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| 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
|
|
|---|---|---|---|---|---|
| -75.50 | -23.05% | 252.00 | 3,139,061 | 16:35:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 248.00 | 250.00 | 294.00 | 239.50 | 294.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investment Advice | 178.64M | 39.22M | 0.2958 | 8.45 | 434.25M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:39:04 | O | 31,066 | 245.6051 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/12/2024 | 16:30 | UK RNS | Impax Asset Management Group plc Notice of AGM |
| 13/12/2024 | 11:06 | ALNC |  Impax Asset Management shares slump after SJP mandate termination |
| 13/12/2024 | 07:00 | UK RNS | Impax Asset Management Group plc Update on assets under management |
| 04/12/2024 | 07:00 | UK RNS | Impax Asset Management Group plc Director/PDMR Shareholding |
| 29/11/2024 | 17:28 | UK RNS | Impax Asset Management Ltd Form 8.3 - [Renewi plc] |
| 29/11/2024 | 16:30 | UK RNS | Impax Asset Management Group plc Publication of Annual Financial Report |
| 29/11/2024 | 12:00 | UK RNS | Impax Asset Management Group plc Investor Presentation of Full Year Results |
| 28/11/2024 | 09:54 | ALNC | Impax Asset Management profit down but positive outlook for Trump term |
| 28/11/2024 | 07:00 | UK RNS | Impax Asset Management Group plc Final Results |
| 22/11/2024 | 14:16 | UK RNS | Impax Asset Management Group plc Investor Presentation of Full Year Results |
Impax Asset Management (IPX) Share Charts1 Year Impax Asset Management Chart |
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1 Month Impax Asset Management Chart |
Intraday Impax Asset Management Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/12/2024 | 18:07 | Impax - Profitable Environmental Fund Manager | 840 |
| 11/3/2023 | 11:14 | Impax Asset Management - Substantial long term potential | 10 |
| 07/9/2021 | 06:55 | thanks all bb'ers read this very interesting | 2 |
| 09/5/2019 | 07:42 | Ј427m new AUM for April | 1 |
| 02/5/2019 | 21:29 | IMPAX - Director buys at the bottom | 143 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-13 16:41:30 | 245.00 | 51,546 | 126,287.70 | O |
| 2024-12-13 16:39:06 | 258.34 | 7,464 | 19,282.50 | O |
| 2024-12-13 16:35:11 | 252.00 | 69,605 | 175,404.60 | UT |
| 2024-12-13 16:29:59 | 250.00 | 613 | 1,532.50 | AT |
| 2024-12-13 16:29:51 | 250.00 | 1 | 2.50 | AT |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 by Impax Asset Management Daily Update Impax Asset Management Group Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker IPX. The last closing price for Impax Asset Management was 327.50p.Impax Asset Management currently has 132,596,554 shares in issue. The market capitalisation of Impax Asset Management is £331,491,385. Impax Asset Management has a price to earnings ratio (PE ratio) of 8.45. This morning IPX shares opened at 294p |
Posted at 28/11/2024 15:51 by sphere25 Afraid not bulltradept.It is almost text book. It has had a good go at that key 340p mark. A battle there, but the sellers just kept lobbing and closed it off. The market realises there are too many sellers (and that the breakout isn't happening) at that key mark, and then pinged straight back down under it. And now it is back loitering near the lows with the price at 332p so that trade is a fail, but that's the market right now. It is just being overwhelmed with these sellers. They rule the roost. Bar the takeovers, it is a tough market. Even with the price beaten down this much, seemingly cheap valuation, nice yield, it is still a tough ask to get some momentum. But that research note is a good read. Interesting comments on the flows to the US and the peer comparison. It does look like there is room for some multiple expansion, or as they say, it might get taken out. That is the theme out there, but there we go - just the way it is right now. All imo DYOR |
Posted at 28/11/2024 09:39 by sphere25 Well, a few decent blocks going through here at 333p and 335p. That has peeked the curiosity enough to have a go at 335p for a short term trade. The movements here are lumpy and volatile so it might be too early, but those blocks are what are needed to alleviate those icebergs that kept hitting the book.Haven't seen one since 335p was cleared. They were persistent. Are they taking abit of time to reload or are these big block buyers going to keep coming in? IF they do, then this has a shout at breaking out. Price is currently at 341p so about to test that breakout for some possible short term momentum here. Stick my stop at just under 330p. Could get taken out on a wide spread on a morning here so not a physical stop. Anywho, let's see if the price has been beaten down enough to allow at least a bounce. All imo DYOR |
