ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

EML Emmerson Plc

2.10
-0.05 (-2.33%)
Last Updated: 08:36:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Emmerson Plc LSE:EML London Ordinary Share IM00BDHDTX83 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -2.33% 2.10 2.00 2.20 2.15 2.10 2.15 162,539 08:36:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -3.2M -0.0031 -6.94 22.07M
Emmerson Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker EML. The last closing price for Emmerson was 2.15p. Over the last year, Emmerson shares have traded in a share price range of 1.175p to 6.00p.

Emmerson currently has 1,026,743,224 shares in issue. The market capitalisation of Emmerson is £22.07 million. Emmerson has a price to earnings ratio (PE ratio) of -6.94.

Emmerson Share Discussion Threads

Showing 7651 to 7675 of 12075 messages
Chat Pages: Latest  315  314  313  312  311  310  309  308  307  306  305  304  Older
DateSubjectAuthorDiscuss
03/6/2021
15:17
Omg what happened permit???
yasyas1
03/6/2021
13:28
Past 3 month decline reversed in just over an hour

Certainly looks a bit leaky, hopefully for shareholders this time in a positive way

sportbilly1976
03/6/2021
13:19
Might get a speeding ticket at this rate?
qazwsxedc69
03/6/2021
13:07
As a mere PI Airbag, i'll take a leak or anything which will move us in the right direction
westie50
03/6/2021
12:46
OK but a tweet like that doesn't make a share go up 12%.
I am fearful we have someone who is dishonest on the team and likes to leak to the city spivs

1airbag
03/6/2021
12:45
CyberB - certainly - I always look to the full feasibilty studies (if available to pi's) before looking at anything else. Usually, the company PR and presentations just cherry pick some statistics. In fact I avoid cos which don't publish the studies in full. It was one of my reservations re EML. The bits they have published on the various options just aren't detailed enough. I seem to remember that's what I said when I first posted. Having said which, it's news that determines share action at this stage of development. Its when the institutions start chewing over the FS before a funding decision when one has to be careful and look beyond the PR. They will look beyond any 'NPV' and work out what the actual year by year cash flows per share will be, because that's what will determine the share price in the early years, as will the risks in starting up. (remember Wolf Minerals which went bust despite an excellent looking NPV and close to 'hoped for' production. Not to mention SXX !)
lurker5
03/6/2021
12:41
Emmerson PLC
@emmerson_plc
·
New Tweet 10 minutes ago

Project’s location relative to target markets will deliver premium netback price versus many peers.

The need to feed the world's rapidly increasing population is driving demand for potash, and #EML is well-placed to benefit from the opportunities this presents.

monet
03/6/2021
12:32
it must be news leaking. The permit?
1airbag
03/6/2021
12:08
I took a call this morning from someone close to the coal face shall we say. Basically the BODs + senior managers/advisors are for sure onto something major here and by year end at the very latest as that is how all their incentives are slanted towards!!!!

The impression that I was left with is that post the above....LSE:EML would be trading in the region of 15p to 25p

the chairman elect
03/6/2021
11:52
Encouraging action - and on a volume spike as well... Let's see...
cyberbub
03/6/2021
11:45
News leaking?
apfindley
03/6/2021
08:04
Another tweet from Emmerson this morning, saying how they have assembled the right team to pull this altogether.
gateside
03/6/2021
07:55
#Mr Pond..., true, that could well be the case and it is all but done with spare time to fill.. :o), the funding package must be getting closer now with the presentations noise at full pace recently which could be indicative of trying to get the share price up ahead of a discounted VWAP raise, this would be a pretty standard format..

Tick tock, time will tell...

laurence llewelyn binliner
03/6/2021
07:16
To be fair, I don't think sorting funding is a full time job. I think arranging things so OCP pay up is the key thing and it may need face to face contact that is currently difficult to achieve
donald pond
03/6/2021
07:13
#Mr Pond... interesting, call me a cynic, but, does that come across like someone giving EML his 100% full attention to pull the best possible funding package together...? or someone hedging their position in case 1 of them does not get funded to move forward..?
laurence llewelyn binliner
03/6/2021
06:39
It looks like HL now has at least a third jobhttps://twitter.com/haydenlocke5/status/1400324397492224000?s=21
donald pond
03/6/2021
06:32
Mesb - Many thanks for your informed comments. Much appreciated.
westie50
02/6/2021
23:53
Mesb I agree with you. I have previously said that taking a very pessimistic scenario for both long-term MOP prices and the number of shares in issue when in production, I find it very hard to see an share price below 20p at that stage.So if I'm correct then from 5p there is no downside, unless you genuinely believe that either the project is uninvestable and will fail to attract any funding for some reason, or that the government will steam in and nationalise Khemmiset with no compensation, ie. steal it (thereby destroying for years their country's chances of attracting foreign investment). In both situations the share price is worth 0p - but are either of those situations likely? I don't think so.On the upside risk, with MOP prices even a bit below the FS's central scenario, and just a half-decent funding package (though I believe our management are capable of better), the share price target in production has to be 50p+ IMO. With a following wind potentially much higher, for people willing to wait.No advice intended.
cyberbub
02/6/2021
23:41
Mesb, the Moroccan government aren't idiots. EML's mine will add 1% to the country's national tax revenues!! Plus the EIA has been produced by top in-country experts. *Of course* the EIA will be approved. It would be a scandal if it weren't, and would undermine the country's reputation for investment. In the worst case scenario the govt might ask for a bit of clarification/update on the EIA, take another month or two max - but I would have thought they would have made this clear much earlier than today, if that was the case.
cyberbub
02/6/2021
23:06
All assuming too the environmental permit comes through….
mesb48
02/6/2021
22:57
Lurker, thanks for responding. I appreciate it.

