Impax Asset Management Share Price (IPX)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Impax Asset Management Group Plc	LSE:IPX	London	Ordinary Share	GB0004905260	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-6.50	-2.52%	251.00	19,252	12:02:09

Bid Price		Offer Price	High Price	Low Price	Open Price
251.00		264.00	251.00	248.00	248.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	65.68	14.62	9.00	27.9	327

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
15:34:25	O	10,331	252.5601	GBX

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Impax Asset Management (IPX) Latest News

Impax Asset Management News

Date	Time	Source	Headline
08/10/2019	14:30	ALNC	TAKING AIM: Impax Impresses; Well Positioned For Global Green Shift
08/10/2019	09:49	ALNC	Impax Asset Management Sees Growth Despite Challenging Market
08/10/2019	07:14	ALNCF	Alliance News Flash Headline
08/10/2019	07:00	UKREG	Impax Asset Management Group plc AuM Update
09/8/2019	12:08	UKREG	Impax Asset Management Group plc Second Price Monitoring Extn
09/8/2019	12:02	UKREG	Impax Asset Management Group plc Price Monitoring Extension
19/7/2019	07:00	UKREG	Impax Asset Management Group plc Related Party Transaction
10/7/2019	12:07	UKREG	Impax Asset Management Group plc Second Price Monitoring Extn
10/7/2019	12:02	UKREG	Impax Asset Management Group plc Price Monitoring Extension
08/7/2019	11:06	ALNC	Impax Asset Management Reports "Strong" Growth In Third Quarter

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Impax Asset Management Takeover Rumours

Impax Asset Management (IPX) Share Charts

1 Year Impax Asset Management Chart

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Impax Asset Management (IPX) Discussions and Chat

Impax Asset Management Forums and Chat

Date	Time	Title	Posts
11/10/2019	08:17	Impax - Profitable Environmental Fund Manager	423
09/5/2019	08:42	Ј427m new AUM for April	1
02/5/2019	22:29	IMPAX - Director buys at the bottom	143
06/6/2018	08:36	IPX pick up big new Swedish pension fund	-
06/6/2012	08:58	Impax Asset Management - Substantial long term potential	-

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Impax Asset Management (IPX) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
14:34:25	252.56	10,331	26,091.98	O
14:02:45	252.56	1,842	4,652.16	O
11:37:39	260.00	37	96.20	O
10:04:29	280.61	2,500	7,015.25	O
10:04:10	251.00	2,349	5,895.99	AT

