Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: Yellowstone, 5 Mar 2024 16:00
Last post: Yellowstone, 25 Mar 2024 08:33
Investor Webinar at 1pm today. Luke Grant, Head of Investor Relations and Group Financial Controller and Edward Hann, Investor Relations Analyst will provide an introduction to IMI plc and update on performance following the publication of the FY results which were released on 1st March. Register
https://us02web.zoom.us/webinar/register/5117068043274/WN__ciW3xvCQ82OeiTBX2Cpjg
IMI - released excellent FY results, slightly ahead of expectations last week. Strong growth expected in 2024. Hear the story at a webinar for private investors on 25/3 at 1pm
Register
https://us02web.zoom.us/webinar/register/5117068043274/WN__ciW3xvCQ82OeiTBX2Cpjg
Started: stargate, 21 Dec 2023 01:44
Last post: stargate, 21 Dec 2023 01:44
Reverse head and shoulder price formation , would predict sp, target of 2188. Overhead supply from previous trading, is 2-3 years ago , so seems unlikely to hold back the equity price rise.
Started: lebugue-addick, 26 Apr 2021 19:29
Last post: lebugue-addick, 28 Jul 2023 14:13
Yet another great update!
IMI has joined FTSE100
If you missed the IMI webinar which covered an introduction to the company and a run through of the impressive FY22 results you can watch a recording here.
https://youtu.be/y1qZhj3xf2M
#IMI - Webinar today at 1pm with Head of Investor Relations. Hear about the strong performance in 2022 and expectations for 2023. Register
https://us02web.zoom.us/webinar/register/1316729979854/WN_ILOBO0vuSD-wQxyVCKqcew
Another solid set of results
Started: Yellowstone, 24 Feb 2023 15:40
Last post: Yellowstone, 24 Feb 2023 15:40
IMI investor webinar coming up.
Luke Grant, Head of Investor Relations and Group Financial Controller and Edward Hann, Investor Relations analyst will provide an introduction to IMI plc and update on performance following the publication of the FY results which will be released on 3rd March
The webinar will take place at 1pm on 21st March.
Register
https://us02web.zoom.us/webinar/register/1316729979854/WN_ILOBO0vuSD-wQxyVCKqcew
Started: Wishfulthinker, 6 Jan 2021 16:13
Last post: Wishfulthinker, 6 Jan 2021 16:13
Liberium upgrades to 1500 target.
Started: pistonbroke, 27 Aug 2019 15:33
Last post: jollyspeculator, 8 Jun 2020 09:53
nope
Like it though ! Have they got some new Covid positive product or service happening ??
looks fairly richly priced
Weak GBP and undervalued share price, my prediction for the next GNK with 30-40% premium from here. Just saying :)
Nice trading update. Nothing dodgy about yesterday’s pm trading.
Started: Vulcan998, 31 Jul 2018 08:49
Last post: Thinktankforlogi, 31 Jul 2018 08:51
lets wait and see if it will break through 1220 point.
so hopefully a blue day / week / month.
Debt up but this is due to Bimba purchase. Interest charges being well managed.
Started: Trickyhilly, 2 Mar 2018 15:33
Last post: Casa67, 2 Mar 2018 16:20
Thanks for the reply TH, I bought in - but was'nt sure if there was an issue?
Hi casa. SP today a cracking opportunity
Started: Casa67, 2 Mar 2018 09:14
Last post: Casa67, 2 Mar 2018 09:14
Today's RNS: Key points � Results in-line with market expectations � Continued good progress on strategic initiatives � Good operating cash flow of �218m supported debt reduction � Adjusted Basic EPS increased 9% � Continued de-risking of global pension liabilities � 2% increase in the full year dividend recommended � Announced acquisition of Bimba Appreciate any thoughts surrounding the SP drop today? Thanks Casa
14.2p to go ex div on 10 Aug with payment on 15 Sept. Dropped to accomodate big buyers???
