I'm watching |
Must be on someone's radar. |
Hope it will get taken out - that's why I bought in the first place - thought it would happen ages ago. |
A bid is the way we need to go. OK company but dead neck management. |
bid rumours ????? |
Could be asset sale. |
suspicious spike....any views? |
ELM actually report in USD thoughBut their shares are quoted in £Any US potential buyer potentially looking at a collapsed pound bargain accordingly...as I understand itAgain NRII note this is the largest holding in OIT who are proven stock pickers The early August results were strong unless things have deteriorated in the interim which I suspect unlikely but wtfdik .... |
Errrr yes How long til that PE buyer returns I wonder NRI |
Think it's the opposite?! |
Weak pound not good for overseas earnings... |
This has been a nice place to hide in weeks gone past |
Terrible recent performance - the company is going nowhere and I now doubt whether any bidders will emerge until price drops further. Time to offload ? What did the Board say about a value of £1.70 ! |
Has been for a few years now |
Take over target????. |
Tipped by Jefferies today |
That's a solid trading update, in spite of the headwinds. The possible sale of the Chromium business introduces some risk as to how much it might be worth to bidders. In 2021 Chromium represented 19% of sales yet only 11% of operating profit, so no wonder the BoD wishes to focus on Coatings and Personal Care, and to a lesser extent, Talc, which had a tough quarter also. |
Should IMO be heading back to previous levels, otherwise IMO it will be seen as a target by some..DYOR |
Nice to see continued rise and glad I topped up...DYOR |
 THanks and interesting view after 17% revenue increase last year and "strong new business" statement, reduction in net debt to 401m and ND/EBITDA down to 2.6X
CEO statement below and don't forget it was subject to an opportunistic bid recently....
DYOR, but not sure why this should be a sell given the debt improvements being made and statement below?
"In 2021 our financial performance was much improved, benefitting from the combination of focused strategy execution and improved industrial demand. In an environment of continued supply chain challenges and accelerating inflation, the Group has demonstrated its resilience and the importance of our continued efficiency focus and targeted pricing actions.
We have made an encouraging start to 2022 and expect to deliver an improved financial performance. Continued implementation of our strategy will enable the delivery of $50m of new business opportunities, the launch of 20 new products and progress towards an additional $10m of cost savings by 2023.
The fundamentals of our business remain strong. We have a talented team and high quality assets with enduring competitive advantages. I am confident that the implementation of our Innovation, Growth and Efficiency strategy, in combination with our self-help actions, positions us well to deliver our medium term financial objectives and generate significant shareholder value" |
Our advisory broker sold at 126 last month and I see down as a Sell in IC today FWIW, sees little upside in earnings and a big debt to service. |
Looks a mad price drop, did I miss a profit warning somewhere? DYOR |
Added a small yesterday. |
Can't see why else we are up in a very down market |
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