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EML Emmerson Plc

2.55
0.00 (0.00%)
Last Updated: 08:00:00
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 Shares Traded Last Trade
  0.00 0.00% 2.55 197,377 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.50 2.60 2.55 2.55 2.55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -3.2M USD -0.0031 -8.23 26.18M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:04:27 O 86,089 2.506 GBX

Emmerson (EML) Latest News

Emmerson (EML) Discussions and Chat

Emmerson (EML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:04:282.5186,0892,157.39O
08:04:282.51111,2882,788.88O
2024-03-18 16:35:202.55200,0005,100.00UT
2024-03-18 15:58:372.61100,0002,612.00O
2024-03-18 15:58:012.801103.08O

Emmerson (EML) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Emmerson Daily Update
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 2.55p.
Emmerson currently has 1,026,743,224 shares in issue. The market capitalisation of Emmerson is £26,181,952.
Emmerson has a price to earnings ratio (PE ratio) of -8.23.
This morning EML shares opened at 2.55p
Posted at 12/3/2024 09:18 by nash19
The upside risk is now massive. I expect this to be approved by June and I'd not rule out a swift determination on what's next for EML after.
Posted at 11/3/2024 08:45 by tightfist
I may be over-thinking this - is there a more strategic aspect of U.K.-Morocco future relationships being played-out, that paces the EML Khemisset approval? "The cable will provide the UK with renewable energy from Morocco in what the government has called a "project of national significance"".https://www.google.com/url?q=https://electrek.co/2023/10/02/worlds-longest-subsea-cable-morocco-uk/%23:~:text%3DThey%27ll%2520follow%2520a%2520shallow,slated%2520to%2520launch%2520in%25202029.&sa=U&sqi=2&ved=2ahUKEwi7u42T5uuEAxWrZ0EAHRyDB_AQFnoECA8QBQ&usg=AOvVaw2a-GK9MmSf5yu4HRG1j60q
Posted at 04/3/2024 21:06 by nash19
Libreum...can't paste whole document. Report With clients today.BUYTarget price 17.8p (from 11.8p) | Publication price 2p Emmerson is developing the 100%-owned Khemisset potash project in Morocco, on which we expect an updated feasibility study (FS) to be completed in late 2024 or early 2025. Earlier this month, encouraging results were unveiled from a scoping study on KMP (Khemisset Multi-mineral Process), a transformational new processing route that significantly reduces environmental impact while enhancing project economics. Importantly, from our point of view, KMP does away with two key potential points of concern for the Moroccan authorities and local communities, thereby strengthening the case for the approval of Khemisset's long-awaited environmental permit.Key pointsKMP eliminates brine disposal via Deep Well Injection, halves water consumption, yields two new multi-nutrient slow-release fertilisers and reduces opex and capex.Value driversReceipt of environmental permit; offtake agreements; results from struvite and vivianite crop trials and from updated feasibility study; and financing agreements.What market missesHaving a supportive strategic shareholder like GSM (backed by Indonesian billionaire Indra Widjaja; c.16% interest, including associates) significantly reduces financing risk.Is there value?Our NPV10%-based valuation is 30.2p (fully diluted; prev: 18.9p). Our short-term Target Price (env. permit-based) of 17.8p (prev: 11.8p) reflects a 50% risk 'haircut' to Group NPV.
Posted at 01/2/2024 19:32 by amt
OK still makes share price at about 30p.
So does look a high risk high reward share
Posted at 01/2/2024 18:07 by brileyloucan
There are some very heroic assumptions in that NPV calculation:
Commission and pay for a study and then don't use the prices that they come up with for Struvite.
Using a MOP price of $412/t when currently around $300/t
Using an 8% discount factor. For this level of risk reality is that 12%-15% is more reasonable.

On the bright side they do provide a stress grid. If you pick the top left box you get $0.8bn and if I halve that to roughly account for a more sensible discount factor (use of 12% rather than 8% over 20 year mine life with capex upfront) you get $400m. So still underpriced. Then discount a bit further to account for time to actually get into production.

Markets maybe giving it a 10% COS.

I hold but will add more on ESIA and funding completion. Even at triple the price would be a better risk reward.
Posted at 01/2/2024 17:00 by amt
The NPV of the project is 80 times the current market cap.
Does that mean the share price will go from 2p to say one quid if the project is approved ?
Posted at 28/1/2024 21:56 by nash19
And we were told the delay was this committee being scheduled. If its scheduled, has met and did nothing on EML. Imo thats negative.Its already 3rd world shambolic bullsh1t that the morrocans have approved OCP ESIA 2 years agao and found no way thru for EML. When it walks like a duck, quacks like a duck and kicks you in the face repeatedly like a duck...its a duck.
Posted at 27/1/2024 21:16 by nash19
Now this is v interesting. Its fauroy binary - if EML on this list 5p+ next week.If its nit turn off the lights. EmL better be ready wuth RNS.
Posted at 25/5/2023 11:50 by apotheki
The share price is basically immaterial in this context, the MC is the Numero Uno. HFR MC is c £120, EML is currently £50M, so on a 'one size fits' all basis EML's MC after EISA should be 120/50 x share price or c 2.5 x. So 4.8 x 2.5 = 12p. A more realistc basis to judge the MC of both cos is to look at possible EBITDA on full operational output tonnages.

If we use $300 pt as a guide figure, and outputs at both mines is 1M t pa.

HFR Cash cost pt is $91pt, Sale value is $300pt., so contribution to profit is 300 - 91 = 209. x 1M = $209M contribution. This is effectively EBITDA ( Earnings Before Interest, Tax, Depreciation, Amortisation costs.) If we consider an 'average Price/ Earnings ratio (P/E) of 15;1, the MC of HFR would be 15 x 209 = $3.14B. Divided by no of shares in issue 390M gives share price of $8.00, or c 12 $A. ( £6.40)HFR is up 10% today and trading at 0.619 $a. So upside is 20X.

Similarly for EML using C1 of $50 pt ( GW62 figure), MC would be 250 x 1M = 250M x 15 = 3.75$B, divide by No of shares, approx 1B, gives share price of $3.75 or £3,00 ( ExR = 1.25 $;£) so upside for EML is 60X.

Reason for high discrepancy in return on investment from now, 60X cf 20X is the high difference in current share price of both cos. EML 5p HFR 0.6A$ = c 31p.

It should also be noted EML gas !B shares in Issue, HFR has 390M.

For investment purposes EML appears to be the better gamble, but HFR has all the approvals to construct a working mine. EML, and this is Breaking News, does not. To quantify the risk assessment between EML and HFR , it's 60/20 =3.
Posted at 05/5/2023 12:31 by cyberbub
Laurence agreed, investing is all a balance of risks, just like in life in general.I invested here 3.5 years ago looking at the dividend potential also, I expect 4p divis if and when we get to full production and that would allow me to retire early, which would be fantastic.On the other hand if we were offered a takeout at 20-25p after the ESIA award, I personally would be a bit disappointed but not unhappy with that. It would give me say 30-40% of my long term target EML share price, and no more risk. I could invest that elsewhere to (possibly!) double or treble my money and then invest it in low-risk retirement funds which would generate me the equivalent of EML divis in any case.Horses for course, everyone has a different risk appetite, that's what makes a market as they say...The key point is that 6p is seriously undervalued, *if* we get the ESIA...GLA
Emmerson share price data is direct from the London Stock Exchange

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