Impax is hardly the disaster implied by its share price, which is down 31% over six months and 68% over 12 - a forward PE of just 8.5 for a business with £65m of net cash and no debt.
Tough H1 for Impax, but shares look detached…
Impax is hardly the disaster implied by its share price, which is down 31% over six months and 68% over 12 - a forward PE of just 8.5 for a business with £65m of net cash and no debt.