Impax Environmental Mark... Share Discussion Threads

[sunlightdays] 31/12/2009 10:05

Looks like we could be finishing the year on a new high for the year.

From the charts we seem to have started the year at about 92p and we are going to end at about 118p. About a 30% rise for the year.

[praipus] 06/11/2009 16:11

nope, wish I had been.

[asparks] 26/10/2009 14:15

praipus
are you in PFLM (solar) they just jumped 30% for now apparent reason..

[praipus] 26/10/2009 14:13

Ian Simm on FT.com

[praipus] 17/9/2009 10:23

Occasionally.

[spangle93] 21/12/2007 07:57

Thanks, rainydays, for the clear explanation

I knew deep down that it would be my failure to do due diligence :-(

Still, as I have IEM in my SS-ISA, because it's a 10 year time scale hold for me, the fact that I've got a few more without losing out on the deal doesn't trouble me too much. Just not the bargain I was erroneously expecting.

[spangle93] 20/12/2007 21:50

I know I've had a hard day Xmas shopping, so brain is in neutral, but can someone explain whether I've been diddled?

In August I got an offer to buy "1 new C share for each 3 ordinary shares held. The new shares will cost 100p each". OK, maybe I was naive to see this as being a preferential discount (20%) to the 120p or so that the ordinary shares were priced at the back end of August. Let's say I had 3000 shares, so I opted for my full allowance of 1000 "C" shares for £1000.

I got a letter from the broker today, telling me my 1000 "C" shares have now been converted to IEM ordinary shares. But not at 1:1. At 0.798:1. So my 1000 "C" shares are now 798 ordinary shares. At the ordinary share price on the 18th of 125p, the value is ... £998.

So basically, I haven't really benefitted or lost from taking up those C shares, other than saving the dealing cost of buying them on the open market.

I guess it's caveat emptor, but in none of the literature I read did it indicate that the conversion wouldn't be 1:1. Maybe because I hold IEM under a nominee account, I didn't see a thick document, in which it probably stated this. But in the one page that hargreaves-lansdown sent, there was no indication that the conversion rate wouldn't be 1-1.

Could someone confirm that this is a fair reading of the situation?

[praipus] 18/12/2007 10:20

rainydays - youthfull exuberence - still not too late to hop on ECWC or UEMW - lot of things not in Ecofins NAV and share price yet.

Best BB for ECWC is probably, I

[asparks] 18/12/2007 09:43

Renewables company LNR has very positive trading update today. Worth a look.

[praipus] 17/12/2007 17:30

Will buy some IEM/IEMW and IPX when cash allows. Main holding are in ECWC which has significant wind energy interests and UEMW which has emerging markets utilities interests.

[praipus] 17/12/2007 15:08

Thanks Rainydays have you got these in your portfolio?

[praipus] 11/10/2007 20:55

Can anyone tell me the terms on the warrants IEMW ?

[lpf] 21/9/2007 08:59

Has anyone received their C-shares from the Open Offer yet? I'm expecting them in my Selftrade ISA, but no sign of them yet - the open-offer placeholders vanished a few days ago, but nothing's replaced them yet.

[lpf] 20/9/2007 11:10

The IEM EGM motion on the Open Offer passed this morning:

This morning, Impax Environmental Markets plc ("IEM"), an environmental
investment trust listed on the London Stock Exchange ("LSE") that is managed by
IAM, held an Extraordinary General Meeting at which a vote was passed to issue
£105 million of subscriptions for C Shares. It is expected that these shares
will begin trading on September 21st 2007. The addition of the C Shares will
take the aggregate net assets of IEM to over £370 million, reinforcing the
trust's position as the leading closed end fund investing in the environmental
sector.

[asparks] 24/8/2007 07:54

does anyone know if IMPAX are in SIT?

"Solar Integrated Technologies (SIT) advances amid rumours that a construction company is looking to buy a 29% stake

source: FT via citywire"

[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