Impax Environmental Mark... Share Discussion Threads

[multibagger] 15/6/2007 05:35

Off topic:

Can anyone tell me if there is a way of buying into Claymore Global Water Fund ( an ETF for water based industry). The ticker symbol is CGW in Toronto, but I have been unable to buy it thru Halifax or Hargreaves Lansdown here.

Also any ideas as to how to tap into an uranium based fund ?

Any suggestions ? Many thanks, multibagger

[shavian] 04/6/2007 18:44

Came abord today to further diversify eco-holdings. The green theme has had good legs for some time, but all the recent publicity won't do this any harm! I've actually preferred MNE in the past but there are some intersting holdings here which are not duplicated in MNE and are hard to buy individually. Go Impax!

[asparks] 23/5/2007 09:53

massive trading here recently.

o/t but same sector Alkane doing well after news re: emissions trading:

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



+ 3 month charts -----------------------------------------------------------and 2 year charts

[eriksay] 10/1/2007 12:28

I don't think that you can draw anything on relative perfomance since May 06.
If you look at relative perfomance over 12 months then there is not much to separate them. Over 3 years, MNE is up over 20% on IEM .

After all they are quite different. IEM holds a large number of diverse holdings, none of which are more than around 3% of the fund, where as some of MNE's holdings are over 5% of the fund and it is very much more concentrated on the renewable energy sector.

IEM is not as volatile as MNE. The IEM 52wk range is 95-118 whereas the MNE 52 wk range is 41-61. The volumes on IEM are also very much smaller than on MNE. At present, IEM is at a premium of circa 6% whereas MNE circa 1%.

I would guess that MNE gets more 'press' being a Merill fund than IEM but I have no data to support this.

Overall, I would be surprised if they moved very closely together.

[asparks] 10/1/2007 12:02

this has made a much better recovery (since May 06) than Merrils New Energy Fund. Any reasons?

[don muang] 08/1/2007 13:42

Seems someone's keen on IEM - they've purchased nearly £11k worth of the warrants today.....

[asparks] 03/1/2007 11:16

My top tips for 2007 are renewable energy companies. for a fairly comprehensive list see