Last post: taudelta, 30 Sep 2014 13:41
A very late reply as I've only just checked in! The return on equity is enormous... therefore for the P/E not to be ridiculously low, the price/book has to be high. The equation is: [price/book] = [p/e] X [ROE].
does anyone know why the P/B ratio on this is so comparatively high? Is it because of the pension payment,share buyback and high brand name value?
Started: Monkeyfud, 3 Feb 2014 17:25
Last post: Monkeyfud, 3 Feb 2014 17:25
I note that there is a return of cash due to investors here of 200 pence per share. I also note brokers estimate are currently circa 200 pence above the current bid value. Would it be sensible to buy some of these for the 200pence per share return?
IMI: HSBC increases target price from 1530p to 1675p, while downgrading to neutral.
IMI: Morgan Stanley moves target price from 1154p to 1192p, while downgrading to equal-weight.
IMI: UBS takes target price from 925p to 1000p downgrading from neutral to sell.
IMI: Alphavalue downgrades to reduce, while maintaining the target price at 1102.50p.
Started: mulledwine, 29 Nov 2012 17:31
Last post: mulledwine, 29 Nov 2012 17:31
In its recent trading update, IMI said organic revenues growth in the year to date was 4% – or 6% including acquisitions and exchange rate movements. However, there was a slowdown in growth. There was no outlook for 2013 given in the statement. However, management said that second-half bookings momentum was similar to the first half at around 4%. This was down on last year on an organic basis, hit by lower activity in nuclear and IMI’s “more selective approach to new fossil power projects in India and China”. Some analysts trimmed estimates after the statement, but all in all the valuation is looking reasonable. The shares are trading on a 2013 earnings multiple of 11.7, falling to 10.7 in 2014. The prospective yield is 3.5% next year rising to 3.8%. The Telegraph’s Questor team last said to hold the stock when the shares were at 991p in March. Since then the shares have been as low as 780p before rallying back to the level seen in March. There are still major questions about the global economy in 2013, but IMI’s end markets should remain active, if not buoyant. However, the lack of clarity means that the shares must stay at a hold rating for now, Questor believes.
IMI: Morgan Stanley raises target price from 1123p to 1154p, overweight rating kept.
IMI: UBS raises target price from 850p to 925p, neutral rating kept.
Engineering giant IMI said that second-half trading has been in line with expectations so far though it did highlight some weakness in its Fluid Power division, owing to a tough US vehicle market. Group organic revenues, which adjust for acquisitions and exchange rate movements, were up 3% in the four months to the end of October and were 4% higher for the first 10 months of the year. Reported revenues meanwhile were up 5% and 6%, respectively. However, volumes in the IMI's largest division, Fluid Power, which accounted for a third of group sales last year, had weakened as anticipated, the company said. In the four months to the end of October, Fluid Power organic revenues fell 4% and were down 2% in the year-to-date. "The principal contributor to this decline has been the commercial vehicle sector, most notably in the US, with revenues down 8% for the four months to the end of October," the firm said. Elsewhere, the company's units have held up well with: 15% organic growth seen in the Severe Service unit, its second-largest division which accounted for a quarter of group sales last year; 2% organic growth in Indoor Climate; flat revenues in Beverage; and 6% organic growth in Merchandising. The company said it has retained a strong balance sheet with year-end net debt expected to be between £150m and £170m "following a seasonally strong second-half cash performance". However, this is still significantly up from the £108m of net debt at the end of the previous fiscal year.
iMI: Panmure Gordon downgrades from buy to hold, target cut from 1,140p to 1,040p.
IMI: Societe Generale initiates coverage with buy rating and 1,080p target.
Global engineering group IMI is to set up a joint venture in China to supply the country's burgeoning nuclear power industry. The firm has signed an agreement with Shanghai Automation Instrumentation Company (SAIC) to supply control valves for new plants. SAIC are industry leaders in controls and instrumentation technology and were already important suppliers to the Chinese nuclear industry, IMI said. The nuclear power market in China is expanding fast with 15 operational reactors, 27 under construction and more expected to start construction in the near future. IMI said the new company would produce the valves at a new production facility to be built on the Chong Ming Island of Shanghai.