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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Yule Catto | YULC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 178.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 178.90 | 178.90 |
| Top Posts |
|---|
Posted at 28/6/2012 13:35 by tpinvest Maybe this will cheer you all up a little!!!By Geoff Foster DAILY MAIL PUBLISHED:22:00, 27 June 2012 | UPDATED:22:00, 27 June 2012 Comments (1) Share The odds on a takeover bid materialising for Yule Catto shortened considerably when shares of the chemicals maker crashed 38.9p, or 22 per cent, to a 52-week low of 138p on a shock profits warning. Investors bailed out after the company said it expects business to be hit by the volatile euro and by weak demand for nitrile in Asia, a region where it was increasingly shifting its focus. Nitrile is a speciality chemical used in the manufacturing of latex a very fine quality of rubber used in the making of rubber gloves. Yule Catto had said in March that it expected sales from emerging markets to offset low growth in developed markets but now the board reckons demand will remain weak until next year. Speciality chemical companies have in recent years been swallowed like flies. International bidders have swooped on those companies that make anything from additives for everyday products, such as paints, to materials used in the semiconductor industry. The diversity of their businesses makes the sector recession proof, as the need for their chemicals will always be there. Yule Catto last year was the subject of intense speculation that either Dow Chemical or BASF of Germany was prepared to fork out £1.2bn or 350p a share in cash to swallow the Harlow-based company. Any interested party would have to get the green light from Kuala Lumpur Kepong, which owns 19 per cent of Yule Catto's equity and has been a major shareholder since 1976. Read more: |
Posted at 14/3/2012 09:12 by kimball808 yep great results, I was a bit squeaky bottom pre market on how investors would interpret the exceptionals. But now they are out of the way, looks like a great base for 2012/13. If forecasts are anything to go by current share price seems a great discount to its peers (2012 81%, 2013 111%)Chairman says... 'When we announced the acquisition of PolymerLatex we committed to deliver hard synergies of at least GBP20 million from the combination of both polymer businesses. I am pleased to say that, at the end of 2011, only nine months after the acquisition, we had already established a synergy run rate (annualised rate of delivery) of GBP15 million. The Board now anticipates we will achieve an annual run rate of GBP25 million by March 2013.'....which is nice... |
Posted at 14/3/2012 07:38 by cockneyrebel Yes, and PE for this year of around about 8.5 - that must look cheap to most investors when you're looking at 20%+ growth in store this year imo.CR |
Posted at 14/12/2011 21:04 by copyright As per Yule Catto website (Investor Relations page)Preliminary announcement 14th March 2012 |
Posted at 08/11/2011 10:32 by cockneyrebel I dare say most investors feel like you petersinthemarket.For that reason I'm bullish. I think shares are oversold andwhenb they reveal news more often than not they surprise to the upside. Trading update here on Thurs - let's see what the reaction is like - BASF, ELM etc all seem to have been better than expected recently. CR |
Posted at 04/11/2011 21:52 by scottishfield good post peters in,but I hate trading, I'd like to think I'm an investor, but a take the point that you make. |
Posted at 05/9/2011 11:21 by rcturner2 I think the problem for companies like Yule is that there is no rush to buy the shares. Markets are weakening and that will mean that earnings are potentially weak. The low dividend doesn't help, if this co paid a better proportion of the earnings as dividend then far more investors would be interested as the yield would be attractive. |
Posted at 26/8/2011 11:37 by petersinthemarket excellent results IMO but too much caution in the report. Doesnt take much of a low note to make investors nervous right now.pim |
Posted at 07/7/2011 11:34 by kiwi2007 As STEVENLONDON3 said "cheap fundamnetals with possibility of a bid must appear a low risk bet for some investors"...Anyway this from FTAlphaville.... NH this Yule Catto bid story NH won't die Yule Catto and Co PLC (YULC:LSE): Last: 250.70, up 7.5 (+3.08%), High: 253.50, Low: 243.20, Volume: 955.11k NH i wonder NH we get the rumours NH then we get the approach? NH it's happened a few times recently NH and this company is way more interesting that we had given it credit for BE Really? Haven't looked at it properly for years, truth be told. BE What's interesting in latex? NH well first NH they have a big shareholder NH Kuala Lumpur Kepong NH this is owned by some billionaire NH and some people think he's been approached for his stake NH 19% NH via HSBC NH the sort of people that could be interested are NH BASF NH Clariant NH Dow Chemical NH and something called Styron NH Now NH this company is interesting NH is because NH the rubber glove market is growing very quickly NH 10-15% a year NH the reason for the growth NH is that every time you visit the dentist NH they change gloves for a different patient NH the same in hospitals NH and then there's synthetic rubber gloves NH which are growing fast NH because people are allergic to rubber BE I see. BE And, multiply that over emerging markets and you come up with some proper growth. NH indeed NH and Yule Catto NH have corned this market NH they won't admit NH but the recent deal they did NH gave them something like a 40% market share NH don't know how they got it past the regulators NH but they did NH it was also their biggest rival NH and huge in Malaysia NH where most of the world's rubber comes from BE What was the name of the acquisition again? NH The PolymerLatex Group, headquartered in Germany, is an established player in the development, production and distribution of emulsion polymer products. NH they bought in December NH and this was the reasons offered as to why NH Specifically, the Directors believe that the Acquisition of PolymerLatex delivers a number of strategic benefits to Yule Catto, including: - building Yule Catto's position in the xSBR latex market by adding European manufacturing assets, new end markets and applications development capabilities, enabling Yule Catto to compete more effectively in this market segment; - providing Yule Catto with access to additional modern, purpose-built nitrile latex capacity in Malaysia, offering the opportunity to expand Yule Catto's product offering in the growing synthetic latex protective gloves market. The PolymerLatex Group's manufacturing facilities in Malaysia also offer growth opportunities for Yule Catto in xSBR in the Asian market; and - providing Yule Catto with access to additional manufacturing process expertise, research and development and technical service capabilities. NH there you go NH rubber gloves a growth market NH and once again NH we discover a world leading gem NH among the FTSE 250 NH amazing how many decent industrial companies NH you can find BE As demonstrated by the increasing number of bids in that band recently. NH indeed |
Posted at 07/7/2011 09:38 by stevenlondon3 The share is still on a low rating...buying on cheap fundamnetals with possibility of a bid must appear a low risk bet for some investors. The share price is only 8p above its february high. |
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