II Editor
11 Jul 2016
NEW ARTICLE: FTSE 100 makes 11-month high "In the City they say "let the trend be your friend", and sometimes you just have to go with the flow. It's what traders have been doing since the FTSE 100 began its miraculous post-referendum rally a fortnight ago. Central bankers and politicians ..."[link]
LoadsaDosh2
26 Feb 2016
Results Look poor and outlook is no better; surprised it has risen today but maybe hoping someone will take it over; no other reason to hold.
nk1999
15 Nov 2015
SocGen From ADVFN:"Societe Generale downgraded IMI to 'hold' from 'buy' and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views."We remain upbeat on the longer-term benefits of the strategic turnaround programme but with global industrial demand taking another leg-down we see little scope for upside surprise over the next 12 months."It said the third-quarter statement confirmed a highly challenging operating environment with sales down 5% LFL year-on-year.With a further fall in 2016 sales and management highlighting rising competitive pressure, margins in the critical engineering division look set to be capped next year at a lower level. IMI also ruled out M&A in the short - term given the macro, removing another potential earnings catalyst, the bank said."
mutandis13
07 May 2015
IMS Guidance for the year has slightly deteriorated with revenue expected to be slightly below last year, compared to the previous guidance of modest organic growth.[link]
mutandis13
01 Mar 2015
Finals A difficult year for IMI and 2015 is likely to be flat in constant currency; add in the € headwind that is likely to more than offset any gain from the US$ strength then earnings will probably be lower this year. The upside is management's commitment to double operating profits by 2019.[link]
nk1999
19 Nov 2014
Liberum From HL:"Analysts at broker Liberum have cut their rating for engineering group IMI from 'buy' to 'hold' on the back of a "challenging near-term outlook" with organic growth slowing down.They predict that the stock will "tread water" in the near term and have slashed their target for the shares from 1,650p to 1,350p."Sp down 23p to 1202p today.
