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IEM Impax Environmental Markets Plc

380.00
-5.00 (-1.30%)
Last Updated: 12:51:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Impax Environmental Markets Plc LSE:IEM London Ordinary Share GB0031232498 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -1.30% 380.00 193,825 12:51:35
Bid Price Offer Price High Price Low Price Open Price
380.00 381.00 382.00 380.00 381.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -206.01M -224.27M -0.7754 -4.90 1.1B
Last Trade Time Trade Type Trade Size Trade Price Currency
14:24:27 O 1,395 380.10 GBX

Impax Environmental Mark... (IEM) Latest News (1)

Impax Environmental Mark... (IEM) Discussions and Chat

Impax Environmental Mark... Forums and Chat

Date Time Title Posts
24/2/202411:32Impax Environmental87

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Impax Environmental Mark... (IEM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:24:28380.101,3955,302.40O
13:16:31380.465,70021,686.22O
13:16:31380.305101,939.53O
13:01:57380.46248943.54O
12:46:11380.102,6009,882.60O

Impax Environmental Mark... (IEM) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Impax Environmental Mark... Daily Update
Impax Environmental Markets Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker IEM. The last closing price for Impax Environmental Mark... was 385p.
Impax Environmental Mark... currently has 289,220,039 shares in issue. The market capitalisation of Impax Environmental Mark... is £1,099,036,148.
Impax Environmental Mark... has a price to earnings ratio (PE ratio) of -4.90.
This morning IEM shares opened at 381p
Posted at 07/10/2021 12:54 by the white house
Left & not back in...yet...NAV down 5pc in a month share price down 10pc....oh dear
Posted at 31/5/2018 14:57 by rrr
I bought a few more with Hargreaves Lansdown this very morning - no problem there. It's a publicly quoted share, an investment trust on the LSE, so I can see no reason why it should be restricted. Sounds like a rubbish excuse to me.

Edit: opening an HL account is easy!
Posted at 23/9/2016 14:55 by tebboc
Yes Luckymouse. I bought in at £2.05 having watched these steadily increase over the past year, and they still keep going. I also like the fact there is a share buy back scheme in operation thereby reducing the shares in circulation. Tempted to buy more on any weakness
Posted at 21/12/2007 07:57 by spangle93
Thanks, rainydays, for the clear explanation

I knew deep down that it would be my failure to do due diligence :-(

Still, as I have IEM in my SS-ISA, because it's a 10 year time scale hold for me, the fact that I've got a few more without losing out on the deal doesn't trouble me too much. Just not the bargain I was erroneously expecting.
Posted at 20/12/2007 21:50 by 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?
Posted at 18/12/2007 10:20 by 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
Posted at 17/12/2007 17:30 by praipus
Will buy some IEM/IEMW and IPX when cash allows. Main holding are in ECWC which has significant wind energy interests and UEMW which has emerging markets utilities interests.
Posted at 20/9/2007 12:10 by lpf
The IEM EGM motion on the Open Offer passed this morning:

This morning, Impax Environmental Markets plc ("IEM"), an environmental
investment trust listed on the London Stock Exchange ("LSE") that is managed by
IAM, held an Extraordinary General Meeting at which a vote was passed to issue
£105 million of subscriptions for C Shares. It is expected that these shares
will begin trading on September 21st 2007. The addition of the C Shares will
take the aggregate net assets of IEM to over £370 million, reinforcing the
trust's position as the leading closed end fund investing in the environmental
sector.
Posted at 10/1/2007 12:28 by eriksay
I don't think that you can draw anything on relative perfomance since May 06.
If you look at relative perfomance over 12 months then there is not much to separate them. Over 3 years, MNE is up over 20% on IEM .

After all they are quite different. IEM holds a large number of diverse holdings, none of which are more than around 3% of the fund, where as some of MNE's holdings are over 5% of the fund and it is very much more concentrated on the renewable energy sector.

IEM is not as volatile as MNE. The IEM 52wk range is 95-118 whereas the MNE 52 wk range is 41-61. The volumes on IEM are also very much smaller than on MNE. At present, IEM is at a premium of circa 6% whereas MNE circa 1%.

I would guess that MNE gets more 'press' being a Merill fund than IEM but I have no data to support this.

Overall, I would be surprised if they moved very closely together.
Posted at 03/1/2007 11:16 by asparks
My top tips for 2007 are renewable energy companies. for a fairly comprehensive list see


