunts price target of 63 on the company’s stock this indicates the broker now believes there is an increase of 28.21% from Impax Asset Management Plc’s current price of 49.14. LON:IPX In the last year Impax Asset Management Plc’s stock price has increased by 0% from 0.00 to 49.14. The number of Impax Asset Management Plc shares in issue is 106,725,000 which have a current share price of 49.14 bringing Impax Asset Management Plc’s market capitalisation to 52.44M GBp. The 52 week high of shares in Impax Asset Management Plc is 53.13 while the 52 week low for the company’s shares is 40. The businesses 50 day moving average is 49.41 and its 200 day moving average is 48.66. Impax Asset Management Group plc is a United Kingdom-based investment company, with assets under management and advice, primarily for institutional clients through both listed and private equity strategies. The Company is engaged in investment management. The Company operates through three segments: Listed Equity, Private Equity and Property. Its investments are focused on a small number of deeply researched global equity strategies across energy efficiency, alternative energy, water, waste/resource recovery, food and agriculture related markets. The Company offers professional and institutional investors exposure to a range of global and regional equity strategies, including specialists, leaders, water, food and agriculture, and Asia-pacific. It works with sectors, such as energy, waste, and sustainable food, agriculture and forestry. Its subsidiaries include Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax New Energy Investors (GP) Limited.
Impax Asset Man share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20171213 13:11:07