Elementis Share Discussion Threads

[broadwood] 29/7/2014 09:54

Elementis - the FTSE 250 global speciality chemicals company - posts pre-tax profits of $72.4m for the six months to the end of June, 7% up on last time. Sales were 3% higher at $400.0m and operating profits were up 5% at $76.8m on margins unchanged at 19%. Basic earnings per share rose 11% to 12.8c and the interim dividend of 2.70c is up 5% from a year ago. Group chief executive David Dutro said: "Elementis has delivered a performance in the first half of 2014 that demonstrates once again the resilience of our business model. The Group's strategy of creating its own growth opportunities combined with its strong and diverse market positions has helped to offset the first quarter weather issues that impacted our Coatings, Oilfield and Chromium chemical businesses in North America. "This performance was achieved despite global growth rates that varied by region and industry. Our strategy of extending the Group's geographic footprint and broadening our end markets contributed significantly to this first half performance. "We believe that few companies are as well positioned as Elementis to capture growth in a rapidly changing world and we are extremely proud of the high performance culture that we have built. "The group's global expertise, in combination with its robust business model and track record of generating strong profits and cash flow, gives confidence that the future is indeed promising and that Elementis will continue to make good progress in the medium term, with earnings per share for the current year in the range of market expectations." -

[apad] 29/7/2014 08:04

Interims v good cf say CRDA.
V confident tone and no mention of litigation.
beating currency headwinds should impress.
interesting comment on competitive advantage in US.
apad

[pyemckay] 11/7/2014 12:44

small beer contract wise, lawyers are the only winners in litigation

[peter27] 11/7/2014 09:28

No rns so presumably it's not regarded as material.

[pyemckay] 11/7/2014 08:47

litigation against ELM chromium division. Im no expert in this but from what i can gather there is a dispute about an exclusivity clause in a supply contract worth about $1.2m a year.

hxxp://pdfserver.amlaw.com/cli/memorandum/oca_memorandum_651617_2014_31.pdf

[toffeeman] 04/7/2014 10:53

ELM doing what BOY did yesterday - prediction: ELM will close at 271!

[broadwood] 04/7/2014 10:16

ELM regaining some of its composure after a weak quarter for the chemicals sector.

Weather problems are long forgotten and TP's are north of 20% higher in several cases.

[broadwood] 23/5/2014 16:55

Results Friday.

[broadwood] 23/5/2014 08:13

TP increase from Goldmans.

Goldman Sachs Elementis PLC 23/05/2014
Retains
Neutral Neutral
0
310.00 330.00 274.80
20

[cockneyrebel] 16/5/2014 10:46

Through support:

250p next support imo

[toffeeman] 15/5/2014 11:45

Long term trend line shows support at 270 - entry point for long or if it drops below a short?

[pyemckay] 15/5/2014 11:36

some niche markets, no debt, divis and special divis. Agree it is no bargain now, but happy to hold at the minute.

[cockneyrebel] 15/5/2014 11:07

A PE of 18 ? Not cheap imo.

A lot of their earnings coming from the US and overseas too - the strong £ has to hurt these imo.

CR

[whiteadder] 30/4/2014 11:15

The shares are XD today.Final and special.

[bones] 30/4/2014 11:07

Hindsight is a gift but it is certainly disappointing not to see buyers supporting the share at 290p. However, ELM is certainly not alone as the FTSE250 is undergoing a significant correction after recent exuberance (that ELM did not really participate in sadly). I feel ELM is simply being dragged down by the crowd at the moment on low volume, so I would expect a run back up to 300p assuming wider global issues do not suck the markets dry. I remain a holder for now.

[peaeff] 30/4/2014 09:07

The way this share has drifted in the post IMS days is unbelievable. It would have been far more lucrative to have sold at 300p plus and forgone the dividend, or, even better, to have sold and bought back in prior to ex. date. I would guess there will be a large exchange of shares along the line soon and then hopefully it will claw it's way back.

[broadwood] 24/4/2014 07:43

Global speciality chemicals group Elementis expects full year earnings to be in line with market forecasts. Group chief executive David Dutro said the company had started the year with good sales momentum across its broad based growth platform. He added: "As noted at the time the group reported its final results, short term weather issues impacted our North American based coatings, oilfield and chromium businesses in January and February, as snow and unusually cold temperatures disrupted transportation and caused some customers to temporarily close plants. "Despite these impacts Specialty Products still posted solid growth with stable margins and, although sales volumes in Chromium, the division with the highest dependency on North America, were slightly below the previous year, its operating profit was comfortably ahead of the comparative period - See more at:

[bones] 23/4/2014 01:25

Technically, we need this to finish north of 293p tomorrow, ideally with volume behind it.

[bones] 23/4/2014 01:24

gardenarc, not out of the question. ELM has a nice portfolio of businesses and plenty of cash but would cost a predator a small fortune (which is good!).

[gardenarc] 22/4/2014 20:40

Take over target maybe..

[peaeff] 22/4/2014 12:38

Maybe the yanks will give it a further boost at 2.30. Keep going.

[broadwood] 22/4/2014 10:33

AGM Thursday.

[bones] 22/4/2014 10:00

Peaeff, if this breakout can be held over the next two day closes, I'll expect a quick run to 315p initially before further turbulence.

[peaeff] 22/4/2014 09:38

Could it be today we hit the 300p marker, it's looking very possible, but how far beyond thereafter?.