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
  0.35 6.42% 5.80 3,841,353 11:24:01
Bid Price Offer Price High Price Low Price Open Price
5.70 5.90 6.05 5.45 5.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments -1.52 -0.22 48
Last Trade Time Trade Type Trade Size Trade Price Currency
11:31:45 O 50,000 5.733 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 5.45p.
Emmerson Plc has a 4 week average price of 5.40p and a 12 week average price of 5.04p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 4.20p.
There are currently 833,244,481 shares in issue and the average daily traded volume is 2,402,638 shares. The market capitalisation of Emmerson Plc is £48,328,179.90.
trying2getrichquick: SteMis, I don't work for a broker, in fact I don't work at all. Just share trade and invest from home. I indeed do want the share price to stay up, as that allows for better finance negotiations between EML and the company providing the finance.
mop60: I'm glad to see that this BB seems to attract the more pragmatic, level headed investors, whilst others seem to be reaching fever pitch, as between the genuine worriers and the professional needlers, reason is rapidly disappearing. It remains to be seen whether it results in a mini stampede for the hills. Either way it doesn't really matter. Lets face it, if individually we haven't done our research and are now certain of the intrinsic value that the Khemisset project offers, and that the Emmerson BoD is the right team to complete it, then I would say, 'why are you still here'? From my perspective, the share price deflation seems irrelevant at the moment, as we always knew that the only thing that will lock in share price rises will be the much anticipated stream of RNS's, not increases in Brazilian Potash import prices. Not that we won't benefit from those potash price increases, when finance is calculated, but they cannot hold up the share price by themselves, and when you add in the Evergrande effect the current reverse is entirely predictable. Realistically though and regardless of the short term Thermonuclear effect that Evergrande's failure will likely have on the market, people will still have to eat, and farmers will try and grow more if there is money to be made, so when the dust settles and the ESIA approval comes, our patience will be rewarded.
trying2getrichquick: EML share price is actually up 5.66% since Jan 1st. I would like to see anyone get that in a savings account. :)
trying2getrichquick: 4 weeks ago. The whole market is down due to Evergrande’s China $300 billion debt. Nothing to do with EML. Novices and short term investors get impatient, and sell. They think they can easily make money quickly, but you have to wait months/years to get good returns normally. Short term share price doesn’t make any difference. share price by Xmas will make all holders happy :)
trying2getrichquick: There seems to be a confusion (for some people) as to share prices on L2. There are two indicators, one showing the price from close, the other from open. So some people see on a website a share up 12.3% at the end of day, but in fact, for that day, it is only up 5.8%. To explain in 'laymans' - If you were already holding the share, you are indeed up 12.3%. If you bought at open, you are only up 5.8%. This is due to MM (Market Makers) marking the shares up or down, as they trade shares, via an auction, before trading starts at 8am. Many people, think that trading starts at 8am, but it doesn't, on popular shares, or big RNS's, shares change hands before open. This screen-shot, shows the difference between a % from close and from open - https://ibb.co/d4Pj51r
mop60: Trying, It’s always sad to hear when someone is forced to sell early by circumstance, rather than waiting just a little longer for that share price uplift we all know is coming. Obviously if that today was the day you were able to purchase shares, then luck was on your side – I know I would have been happy to buy at that price, but my piggy bank is well and truly empty. As such all I can spend is a little time musing on what AP was reviewing from the June 10th 2019 RNS and being amazed, not so much by how much has changed but by how all of the changes bar one have been improvements. The only change for the worse I can see is the increased number shares in circulation. The Shard Capital view at the very same time was: ‘For debt financing in potash, the quantum of debt that a project can support is heavily based on product pricing, margins and the ratios that flow from that i.e. interest cover ratios and payback periods. EML’s Scoping Study at $360/t MOP suggested a post-tax IRR of 29.8%, steady-state cash margin of 50%, annual post-tax cash flow of $184m and payback period of 3.25 years – scoping study also refers to the $405m capex tag including $90m of contingency’ Which makes it hard to see that they are talking about the EML we know now, as pretty much everything has changed on the financials front making it almost impossible to equate what was on the table then, with what we might now expect. So what the strengthening fundamentals will translate into I can only guess at, but top of my Christmas list now is a 75/25 finance/equity deal to possibly give us little guys a larger bite of the cherry.
