Elementis Share Discussion Threads

[bones] 15/8/2012 21:39

for interest:



Elementis Specialties Will Locate At Bayer
August 15, 2012
Wetzel Chronicle
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Elementis Specialties Inc. will produce specialty rheological additives and dispersants for water-based coatings at Bayer MaterialScience LLC's New Martinsville Industrial Park. Bayer will lease approximately 2.5 acres of land and 48,000 square feet of building space to Elementis for an initial term of 15 years, with Elementis also having expansion and renewal options.

The Elementis operations will result in an as yet undetermined number of new jobs. Construction is scheduled to begin this month, and production is scheduled to start in the fourth quarter of 2012.

"We are pleased to expand our presence in West Virginia," said Greg McClatchy, Elementis Specialties president. "The site has easy access to railroads and major highways as well as excellent infrastructure, a skilled workforce, and a business-friendly climate. We are looking forward to the opportunities this new location presents for Elementis and for our customers in the coatings industry."

"Hosting Elementis reinforces our long-term strategy to add third-party tenants to our site," said Jeffrey Bolton, Bayer general plant manager. "We welcome Elementis into the New Martinsville manufacturing community, and we are especially pleased with the excellent fit of the company into our industrial park."

Bayer MaterialScience LLC is one of the leading producers of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with approximately 14,800 employees at 30 production sites around the world and 2011 sales of 10.8 billion euros. Bayer MaterialScience's 2011 sales in North America were $2.9 billion. The company manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries. Sustainability is central to Bayer MaterialScience LLC's business and is based around the key areas of innovation, product stewardship, excellence in corporate management, social responsibility, and respect for the environment.

Elementis Specialties Inc. provides innovative rheology control additives that are used to enhance the performance of customers' products and is part of Elementis plc group. In 2011, Elementis plc had annual sales of more than $760 million and employed approximately 1,200 people worldwide. The company has more than 30 locations, including 16 manufacturing sites, in eight countries. Elementis plc has a premium listing on the UK London Stock Exchange and is a member of the FTSE 250 Index, making it one of the 350 largest companies in the UK by market capitalization, and is also a member of the FTSE4Good Index. Best in class product quality, technical support, and customer service are the critical competencies of Elementis Specialties Inc. and provide the platform to deliver value to the inks, construction, oil field drilling and personal care markets.

[cockneyrebel] 14/8/2012 13:35

Big US retail sales numbers just out - big up-day for the mkt imo.

CR

[cockneyrebel] 14/8/2012 08:09

going through the high of last week today - the big breakout second leg still to come imo.

CR

[cockneyrebel] 13/8/2012 07:52

Agree - next leg up on the breakout should be exciting imo = blue sky here now.

CR

[leeson31] 10/8/2012 11:17

the line chart looking ridiculously good.. :-)

[cockneyrebel] 10/8/2012 11:06

Breakout, little pull back, then the big one? That's how it normally goes imo.

CR

[gardenarc] 09/8/2012 18:54

Nice :-)).

[petersinthemarket] 09/8/2012 17:49

Stavros -you around mate? What do you think?
Does this look like a blip, or a serious breakout?

[cockneyrebel] 09/8/2012 14:45

Whooshhhhhh!!! :-)

CR

[leeson31] 09/8/2012 14:17

got my limit at 228p

:-)

[cockneyrebel] 09/8/2012 14:15

How high off this breakout? 10%? 15% I reckon.

imo/dyor etc

CR

[cockneyrebel] 09/8/2012 13:00

Breaking out to a new blue sky high here today.

CR

[apad] 31/7/2012 21:17

FT comment:

As befits one of the world's biggest suppliers of chromium compounds for industries such as aerospace, Elementis has delivered a shiny set of results. These confirm the view that this is a specialist chemical company deserving a little more attention that it normally receives. Further gloss has been added by positive trends in the parts of the company making esoteric additives for paints that enable coatings to flow fairly freely – but with just enough viscosity to stop annoying drips on the floor. Assuming full-year pre-tax profits come in at about $154m, it is on a forward-looking p/e of 13.5 – pretty high for the chemicals sector but a ratio that could easily move higher.

apad

[broadwood] 31/7/2012 17:51

Elementis lobbing out cash to shareholders
Tue 31 Jul 2012

ELM - Elementis

Latest Prices
Name Price %
Elementis 210.00p +5.00%

FTSE 250 11,137 -0.91%
FTSE 350 2,992 -1.01%
FTSE All-Share 2,927 -0.99%
Chemicals 8,042 -1.03%

LONDON (SHARECAST) - Results from speciality chemicals group Elementis galvanised the share price on Tuesday after the cash-rich group announced plans to return surplus funds to shareholders on a regular basis.

Profit before tax in the first half of 2012 rose 12% to $79.0m from $70.6m the year before, on the back of a marginal improvement in revenue to $401.3m from $396.0m in the first half of 2011.

The operating margin improved considerably, from 18.2% in the first half of last year to 20.1% in the first half of this, as the strategy of replacing sales of low margin surfactants with value added coatings additives continued.

"Elementis has delivered another record financial performance in the first half of 2012," trumpeted Elementis Chief Executive, David Dutro.

The group ended the reporting period sitting on $29.9m of cash, a sharp turnaround from a year earlier when it had net debt of $54.4m.

The healthy cash position has encouraged the group to institute a special dividend programme that will provide a return to shareholders of up to 50% of year-end net cash on the balance sheet. That's in addition to the group's commitment to a progressive regular dividend which will see pay-outs roughly a third of earnings per share before exceptional items.

The interim dividend of 2.45 cents per share is equivalent to a sterling amount of 1.5643 pence per share and represents an increase of 5% over the dividend declared at this time last year.

"The board is confident that the group is well placed to generate further shareholder value over the medium term, and expects to make progress in the second half of 2012," revealed Robert Beeston,

JH

[stavros28] 31/7/2012 14:35

Yep that's what they do if the management don't have the vision.

[peter27] 31/7/2012 10:49

I don't want to pour cold water but I think this is a bit of a teaser as a special dividend will be payable only if 'there are no immediate investment opportunities'.

[stavros28] 31/7/2012 08:53

mmm extra cash for the boys told u gents !

6 Jul'12 - 15:17 - 2049 of 2063 edit


We are headed higher ELM watchers.

[broadwood] 31/7/2012 08:39

N+1 Brewin Elementis PLC 31/07/12 08:33 Upgrades Add Buy 1 220.00 230.00

[gardenarc] 31/7/2012 07:50

Sounds good to me broad .

[broadwood] 31/7/2012 07:25

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 07:58

Good write up in the MOS yesterday.

[gardenarc] 19/7/2012 08:54

Nice start ..

[peaeff] 18/7/2012 16:35

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