|Impax Environmental Markets
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Impax Environmental Markets News
|Impax Environmental Markets Daily Update: Impax Environmental Markets is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker IEM. The last closing price for Impax Environmental Markets was 216.50p.|
Impax Environmental Markets has a 4 week average price of 218.60p and a 12 week average price of 213.53p.
The 1 year high share price is 225p while the 1 year low share price is currently 141p.
There are currently 219,968,264 shares in issue and the average daily traded volume is 98,426 shares. The market capitalisation of Impax Environmental Markets is £477,881,053.54.
|spangle93: I know I've had a hard day Xmas shopping, so brain is in neutral, but can someone explain whether I've been diddled?
In August I got an offer to buy "1 new C share for each 3 ordinary shares held. The new shares will cost 100p each". OK, maybe I was naive to see this as being a preferential discount (20%) to the 120p or so that the ordinary shares were priced at the back end of August. Let's say I had 3000 shares, so I opted for my full allowance of 1000 "C" shares for £1000.
I got a letter from the broker today, telling me my 1000 "C" shares have now been converted to IEM ordinary shares. But not at 1:1. At 0.798:1. So my 1000 "C" shares are now 798 ordinary shares. At the ordinary share price on the 18th of 125p, the value is ... £998.
So basically, I haven't really benefitted or lost from taking up those C shares, other than saving the dealing cost of buying them on the open market.
I guess it's caveat emptor, but in none of the literature I read did it indicate that the conversion wouldn't be 1:1. Maybe because I hold IEM under a nominee account, I didn't see a thick document, in which it probably stated this. But in the one page that hargreaves-lansdown sent, there was no indication that the conversion rate wouldn't be 1-1.
Could someone confirm that this is a fair reading of the situation?|
|praipus: rainydays - youthfull exuberence - still not too late to hop on ECWC or UEMW - lot of things not in Ecofins NAV and share price yet.
Best BB for ECWC is probably, I
|m.t.glass: The Telegraph
26 March 2006
Impax Environmental Markets
Companies involved with finding solutions to the environmental issues facing society have the potential to become a boom area for investors. The difficulty for the average punter with limited time and technical knowledge is distinguishing the interesting companies with promising technologies from those heading into a dead end.
The answer could be an investment trust run by professional investors. Impax Group, the Aim-listed environmental investor, raised new funds for its trust, Impax Environmental Markets (111.75p), in November and investors who put money in then have seen a 25 per cent return.
IEM invests in small and mid cap growth stocks active in environmental markets around the world. In the three years since its launch the fund has increased in value by 120 per cent. IEM is managed by Impax Asset Management, a wholly-owned subsidiary of Impax Group.
Over the past 12 months, Impax Group has more than tripled its funds under management to nearly £300m, making it one Europe's biggest and most experienced investors in renewables and other environmental technologies.
Impax now manages money for many of the UK's leading institutional investors including British Airways Pension Fund, Co-operative Insurance Society and Universities Superannuation Scheme. The group's share price has tripled since August 2005 but we recommend investing in the IEM trust.|
Impax Environmental Markets share price data is direct from the London Stock Exchange