As a further thought, Innospec could make another bid next month after six-months will have elapsed from them ceasing takeover activity in April. |
That's true, a bid could be made that hasn't been discussed with the board. Thankfully the 130p and 160p offers from Mineral Technologies and Innospec respectively were rejected, and any bid now would need to be at least 25-30% higher than the current price, say in the range 194-202p to have a fighting chance of success. Of course, the next results could surprise on the upside and put us most of the way toward that range in short order - fingers-crossed! |
It doesn't mean a bid isn't coming. |
Confident statement by the Chairman to buy £100k. Also means that there is no inside information currently, so no bids and due diligence bubbling along, but that can wait, and the business can grow a little more first. The price is ticking along nicely in the right direction. |
on what basis C77? Edited: I see by your previous posts that you are just one of those unsubstantiated rampers. i.e. Looser |
Take over getting closer. £2.80. |
Not even worth laughing at the IC - just best to ignore completely |
Should we laugh at the IC Epistrophy ? |
IC was a sell recc at 71p last year... |
A sell recommendation by the IC |
Why oh dear? Nothing horrendous... |
oh dear, back down to £1.30 |
Only pleasant ones I hope.. |
results on 29th, any surprises? |
Well I watched the webinar on 9 June and am satisfied that the company has a bright future. A global company with niche products, and developing new ones. What’s not to like? Any bid would need to be 50% above the present share price to interest me. |
Another bid imminent? |
Stuart Widdowson mentions ELM at 22:20 in the latest PIWORLD interview
Watch the video here:
Or listen to the podcast here: |
Some hefty buys today. Something in the offing? (again) |
Listened to the replay - very good session. |
In case you missed our webinar with Elementis the recording and stockopedia report can be found here:
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Did this last week before the rise from 150, fell in the morning, flat lined then rose from around 3 onwards, couldn’t get my head round why |
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: |
TVRs are standard procedure - nothing to do with brewing.
I said a long time back that I thought this would get taken out and I still think so - but probably not when anyone thinks so! |
We have had three bids rejected this year so far, total voting rights announcement today, something is brewing |
Might be wrong but I don’t see anything which indicates a bid. Broker increased price target to 170p last week, Croda (similar industry) got a big upgrade yesterday and the share price is basically underwritten at 160p. All those three combined, along with a general acceptance that the share price is currently undervalued, would suggest that a slow movement (with some big rises and then bit of fall back)to around 170p isn’t unexpected. |