Emmerson Plc

0.00 (0.0%)
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 0.0% 4.45 43,934 08:00:01
Bid Price Offer Price High Price Low Price Open Price
4.30 4.60 4.45 4.45 4.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Crude Petroleum & Natural Gs 0.00 -3.20 - - 40.72
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:12 O 5,000 4.60 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
2023-06-08 15:00:134.605,000230.00O
2023-06-08 13:32:434.594,139189.98O
2023-06-08 13:26:074.301084.64O
2023-06-08 13:21:474.5728,2761,292.21O
2023-06-08 11:24:324.576,126279.96O

Emmerson (EML) Top Chat Posts

Top Posts
Posted at 07/6/2023 09:57 by parob
I enjoy nibbling in the low/mid 4s :)I've mentioned on here before but might be worth having a look at 1SN (First Tin) which appears to be an under-the -radar share as not really mentioned on Twitter and bb is very quiet.... at the moment. share price very close to lows, and tin price has been climbing recently and is expected to do so (see my post on 1SN bb) in the long term. Certainly worth a look - could potentially be buying in right at the bottom before tin's next move up. Plus CEO keeps buying shares. Bought more very recently. DYOR etc if you take a look.
Posted at 25/5/2023 12:50 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 13:31 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
Posted at 05/5/2023 10:57 by cyberbub
Don't forget we still have the possibility of OCP just taking us out in the short term. I've always said I have no problem with that, as long as it's for a fair price (20p +, ideally 25p). I'd be happy with that, yes we could reach 2-3x that share price in 3-4 years' time but it's by no means risk-free.Speculation of course but who knows. As always, we PIs have little influence on the big boys, and are just along for the ride.
Posted at 29/4/2023 15:28 by laurence llewelyn binliner
We know the funding package is going to be debt/equity probably 60/40, maybe 70/30 at best, we are USD310M ahead on the pre planned debt side of the original 440M mine build costs, but that needs updating for inflation for 21/22/23 so I am not expecting any change out of 600M all in which sits neatly at 60/40M debt/equity..

The question is at what price the equity, then at what ratio the consolidation after..?
1BN shares in issue
2.5BN in the raise at c10 pence raises USD250M
The CLNs for USD40M as a contingency element for a total of USD600M
We will need to service the debt pre-production for 18 months at 8-10% costing c45M
Then a 10:1 consolidation to bring it back to 350M shares..

My expectations are for the main raise at around 10 pence share price after the ESIA is issued and the following re-rating, but will most likely be discounted back for the syndicated banks to buy it all and in line with the CLNs and warrants..

26.09.2022 - USD40.0M convertible loan notes commitment from strategic investors GSM and GQC extended by 12 months to 30 September 2023, reconfirming a key component of Khemisset's construction financing plan • In consideration for the extension of the Convertible Loan Notes commitment, the Company has issued 50,000,000 warrants to GSM, exercisable at a price of 8.2 pence per share until 23 September 2023..

If the raise comes any higher so be it, but I do not see it being far out, that said, the current Potash prices have moved the dial on the project economics and NPV, so there is headroom here.. :o)

Posted at 10/4/2023 22:06 by nash19
Someone sold 80gbp of shares for a discount at the close to register 4.3p ! ?..Funny...think EML will need to give an update soon as it will be very improper if the share price continues to move up and then they announce some "news " !ESIA announced would see us hit 10p+ imo. If as we led to believe the financing is in the back pocket ...then more.
Posted at 02/4/2023 00:09 by cyberbub
My slight worry is how long PRE are taking to get their funding - in fact it's taken so long that they've run out of cash again, and their share price plummeted on Friday as they've said they need cash very quickly. If an African/UK miner with a broadly similar capital requirement to EML, local government support, UK export guarantee support, but a better 60% IRR, is taking endless months to get finance closed, what's the likelihood for EML? Sigh. It's all very frustrating.
Posted at 23/3/2023 16:35 by lendmeafiver
The company has no debt or 3rd party liabilities so although the share price would most probably fall EML wouldn’t in any way collapse as an entity and it would still hold the mining licence, so the mine would just be further delayed, so there are no winners in that scenario.

In any case I don’t know why the likes of OCP don’t just take an offtake and/or become a second strategic investor on similar terms as the Singapore investment, would make sense.

Posted at 14/2/2023 07:43 by mesb48
Fightingdata, their financing was announced in Nov 21 so compare the price with expectations in the months before then, and the gap down on the day. The share price really hasn’t gone anywhere for a long while.

Don’t get me wrong, I don’t wish for EML to fail. I’ve corresponded with Graham and like him. It doesn’t help I’m under water but I just think some of the more optimistic share price expectations on here will ultimately get undone by dilution.

By the way, thanks for engaging in a discussion on the argument rather than just attacking the man as another regular poster seemed to.

Spike today no doubt.

Posted at 10/2/2023 15:04 by cyberbub
Ipwil, are you saying that the Highfields share price has halved after raising their capex??Another data point to mention is Pensana, they are a little ahead of EML and a bigger project overall, but have a similar IRR and capex requirement. Their market cap is around £150M at present, about 3x EML's.
Emmerson share price data is direct from the London Stock Exchange
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