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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Elementis Plc | ELM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 0.57% | 141.80 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 146.00 | 141.00 | 146.20 | 141.80 | 141.00 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
Posted at 25/9/2023 09:07 by lomax99 Investors back Franklin Mutual calls for Elementis saleLeading investors in Elementis have supported calls for a sale of the company as their "patience has run out" with its executive team.Shareholders in the chemicals group have backed the calls from a key investor for new ownership after the board of directors refused to consider a sales process lastlast week.Franklin Mutual, a US fund manager with a 9.8 per cent stake in the group, last week outlined its concerns about Elementis's "stagnant share price" in an open letter after pleading with executives for change behind closed doors. But the board said the company would not solicit bids because the business could still create "substantial value" as an independent entity. They said the company had performed well despite the worsening economy.Investors have now publicly backed Franklin's stance after years of privately campaigning with the board for change. Franklin has complained that the board has been unable to improve operating performance and returns and urged for a formal sale process to start before the end of next month.Schroders Investment Management, the company's sixth-largest shareholder with a stake of 3.8 per cent, said Franklin's statement was "brilliantly analysed".Andy Brough, co-head of Schroders's European small and mid-cap equity team, said: "It was absolutely one of the best letters I've ever read in my 135 quarters of running money. I'm quite envious actually. I absolutely support them and I think quite a few other shareholders do."Odyssean Capital, the eighth-largest shareholder with a stake of 3.1 per cent, said investors had given the board time to "demonstrate their ability to add value" after rebuffing previous takeover offers. Minerals Technologies, a US company, made a 130p-per-share bid for Elementis in 2020, and Innospec, a US chemicals specialist, offered 160p per share in 2021. Elementis's share price is 124p.Stuart Widdowson, managing partner at Odyssean, said: "We believe that Elementis is a higher-quality company with some unique and valuable assets and believe that the rating of its shares has failed to reflect these attributes for some time."We suspect that other shareholders share many of the frustrations, views and sentiments expressed by Franklin, who are hardly well known as activists. It seems like the shareholders' patience has run out and maybe it's time for someone else or some other corporate to have a go at unlocking the value that sits within the company."Elementis declined to comment.pleading with executives for change behind closed doors. |
Posted at 20/9/2023 12:19 by eigthwonder The Board are too happy collecting their salary to consider realising proper value for investors IMO |
Posted at 14/11/2021 09:47 by simon gordon R&M Recovery Fund - 31/10/21:We continue to build a position in Elementis, a specialty chemicals producer focused on the coatings, personal care and talc markets. Its potential to deliver improved profit margins is supported by leading positions in niche markets which have recovery potential following covid-19 disruption. Hard to replicate asset bases (chromium, hectorite and talc mines) and, above all, IP (intellectual property) in formulations underpin the quality of its business franchises. Elementis products are typically only a small part of customers’ overall cost (3-5%) but play a critical role and are therefore follow value-based (rather than commodity) pricing structures, another way of saying it has strong pricing power. There are sustainability tailwinds for its products, such as hectorite clay replacing synthetics, which we believe are genuinely incremental and overall, the faster growth in value-add products is shifting margin potential upwards. Share price weakness, which we associated with general investor concerns around the macro outlook rather than anything stock specific, has given us the opportunity to buy at ~12x normalised free cash flow. We see this as an attractive discount to fair value whether you look at the group as a whole or broken up into the sum of its parts. |
Posted at 02/6/2021 08:57 by sharesoc We are hosting a joint webinar with Yellowstone for a presentation with Elementis on the 9th June which may be of interest to current shareholders and potential investors. James Curran, Director of IR, M&A and Strategy gives the latest updates: |
Posted at 19/5/2021 14:17 by yellowstoneadvisory Webinar: 9th June at 12pm. James Curran, the Director of Investor Relations, Strategy and M&A at Elementis will present the webinar covering the outline of the company and details from the FY results in March and the TU on May 13th. This is an event for private investors hosted in conjunction with ShareSoc.Register: hxxps://us02web.zoom |
Posted at 20/4/2021 14:20 by wildchild Maybe. Always frustrating being a private investor, and last to know anything whatsoever. |
Posted at 20/4/2021 11:09 by typo56 Note "one investor" suggested and it would be an undisclosed mix of cash and shares, which is usually less attractive than a cash bid. Charts suggests it's a rumour been doing the rounds for week. |
Posted at 20/4/2021 08:43 by csmwssk12hu From Sky newsThe disclosure will again raise questions about why the written offer from Innospec had not already been divulged to Elementis's shareholders given the credibility of the bidder. One investor suggested that the bid had been tabled in a mixture of cash and shares, and that it valued Elementis at more than 200p-a-share. |
Posted at 19/4/2021 10:04 by richjp You can access the Sunday Mail online for free and read the article. It suggests a bid of possibly £1B. The current market cap according to this website is just under £800K implying a bid therefore around 165 - 170P.The Mail often gets mocked for good reason, however I have often found that its financial pages have always been pretty good for the private investor. |
Posted at 25/2/2021 12:16 by solarno lopez They clearly take the advice of an esteemed investor |
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