Impax Asset Management Share Discussion Threads

[cookie dough] 23/6/2018 22:35

The quietest message board ever. Probably nothing to say I guess. Actions speak loader than words.

[sharesoc] 22/6/2018 15:05

Impax's presentation and stockopedia report from our recent Manchester seminar are available in our full member exclusive area:

[edmonda] 15/6/2018 08:52

updated full ED research note on an excellent H1 for Impax and exciting outlook

Free access here:

[edmonda] 11/6/2018 11:24

20 years indeed, topvest.

And you can see CEO Ian Simm discuss the Group's outlook in a 20 min interview here:

[topvest] 10/6/2018 12:56

They have been working on this business for 20 years, and it is now really motoring. Right time, right place. Quality founder and CEO. Intelligent fanatic.

[cookie dough] 10/6/2018 12:23

Right product (and services) right timeGlad that Impax have focussed on the institutional and pension enviro/ sustainability fund space. Surely this is an area that is going exponential in the next few years with companies slowly being put under the microscope to disclose investments (G20). There was a snippet about this in IC a while back.https://www.investorschronicle.co.uk/tips-ideas/2017/08/10/undervalued-impax-on-a-roll/

[cookie dough] 10/6/2018 10:29

Saw this on another thread. An extra €150m in the AUM coffers and from the Swedes too. They know about environment. Pat on the back there.https://bit.ly/2xOnzpI

[luckymouse] 10/6/2018 00:33

07/06/2018 11:52 ALNC Impax Asset Mgt Interim Profit Doubles With Strong Net Inflows

[douglas fir] 09/6/2018 15:07

hxxp://www.morningstar.co.uk/uk/news/168072/3-aim-stock-picks-asset-managers.aspx


Impax Asset Management (IPX)

Good-quality boutique asset managers can attract loyal followers, and Impax has successfully carved out a niche in the market. There is a growing trend both in the UK and worldwide for sustainable investments. And that is likely to continue to rise as more and more millennials become engaged with their investments.

Impax was one of the first on the scene, with its flagship near-£500 million investment trust Impax Environmental Markets (IEM) launched in February 2002. They have added to their fund range over the years, but have remained focused on sustainability.

This, according to Ken Wotton, manager of the LF Livingbridge Micro Cap fund, leaves them well-placed to benefit from a continued increased in the shift towards sustainability-type products. That demand should drive assets under management forward.

“The capability they have is going to be attractive for larger asset management firms who want to take advantage of that trend,” he adds.

Assets under management growth has been seen in recent years, and the recent acquisition of US-based Pax World Management took them past £10 billion, which is a “psychologically important milestone”.

In fact, assets grew 51% in the six months to 31 March 2018 to just over £11 billion. Wotton is supportive of the Pax buy, despite acquisitions of US corporations by UK-domiciled entities being risky. He says Pax is a “low-risk transaction”, as the pair have been working together for 10 years so “they know the business very well”.

Another string to its bow is its private equity mandates, which tend to be higher-margin and also gives them diversification in regards to their end clients. They are also long-duration vehicles.

Wotton believes Impax has the scope to more than double its assets under management over time. But it’s also reasonable to assume it may become a takeover target itself in the long run. Something similar to Liontrust’s acquisition of Alliance Trust’s sustainability mandates.

In the meantime, the balance sheet remains strong, as proven by recent results in which it promised a 2.6p special dividend and hiked its interim pay-out by 57% to 1.1p.

The share price has almost trebled in the past 18 months and nearly doubled in the past year. But Wotton says it’s not actually trading on that high a multiple, at 16 times forward earnings. “That is a bit above the market, but it’s growing a lot faster than the market and it should fall quite rapidly.

[sharesoc] 09/6/2018 15:04

Impax Asset Management present at our growth company seminar in Manchester on the 19th June, more details and registration here:

[dan hol] 08/6/2018 13:08

you mention this a lot top vest. Just how much is your holding?

[topvest] 07/6/2018 21:05

Yes, what a stock to have as my top holding. Happy days!

[melody9999] 07/6/2018 08:50

maybe the same person is operating the LSE !

[davr0s] 07/6/2018 08:46

Yes they look good - always nervous when it gets released at 7.56am. Maybe someone overslept

[melody9999] 07/6/2018 08:37

worth waiting for then

[douglas fir] 07/6/2018 08:16

Impax Asset Management Group plc

Interim results to 31 March 2018



London, 7 June 2018 - Impax Asset Management Group plc ("Impax" or the "Company"), the specialist investor focused on a more sustainable global economy, today announces interim results for the six months to 31 March 2018 (the "Period").



Ian Simm, Chief Executive, commented:



"I am pleased to report on a successful first half of the year. Alongside robust investment performance and net inflows of £1 billion, we completed the acquisition of Pax World Management LLC ("Pax"), further extending our investment management capabilities and client base in North America.



The Company's strong financial results support a 57% increase in the interim dividend to 1.1 pence per share. In addition, following the realisation of carried interest proceeds from Impax's second private equity infrastructure fund, the board has declared a special dividend of 2.6 pence per share.



As asset owners around the world seek higher levels of exposure to the companies leading the transition to a more sustainable economy, Impax remains well placed for further profitable growth."



H1 business highlights



· Completion of the acquisition of Pax1



· AUM2 increased 51% to £11.0 billion; £2.9 billion attributable to Pax World Funds, increasing to £11.8 billion as at 31 May 2018



· Total net inflows of over £1 billion, predominantly from clients in continental Europe and North America



· Final close of Impax's third private equity infrastructure fund with assets of €357million



H1 financial highlights



· Interim dividend increased by 57% to 1.1 pence per share



· Special dividend of 2.6 pence per share payable as result of outstanding performance of second private equity infrastructure fund.



· Revenue: £25.7 million3 (H1, 2017: £13.9m)



· Profit before tax: £5.5 million (H1, 2017: £2.4m)



· Adjusted earnings per share: 4.83p (H1, 2017: 1.94p)

[davr0s] 07/6/2018 07:11

Where are the results?!

[dan hol] 06/6/2018 08:36

Wonderful news - worth about 294m euros

[crazycoops] 05/6/2018 16:42

I don't recall if a date for the interims was given previously? Anyway, IPX tweeted today to say they will be Released on Thursday this week.

[sharesoc] 29/5/2018 16:33

Impax Asset Management present at our Manchester growth company seminar on the 19th June. This may be of interest to potential investors and current shareholders, there are limited places at this event!

[sharesoc] 24/5/2018 13:58

Impax Asset Management present at our Manchester growth company seminar on the 19th June. This may be of interest to potential investors and current shareholders, there are limited places at this event!

[luckymouse] 14/5/2018 17:03

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