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  6. Impax Environmental Markets Plc (IEM)

  7. Impax Environmental Markets Plc (IEM) Share Price

IEM

Impax Environmental Markets Plc

405.00
-2.50 (-0.61%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Impax Environmental Markets Plc LSE:IEM London Ordinary Share GB0031232498 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  -2.50 -0.61% 405.00 569,214 16:35:16
Bid Price Offer Price High Price Low Price Open Price
402.50 403.00 409.50 402.50 407.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Investment Trusts Div'd -206.01 -224.27 -73.40 - 1,227.42
Last Trade Time Trade Type Trade Size Trade Price Currency
18:05:54 O 175,000 404.50 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Tiger Royalties And Inve... (TIR), Golden Rock Global (GCG)

Impax Environmental Mark... (IEM) Latest News (2)

Impax Environmental Mark... News

Date Time Source Headline
31/5/202317:19UKREGImpax Environmental Markets PLC Transaction in Own Shares
31/5/202315:45UKREGImpax Environmental Markets PLC Net Asset Value(s)
30/5/202313:45UKREGImpax Environmental Markets PLC Net Asset Value(s)
26/5/202317:11UKREGImpax Environmental Markets PLC Transaction in Own Shares
26/5/202314:32UKREGImpax Environmental Markets PLC Net Asset Value(s)
25/5/202317:27UKREGImpax Environmental Markets PLC Transaction in Own Shares
25/5/202314:38UKREGImpax Environmental Markets PLC Net Asset Value(s)
24/5/202314:27UKREGImpax Environmental Markets PLC Net Asset Value(s)
23/5/202317:14UKREGImpax Environmental Markets PLC Transaction in Own Shares
23/5/202314:56UKREGImpax Environmental Markets PLC Net Asset Value(s)

Impax Environmental Mark... (IEM) Discussions and Chat

Impax Environmental Mark... Forums and Chat

Date Time Title Posts
03/5/202213:47Impax Environmental84

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Impax Environmental Mark... (IEM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 17:37:27404.50175,000707,875.00O
2023-05-31 17:06:26405.0018,38674,463.30O
2023-05-31 17:06:26405.001,4775,981.85O
2023-05-31 16:48:48409.361,4005,731.04O
2023-05-31 16:48:48407.6423,23394,707.00O

Impax Environmental Mark... (IEM) Top Chat Posts

Top Posts
Posted at 07/10/2021 12:54 by the white house
Left & not back in...yet...NAV down 5pc in a month share price down 10pc....oh dear
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Posted at 31/5/2018 14:57 by rrr
I bought a few more with Hargreaves Lansdown this very morning - no problem there. It's a publicly quoted share, an investment trust on the LSE, so I can see no reason why it should be restricted. Sounds like a rubbish excuse to me.

Edit: opening an HL account is easy!
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Posted at 23/9/2016 14:55 by tebboc
Yes Luckymouse. I bought in at £2.05 having watched these steadily increase over the past year, and they still keep going. I also like the fact there is a share buy back scheme in operation thereby reducing the shares in circulation. Tempted to buy more on any weakness
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Posted at 21/12/2007 07:57 by spangle93
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.
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Posted at 20/12/2007 21:50 by spangle93
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?
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Posted at 18/12/2007 10:20 by praipus
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

http://www.advfn.com/cmn/fbb/thread.php3?id=7778926
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Posted at 17/12/2007 17:30 by praipus
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.
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Posted at 20/9/2007 12:10 by lpf
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.

http://www.impax.co.uk/impax/ir/rns/rnsitem?id=1190282470nRNST1785E&t=popup
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Posted at 10/1/2007 12:28 by eriksay
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.
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Posted at 03/1/2007 11:16 by asparks
My top tips for 2007 are renewable energy companies. for a fairly comprehensive list see
http://www.advfn.com/cmn/fbb/thread.php3?id=8928483&from=249

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.
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