Posted at 28/11/2024 08:22 by sphere25 Looks cheap. Similar to others with the flows isn't it, but at least a bounce candidate.The market is having a go early this morning. Alot of icebergs on the offer at various points though: 325p, 330p and now 332p. The Bulls are having a go at trying to eat through the orders. This one at 332p right now is being stubborn. These big sell orders are clearly keeping the price in check with a firm downtrend. Looks worth a watch here to see if the buying picks up. Price needs to break 340p. All imo DYOR |
Posted at 28/11/2024 07:47 by edmonda "Solid FY24 results, triggers to reignite growth visible"AUM was down a touch by 0.5% in FY24 (1 Oct 23 - 30 Sep 24) to £37.2bn. Net outflows totalled £5.8bn, largely offset by a positive investment performance of +£5.3bn and a contribution of +£0.3bn from the acquisition of fixed-income specialist Absalon Capital Management in Q4. With average AUM also slightly down, revenue fell 4.7% to £170.1m. Adjusted operating costs were firmly under control and decreased by 2% from £120.3m to £117.4m, helped also by Impax’s incentive-based remuneration model. Adjusted operating profit fell 9.3% to £52.7m, a still-solid operating margin of 31.0% (FY23: 32.6%) and slightly higher than forecast (£52.2m). Impax generated £49.2m of cash from operations (FY23: £36.7m) with a strong balance sheet and robust cash reserves of £90.8m (FY23: £87.7m), despite paying £36m in dividends. It has no debt. The full-year dividend is unchanged at 27.6p, a yield of 8.6% on the prior closing share price. It has been a tough two years re flows for sustainable funds, active funds, and for Impax, with its growth trajectory flattening during this period (although AUM is still 146% higher than five years ago: £37.2bn v £15.1bn at the of FY19). However, we think there are pending triggers for inflows to return. We reduce our fundamental valuation to 700p per share (from 750p) but note this is still more than double the closing share price. Link to research: A reminder that we are hosting an Investor Presentation webinar with management this afternoon at 3pm - you can register to sign up here: |
Posted at 10/7/2024 08:51 by riverman77 Continued large outflows show no sign of abating. IPX was a big beneficiary of the sustainable investment bubble of recent years ago, but frankly don't see this coming back into fashion - one to avoid for time being. |
Posted at 10/7/2024 06:50 by edmonda "AUM down in Q3, another fixed income acquisition"AUM declined over Q3 of FY24 from £39.6bn on 31 Mar 24 to £36.9bn on 30 Jun 24, a fall of 6.8%. That offsets a 5.9% increase over H1, resulting in AUM being down 1.3% over the first 9 months of FY24. Net flows and market movements / investment performance were negative in the quarter, -£1.89bn and -£0.81bn respectively. Impax noted that outflows were dominated by its wholesale channel, with some clients continuing to rotate out of equities, although outflows eased in key parts of its European operations. It noted the direct sales team enjoyed a busy period and that its new business pipeline is healthy. Impax has previously stated that it had a strategic focus on increasing the proportion of overall AUM in this asset class, and in turn decreasing the proportion of its AUM in small and mid-cap equities. In this vein, it has announced an agreement (subject to terms and conditions) to acquire the European assets (cUS$2bn AUM) of US-based SKY Harbor Capital Management, LLC (SKY Harbor). It looks to be a very good fit. SKY Harbor was an early adopter of the integration of sustainability risks and opportunities into its investment process and specialises in the management of fixed income corporate high yield securities and leveraged loans. Our FY24 & FY25 forecasts reduce slightly on the lower AUM level at the end of Q3. But overall, this update has a small impact on longer-term projections and our fundamental value remains at 800p per share (c90% above the share price) and Impax’s PER of 13.7 looks undemanding. Link to research: |
Posted at 29/5/2024 10:27 by edmonda Hi Yogi, I believe you have read it incorrectly - the range has been replaced with a payout policy of 'at least' 55% from profits after tax.This, and many other points, is covered in a detailed research note just released from Equity Development, and their H2 dividend forecast is unchanged. As are longer term growth estimates, so their fundamental value also remains at £8 / share. Full note is freely accessible here : |
