Not really a chartist but looking like the clearest head and shoulders I have seen in some time. Onwards and upwards from here. |
Just another day at the office
hxxps://citywire.co.uk/wealth-manager/news/impax-wins-133m-australian-pension-mandate/a1482368 |
You got it Yogi. We are barely at the foothills. |
Dan, £27,696m AUM certainly is a great result with the way the markets have been in February. Some further share price consolidation in the £7-£8 range will provide a good foundation for the rest of the year as the environmental/green agenda continues to gather momentum.. |
So another 882m AUM in the bag for Feb. Quite something, not least in a turbulent wider market, and already as good as hitting the 28bn target Peel Hunt had set for end of Sept. Go IPX. |
Might have done. I've been here before. |
Daijavu have we met before?? Something very familiar about you tbh. |
This is not my biggest holding but it is my best performing. |
another good mandate
hxxps://www.institutionalassetmanager.co.uk/2021/02/10/295688/impax-selected-run-newly-launched-ferique-global-sustainable-development-equity |
Strong finish today on a high volume- maybe a delayed reaction to AUM increase.... |
Good spot edmonda, lots of good emphasis on cash inflows in note which hopefully is a sign of things to come. February will be key as December and January often stand outs at start and end of year for investors but should settle in to more routine inflows in Feb.Separately, also good to see bed and ISA from someone connected to Ian Simm today and a few non execs buys recently - more good signals.. |
Thanks for the report link. Time to start buying again. |
Some sound thinking above, and after another large jump in AUM in January to a total of £26.8bn (a remarkable 1/3 higher than year end 30 Sept '20)Equity Development raise forecasts and now calculate fundamental fair value at 925p/share.
Read new research note here: |
Yes Yogi, agree on being comfortable with the current price. I think Investors Chronicle said recently IPX needs to put on 1bn AUM a month to keep its £8 price tag. But if it can keep up the level its been doing more recently, then maybe we will be looking at closer to £10 and beyond by year end... |
Melody, yes on website as of this am.. |
Dan, I noticed this am that the AUM was now £26.814bn as at end January. Clearly the interesting info would be the inflows vs market return but bearing in mind the market dipped at end of Jan it is probably fair to assume another big inflow month. What was also not mentioned widely was the the inflows to AUM of £2.83bn in last quarter of 2020 vs the highest previous quarterly record of £1.1bn. All this shows a significant amount of growing interest in Impax and what they do. As such and like melody I am very comfortable with the consolidation in 8-8.50 range and then see what happens end March with AUM and half year? |
dan - is the 1.6bn on their web site or somewhere else? |
Another 1.6bn put on during January and 12 hours later not a beep on the chatroom, we're not taking these dudes for granted are we pop pickers? |
Yeah Yogi - reckon we could do with the share price forming a base around here for a while. |
That earlier buy is looking pretty good now Melody...certainly defying gravity at moment! |
IEM seems not to be quite as strong as IPX - any thoughts on that. Currently only holding IPX. I guess as a fund manager they are doing a lot of things right but IEM - the field they are known for is possibly a slower burner. |
If the Democrats win control of the senate then Biden should be keen to show "going green" creates jobs. Good for IEM and IPX. |
took the chance to add again late in the day at 754p |
irst quarter AUM report shows another impressive surge, up 24.8% to a record £25.2bn at 31 Dec.
As CEO says: 'Impax has again demonstrated its resilience and delivered another quarter of strong growth'
See analyses and interviews here: |
Thanks Yogi - but I would counsel that normally my buys should be taken as short term sell signals! However very comfortable with IPX - great management, outperformance and indication this will continue - see cut from the finals earlier this month:
"Impax's investment thesis is based on our belief that companies that are benefiting from the transition to a more sustainable economy should, on average, out-perform their peers in other markets. Over the past 12 months we have seen further evidence supporting this view. There are strong reasons to believe that governments, investors and consumers are seeking to steer capital towards markets that offer inherent resilience to environmental and social problems." |
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