Financial Times article
> Renewable energy begins to pick up speed as an investment
> By Fiona Harvey and Kate Burgess
>
> Worrying about the environment is not the prerogative of a fringe of
> ageing hippies it once was. It has become one of the hot topics of the
> capital markets.
> More than $70bn (£36bn) of new money was invested globally in clean or
> renewable energy or clean technology last year, says Michael Liebreich
> at New Energy Finance, a specialist research firm. That was a 43 per
> cent increase on the year before, he says.
> He reckons there are more than 1,246 private equity funds targeting
> environmental projects: "All the biggest private equity houses are
> looking at this space."
> The latest to launch a fund was Hg Capital, which reported last week
> it had raised EUR330m (£222m) for a fund investing in renewable power
> in Europe.
> Conventional asset managers and hedge fund managers are joining the
> fray. According to the UK Social Investment Forum more than EUR780bn
> had been invested in socially responsible investments and funds and
> the bulk of SRI funds use environmental criteria to pick stocks.
> Standard Life Investments and Merrill Lynch Investment Managers have
> both highlighted the environment as an important investment theme for
> 2007 as environmental issues become more integrated into mainstream
> asset management and corporate behaviour.
> "Investors are seeing potential for profits, from the trading of
> pollution permits to investing in new technologies and approaches
> designed to cope with increasing scarcity of resources such as oil and
> water," says Standard Life.
> As the investment case for renewable energy strengthens, more
> companies are being drawn to list on the public markets.
> So far 50 companies focused on renewable energy have floated on Aim
> and more are expected in the next year or so.
> Wind power and ethanol turned out to be the best bets for investors
> last year in the burgeoning market for renewable energy.
> The highest performing renewable energy stock on Aim, by a large
> margin, was Clipper Windpower, the developer of wind farms in the US.
> Clipper, whose chairman is the former Conservative minister Lord
> Moynihan, more than doubled in value during the year, continuing the
> strong performance since the company listed in September 2005.
> Shares in Clipper jumped more than 75 per cent in July when the
> company announced a deal with BP to develop jointly five wind farms in
> the US.
> Wind is the most mature of all renewable energy technologies and
> companies with good wind sites can make substantial profits as
> electricity prices have remained high.
> Turbine design has advanced to allow much more power to be generated
> than was possible in the past, up to 3MW or even 5MW in the case of
> the biggest models. In addition, most developed country governments,
> including the UK and the US, offer a subsidy for wind power
> generation.
> The mixture of government support, high energy prices, carbon trading
> and concerns about the security of energy supplies have all combined
> in the past two years to make renewable energy an attractive sector.
> High energy prices have changed the economics of renewable energy, as
> has carbon trading, initiated by the European Union in January 2005,
> which puts an extra cost on fossil-fuel power generation, making
> renewable energy more economical.
> More than £500m of wind turbines were commissioned in the UK in 2006,
> according to the British Wind Energy Association.
> But investors ought to be wary of the potential problems associated
> with wind power.
> Shane Woodroffe, director of renewable energy at Fortis Bank, notes
> there are estimated to be more wind farms in planning in the UK, or
> about 2GW to 4GW of generating capacity, than there are wind farms
> already operating.
> That reflects the difficulty of gaining planning permission from local
> authorities. Companies must also get permission for any additional
> networks of large pylons that must be set up to connect remote wind
> farms to the electricity grid.
> Many of the UK's windiest sites, and those where planning permission
> is relatively easy to obtain, have been taken.
> Potentially more damaging to investors is that the Department of Trade
> and Industry is to review its subsidy regime in 2007 and may reduce
> the money available for onshore wind farms.
> The Carbon Trust, one of the government's chief advisers, has called
> for other less mature technologies, such as offshore wind farms and
> tidal and wave energy, to be favoured in future.
> Complicating matters further is a global shortage of wind turbines,
> caused by greatly increased global demand and high steel prices.
> David Fitzsimmons, chief executive of Novera Energy, one of the UK's
> biggest pure play renewable companies, says he expects consolidation
> to take place this year. "We're taking this forward from being a
> cottage industry," he says. "I think the interest will be in
> [companies with] existing assets rather than developing new assets."
> Ethanol companies such as Renova Energy and GTL Resources also fared
> well in 2006. They are cashing in on the ethanol boom in the US.
> However, there are potential dangers for these companies too. The crux
> of their business model is to exploit the lower price of ethanol
> compared with petrol.
> Yet those economics are changing as a bad grain harvest in many places
> has pushed up the price of their raw materials, while the oil price
> has come off its recent highs.
> Investors putting their faith in other biofuels will have seen mixed
> results. D1 Oils, a company founded and chaired by entrepreneur Karl
> Watkin, plans to make biodiesel from the jatropha plant, which it
> believes it can grow in countries such as India.
> The company's shares have almost halved since April. It said this
> summer it was in early discussions about a buy-out but instead is
> raising nearly £50m by means of a share placing.
> In the meantime, a series of problems at its Teesside factory has
> beset the indebted Biofuels Corporation, which warned last month it
> would have to seek more funding next April in order to continue as a
> going concern.
> Emissions trading specialists have sprung up to take advantage of the
> new markets in carbon dioxide brought into being by the Kyoto protocol
> and the European Union's greenhouse gas emissions trading scheme.
> These have also experienced divergent fortunes. Climate Exchange was
> one of the best performers of "clean energy" companies on Aim, but
> Trading Emissions lost value during the year. Yet the UK is likely to
> remain the centre for emissions trading for the foreseeable future,
> according to Paul Newman, London managing director at Icap Energy (see
> profile below).
> One of the renewable energy technologies to have received most hype in
> the past few years is the fuel cell. These devices, which generate
> electricity from hydrogen or ethanol, have been around for decades.
> However, the technology to make them has not yet been proven and it
> remains several years from widespread commercial application.
> In April this year, the fuel cell specialist ITM Power was one of the
> relative heavyweights among renewable energy companies because it had
> found a way to make it cheaper to produce some of the important
> components in hydrogen fuel cells.
> However, as it became clear this technology would take years to come
> to market, the company's value fell from £140m to £125m.
> Renewable energy in general is poised to receive more investment in
> 2007, according to Mr Woodroffe of Fortis. "I'd say this will be one
> of the big growth markets, definitely."
> Venture capitalists are also taking a keen interest. Mark Kerr, a
> director at 3i, which last month invested EUR30m in Electrawinds of
> Belgium, says: "The economics of renewable energy are more compelling
> than the economics of traditional power generation opportunities from
> a venture capital perspective, because traditional power is a mature
> industry but renewable has huge opportunities for growing companies."
> He said he also expectedto see consolidation in the renewable
> industry, whichis characterised by a large number of small companies
> and a few big energy companies that dabble in renewable energy.

[hectorp] 11/12/2006 14:58

Results just out! a swing into profitablility... greatly increeased turnover.

[hectorp] 11/12/2006 14:42

Decent of you rambutan, will condider them further.

[rambutan2] 11/12/2006 11:01

hectorp,

with a mkt cap of circa £22m, it's a geared play on the funds ie iem and a few foreign and open ended equivs. in the past they've also done some consultancy work and are a well regarded outfit and an authority on environmental investing. i've met the management and i think they are worth backing. as i said above, they should be coming out with their results this week and this set will be the first ones showing a clear picture of where they are up to and what they are really about. aimho...

[hectorp] 11/12/2006 10:40

rambu, that is IAM then...

[rambutan2] 09/12/2006 13:23

if possible, i prefer to buy the fund manager to the fund - they are the ones who usually profit the most. ipx results due out next week.

[hectorp] 09/12/2006 11:29

asparks is always running around ramping other companies.

[asparks] 15/11/2006 10:14

"what's an off fellow?"

[remus98] 15/11/2006 10:14

asparks - what an off fellow.