mop60: I must confess I am undecided as to whether the 2 days of share price increases are down to the a realisation that the Khemisset project offers a sound investment opportunity, with Emmerson clearly having all the credentials in it's BoD to successfully deliver it? Or is it an anticipation that the ESIA is just days away? Or more worryingly, just because there is a degree of uncertainty in the potash market post the potash sanctions on Belarus? We all know that the project is broadly sound and has become increasingly so with each stage completed – so why would that lead to extra interest now? I don’t know. Right or wrong I still believe that the ESIA could easily be weeks away still, for reasons I have already expressed – hopefully I will be proven completely wrong. So the only change at the moment seems be the potash sanctions causing a market bounce, which is worrying because we are at least two years away from producing even the first bucket of MOP60 ready for sale from Khemisset. So the current bounce will likely be unsustainable unless the ESIA approval hurries up. All of which is a pity as the share is undervalued, but I personally would much prefer an underlying steady, sustainable increase, rather than a possibly temporary uplift, that may disappear as quickly as it came - at least until the project moves forward. On the subject of RNS releases, I would like to see four – each, as has already been said should be transformational for the SP, and as such, my curiosity focuses on how the BoD plan to stage the RNS releases to drive the share price levels forward to what is commensurate with the true value of the company, at each stage (I for instance don’t know how important the share price post ESIA approval, will be in reducing the eventual cost of any finance deal). My personal order for the RNS releases would be: 1. Obviously the ESIA approval process completed RNS. 2. Next either an RNS reporting on the FS for the SOP add on project, or 3. An RNS reporting on the outcome to RNS Number : 2586W - 10 December 2019 (Which has the potential to shave millions off of the project start up and running costs). 4. Finally the RNS announcing the project finance package. With RNS releases 2,3 and 4 staged for maximum beneficial effect on the share price
westie50: I think we all have to be realistic in that the only way the no hoper infestation will depart is when we hit double figures and beyond. Until then, they will take pleasure it the lack of share price performance. I'm hoping the last 2 days moves aren't just another spike and hopefully the start of a more concerted rise. i think Cyber and Trying2 are right in that the next few months will hopefully be transformational for us long term EML holders. Once the market sees a finance deal in place, it'll then become a reality that we can unlock the massive profits to be had. The share price will follow accordingly. I've really no idea by how much and how soon though. I'm probably a comparatively low holder compared to others on here with just 2.3m shares. 20p plus will still make a hell of a difference to me.
mop60: Well cyberbub your post yesterday certainly called today's trading, which does leave a pleasant feeling to see my share holdings slide back into the black, even though as you say, it may be a temporary thing for now, at least until the ESIA stage bears fruit and the subsequent stages can also complete. Personally, as a complete stocks and shares novice I have no idea how these matters play out and I await with some curiosity to see how the BoD will play out the stages after ESIA. specifically do you think they wait for a share price bounce before choosing a financial partner or do you already expect it is more or less a done deal? I remember Graham's comment that, to whom EML contracts to sell it's MOP60 to, would potentially be a trump card in any finance deal - which I didn't know if that was a coded way of saying that OCP was the best fit, but the best price for finance was yet to be agreed, as OCP would need the mine built anyway? Or do you think that an out and out takeover bid is more likely so that someone else can garner the long term profits? For my part I would much prefer to see this thing through to the end and take a capital gain and some rich dividends, but I expect that the majority shareholders plus the BoD currently have sufficient shares to decide if the project is sold on now, albeit at an acceptable premium, or not? I know cyberbub you have offered your thoughts on this subject before, but what's your current best guess in view of all the forward momentum that EML seems to be building up with their new hiring's?
cyberbub: We should be able to secure a 70-30 debt-equity deal. So we need about $130M in equity for the 'full monty' development plan. Or about $90M for the staged plan.The *only* question that matters is the (average) share price at which the equity is issued ie how many shares issued. When FAR were at 10p they secured a deal with a strategic investor which saw a lot of equity taken at 9p, but also substantial future chunks committed at 25p and 78p(!). The average price for the total investment will be 25p. The share price is currently substantially above that.A similar deal for EML would be great. Get the share price back up towards 10p, issue 50% of the equity at 9p and the remainder in chunks at 15p and 25-30p, say.As long as we keep the eventual shares in issue below 2bn I think we will all be very happy when in production!NAI
Emmerson share price data is direct from the London Stock Exchange
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