Impax Environmental Markets (IEM)

Sector:

Investment Firms

Index:

FTSE 250

390.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 405.50
  • 52 Week Low: 334.50
  • Currency: UK Pounds
  • Shares Issued: 251.43m
  • Volume: 485,971
  • Market Cap: £981.84m
  • RiskGrade: 104

Impax Environmental Markets NAV falls in H1

By Iain Gilbert

Date: Monday 12 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Environmental markets investment trust Impax Environmental Markets said on Monday that net asset value had fallen in the six months ended 30 June amid "material volatility".
Impax Environmental said net asset values had slipped from 434.9p at the end of FY24 to 429.3p at the midway point of FY24, while net assets fell from £1.22bn to £1.11bn. Ordinary share prices dropped from 400.0p to 388.0p.

Chairman Glen Suarez said: "The first half of 2024 for IEM has been marked by material volatility. Following our recent full year report, there have been continued challenges and upheavals in the macroeconomic environment which have created an uncertain backdrop generating headwinds for the small- and mid-cap companies in which IEM invests. Consequently, while the Company's investment thesis remains strong, and valuations have become increasingly attractive, IEM has seen its portfolio fall very slightly in value."

"With upcoming worldwide elections, changing trade policies, continuing conflicts and interest rate cut uncertainty, and the current trend of investor demand pushing investment trusts to discounts, the second half of 2024 will continue to present challenges and opportunities for IEM."

As of 0850 BST, Impax shares were up 1.06% at 363.82p.

















Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IEM Market Data

Currency UK Pounds
Share Price 390.50p
Change Today -2.00p
% Change -0.51 %
52 Week High 405.50
52 Week Low 334.50
Volume 485,971
Shares Issued 251.43m
Market Cap £981.84m
RiskGrade 104

IEM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.83% below the market average75.83% below the market average75.83% below the market average75.83% below the market average75.83% below the market average
66.21% below the sector average66.21% below the sector average66.21% below the sector average66.21% below the sector average66.21% below the sector average
Price Trend
3.16% below the market average3.16% below the market average3.16% below the market average3.16% below the market average3.16% below the market average
30.22% below the sector average30.22% below the sector average30.22% below the sector average30.22% below the sector average30.22% below the sector average
Income
66.1% below the market average66.1% below the market average66.1% below the market average66.1% below the market average66.1% below the market average
45.54% below the sector average45.54% below the sector average45.54% below the sector average45.54% below the sector average45.54% below the sector average
Growth
41.95% above the market average41.95% above the market average41.95% above the market average41.95% above the market average41.95% above the market average
39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average

IEM Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 15-Aug-24 15-Feb-24
Paid 05-Sep-24 15-Mar-24
Amount 1.80p 2.90p

Trades for 08-Oct-2024

Time Volume / Share Price
16:35 50,033 @ 390.50p
16:35 45 @ 390.50p
16:35 18 @ 390.50p
16:35 51 @ 390.50p
16:35 1,386 @ 390.50p

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