Impax Asset Management Share Discussion Threads

[robsy2] 03/12/2010 18:46

Blood
Are you around for Xmas? We will be down on the 27th and we are looking forwatrd to seeing you!
IPX goes on and on.Strong hold.
R2

[rambutan2] 25/10/2010 09:10

Up 7% to all time high (58-60p) marks a good start to the week...

London, 25 October 2010 - Impax Asset Management Group plc, ("Impax" or the
"Company"), the AIM listed investment manager focused on the environmental
sector, today announces a pre-close trading statement ahead of the publication
of its preliminary results for the year ending 30 September 2010 ("FY2010"),
expected on 10 January 2011.

Overall trading continues to be strong. The Board expects revenues for FY2010
to be comfortably ahead of 2009 and in line with market expectations, and
profitability for FY2010 to be ahead of market expectations.

During FY2010, assets under management and advisory ("AUM") increased 45 per
cent from GBP1,260 million to GBP1,823 million. To this the Company has added
GBP131m following the successful raising of new capital by Impax Asian
Environmental Markets plc ("IAEM"), an investment trust managed by the Company,
as announced on Friday last week.

Since the start of FY2010, Impax has made significant progress in developing its
business...

[rambutan2] 24/10/2010 00:49

Not a bad result, and don't see why the extra (1% ie £1.3m to commence) management fee shouldn't drop straight through to IPX's bottom line...

22 October 2010

The Board of Directors of Impax Asian Environmental Markets plc (the "Company") is pleased to announce the results of its Placing, Open Offer and Offer for Subscription (together, the "Issue") of C shares (the "C Shares") at an issue price of 100p per C Share (the "Issue Price").

The Company has raised gross proceeds of £131 million pursuant to the Issue. A total of 131,000,000 C Shares will be issued at the Issue Price.

Following Admission of the C Shares, the Company's share capital will consist of 114,949,000 Ordinary Shares with voting rights, 20,900,000 Subscription Shares with no voting rights and 131,000,000 C Shares with no voting rights. The Company holds no shares in treasury. The Subscription Shares and the C Shares are considered to be qualifying financial instruments under the FSA's Disclosure and Transparency Rules, and accordingly, the total number of voting rights is 266,849,000.

[robsy2] 03/10/2010 19:43

Great news.Business as usual. This is a smooth operation. HOLD!

[rambutan2] 03/10/2010 13:30

Bit more in the pot...

Impax Asian Environmental Markets plc (IAEM) is pleased to announce its proposals for a Placing, Open Offer and Offer for Subscription of C Shares (the "Issue") to raise up to £200 million before expenses. The C Shares will convert into Ordinary Shares and, immediately following such Conversion, will be subject to a Bonus Issue of Subscription Shares. The Issue is not being underwritten and will not proceed unless subscriptions are received in aggregate for at least £40 million (or such lesser amount as the Company and Collins Stewart may agree).

[rambutan2] 19/5/2010 09:30

good stuff...

Interim results for the six month period ended 31 March 2010

Highlights

· Assets under management and advisory ("AUM") increased 40 per cent from
GBP1,263 million on 30 September 2009 to GBP1,767 million on 31 March 2010 and
rose further to GBP1,909 million by 30 April 2010.
· Revenue in the first half of the year, which does not yet include the full
effect of significant AUM inflows occurring towards the end of the period,
increased to GBP6.31 million. This compares favourably to revenue for the same
period last year of GBP4.50 million (plus GBP0.95 million of exceptional,
non-recurring fees).

· Unaudited profit before tax in the first half was GBP1.67 million, compared
to profit for the same period last year of GBP1.02 million (plus GBP0.52 million
from exceptional, non-recurring fees).
· Impax-managed quoted equity funds continued to outperform global equity
markets.
· Fundraising for Impax's second private equity fund was successful,
attracting EUR141 million of capital on 23 March 2010.
Commenting on the results, Ian Simm, Chief Executive of Impax, said:
"I am pleased to report significant progress during the first half of Impax's
financial year. Our proven business model of investing in high growth,
inefficiently priced environmental markets has gained further traction. In
addition, the legislative backdrop has continued to advance, benefiting many of
the companies in which we invest.
"With an experienced, committed management team, a broad network of clients and
partners and a business model that is already generating rapidly rising
earnings, I am confident that Impax is well positioned to take advantage of the
significant opportunities in environmental markets."

[rambutan2] 27/4/2010 23:18

Breaching the £50m mkt cap level means that a company now becomes investable for many small cap managers. From the march monthly update for Blackrock Smaller Cos Trust...

We also took slightly smaller holdings in Yule Catto and Impax Asset Management. Yule Catto, the polymers company, derives 44% of its revenues from the Asia Pacific region and other high growth developing markets, has a relatively new and impressive CEO, and is lowly valued. Impax Asset Management manages equities invested in environmental funds. Its fund performance has been good and funds under management continue to grow.

