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
  -0.05 -0.85% 5.85 376,380 09:54:58
Bid Price Offer Price High Price Low Price Open Price
5.80 5.90 5.90 5.85 5.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments -1.13 -0.17 48
Last Trade Time Trade Type Trade Size Trade Price Currency
11:59:35 O 51,503 5.8249 GBX

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Emmerson Daily Update: Emmerson Plc is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker EML. The last closing price for Emmerson was 5.90p.
Emmerson Plc has a 4 week average price of 5.55p and a 12 week average price of 5.35p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 2.90p.
There are currently 825,410,468 shares in issue and the average daily traded volume is 3,754,060 shares. The market capitalisation of Emmerson Plc is £48,286,512.38.
cottoner: Basically means at some point in the past JIM Nominess were given an option to subscribe for shares in EML at a price of 3p. They have now taken this option up, which means EML have now c£65k more cash but have issued more shares. JIM Nominees Ltd in respect of 2,166,167 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of 3 pence per share. The aggregate gross proceeds of this exercise amounts to £64,985.01. JIM Nominess can obviously sell those shares for an immediate gain or keep them if they believe the share price will rise further.
westie50: I think the bull case is more on the mark. I thought they were overly negative and took quite a simplistic view of "i've found a website which reads differently to the FS and official figures so it must be right" So i think there's holes in their comments, not least them quoting EML as already being on AIM. They're using MOP prices of circa $200 per tonne whereas GC in his recent LSE interview quoted it as being $300. Hayden has also been recently bullish about the share price Who's right? All in all I thought a lot of bluster but not anything which will have a marked effect on the share price
cyberbub: Westie, have a look at the FAR RNS of last Monday. A very credible investor, Mock Davies, has stumped up a decent amount at a small discount to the existing share price, plus an option for a lot more at much higher prices, subject to certain milestones. I'm pretty certain that's what EML management will be looking for. I just hope that the share price is at a more realistic 10p-ish for the first tranche!The new NED here comes from the same stable (Xstrata) as the FAR investor, which is encouraging. They know all about corporate finance in mining obviously!
lendmeafiver: I think the more recent fall in share price was down to the RNS of 17th Feb and the fact that just modest buying and selling can move the share price here.
cottoner: With regard to EML moving to AIM from the main market ,I wondered if this was somewhat due to the amount of money required to be raised in the near future by EML to bring the construction phase of the project to fruition. For instance, Does the LSE main market not have more stringent rules wrt the amount of money that can be raise per year as a proportion of a company's market cap? (Maybe the number of new shares being issued rather than actual amount of money to be raised) The amount of further money to be raised will be well in excess of EML's current MCap. There may other rules in place for main market companies that would make it more difficult for EML to raise the money required in a relatively short time compared to being listed on AIM. Quote from EML's RNS seems to to indicate this: AIM will offer greater flexibility with regard to corporate transactions and should therefore enable the Company to agree and execute certain transactions more quickly and cost effectively than a company on the Official List. Would be interested in others opinions on this,especially from those with more in depth knowledge of LSE rules and regulations wrt to a company raising money/issuing new shares.
harrisun: Much prefer this to other companies who pre announce a day and sometimes more in advance of a book build, which leaves it open to market distortion. At least with such a short period of time between proposed and actual it left the share price virtually unscathed, but whether this stays like it as often share price drops on a placing to around price of the placing, which could be coincidental, but more likely deliberately so as then no holder can complain of not having the opportunity afforded to some in placing. I hope this goes ducks that particular situation.
cyberbub: Just logged in today and seen the RNS.The company will have had its hand forced by the gross undervaluation of the share price today. They didn't want to raise $100-120M capex at a price that the greedy financiers demanded.The FS already stated that there was an option for a 2-stage development, with 50% of the production in Stage 1.On the downside this is obviously somewhat less efficient financially, and also a staged approach means it will take longer to reach max output. Perhaps an extra 1.5 - 2 years?On the upside, much less dilution for shareholders, if Stage 2 can be funded entirely from Stage 1 profits. So the eventual share price could potentially be 50-100% higher. And it sounds like they're trying to offset some of the reduced profits in Stage 1 by boosting the higher-margin SOP and salt products.This all sounds perfectly reasonable and positive IMO. Mr Market seems to like it too.Remember that although this announcement means some (hopefully modest) delays while they recalibrate the mining plan, there is still very much the prospect that a bigger fish could swoop at any time to take us out, now we have the mining licence. And the takeout price wouldn't be anywhere near 7p!!GLA NAI
sportbilly1976: Qsmelly, They maybe a bit of funding which was tricky to get in full at current prices? Or maybe the BoD weren't happy with the price funders wanted at the equity level? Either way...we now get less dilution as initial funding will be smaller...they get the plant up and running and then expand gradually as the cash comes in too....resulting share price is higher, can potentially look to sefl-fund more from operations and at a higher share price Win-win - as seen by the market reaction so far today.
cottoner: Worth looking at Intrepid Potash Inc NYSE (IPI) share price graph over the last 6 months and 5 year periods. SP has been rising steadily over the last 6 months as the Potash price has been increasing and the last year graph shows a lovely bowl where the share price is now coming back to where it was a few years ago.
sloppyg: It is all about what price they can get the equity tranche away at now. For sure the BOD would have been hoping for double digit share price at this stage to strengthen hand in negotiations with equity partners. This is where HL will really earn his buck so will be interesting to see how this game of cat and mouse plays out. It is possible to raise at a premium, not common but does happen and GC/HL alluded to that very possibility in recent investor update. The question is always premium to the share price at what juncture and over what period....
Emmerson share price data is direct from the London Stock Exchange
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