It’s interesting because the confusion over the financial model largely in my view stems from the change in CEO who inevitably was trying to show his credentials and improve on the published FS. Also I count myself one of those who thought the company was exposed too much to cyclical MOP prices, so they have tried emphasising the extra opportunity with SOP and salt.

Like Cyber says, the FS is detailed and gives different financials for different MOP prices for example. So that is really only what we as investors can mainly fall back on. What management has not made clear enough, but which if I have understood correctly by listening to all their many presentations in recent weeks, is that the phase 1/2 of the recently announced phased development plan is equivalent to the FS (but with a more gradual ramp up/lower initial capex) and then phase 3/4 are extra. I think therefore if they were to redo the FS now, it would look substantially better than the FS.

However the phased plan is only to scoping study type standard, so the banks and other potential equity type investors probably can’t use or at least rely on it. That plus the fact that the potential strategic investors seem to want maximum volume output early on (based on Graham’s comments) means the FS figures are currently the only ones we can use to assess the investment opportunity. The phased plan is really a backup - however it’s massively muddied the water even if the goal of it was well intentioned I think.

So I’ve tried to follow an ‘Edison style’ approach you have referred to in a previous post. My quick model says that even based on the worst case (in the FS) MOP prices and (assuming 5 years for site build and debt repayment) only using years 6, 7 and 8 after tax cash flow (for something with purportedly a 19 year mine life or longer), I cover the current share price using the Edison style 10% discount rate on expected maximum dividends. To get there, I’m guesstimating the number of shares still to be issued to complete financing.

That seems to me to leave some nice upside if management could lay their plans out more clearly: 1) current MOP prices are better than the worst case FS assumption, 2) phase 3/4 are extra, 3) only using 3 years of post tax cash flows seems unduly harsh to value a long term investment opportunity like this. Etc.

You may have emboldened me with a clarity of approach to write to management to up their game. I’m no expert so don’t pretend to have all the answers but see there’s opportunity here if management can stop screwing the investor relations up!

mesb48
02/6/2021
17:07
Lurker when you say funding 'options', surely the options are clear? The question really is the 'price' of the funding, and the consequent dilution.Unless you're saying you think the project is unfundable at any level?(BTW I would agree that most research is just PR. However FS/BFS documents hold more credibility for me, as they are detailed, complex documents based on stated and justified/challengeable assumptions, and usually prepared by mining engineering/economics experts who have a reputation to protect. Hence why I'm happy to accept that even with the more pessimistic scenarios in EML's FS, we are seriously undervalued today - and projecting to the in-production situation.)
cyberbub
02/6/2021
15:48
mes. I specifically said re Hardman that it was mistaken in peddling the 'NPV' canard. Its been under different management for a long time now with growth ambitions, whereas I only took on clients I had already sussed out as worth promoting - unlike most such today who will take on anyone. I also published my own mining newsletter for Institutions for some years which was very successful and well received. Unfortunately the market for 'objective' research finally and totally collapsed after 2011, having been badly damaged in 2008. (It also collapsed for the last specialist mining broker to have published its own minng newsletter) Today I don't think you'll find the institutions take much notice of paid for research unless from particular rated individuals - of whom there are not many around. Most such 'research' is merely an extension of company PR, which is precisely what the Hardman report looked like.
And re EML, I said earlier that its funding options needed to be much clearer before I'd think of investing

lurker5
02/6/2021
08:05
Ah well, environmental permit now imminent (hopefully).
trying2getrichquick
02/6/2021
08:04
Looking at L2, the share price has gone down 1% because someone sold £92 worth of shares, in a company with a market cap of £43 million. This share price, is getting so manipulated.
trying2getrichquick
Chat Pages: Latest  315  314  313  312  311  310  309  308  307  306  305  304  Older

Your Recent History

Delayed Upgrade Clock