Elementis Share Discussion Threads

[ade45] 30/7/2013 13:25

Big drop in debt stood out to me.

[peaeff] 30/7/2013 11:31

Well when I first read it, although not disappointed, I thought it might not be an share price mover but it seems to have been well received. Will hold for 250p.

[broadwood] 30/7/2013 10:18

The value of stock picking.

[broadwood] 30/7/2013 09:22

Market likes - so far.

[peter27] 27/7/2013 07:49

website says prov 30 july

[werty5] 26/7/2013 22:36

Next week I think. Fingers crossed it is a good one this share needs a bit of a boost.

[yewtrees] 26/7/2013 15:54

Does anyone know when the interims are out, I think it is soon.

[werty5] 15/7/2013 20:52

Ok big historical resistance here could bring the rise to a screeching halt.

[werty5] 12/7/2013 17:30

Nice rise today on good high volume lets hope ELM has wind in it's sails running up to the next IMS.

[johnv] 04/7/2013 11:57

Blackrock selling causing a bit of a overhang here.

[mellorscarthwaite] 29/6/2013 10:17

Broker snap: UBS upgrades chemicals groups Croda, Elementis and VictrexBy Benjamin Chiou

Date: Wednesday 26 Jun 2013

LONDON (ShareCast) - UK-listed chemicals stocks were making decent gains on Wednesday morning after UBS raised its ratings for sector peers Croda International, Elementis and Victrex after meeting up with the firms over recent weeks.

The broker said that it caught up with management and all agreed that while European trading remained challenging, softer comparatives are due to come in the second half.

"This, combined with recent share-price moves, theoretically creates a more attractive entry point. Sector valuations however remain on 15.5x price-to-earnings (PE), unchanged from January," UBS said.

As for chemical additives maker Elementis, the broker said that the first-half results due on July 30th "is unlikely to be a positive catalyst" but this is more than priced in with a PE of 14.5. The broker has upgraded the stock from 'neutral' to 'buy', saying that the company's cash-generative chromium model and generous dividend policy rewards investors with returns while they wait for a cyclical uplift from a construction/industrial recovery.

Meanwhile, analysts said: "Growth delivery from Croda remains in question although management was confident of growth once the Europe (38% of group sales) comparative drops out from Q3 assuming no further deterioration in demand. We see current valuations as fair however and upgrade to 'neutral' from 'sell'."

Polymers firm Victrex has also been raised from 'sell' to 'neutral' on valuation grounds

[gardenarc] 27/6/2013 19:05

She will be ok again given TIME..

[peaeff] 27/6/2013 12:23

The recent manipulation of many sheres, not only this one, is surely not for the benefit of PI's. Without any news to guide a share price, how can it be worth 20p less than it was a week before or 20p more than it was a week ago. The only people to benefit from such movement are institutions and market makers and anyone who says PI's are on a level playing field, IOM, are very mistaken.

I certainly wish I had sold most of my holdings, as I intended to do, at the beginning of May but didn't so I'm playing what could be a long game of catch up.

ELM has been a particularly good money spinner for me over the past 2-3 years and I am hopeful that it will recover quite quickly, but disappointed that for the second time, at this time of year, I have been in this position.

regards

[werty5] 27/6/2013 10:31

Back to the normal downward trend then.

[werty5] 26/6/2013 20:27

Agree due a bounce back after steep falls of recent days. I hope that there might be some more bargain buying before the next IMS and then fingers crossed the next IMS is a good one.

[broadwood] 26/6/2013 17:26

tracker - I'd think its simply catching up after recent falls. Latest statement was quite positive but in the recent shake down all ships sink lower on a falling tide.

[trekker60] 26/6/2013 16:57

Broadwood or anyone else: Any thoughts about why the sharp bounce over the last couple of days? Just in line with the overall market or individual factor, i.e. seen as particularly good value after the recent share price fall? There was some speculation a while back that Elementis might eventually be a takeover target but although there has been quite a bit of volume over the last few days, buy/sell numbers appear pretty matched so apparently no real evidence of that at the moment.

[broadwood] 26/6/2013 09:19

Been going well this past couple of days.

[peter27] 14/5/2013 08:39

I don't know but sometimes part of LTIP shares get sold to meet a tax liability?

[wjccghcc] 13/5/2013 23:23

I tend to view option exercise and sale as part of a director's renumeration so don't get too worried by it.

You're right the RNS was unclear.

[bones] 13/5/2013 21:31

WJCCGHCC - I see, although it didn't appear clear in the RNS that they exercised the amount they sold. I didn't check it against the 2012 annual report. My bad :)

That said, I am uncomfortable that they sold the lot, save their core holdings which are small compared to the amounts sold. It is not the greatest vote of confidence in my eyes, although I cannot blame the guys for cashing in.

[wjccghcc] 13/5/2013 17:35

Actually it's not a disposal of their stakes. It's the exercise and sale of the 2008 LTIP options. Two directors actually increased their stakes by retaining some of the shares awarded while the two others sold what they were awarded.

Net, the directors have increased their holdings.

[bones] 13/5/2013 16:04

I was slow off the mark spotting this major sale by directors across the board on 7th May!



That's the majority of the shares each one owned, all sold for 252p, ex-div so they had the dividends too. That is enough for me and I am out! I cannot trust a major sale like that.

What kind of signal are the directors sending here? They have relatively little incentive from here on in.

[bones] 04/5/2013 17:00

Presumably a seller exists for those transactions! Whatever the case, it was a decent price above the close value, so not sure how delayed it was in being reported.

[ade45] 04/5/2013 11:26

£5 million in 2 buys after the close