[robsy2] 27/4/2010 17:59

I've creamed a bit off the top leaving me with a substantial "free " investment. This is my first "10 bagger" so I'm feeling a bit chuffed. I am keeping quite alot of shares here because it could become a 20 bagger over the next 3 years, in fact my only real fear is that it may be taken out by a large predator.
I think it was Henry Ford who said something about it being difficult to make a million from scratch but easy to make a million if you already have 10.
In the same way getting funds under manageemnt from 50m to 1 billion + is an amazing achievment.Going from 1 to 2 billion could be a lot easier and quicker to do..................
R2

[robsy2] 08/4/2010 17:28

Well gentlemen. We've got the all time high, sooner than I thought. Not sure what the next move is here, so I'll hold for the time being.Run your winners I suppose!
R2

[russianlinesman] 29/1/2010 12:46

Decided to sell at these levels as don't see much more upside in the near term. Reasons:

- very disappointed with the dividend - I'd have expected much more cash out by now, and the yield is very poor.

- there has always been a very generous policy with employee rewards, and a lot of profit goes out this way, thereby having a significant dilutive effect.

- funds under management may rise steadily, but their staff needs rise accordingly, and profit margin not great.

Conversely, they are in the right sector, have a growing name, useful contacts etc, and I'd like to be in, but is all about risk and reward at the end of the day.

[dustjackets] 05/1/2010 17:48

In recent days some large purchases have gone through 500K plus, price continues to climb. Strong hold.

[robsy2] 09/12/2009 09:05

Morning all
Just had a quick look and the results look good. With another 20% of new funds to be added in the next 6 month period, most of it already in the bag then the next year has already got off to a great start. True the generous employee share scheme is diluting the earnings, but the divi is up and the cash position is good. The business is expanding rapidly so costs have increased. What I like is that they don't move far from their area of expertise and are becoming the name in this area. The distribution partners they have make expanding the business pretty straightforward. The equity markets need to perform of course but operationally I can't see any obvious danger signs other than the fact that the business is expanding rapidly, getting more weighty and complex and is based around a small group of fund managers. At least they are tied in to the company. As they say the powerful drivers for the business are really front of mind at the moment . I think the share price has possibilities to go above the all time high over the next 12 - 18 months.Strong hold.

[bloodsports] 09/11/2009 13:46

What difference does the 'new company' Impax asian enviromental markets make to impax and its profits?

Thanks for the good posting.

[rambutan2] 22/10/2009 09:54

not a bad result for starters...

Impax Asian Environmental Markets plc (the 'Company') is pleased to announce that it has raised gross proceeds of £104.5m pursuant to the Placing and Offer for Subscription (the 'Issue') described in the Company's prospectus dated 8th October 2009.

The Company has issued 104,500,000 million Ordinary Shares at a price of 100 pence per Share, together with 20,900,000 Subscription Shares by way of bonus issue on the basis of one Subscription Share for every five Ordinary Shares held. Application has been made for both the Ordinary Shares and the Subscription Shares to be admitted to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange with effect from 23rd October 2009.

Following the Issue, the initial net assets of the Company are £102,410,000 representing an opening net asset value of 98.0 pence per Ordinary Share.

The ISIN number of the Ordinary Shares is GB00B4M5KX38 and that of the Subscription Shares is GB00B4M82P85. The TIDM of the Ordinary Shares is IAEM, and that of the Subscription Shares is IAES.

[redrenault2] 21/10/2009 16:00

hi, def selling at this level .. have you seen how much the team give themselves in pay ??????

[rambutan2] 09/10/2009 14:05

Announcement of Publication of Prospectus

Impax Asian Environmental Markets plc ('the Company'), has today published a prospectus in connection with its proposed issue of up to 200 million Ordinary Shares pursuant to a Placing and Offer for Subscription at an issue price of 100 pence per Ordinary Share, together with a Bonus Issue of Subscription Shares on the basis of one Subscription Share for every five Ordinary Shares issued...

[bloodsports] 06/10/2009 11:15

Some positive trading statments/new out recently. Keep up the informative postings.

[robsy2] 18/9/2009 17:40

Nice work Rambuten.If they get 200m then thats 20% more income, a lot of which will hit the bottom line.They have a good proposition and there is a lot of money in that region.
Strong hold!

[rambutan2] 18/9/2009 11:16

they attemping to launch a new investment trust - an Asian enviromnental one. Would be min £50m and max £200m. Would be usefull additional permanent FuM.

[robsy2] 18/9/2009 11:03

She's on the move . Hold on tight Blood!

[robsy2] 04/8/2009 10:37

Rising equity markets,rising interest in carbon credits and increasing sales of funds will help this one going forward.

[robsy2] 12/12/2008 13:42

Russian, you can look now because the results are great! EPS at 2.54p , a maiden divi and pots of cash on the balance sheet.Good value at 20p I'd say.
I can see this back up to all time highs at some point, (no idea when)provided that can continue the good work.
A quality outfit, no worries here.
See you on or around the 27th Blood!

[bloodsports] 10/12/2008 11:17

Hi Robsy,

Good to see you back in. Think this is my last stock showing a profit! Catch up over Xmas.