[asparks] 15/11/2006 09:24

OT but if you are interested in the sector you should check out Alkane
ALK)

Rising fast on the back of good news out today:

Alkane Energy Three New Mine Gas Projects
RNS Number:0646M
Alkane Energy PLC
15 November 2006

For immediate release
15 November 2006



Alkane Energy plc ("Alkane" or "the Company")

Three new mine gas projects on stream


Alkane Energy plc, the international renewable energy company that designs,
builds, operates and services methane treatment and electricity generation
plants, is pleased to announce that it has completed three new mine gas projects
at disused mines in Nottinghamshire. This brings the total number of climate
change mitigation plants now in production in the UK to seven, one ahead of
management's 2006 target. Five of the extraction plants supply mine gas for
Alkane's own decentralised electricity generation stations and two supply gas
directly to industrial customers. The new generation stations use standard Pro2
containerised units of 1.35MW each connected to the local distribution grid.

The new extraction plants, at Mansfield and Warsop, support containerised
generation stations with a combined capacity of 2.7MW, enough electricity to
supply around 3,000 homes. The plant at Mansfield also supplies the equivalent
of 1MW of heating fuel directly to the customer. These additional plants bring
Alkane's total mine gas capacity in the UK to 15.5MW in electricity equivalent.

Alkane's methane mitigation plants in the UK are expected to capture
approximately 16,000 tonnes of methane in 2006. In climate change terms, this
is the equivalent of 340,000 tonnes of carbon dioxide per year corresponding to
the removal of around 110,000 cars from the roads.

Commenting on the new projects, Dr Cameron Davies, Chief Executive of Alkane
Energy made the following statement:

"I am pleased to report that we have completed our 2006 programme of mine gas
supply plants and decentralised electricity generation stations on budget and
ahead of schedule. Alkane's climate change mitigation expertise and technology
is at the forefront of the battle to reduce greenhouse gas emissions from
abandoned and operating coal mines and as a result strong demand is developing
for our products and services driven by the Kyoto Protocol.

Our ongoing programme of electricity generation developments at disused mine
sites will reduce the amount of methane seeping into the local and global
environment and reinforce our position as a supplier of Climate Change Levy
exempt electricity in the UK."


Enquiries:

Alkane Energy plc Buchanan Communications

Dr Cameron Davies, Chief Executive Eric Burns, Account Director
Tel: [phone] Tel: [phone]

[stegrego] 06/11/2006 13:21

Yes - its an investment trust - ive got it in an ISA

[asparks] 06/11/2006 13:03

is IEM isable?

[spangle93] 21/9/2006 18:57

Branson makes $3bn climate pledge

Sir Richard Branson is to invest $3bn (£1.6bn) to fight global warming.
The Virgin boss said he would commit all profits from his travel firms, such as airline Virgin Atlantic and Virgin Trains, over the next 10 years.

"We must rapidly wean ourselves off our dependence on coal and fossil fuels," Sir Richard said.

The funds will be invested in schemes to develop new renewable energy technologies, through an investment unit called Virgin Fuels.

One of the UK's best known entrepreneurs, Sir Richard made the announcement in New York on the second day of the Clinton Global Initiative, an annual conference hosted by former US President Bill Clinton.

Sir Richard, 56, said that transport and energy companies "must be at the forefront of developing environmentally friendly business strategies".

[spangle93] 08/9/2006 09:50

LPF, you're right, it was the equivalent UT, not the IT. My broker couldn't buy the IT without setting up a whole new account. Since the UT and IT performance and holdings are almost identical, I didn't think there would be a disadvatage in this, specially as the UT broker hands back most of the initial charge, but if I knew then what I know now, I'd have done the paperwork to get the IT, it would certainly have been quicker.

My intention is that this will be a long term holding. I didn't realise that the long term was the acquisition :-(

[lpf] 08/9/2006 09:42

Are you sure you've invested in IEM? Impax do several funds, not all of them are ITs. For IEM, you just buy the shares through your broker, same as any other share. Took me about 15 seconds.

[spangle93] 08/9/2006 08:06

If you're thinking of investing in this fund, please be aware of the time delay from sending off money to actually buying in. We signed a cheque on 21st Aug, and we're advised that funds may have cleared by 13th September. To say that this is *@#$*^%$ ridiculous in these days of electronic transfer is to state the obvious, and it's particularly annoying that not only have we lost bank interest in this period, we've also lost the 5% gain in the value since we applied. So thanks, Impax.

[avekeena] 15/8/2006 16:16

Super freeging duper:

[sheeneqa] 15/8/2006 15:56

Net Asset Value(s)

Impax Environmental Markets plc announces that as at the close of
business on 11 August 2006 its net asset value (NAV) was £127.240
million, representing an undiluted NAV per ordinary share of 97.21p.
The diluted NAV per ordinary share (assuming full conversion of all
outstanding warrants) was 97.05p.

The investments in the Company's portfolio have been valued at bid
prices in the above calculations.