Ripley94
09 Dec 2019
Bought some IPX… What a mistake 305p now.
Ripley94
14 Jun 2018
Bought some IPX New ii Site.
Ripley94
07 Jun 2018
Being sugested again by Marksman . Made a mistake in hindsight taking profit with this one.
piw
23 Apr 2018
Video: IPX at ShareSoc 18.4.18 Impax Asset Management (IPX) ShareSoc Investor presentation, April 2018Ian Simm, CEO[link] 0:30Investment management landscape & IPX – 1:36IPX assets under management – 2:50What is a sustainable global economy? - 3:38IPX historic track record - 4:57Drivers for environmental products & services - 5:32Returns from specific environmental markets - 6:13Offices and distribution partners - 6:45Shareholder register - 7:192017 Business highlights - 8:302017 Financial highlights - 10:56Acquisition of PaxWorld Management - 12:35IPX group structure – 16:38Future prospects - 16:57Summary - 18:39Q&A – 19:15
r21442
09 Jan 2018
Continues to rocket Now my biggest holding up >80% in < a year. Acquisition still to factor. Not sure it can continue so well? Holding for the ride but will be top slicing at some point methinks - watch for the levelling.
r21442
30 Nov 2017
Tip update in tomorrow's IC Tip Update: Buy at 158pTip styleGROWTHRisk ratingMEDIUMTimescaleLONG TERM"The market is not moving in lock-step towards passive equities,” says Impax Asset Management (IPX) chief executive Ian Simm. As he sees it, there is a “bifurcation going on” between passively managed equity funds and “differentiated” actively managed funds. Such a belief is required if you run or own Impax, of course, but it is supportable from the sustainable investment specialist’s full-year figures.Record net inflows of £2.1bn in the year to September helped push assets under management up 61 per cent to £7.3bn at the period-end. Forecasting flows is a fickle business, but those assets had pushed on further to £7.6bn by the end of October, demonstrating that the beginning of the 2018 financial year saw the momentum sustained.The acquisition of Pax World Management, announced in September, gives Impax a better global balance: currently, around 15 per cent of Impax’s clients, by assets, are in North America. The transaction will bring that proportion close to an equal split on each side of the Atlantic, says Mr Simm, as well as giving Impax a fixed income capability and a better platform to distribute stateside. The risks in such a deal are losing managers and assets, so it is actually reassuring that Impax is not feeding alienation through headcount counts or seeking large cost synergies, although there will be some operational savings in the back office.Analysts at broker Peel Hunt kept its forecasts of EPS of 7.3p (from 5.1p in FY2017) for the year to September 2018, from £11.9m in adjusted pre-tax profit.The share price has trebled in the past year, and values the company at 22 times its expected FY2018 earnings, falling to 19 times in respect of FY2019. It’s tempting to call the top, but the organisational momentum is being sustained, and the US deal is promising. Buy.
Ramptastic
10 Oct 2017
Update Stocko' update;It's a Q4/full-year update for this environmental asset manager.AuM increased by another 9% in Q4 to £7.3 billion. That's pre-closure of the recently-announced US acquisition, which is set to take total group assets over £10 billion.The movement can be broken down as 6% increase from flows and 3% increase from growth in the existing assets.That's another fine result. The full-year result is 46% increase from flows and 15% increase from growth in existing assets.I think it's worth adding a bit of caution that a small number of additional mandates can make a huge difference to the flow results. These are large and potentially one-off transactions. The market cap to (pre-acquisition) AuM ratio is now 2.6% which is fairly average among asset managers as a whole, although arguably still inexpensive against active or specialist asset managers. Schroders (LON:SDR), for example, is trading at 2.3% of AuM. I would argue that Impax is a lot more specialised, although you could also argue that it's a lot riskier compared to its larger rival.On balance, I'm still positive on Impax. I expect these quality ratios to improve in the years ahead, with increased scale.
Ramptastic
09 Oct 2017
AUM What a blinder - AUM up 61% over 12 months.How have they done it?The operational gearing must be fantastic.Jim
Ripley94
19 Sep 2017
Re: Bought some I am out for now brokers target 140 p I took 138.75p .. Addicted to dealing !!!
