Look at the flows and their biggest funds are underperforming. Expensive compared to liontrust. |
It will take longer than that to get back to £15 in my view. The frothy days of last year are well and truly over. |
Yep its a bit of a haul until the oil ogre is put to bed, could be end cal year by the time we are back to £15 |
I'm still holding for the long-term as they are well positioned. There is a 80% chance of a 50% draw-down (already done) and a 50% chance of an 80% draw-down from a climax top. 70% average. I still think Impax will bounce back as another leading stock as and when the bear market draws to a close. |
If you look at Impax Environmental its share price had a rebound at the end of April, so could just be market movement, but I'm keen to find out! Brewins looked to have good inflows to the end of March, so let's see if that's a wider indication of retail wealth manager flows. |
It looks like monthly AuM has dropped from £38bn to £37bn during April. That seems quite good to me given the likely effect of market movements, signalling positive fund inflows perhaps? |
Now lost 50% from the high of £15. How very depressing... |
Agreed , GP , and in H1 AUM still rose 2.2% to £38bn, despite weak market in Q2.
Equity Development trims short-term forecasts with revs to grow by ‘only’ 28% in FY22 + adjust fundamental valuation to 1260p per share, still 34% above current price.
Read their new note here: |
Agreed, let's be honest, these testing times will only accelerate the transition to a greener energy mix |
The upward turn of the AUM in March can be viewed here:
Back now to end of January levels. |
AUM down in Q1 as per RNS. But up by £1Bn over the last month so back on an upward trend now I suspect. |
Back on board @ 777 Sept directors in 100 higher is enough to override 3bn drop in assets Long term like the business |
I'm back in now. Just a few. Need to leave a bit of cash in case price gets even better |
Well I'm holding on to the remainder of my holding. After a major top there is an 80% chance of a 50% decline and a 50% chance of an 80% decline with an average decline of 70% quoting Mark Minervini. I guess we have nearly hit the 50% decline. Still a great company long-term, but the share price will no doubt take a while to recover...as with many other growth companies in the same situation! |
Last Friday some directors and partners bought 24000 shares between them at prices ranging between 848p and 939p:
The Lindsey B. Martinez Trust, a revocable trust of which Lindsey Brace Martinez (Non-Executive Director) and her husband Peter M. Martinez are trustees, purchased 6,000 Ordinary shares. Sally Bridgeland (Chair) purchased 6,000 Ordinary shares. Simon O'Regan (Non-Executive Director) and his wife, Penelope O'Regan, together purchased 6,000 Ordinary shares, via their joint investment account. Vince O'Brien (Non-Executive Director) purchased 6,000 Ordinary Shares. |
Lots in the Sunday papers about ESG funds been out of vogue. Hopefully it's all been over done and will find its feet |
Now lost nearly 50% from its high. WTF? |
Hi JWM,
first of all it is my perception and I don't have any figs to back this up.
I just think the money, be that short term' has moved into oil and gas as that is where the money is being made as there is a worldwide energy shortage that cannot be overcome by green.
I don't know if that has been reflected in any outflows from IPX funds - as a lot of investment cos must have an ESG mandate in them.
Hope that helps |
Swiss Paul - When you say money has gone back into oil, are you talking about investment in exploration / oil production or market caps, or something else? Long term dynamics of higher oil prices surely makes alternatives look better? |
what you expect when all the money has gone back into oil. It will come back around when they realise the long term value |
Yes, still a great company. Growth shares are being hammered at the moment. Valuation OK now as on a 3% yield. I top sliced some near the highs, but I am happy to keep holding a core holding long term. |
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