Impax Asian Share Discussion Threads

[ashbox] 22/8/2013 13:17

Hi, did anyone here choose to rollover their shares into the new IAEMI vehicle? I have shares still showing as A Rights with TD Direct which I thought would have transferred over or have I mis-read something?

[praipus] 31/7/2013 12:42

IAEMI Shares issued and contract 7 August
notes despatched
Despatch of cheques / crediting week commencing 12 August
of CREST accounts in relation
to elections for cash
Listing of Reclassified Shares by 6 August 2014
and the Subscription Shares
cancelled

[praipus] 11/6/2013 16:30

Probably the MM accumulating to fill Paribas Arbitrage order:)

[2baffled] 16/4/2013 22:53

Trade 12, printed 16/04/13 @ 09.37 records 7,780,445 NT, C..

Holdings notice awaited.

[praipus] 11/4/2013 11:04

Hmm just found this from 28th March, 2013


Which might mean that at least half of the institutional world doesnt agree.

[praipus] 11/4/2013 10:57

They do get large returns because most of the trade is a CFD, no stamp duty etc so ROI is good. It's only us terrified PI's that wont touch leverage:)...usually

Theyve also got chunks of BRNE and TRE so perhaps they think Obama is about to make life easy for Renewables, Green and environmental issues.

[kimboy2] 11/4/2013 10:47

I can't see them investing this amount at 97p hoping to realise 105p or whatever it is at the moment. They have also bought the subs which are underwater at the present NAV.

I suspect the exit may well be liquidation but not yet IMV.

[praipus] 11/4/2013 10:37

Exact opposite:)... correction in my limited experience they look for shareholder value and liquidation is just one of the possibilities for achieving it.

[kimboy2] 11/4/2013 10:13

I presume with Weiss buying that liquidation is off the agenda.

[praipus] 08/4/2013 20:13

Weiss buying even more and the subscription shares!


Track the rest of Weiss Asset Managements' trades on the WAM thread:)

[grim] 06/4/2013 18:34

Half page article in today's FT re high level of pollution in some Chinese cities and report out last week that claims 1.2m early deaths result from it in China (40% of the global total). More available data is alarming the citizenry. They don't like it up 'em.

[praipus] 04/4/2013 17:37

Weiss collecting 29%,


I track the rest of Weiss asset Managements tradeson the WAM thread:)

[praipus] 04/4/2013 17:19

Weiss collecting 29%,


I track the rest of Weiss Asset Managements trades on the WAM thread:)

[2baffled] 12/3/2013 23:53

Beats me tho..
Why should [would] INVESCO be offloading their subs.?

imo ....
More capital to be had liquidating the underlying whilst retaining a 2yr. option with the subs.?

[2baffled] 12/3/2013 21:36

IAEM
Two late reported trade prints of 500k each, 94.625p + 96.5p [t-trade rollover?]; Day vol. 1,154,434.

IAES
Pleasing to see the bid-side of the book being well supported through the day after the INVESCO 'spring clean'.

Late trade print of 214,000 @ 7.5p..

[Nothing implied above. Simply observations].

[marab] 12/3/2013 08:20

Looks like Invesco have sold all their subs - 8,107,525, so no more spare subs perhaps, and also a couple of million shares.

[2baffled] 11/3/2013 23:09

Notwihstanding the 'seller';
IAES is being relentlessly bought at the 'offer'.
The 'seller' is now testing 5p. offer.
L2 has seen a sentiment change.
2 mms now biddibg 4p..

IAEM enjoys solid support.
Corporate action on the horizon? Or just ISA season?

[Hope not!]!

IAES;
There's 18 months 'time' to go at yet!

[touchtype] 08/3/2013 16:20

2baffled - would be nice to know who it is, but better to just buy when they are cheap perhaps. Be interesting to see how they move after the usual April highs. IAEM seem to be in the right sectors so maybe we might get a bit more traction yet.

[2baffled] 08/3/2013 14:55

Re IAES;
Yes, there's a seller constantly re-loading 100k. blocks onto the order book.
I wonder if it might be IAEM themselves?

[touchtype] 08/3/2013 11:49

2baffled - IAEM have been doing brilliantly over the last couple of months - a steady upward climb. Someone seems to have a lot of IAES to get rid of though as their seems to have been a lot of buys lately with no obvious sign of sells to match.

[2baffled] 07/3/2013 22:14

Demand for the underlying remains healthy.
Mkt. seems keen on IAES too, but it appears there's a 'tap'.
Never mind .........
NAV continues north;
07 March 2013

Impax Asian Environmental Markets plc announces that as at the close of business on 6(th) March 2013 its unaudited net asset value ("NAV") per ordinary share ("Share") was as follows:
Undiluted NAV per Share (including current financial year revenue items) 112.70p
Undiluted NAV per Share (excluding current financial year revenue items) 111.93p
Diluted NAV per Share (including current financial year revenue items) 110.63p
Diluted NAV per Share (excluding current financial year revenue items) 109.99p

Investments in the Company's portfolio have been valued on a bid price basis.

Diluted NAV per Share assumes full conversion of all outstanding subscription shares in issue to Shares at the subscription price of 100.0p per Share.

No adjustment for dilution to the above NAV has been made in respect of any Shares held in treasury as the Company's presently stated policy is that treasury shares will not be sold at less than NAV.

[2baffled] 06/3/2013 21:18

IAEM 3yr. price/vol. chart.


IAES 3yr. price/vol. chart.


Todays NAV;
RNS Number : 3985Z
Impax Asian Environmental Mkts Plc
06 March 2013
Impax Asian Environmental Markets plc announces that as at the close of business on 5(th) March 2013 its unaudited net asset value ("NAV") per ordinary share ("Share") was as follows:
Undiluted NAV per Share (including current financial year revenue items) 111.12p
Undiluted NAV per Share (excluding current financial year revenue items) 110.37p
Diluted NAV per Share (including current financial year revenue items) 109.31p
Diluted NAV per Share (excluding current financial year revenue items) 108.68p
Investments in the Company's portfolio have been valued on a bid price basis.
Diluted NAV per Share assumes full conversion of all outstanding subscription shares in issue to Shares at the subscription price of 100.0p per Share.
No adjustment for dilution to the above NAV has been made in respect of any Shares held in treasury as the Company's presently stated policy is that treasury shares will not be sold at less than NAV.

IAES Expiry date is end Oct. 2014.
IAES Exercise price is 100p..

Compare the charts. The underlying has velocity.
The sub. is barely priced at 'time' value.

[samuelchristo] 13/2/2012 20:39

Portfolio Spread

Last updated: 31-Jan-2012
Key % Net Assets
Hong Kong 32.00%
Taiwan 10.00%
Korea 7.00%
Singa pore 5.00%
Cash/Cash Equiv. 3.00%
China 1.00%
Other 42.00%

[samuelchristo] 13/2/2012 20:37

RNS Number : 3438X

Impax Asian Environmental Mkts Plc

13 February 2012

Impax Asian Environmental Markets plc announces that as at the close of business on 10 February 2012 its unaudited net asset value ("NAV") per ordinary share ("Share") was as follows:


NAV per Share (including current financial year
revenue items) 100.38p
NAV per Share (excluding current financial year
revenue items) 99.62p


Investments in the Company's portfolio have been valued on a bid price basis.

No dilution to NAV has been made for the outstanding subscription shares in issue as the NAV per Share (excluding current financial year revenue items) is below the subscription price of 100.0p per Share.

No adjustment for dilution to the above NAV has been made in respect of any Shares held in treasury as the Company's presently stated policy is that treasury shares will not be sold at less than NAV.