Ripley94
18 Sep 2017
Re: Bought some I did not post the price 2013 . ( Maybe i purchased later in day for 34.45 )Attention drawn to it buy Marksman ( i had not noticed large 23% rise ) But i was out last night and I am hung over, just as well i don't do that to often lolAny reason for today's rise ?
r21442
10 Aug 2017
A tip of the week in tomorrow's IC Tip styleGROWTHRisk ratingMEDIUMTimescaleLONG TERMBull pointsInflows of funds acceleratingDiversifying geographical distributionInstitutional money relatively stableDouble-digit earnings growth forecastBear pointsLower margins on institutional fundsLower dividend yield than rivalsSustainable investment specialist Impax Asset Management (IPX) is small but looks like a mighty promising fund manager. It is gaining new business at an increasingly rapid rate, partly thanks to the growing popularity of so-called 'environmental, social and governance investing' among institutional investors. In fact, during the three months to June it gained more new business than during the its previous two financial years. As a result, City analysts forecast double-digit earnings growth during the next two years.Broker Peel Hunt has already twice upgraded its estimates for 2016-17's earnings per share since Impax issued its latest first-half results in May. In addition, the broker reckons its 2018-19 forecasts could increase by a further 17 per cent if momentum in growing assets under management is maintained.Impax invests predominately in listed equities via four strategies, which include what it labels 'resource efficiency markets' (mostly food, energy and water companies). It also invests in private equity infrastructure and 'sustainable' (ie, low energy consumption) property. The appetite from investors for its services is growing. During the first half of the year, its gained net inflows of £870m. Along with £339m in investment gains, this took total assets under management to £5.7bn. That was despite its strategies having little or no exposure to financial or energy stocks – sectors that recorded the biggest gains during the period.However, during its third quarter it added a further £871m in net new business – compared with £573m during the two years to 31 March 2017. The good news is that the vast majority of the assets Impax manages are on behalf of institutional clients, which are less likely to withdraw funds due to short-term changes in market sentiment. Therefore, mandates are typically larger and longer-term, even if they come with lower profit margins than retail business. There is also increasing pressure being put on institutional investors to place greater importance on environmental issues. Take, for example, a task force on climate-related financial disclosures which was backed by the G20 group of wealthy and fast-growing nations. The task force recommended that asset managers, financial institutions and companies disclose information to enable stakeholders to assess and price climate-related risks and opportunities.Impax is also benefiting from its distribution agreements, notably with BNP Paribas, an investment bank. BNP puts its own label on products based on Impax’s investment strategies. During the two years to 31 March BNP had raised €450m (£405m) for funds based on Impax’s food and agriculture strategy alone, particularly to investors in continental Europe. However, Impax is also gaining traction in North America. For example, it commenced a $100m (£76m) mandate for a segregated account based on its 'leaders' strategy, which targets companies that are resource efficient and environmental leaders.Admittedly, flows can be particularly changeable for asset managers with a tightly-defined focus, such as Impax. The dividend yield offered with the current share price is also lower than some smaller asset managers, such as Liontrust (LIO). However, the significant growth potential does not seem to be reflected in the share price. Earnings per share for that year are forecast to be 7.6p compared with underlying earnings of just 2.9p for 2015-16.The shares are trading at 15 times forecast earnings for 2017-18 . However, after adjusting for the £13m in net cash on its balance sheet, the rating drops to about 13.5 times. With business momentum in full flow, that
equity_dev
17 May 2017
Recording of results webinar If you couldn't join the webinar live a recording is now available to view at: [link] Development
equity_dev
26 Apr 2017
Interim results webinar We will be hosting an interim results webinar for Impax Asset Management Group. Ian Simm, Chief Executive, and Charlie Ridge, Chief Financial Officer, will give a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A. If you would like to join please register now at:[link] registering, you will receive a confirmation email containing information about joining the webinar.If you would like to submit any questions for management ahead of the webinar please send them to [email protected]
Ripley94
12 Dec 2016
Re: Bought some sliced @ 59.75
equity_dev
06 Dec 2016
Webinar with management If you would like to hear management present the results for Impax Asset Management we will be hosting a webinar on Monday 12th December at 1pm. Ian Simm, Chief Executive, and Charlie Ridge, Chief Financial Officer, will give a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A.To join please register at: [link] If you would like to submit any questions for management ahead of the meeting please send them to [email protected] regards,The Equity Development Team
