Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Nice rise since the article...I'm heading towards a 10% gain in a few days. Any views on where the SP might next ?
Good write up today in IC https://www.investorschronicle.co.uk/tips-ideas/2017/08/10/undervalued-impax-on-a-roll/
Is there anybody following this company? I find some of the best run companies tend to have the quietest boards
If you couldn't join the webinar live a recording is now available to view at: https://www.youtube.com/watch?v=XxUktd8_er8 Thanks, Equity Development
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: https://attendee.gotowebinar.com/register/1334872369563743233 After 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 ben.ferguson@equitydevelopment.co.uk
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: https://attendee.gotowebinar.com/register/2019095153726794242 If you would like to submit any questions for management ahead of the meeting please send them to ben.ferguson@equitydevelopment.co.uk Kind regards, The Equity Development Team
http://www.investegate.co.uk/impax-asset-mngmnt--ipx-/rns/update/201305011446507770D/
Market value: £44.1 million Prospective dividend yield: 2.5%
The trust is a key barometer for how Impax as a group is doing as the process used to run it is employed across approximately £900 million, or half of the manager's total £1.8 billion of assets under management (31 October 2012). If the trust keeps on performing it should only be a matter of time before the market joins up the dots for Impax. The manager is looking extremely cheap on a forward price/earnings ratio of ten, especially since half of the firm's valuation is underpinned by cash. The company has no debt.
Building blocks The Impax Environmental Markets trust's largest holding is Irish materials giant Kingspan (KGP), itself a play on US housebuilding. The fund's net asset value (NAV) has risen by 14.1% since October (see chart) so it has kept pace with the ET 50. The vehicle's share price has woken up too. The NAV discount has narrowed from 18.0% at 31 December 2012 to 17.2% at the time of writing as the shares have risen by 12.5% year to date.
But while Europeans may be finding it hard to put a price on global warming, the political will to keep the system going is there and the US could well emulate the EU ETS in light of president Obama's clear preference for cap and trade over taxation as a rationing mechanism. Newsflow for alternative energy names should start to improve. A large number of stocks in the ET50 which manufacture green building materials are already giving out more encouraging signals, buoyed by a recovery in the American residential property market and ultra-loose monetary policy.
Warming up Downtrodden green companies are a leveraged play on equities as risk appetite improves and they bounce back from depressed valuations. The market is therefore overlooking how Impax is also a beneficiary of this theme, since its shares continue to drift. Sentiment may have been held back by a drop in the Carbon Emissions Certificate (CER) below €5 for the first time earlier his month. The CER is the cost for a European polluter to emit one tonne of greenhouse gas carbon dioxide within the cap-and-trade framework set out by the European Union Emissions Trading Scheme (EU ETS).
Yet environmental stocks should not be viewed through the lens of UK equities, since the bulk of their market value lies in the US. Those looking for a better handle on how they are really performing would be best to take a look at the globally diversified FTSE Environmental Opportunities All-Share (ET50) index, which can point to a 15.8% gain since the beginning of October 2012.
Environmental fund manager Impax Asset Management (IPX) is yet to reflect a recovery in its end markets, so buy now before this anomaly corrects itself. A likely rerating catalyst is continued strong performance from the firm's Impax Environmental Markets (IEM) investment trust. Impax sources much of its funds from British private client wealth managers and sentiment among UK investors towards green stocks remains resolutely downbeat. This is perhaps unsurprising. The last constituent of the FTSE All-Share from the Alternative Energy area was PV Crystalox Solar (PVCS) and it dropped out the index in June to leave UK investors bereft of a benchmark and with only memories of what had been a dog of a sector.
The company's cash reserves stood at around £20m at August 31 2012.
Impax Asset Management said assets under management fell 4 per cent for the full year but expects operating earnings to be in line with market forecasts. The aim listed investment manager said assets under management (AUM) fell to £1.819bn at August 31st 2012 from £1.896bn at September 30 2011. Positive investment returns, net of currency movements, of £55m have been offset by net outflows of £132m. Overall Impax expects operating earnings to be broadly in line with market expectations. The group said it has recently completed the expansion of its stock coverage to include the agriculture and food sector, and expects to launch a product in this area in the near future. It also continues to invest in its distribution capability in the US. Chief Executive Ian Simm commented: "The Impax team has continued to focus on delivering strong investment performance for clients while carefully extending our research coverage and distribution channels." In a separate statement the group confirmed that it has bought back 3.5m shares under the group's programme to reduce the requirement to issue new shares to satisfy the exercise of options awarded under its Employee Share Option Plan.
Peel Hunt initiates buy Impax Asset Management, target price 60p.
Impax Asset Management, which has a couple of investment trusts in quoted companies and a couple for private equity. The quoted companies include Rotork, a long-time favourite of retail investors, and Ceres Power, the fuel cell business also much debated on bulletin boards. One for those utterly convinced that the environmental sector will continue to grow; not for doubters on green issues, says the Times. The Independent says Impax’s confidence that an increasing number of investors will look to alternative energy certainly appears to be well-placed in light of yesterday’s interim results. Confirmation of further growth should send the shares higher. Buy, says the Independent.
LOL This one was about my second buy on the stockmarket (about 30'odd pence). I have it tucked away on certificate in the hope that when I'm about 50 I may recover my money ;-) I may even pass it on to the kids incase they have to wait till they are about 50. Seriously I should relook it at the lows.
Thanks for the headsup on Sunday, got in today @ 127- new to premium chat and doubt I'll have much to contribute so keep up the ramblings please!
At last it looks like some investors have at last woken up to this stocks potential. Been steadily climbing since August, I am holding for long term!
I'm afraid to go near this again, again, again. Ran a check on it by dumping a hypothetical 600quid in and not liking the get out point. Would need to play around £5000 for it to be valid and as it's VGM..... After so saying, when we last spoke about it in another forum, it was at a def buy in point and it has performed since. Think I shall wait for the retrace.
1st trade gone through at 12.75p for 7,843 shares