Financial Times article
> Renewable energy begins to pick up speed as an investment
> By Fiona Harvey and Kate Burgess
>
> Worrying about the environment is not the prerogative of a fringe of
> ageing hippies it once was. It has become one of the hot topics of the
> capital markets.
> More than $70bn (£36bn) of new money was invested globally in clean or
> renewable energy or clean technology last year, says Michael Liebreich
> at New Energy Finance, a specialist research firm. That was a 43 per
> cent increase on the year before, he says.
> He reckons there are more than 1,246 private equity funds targeting
> environmental projects: "All the biggest private equity houses are
> looking at this space."
> The latest to launch a fund was Hg Capital, which reported last week
> it had raised EUR330m (£222m) for a fund investing in renewable power
> in Europe.
> Conventional asset managers and hedge fund managers are joining the
> fray. According to the UK Social Investment Forum more than EUR780bn
> had been invested in socially responsible investments and funds and
> the bulk of SRI funds use environmental criteria to pick stocks.
> Standard Life Investments and Merrill Lynch Investment Managers have
> both highlighted the environment as an important investment theme for
> 2007 as environmental issues become more integrated into mainstream
> asset management and corporate behaviour.
> "Investors are seeing potential for profits, from the trading of
> pollution permits to investing in new technologies and approaches
> designed to cope with increasing scarcity of resources such as oil and
> water," says Standard Life.
> As the investment case for renewable energy strengthens, more
> companies are being drawn to list on the public markets.
> So far 50 companies focused on renewable energy have floated on Aim
> and more are expected in the next year or so.
> Wind power and ethanol turned out to be the best bets for investors
> last year in the burgeoning market for renewable energy.
> The highest performing renewable energy stock on Aim, by a large
> margin, was Clipper Windpower, the developer of wind farms in the US.
> Clipper, whose chairman is the former Conservative minister Lord
> Moynihan, more than doubled in value during the year, continuing the
> strong performance since the company listed in September 2005.
> Shares in Clipper jumped more than 75 per cent in July when the
> company announced a deal with BP to develop jointly five wind farms in
> the US.
> Wind is the most mature of all renewable energy technologies and
> companies with good wind sites can make substantial profits as
> electricity prices have remained high.
> Turbine design has advanced to allow much more power to be generated
> than was possible in the past, up to 3MW or even 5MW in the case of
> the biggest models. In addition, most developed country governments,
> including the UK and the US, offer a subsidy for wind power
> generation.
> The mixture of government support, high energy prices, carbon trading
> and concerns about the security of energy supplies have all combined
> in the past two years to make renewable energy an attractive sector.
> High energy prices have changed the economics of renewable energy, as
> has carbon trading, initiated by the European Union in January 2005,
> which puts an extra cost on fossil-fuel power generation, making
> renewable energy more economical.
> More than £500m of wind turbines were commissioned in the UK in 2006,
> according to the British Wind Energy Association.
> But investors ought to be wary of the potential problems associated
> with wind power.
> Shane Woodroffe, director of renewable energy at Fortis Bank, notes
> there are estimated to be more wind farms in planning in the UK, or
> about 2GW to 4GW of generating capacity, than there are wind farms
> already operating.
> That reflects the difficulty of gaining planning permission from local
> authorities. Companies must also get permission for any additional
> networks of large pylons that must be set up to connect remote wind
> farms to the electricity grid.
> Many of the UK's windiest sites, and those where planning permission
> is relatively easy to obtain, have been taken.
> Potentially more damaging to investors is that the Department of Trade
> and Industry is to review its subsidy regime in 2007 and may reduce
> the money available for onshore wind farms.
> The Carbon Trust, one of the government's chief advisers, has called
> for other less mature technologies, such as offshore wind farms and
> tidal and wave energy, to be favoured in future.
> Complicating matters further is a global shortage of wind turbines,
> caused by greatly increased global demand and high steel prices.
> David Fitzsimmons, chief executive of Novera Energy, one of the UK's
> biggest pure play renewable companies, says he expects consolidation
> to take place this year. "We're taking this forward from being a
> cottage industry," he says. "I think the interest will be in
> [companies with] existing assets rather than developing new assets."
> Ethanol companies such as Renova Energy and GTL Resources also fared
> well in 2006. They are cashing in on the ethanol boom in the US.
> However, there are potential dangers for these companies too. The crux
> of their business model is to exploit the lower price of ethanol
> compared with petrol.
> Yet those economics are changing as a bad grain harvest in many places
> has pushed up the price of their raw materials, while the oil price
> has come off its recent highs.
> Investors putting their faith in other biofuels will have seen mixed
> results. D1 Oils, a company founded and chaired by entrepreneur Karl
> Watkin, plans to make biodiesel from the jatropha plant, which it
> believes it can grow in countries such as India.
> The company's shares have almost halved since April. It said this
> summer it was in early discussions about a buy-out but instead is
> raising nearly £50m by means of a share placing.
> In the meantime, a series of problems at its Teesside factory has
> beset the indebted Biofuels Corporation, which warned last month it
> would have to seek more funding next April in order to continue as a
> going concern.
> Emissions trading specialists have sprung up to take advantage of the
> new markets in carbon dioxide brought into being by the Kyoto protocol
> and the European Union's greenhouse gas emissions trading scheme.
> These have also experienced divergent fortunes. Climate Exchange was
> one of the best performers of "clean energy" companies on Aim, but
> Trading Emissions lost value during the year. Yet the UK is likely to
> remain the centre for emissions trading for the foreseeable future,
> according to Paul Newman, London managing director at Icap Energy (see
> profile below).
> One of the renewable energy technologies to have received most hype in
> the past few years is the fuel cell. These devices, which generate
> electricity from hydrogen or ethanol, have been around for decades.
> However, the technology to make them has not yet been proven and it
> remains several years from widespread commercial application.
> In April this year, the fuel cell specialist ITM Power was one of the
> relative heavyweights among renewable energy companies because it had
> found a way to make it cheaper to produce some of the important
> components in hydrogen fuel cells.
> However, as it became clear this technology would take years to come
> to market, the company's value fell from £140m to £125m.
> Renewable energy in general is poised to receive more investment in
> 2007, according to Mr Woodroffe of Fortis. "I'd say this will be one
> of the big growth markets, definitely."
> Venture capitalists are also taking a keen interest. Mark Kerr, a
> director at 3i, which last month invested EUR30m in Electrawinds of
> Belgium, says: "The economics of renewable energy are more compelling
> than the economics of traditional power generation opportunities from
> a venture capital perspective, because traditional power is a mature
> industry but renewable has huge opportunities for growing companies."
> He said he also expectedto see consolidation in the renewable
> industry, whichis characterised by a large number of small companies
> and a few big energy companies that dabble in renewable energy.
Impax Environmental Mark... share price data is direct from the London Stock Exchange

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