View all Impax Asset Management trades in real-time

Impax Asset Management (IPX) Top Chat Posts

Date	Subject
22/10/2019 09:20	Impax Asset Management Daily Update: Impax Asset Management Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker IPX. The last closing price for Impax Asset Management was 257.50p. Impax Asset Management Group Plc has a 4 week average price of 234p and a 12 week average price of 226p. The 1 year high share price is 295p while the 1 year low share price is currently 178.50p. There are currently 130,415,087 shares in issue and the average daily traded volume is 97,755 shares. The market capitalisation of Impax Asset Management Group Plc is £327,341,868.37. Read Full Thread Reply
08/8/2019 12:14	topvest: Yes, very positive again. Think 2019 and 2020 will probably see a bit of share price consolidation. Medium term looks very bright though - just think about the profitability when and if AUM get to £30 billion. Read Full Thread Follow Reply
13/2/2019 09:35	sirrux: Interesting yo yo moves in the share price, does the 'New Green Deal' mean anything for this or are we all destined to choke on Trump's fumes? Lol. Read Full Thread Follow Reply
18/12/2018 21:47	topvest: AUM good for Nov and back up a tad to £12.28bn. hxxps://www.impaxam.com/investor-relations/share-price-and-aum Read Full Thread Follow Reply
27/11/2018 15:12	dan hol: Agree with all. And annual results out next thursday. Earnings predicted to double, and for a short window IPX will look super cheap before share price marches on. BUY! Read Full Thread Follow Reply
10/9/2018 09:18	jamielein: AUM has just been updated on their website for the end of August: 31/7/18 - £12357m 31/8/18 - £12588m hxxps://www.impaxam.com/investor-relations/share-price-and-aum Read Full Thread Follow Reply
08/8/2018 15:18	topvest: Thanks - excellent news. Really is firing on all cylinders. Share price should bounce back off the support level given what's going on trading wise. Suspect the momentum traders will be buying the dip soon. Read Full Thread Follow Reply
09/6/2018 15:07	douglas fir: 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. Read Full Thread Follow Reply
12/5/2018 07:22	topvest: Share price seems to have steadied itself. This is my biggest holding out of 310 stocks held. Not tempted to top-slice at this point, if at all. Great company in the making. Read Full Thread Follow Reply
29/11/2017 17:42	martinthebrave: Graham Neary at Stockopedia specialises in Financials & he remains a fan: Impax Asset Management (LON:IPX) •Share price: 161.5p (-3%) •No. of shares: 128 million •Market cap: £206 million Final Results This is an environmentally-focused asset manager which I've written about several times this year. Unfortunately, I didn't have the spare funds to invest in it earlier this year, when it seemed quite cheap against its earnings and prospects. The value proposition is different now that the share price has trebled in a year: So today's slight dip in the share price is in the context of a company where great things have arguably already been priced in. The results are excellent, as expected. In the year to September, AuM increased by over 60% (we already knew this thanks to the Q4 update: Assets under management and advice ("AUM") increased 61% to a new peak of £7.3 billion (2016: £4.5 billion), rising further to £7.6 billion by 31 October 2017 Record net inflows of £2.1 billion across several strategies and geographies So inflows were responsible for three-quarters of the AuM, with market movements responsible for the rest. Note also that the $52.5 million acquisition of similar US outfit Pax World is set to complete in Q1 2018. This is a debt-funded acquisition which will increase the company's risk profile in the short-term, but could super-charge earnings per share in future years. The financial highlights below show the effect of operational leverage, as op. earnings rises at a much faster rate than revenue. It's worth bearing in mind, naturally, that inflows during the year will not have generated fees for the entire year. You only generate fees on average AuM, not on closing AuM. Revenue: £32.7 million (2016: £21.1 million) Operating Earnings: £7.9 million (2016: £4.2 million) Profit before tax: £5.9 million (2016: £5.2 million) What may be disappointing investors a little bit is the rather muted PBT figure. £1 million was spent on advice related to the Pax acquisition. £0.6 million has also been lost in FX translation of the value of foreign currency in advance of that deal. There are some more costs which are contingent on the deal completing. Without those costs, Impax would have reported a 44% increase in PBT - it just goes to show how expensive deals can be in the short-term, and why organic growth is so valuable. Overall, though, the results look satisfactory to me. A lot depends now on the deal successfully going ahead. I've warned previously about inflows being from a relatively small number of customer mandates. Today we get an update on the level of customer concentration here: Revenue from three of the Group's customers individually represented more than 10 per cent of Group revenue, equating to £5,243,000, £4,275,000 and £3,428,000 (2016: three, equating to £3,644,000, £3,267,000 and £3,003,000). As the company gets bigger, it will hopefully also become less risky, from an investment point of view, as customer concentration diminishes. For now, it is still quite heavily concentrated. One other thing that caught my eye - whatever about the rights and wrongs of climate change/anthropomorphic global warming, it sounds like Impax is excited about its investments in the sphere of resource efficiency. That's a sector which ought to do well, regardless of global climate change agreements: We see a proliferation of opportunities to invest in smart systems to manage inventory control, production lines and warehouse space, and to reduce transportation costs across most industries, most notably in consumer goods. We are also following the rise of blockchain technology, which has the potential to transform resource efficiency across supply chains. Outlook statement is confident. My opinion The market cap is around the same ratio compared to (pre-Pax) AuM as it was last time I covered it, c. 2.7%. Again, I consider that to be around average. The Pax deal increases the level of uncertainty but brings with it strong potential rewards. Overall, then, I have about the same opinion as I did last time. It's a nice company and I still think it has a positive future. The costs associated with integrating Pax may continue to weigh in the short-term, and the valuation is no longer obviously cheap against its peers. Read Full Thread Follow Reply
06/12/2016 08:57	robsy2: Analysis of Impax(IPX), using Jim Slater’s Zulu Approach 1. Five Year Record (5 years positive earnings growth) YES 2. Low PEG Factor (PEG below 1 – eg. a 10% eps growth on a PE of 10 or less) YES…. year end 30.09.16 PEG = Current PER / profits growth PER = 52.75(sp)/3.62(fdeps) = 14.57 PEG = 14.57/ 16* =0.875 So just about a buy if <0.75=BUY) *Profits growth of 16% based on growth in fdeps from 2015(3.13p) to 2016 (3.62p) 3. Optimistic Chairman's Statement YES, optimistic. 4. Strong Financial Position YES. 10.5m GBP of distributable cash on the B/S cash after seed investments, provisions, share purchase obligations etc are taken into account. Strong cash flow, no debt. 5. Competitive Advantage YES.A focused, scale-able business model that is expanding rapidly, great operational leverage, very strong reputation, excellent product performance.AUM growing rapidly. 6. Something New YES. Less dilution going forward, starting to become a serious dividend payer, the new investments that have held back earnings of late now give IPX strong operational leverage going forwards. Legislation & investor appetite are pushing business their way. They have the expertise, smart distribution and keen pricing. 7. Small Market Capitalization (a small cap stock - anything in the FTSE250 or above is out) YES.MC £67m at 52.75p.Looks good value. 8. Relative Strength (as in the share price movement compared to the FTSE All Share Index) YES. 12 month share price +30%, compared to FTSE All Share Index +10% 9. Dividend Yield YES. 2.1p = 4% based on 2016 results, (2015 divi 2.1p included special divi of 0.5p. 10. Reasonable Asset Position YES. The balance sheet is very strong, room for more special dividends. 11. Management Shareholding YES. Don’t get me started…They have been very generous with themselves in the past so they are now motivated to get the share price up and the dividends up. CONCLUSION This analysis is based on the Jim Slater 11 point test to find underrated shares. It scores 11/11 so the share is underrated! NOTE: Remember shares can go down as well as up. This is not to be read as a recommendation to buy this share. It is simply an explanation of why I bought. Dilution Worries Senior management has been very generous with themselves over the years. Apart from fat salaries, they have awarded themselves lots of free shares. I sold in disgust some time ago because of this issue. Now the directors have loaded up on free shares, they will no doubt focus on dividend payments and improving the share price performance which has been lackluster to date The time looks right now so I am happy to be back on board again. Read Full Thread Follow Reply

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