Posted at 10/4/2024 04:55 by tole https://citywire.com |
Posted at 02/11/2023 12:23 by robsy2 I am now fully reinvested here.It's been interesting getting reacquainted with the company after selling out back in 2020. There are some bear points BEAR POINTS 1. Margins are under pressure in the wealth management sector so that is a bear point, but, IPX defends itself against margin erosion because they focus on B2B distribution and direct sales. 2. While passive investing with ETF’s have forced fees down , as a highly experienced , well-resourced and expert investment house, IPX argues that they add value and are worth the fees they charge because they offer superior performance. Their track record supports this stance. 3. Inflation and increased investment in people and a new office have eroded operating margins at IPX over the last 12 months as they gear up the business for expansion. 4. Markets may continue to slide, valuations may fall further and as such income may come under further pressure. 5. What will happen when company founder and CEO,Ian Simm (age57) leaves? I don’t see that as an immediate problem because he seems as enthusiastic as ever and is by character a driven man , a highly motivated, self-declared nerd, who is on record as being happy to continue and take the company to the next stage, thereby securing his legacy and improving the value of his significant holding of stock. 6. The only negative in the past has been the high price of the shares. The share price is much more attractive now and there is stock available. Earnings may have flat lined fro the time being and they could continue to stagnate, but the risk return looks favourable again with a safe 7% divided to be received while we wait for the cycle to change. ..but more bull points . BULL POINTS 1. Solid balance sheet ,highly profitable , highly cash generative, lots of cash, high margins, very scale-able business, modest rating, high and sustainable dividend, capable management, strong market position. 2. This is an investment in the growing transition to a more sustainable economy. We are putting our money behind the trend but at arms length. By buying into IPX as one of the global specialists in this area, we can profit from IPX’s ability to attract investors to their products. IPX’s range of product strategies almost overwhelmingly outperform their competitors over 1, 3 and 5 years. 3. IPX sees a big runway of opportunity , estimating that they can expand from 50b USD of AuM to 80-100b AuM just with their the existing strategies. 4. They continue seeding new strategies to continue expanding into other closely related thematic areas. To date, they have been adept at staying ahead of the pack in this sense. 5. IPX does something useful to investors and indeed humanity and they do it well. 6. IPX has been very mindful of developing their brand and ensuring that they are high profile thought leaders in and around sustainability. The Impax brand has no balance sheet value attributed to it but it is a powerful name that when combined with the investment performance adds considerable value to the business. 7. Impax has a very stable, experienced and settled team. It is a good place to work, indeed Ian Simm said that they have only ever had to sack one person in the entire history of the company! 8. Markets will recover and when they do, IPX is well positioned. We should see profits spike- up nicely. While we wait for this to happen, we can take a 7% dividend. I just think it has gone from super expensive to super cheap. So much for the idea that markets price things correctky . To have held since the peak at 1500p and see the value half in 2021 and then half again in 2022 to end up trading at 375p is terrifying. Seems like you can't just buy a quality company and hold forever either. Anyway , things look pretty positive here I feel. If they can get the Aum up 80-100% as they think they can then all will be well. I see an share price at an all time high again in maybe 5 years time. If that happens then we're talking an annual compound return dividends included, of around 25% a year.That will do it for me. |
Posted at 09/10/2023 13:52 by bighairyspider This is getting hammered. Down to £4 on a 5.8% reduction to £37bn on todays RNS.The RNS on 7 April last year IPX reported a reduction of 10% in AUM again to +/- £37bn. The share price then dropped from a tenner to just over a fiver when it started to climb again in September 2022. Looking to add but am just going to wait abit for the share price to settle. |
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