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IEM Impax Environmental Markets Plc

387.00
0.50 (0.13%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Impax Environmental Markets Plc IEM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.50 0.13% 387.00 16:35:12
Open Price Low Price High Price Close Price Previous Close
386.50 383.50 388.00 387.00 386.50
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Impax Environmental Mark... IEM Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
02/02/2024InterimGBP0.02915/02/202416/02/202415/03/2024
28/07/2023InterimGBP0.01710/08/202311/08/202301/09/2023
01/02/2023InterimGBP0.02509/02/202310/02/202310/03/2023
28/07/2022InterimGBP0.01504/08/202205/08/202226/08/2022
29/12/2021InterimGBP0.01506/01/202207/01/202228/01/2022
29/07/2021InterimGBP0.01305/08/202106/08/202127/08/2021
11/02/2021InterimGBP0.0118/02/202119/02/202112/03/2021
30/07/2020InterimGBP0.01306/08/202007/08/202028/08/2020
25/03/2020InterimGBP0.0302/04/202003/04/202024/04/2020

Top Dividend Posts

Top Posts
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.
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?
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.
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.
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.
Posted at 08/1/2007 13:42 by don muang
Seems someone's keen on IEM - they've purchased nearly £11k worth of the warrants today.....
Posted at 11/12/2006 11:01 by rambutan2
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...
Posted at 06/11/2006 13:03 by asparks
is IEM isable?
Posted at 08/9/2006 10:42 by lpf
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.
Posted at 21/7/2006 08:55 by don muang
IEM Warrants seem to be holding up quite well considering the diluted NAV per ordinary share is now 98.38p.

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