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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
|
|
|---|---|---|---|---|
| 4.50 | 2.08% | 221.00 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 212.00 | 212.00 | 223.00 | 221.00 | 216.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 27/12/2024 09:42 by aishah Taken a position here."Last month UK equity funds recorded their first month of inflows in more than three-and-a-half years, after a period during which investors have pulled more than £25bn. According to data from Calastone, which tracks money entering and leaving funds via financial advisers, fund supermarkets and wealth managers, UK equity funds recorded net inflows of £317m in November." David Stevenson, Citywire. |
Posted at 14/12/2024 09:19 by bertiebingo I worked at an asset manager who went from growth to a decade of losses and restructuring, it was very painful. Other examples are Jupiter and Abrdn. Impax will go the same way as investors continue to redeem and the firm will need to pivot from a growth strategy to restructuring. Sales staff will leave as they won't be paid due to no net inflows. PMs will also move. It's likely to get messy. |
Posted at 13/12/2024 10:58 by kemche Fund managers are increasingly looking for trans compliant investment vehicles for their shim/sher/xim/they investors. With 73% of Gen Z and millenials identifying as trans pronoun wearing woke, the demand for gender neutral investment is bound to grow exponentially. With its extensive range of LGBTQIAPWSDEF gender neutral DEI compliant funds Impax should be a clear beneficiary of funds inflow.Absolute returns are for old fogeys. Adidas, Budweiser and Jaguar are the way forward. kemche (xim/xey). |
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 06/6/2024 08:52 by melloteam Just to let shareholders and prospective investors know that Impax will be presenting on MelloMonday on Monday 10th June 2024 (5:30pm start).Get 50% off your ticket with code MMTADVFN50 |
Posted at 29/5/2024 06:24 by edmonda Encouraging H1 results with AUM growth of 5.9% to £39.6 billion at 31 March, driven by investment performance. This is a top-third growth rate among a London-listed peer group.REMINDER Management webinar open to all at 3pm today, to attend just register here: |
Posted at 03/5/2024 09:32 by mammyoko Risk/reward looking very good here. All the other investment managers are usefully up in the last couple of weeks - PMI, LIO, JUP, POLR - and this one is trundling along the bottom despite having a specialised focus, an excellent track long-term track record and a differentiated offering. I don't think ESG investing is dead.I could easily see this up 10% in the next few weeks as investors realise that this one has been left behind. I have been buying in size here so obviously DYOR |
Posted at 23/11/2023 08:32 by edmonda FY results out next Wed 29th , and you can hear from the CEO and CFO on the same day: Webinar open to all investors at 1.15pm, simply register here to attend: |
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. |
Posted at 31/5/2023 06:55 by edmonda CEO reports 'a solid H1 despite challenging macroeconomic conditions'6 months to end of March saw: AUM +12% to £40.1bn, net flows of + £1.1bn, interim div 4.7p, EPS down to 17.2p after internal investment. CEO and CFO present at a webinar TODAY at 3pm, all investors are welcome - to join simply register here: |
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