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[BLOG] ToffCap

Added to YB: 2026-01-22

Pitch date: 2026-01-20

IEM.L [neutral]

Impax Environmental Markets plc

+3.98%

current return

Author Info

No bio for this author

Company Info

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited.

Market Cap

GBP 810.2M

Pitch Price

GBP 4.18

Price Target

N/A

Dividend

1.18%

EV/EBITDA

N/A

P/E

-21.78

EV/Sales

-30.60

Sector

Capital Markets

Category

special_situation

Show full summary:
ToffCap's Monday Monitor - Impax Environmental Markets Trust Plc

IEM.L (update): Impax Environmental Markets planning 100% tender at close to NAV, conditional on Saba tendering its 20.7% stake. ~5% spread to offer seems highly likely given fund's historically large discount trading. Saba catalyst play.

Read full article (1 min)