In October 2019, Impax reported impressive AUM growth, closing FY19 on £15.1bn, up 21% on FY18 (AUM continued to rise post year-end, to £15.7bn on 30 November 2019). Now, with the release of its annual results, we see how that growth has underpinned a rock-solid financial performance. Our fair valuation of 350p/share comfortably supports the price despite recent gains.
16 Dec 2019
Foundations laid for further growth
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Foundations laid for further growth
Impax Asset Management Group plc (IPX:LON) | 463 0 0.0% | Mkt Cap: 613.6m
- Published:
16 Dec 2019 -
Author:
Paul Bryant -
Pages:
15
In October 2019, Impax reported impressive AUM growth, closing FY19 on £15.1bn, up 21% on FY18 (AUM continued to rise post year-end, to £15.7bn on 30 November 2019). Now, with the release of its annual results, we see how that growth has underpinned a rock-solid financial performance. Our fair valuation of 350p/share comfortably supports the price despite recent gains.