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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Impax Asset Management Group Plc | IPX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 241.00 | 12:20:35 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 241.00 | 239.00 | 244.00 | 241.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/11/2024 | Final | GBP | 0.229 | 20/02/2025 | 21/02/2025 | 21/03/2025 |
| 29/05/2024 | Interim | GBP | 0.047 | 13/06/2024 | 14/06/2024 | 19/07/2024 |
| 29/11/2023 | Final | GBP | 0.229 | 08/02/2024 | 09/02/2024 | 22/03/2024 |
| 31/05/2023 | Interim | GBP | 0.047 | 15/06/2023 | 16/06/2023 | 21/07/2023 |
| 30/11/2022 | Final | GBP | 0.229 | 09/02/2023 | 10/02/2023 | 21/03/2023 |
| 01/06/2022 | Interim | GBP | 0.047 | 16/06/2022 | 17/06/2022 | 22/07/2022 |
| 02/12/2021 | Final | GBP | 0.17 | 10/02/2022 | 11/02/2022 | 31/03/2022 |
| 27/05/2021 | Interim | GBP | 0.036 | 10/06/2021 | 11/06/2021 | 16/07/2021 |
| 03/12/2020 | Final | GBP | 0.068 | 18/02/2021 | 19/02/2021 | 26/03/2021 |
| 04/06/2020 | Interim | GBP | 0.018 | 11/06/2020 | 12/06/2020 | 17/07/2020 |
| 04/12/2019 | Final | GBP | 0.04 | 20/02/2020 | 21/02/2020 | 27/03/2020 |
| Top Posts |
|---|
Posted at 19/12/2024 16:02 by brucie5 Finger in the air? Between here and £2 is as good a bet as any.LIO adding. But no director as yet buying. Passes two good value screens on Stocko, where it also usually well reviewed by Graham - somewhat to his own embarrassment! Lots of thoroughly depressing commentary - has everyone not sold yet? -and the loss of a major client, which recently sent the share price down about 25%. But it continues to do business and has a niche, which contrary to what some say, is unlikely to go away, so long as there is connection between the purposes of wealth and the management of the planet. I would say that the risk of buying this kind of share at this time in the cycle is at least equivalent with the risk of buying a momentum stock on basis that someone will pay you more to take it off your hands. Nothing is certain, bar death and taxes; but even given a cut to the historic dividend I imagine we will be paid something for waiting. Rather analogous to holding LIO; or ASHM, which specialises in EM. Eventually the markets will turn and the survivors will prosper or be taken over. IMO, DYOR. |
Posted at 19/12/2024 14:04 by brett conway What are people's views on an entry point to IPX ATM? Would you say that this is a good buy at current levels? |
Posted at 13/12/2024 10:12 by brucie5 Now on the catastrophic value watchlist, like STB. If it falls to £2, which I think it might, it will be at COVID lows. Presumably there's still a business here with a niche. In which case it will rise again in due course. But expect the dividend to be cut. |
Posted at 13/12/2024 08:53 by pinemartin9 The dividend will have to be cut too... |
Posted at 28/11/2024 07:47 by edmonda "Solid FY24 results, triggers to reignite growth visible"AUM was down a touch by 0.5% in FY24 (1 Oct 23 - 30 Sep 24) to £37.2bn. Net outflows totalled £5.8bn, largely offset by a positive investment performance of +£5.3bn and a contribution of +£0.3bn from the acquisition of fixed-income specialist Absalon Capital Management in Q4. With average AUM also slightly down, revenue fell 4.7% to £170.1m. Adjusted operating costs were firmly under control and decreased by 2% from £120.3m to £117.4m, helped also by Impax’s incentive-based remuneration model. Adjusted operating profit fell 9.3% to £52.7m, a still-solid operating margin of 31.0% (FY23: 32.6%) and slightly higher than forecast (£52.2m). Impax generated £49.2m of cash from operations (FY23: £36.7m) with a strong balance sheet and robust cash reserves of £90.8m (FY23: £87.7m), despite paying £36m in dividends. It has no debt. The full-year dividend is unchanged at 27.6p, a yield of 8.6% on the prior closing share price. It has been a tough two years re flows for sustainable funds, active funds, and for Impax, with its growth trajectory flattening during this period (although AUM is still 146% higher than five years ago: £37.2bn v £15.1bn at the of FY19). However, we think there are pending triggers for inflows to return. We reduce our fundamental valuation to 700p per share (from 750p) but note this is still more than double the closing share price. Link to research: A reminder that we are hosting an Investor Presentation webinar with management this afternoon at 3pm - you can register to sign up here: |
Posted at 10/7/2024 08:51 by riverman77 Continued large outflows show no sign of abating. IPX was a big beneficiary of the sustainable investment bubble of recent years ago, but frankly don't see this coming back into fashion - one to avoid for time being. |
