Elementis Share Discussion Threads

[broadwood] 31/7/2012 06:25

Strong results - there's nothing not to like especially the announcement of the 'special dividend programme'. These should fly.

Given the Group's robust balance sheet position and the strongly cash generative nature of our businesses, the Board has announced that, in addition to the current progressive dividend policy, a special dividend programme will be instituted that will provide a return to shareholders of up to 50 per cent of year end net cash on the balance sheet.
We are well positioned to further enhance shareholder value through our key growth strategies of geographic expansion, market share gain, new product development and bolt-on acquisitions, and expect to make further progress in the second half of 2012."

[broadwood] 23/7/2012 06:58

Good write up in the MOS yesterday.

[gardenarc] 19/7/2012 07:54

Nice start ..

[peaeff] 18/7/2012 15:35

much better today. A few shares cleared last 2 days.

[stavros28] 17/7/2012 08:34

IRV is swimming with the tide gard but has moved a fair way BLND also good 4 me.

[gardenarc] 16/7/2012 14:58

Yep everthing well all mine are doing naff all ..

[stavros28] 16/7/2012 07:25

General market has been weak .

[peaeff] 13/7/2012 21:19

Not by stavros.

[gardenarc] 13/7/2012 15:10

Expected..

[jsbach123] 12/7/2012 19:40

Anyone any suggestions for the fall over the last few days?

[stavros28] 06/7/2012 14:17

Very good result considering the FTSE.
We are headed higher ELM watchers.

[gardenarc] 06/7/2012 13:30

Looks ok so far today.

[stavros28] 03/7/2012 06:33

Director buys are more important sales have no track record in timing the trade fogged by house purchase, tax and divorce reasons.

Stavros

Back from hols

Looks like ELM has made a little double bottom like IRV mmm

[peaeff] 01/7/2012 10:22

Director sell of 100,000 @189p I hope that isn't a sign of things to come.

[apad] 29/6/2012 18:05

A little more detail from Bloomberg:

Elementis Plc (ELM), the specialty chemical maker born out of British tea-trader Harrisons & Crosfield, agreed to acquire Watercryl Quimica Ltda. of Brazil for $24 million to expand in the Latin American market for coatings additives.

Watercryl generated sales of $9.3 million and earnings before interest, taxes, depreciation and amortization of $2.3 million in the year through May, and the deal is expected to close in the second half, the London-based company said in a release today. Elementis shares climbed 2.7 percent to 193 pence as of 8:49 a.m. local time.

Elementis will combine Watercryl with its existing Specialty Products offering to accelerate growth in Latin America. The company is seeking out other investment opportunities to pursue expansion in high-growth markets, Chief Executive Officer David Dutro said in the release.

"This acquisition represents significant progress in extending our reach into the fast growing and increasingly sophisticated Latin America coatings market," Dutro said.

The purchase price implies a multiple of 10.4 times Ebitda, compared with a median ratio of 7.19 for specialty chemical deals in western Europe over the past six years, according to data compiled by Bloomberg.

[sonigill] 28/6/2012 13:21

Has good instu investments now, but price keeps on falling. 170 seems key. What do u think a good entry point is?

[gardenarc] 28/6/2012 07:33

Yes if you look back over years un years ..

[sonigill] 27/6/2012 20:44

This company seems like a good long-term share. Any thoughts?

[gardenarc] 27/6/2012 08:28

Just added a few croda as i watch un wait on ELM.

[gardenarc] 27/6/2012 08:14

Barcharts are a good read to weigh up when to add to a company peaeff..

[gardenarc] 27/6/2012 08:12

Thats true peaeff its not a buy at this moment in time, but you never know ELM is one of the oldest plc.

[peaeff] 27/6/2012 07:42

Hopefully this won't react too much to the Trading update put out by YULC today (same sector) which has seen a 15% retrace on dwindling revenues.

[apad] 26/6/2012 14:53

Anybody found a website for Watercryl Quimica?
apad