11% left, hmmm. |
Is that a 300,000 buy .... |
Down ticker....Finish in the 190s |
Has down ticker missed the bottom... |
Wakey wakey eye eye |
Been a lot of false dawns but just maybe.. |
15:01:06 1,306,051 |
I cant see this , what time? |
1.3 million share trade |
Seller possibly went for early Friday drinks. |
Equity Development research forecasting same again dividend for 2025 giving a yield of16% and a P/e of 6 versus average of 12 for sector?! |
Do you think the slight negative reaction today is due to a possible dividend cut ? |
Well Simply wall street app loves this sharesValuing at 6.98. |
Also, almost half the market cap is net cash or seed investments, so the cash adjusted PE will be about 3 or 4. |
Someone else did that 4 posts ago :-)
There's definitely catalysts ahead for an IPX recovery. |
Will stick my neck out too and say we've hit the bottom now. Quite a few positives here IMO. Signs of improved performance YTD and flows into the asset class gradually picking up. Mention of significant client wins and strong pipeline. Costs significantly reduced. They also mention that a lot of peers are exiting this space, which should ultimately be good for those remaining. |
600p, lol. I'd love it, but...
Sounds to me like a divi cut is coming, albeit for acquisition purposes. Wouldn't be a great surprise, at this yield. |
 "AUM fall as expected and profits seen holding up" - new research note here:
Ahead of its AGM, Impax has confirmed AUM of £28.5bn on 28 Feb 25. This is close to our expectations as on 31 Dec 24 AUM stood at £34.1bn, and we already knew that the termination of a £5.1bn James’s Place mandate would impact the current quarter (Q2 of FY25). We expect AUM to jump again soon by c. £1.3bn once the Sky Harbor acquisition closes.
At the same time Impax reported an acceleration of the efficiency programme. Over 30 roles have been cut since 1 Oct 24 (c. 10% of headcount). This reduces run-rate annual costs by more than £11m (c. 9-10% of cost base) ‘without materially reducing capabilities or growth prospects.’
The H2 outlook is encouraging due to its pipeline and recent account wins. Flows may receive a boost when investors see the improvement in Impax’s investment performance: strategies representing 69% of AUM have outperformed their benchmarks in 2025.
The acceleration of the efficiency programme offsets top-line reductions with our profit forecasts largely unchanged. Our fundamental valuation also remains at 600p per share, based on a DCF model assuming a FY26 return to net inflows. |
Neck firmly out, but I think we've seen the bottom on IPX, the large volume day seemed to be it.
Needs something from the fragrant Ms Reeves at the end of the month re cash ISAs now - could potentially make a big difference to the asset managers. |
Fvuk the hell out of it |
ie you paid the 20p divi. |
My short bet from 220p...fvuk this company |
I just love to fvuk ukplc and its companies |
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