Posted at 29/5/2024 10:27 by edmonda Hi Yogi, I believe you have read it incorrectly - the range has been replaced with a payout policy of 'at least' 55% from profits after tax.This, and many other points, is covered in a detailed research note just released from Equity Development, and their H2 dividend forecast is unchanged. As are longer term growth estimates, so their fundamental value also remains at £8 / share. Full note is freely accessible here : |
Posted at 29/5/2024 08:17 by yogi Change to dividend policy is the catch also this time around. Now set at 55% of profits vs range of 55-80% in past. Last years div was at 78% so looks like H2 div will be significantly lower unless H2 profits are higher and make up the shortfall if I am reading correctly... |
Posted at 10/4/2024 04:55 by tole https://citywire.com |
Posted at 02/11/2023 12:23 by robsy2 I am now fully reinvested here.It's been interesting getting reacquainted with the company after selling out back in 2020. There are some bear points BEAR POINTS 1. Margins are under pressure in the wealth management sector so that is a bear point, but, IPX defends itself against margin erosion because they focus on B2B distribution and direct sales. 2. While passive investing with ETF’s have forced fees down , as a highly experienced , well-resourced and expert investment house, IPX argues that they add value and are worth the fees they charge because they offer superior performance. Their track record supports this stance. 3. Inflation and increased investment in people and a new office have eroded operating margins at IPX over the last 12 months as they gear up the business for expansion. 4. Markets may continue to slide, valuations may fall further and as such income may come under further pressure. 5. What will happen when company founder and CEO,Ian Simm (age57) leaves? I don’t see that as an immediate problem because he seems as enthusiastic as ever and is by character a driven man , a highly motivated, self-declared nerd, who is on record as being happy to continue and take the company to the next stage, thereby securing his legacy and improving the value of his significant holding of stock. 6. The only negative in the past has been the high price of the shares. The share price is much more attractive now and there is stock available. Earnings may have flat lined fro the time being and they could continue to stagnate, but the risk return looks favourable again with a safe 7% divided to be received while we wait for the cycle to change. ..but more bull points . BULL POINTS 1. Solid balance sheet ,highly profitable , highly cash generative, lots of cash, high margins, very scale-able business, modest rating, high and sustainable dividend, capable management, strong market position. 2. This is an investment in the growing transition to a more sustainable economy. We are putting our money behind the trend but at arms length. By buying into IPX as one of the global specialists in this area, we can profit from IPX’s ability to attract investors to their products. IPX’s range of product strategies almost overwhelmingly outperform their competitors over 1, 3 and 5 years. 3. IPX sees a big runway of opportunity , estimating that they can expand from 50b USD of AuM to 80-100b AuM just with their the existing strategies. 4. They continue seeding new strategies to continue expanding into other closely related thematic areas. To date, they have been adept at staying ahead of the pack in this sense. 5. IPX does something useful to investors and indeed humanity and they do it well. 6. IPX has been very mindful of developing their brand and ensuring that they are high profile thought leaders in and around sustainability. The Impax brand has no balance sheet value attributed to it but it is a powerful name that when combined with the investment performance adds considerable value to the business. 7. Impax has a very stable, experienced and settled team. It is a good place to work, indeed Ian Simm said that they have only ever had to sack one person in the entire history of the company! 8. Markets will recover and when they do, IPX is well positioned. We should see profits spike- up nicely. While we wait for this to happen, we can take a 7% dividend. I just think it has gone from super expensive to super cheap. So much for the idea that markets price things correctky . To have held since the peak at 1500p and see the value half in 2021 and then half again in 2022 to end up trading at 375p is terrifying. Seems like you can't just buy a quality company and hold forever either. Anyway , things look pretty positive here I feel. If they can get the Aum up 80-100% as they think they can then all will be well. I see an share price at an all time high again in maybe 5 years time. If that happens then we're talking an annual compound return dividends included, of around 25% a year.That will do it for me. |
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