Elementis Share Discussion Threads

[stopaloss] 18/10/2012 14:33

Trading Statement Friday 26th Oct.

[painter] 18/10/2012 11:32

Consolidation yes but now 6% off the recent high with IMS due soon.

I am watching for a reason to top up here as I like ELM's growth prospects. I would like to see a few broker updates and increased volume. Last brokers note I think was on 17-Aug-12 Berenberg Bank Buy 214.00p - target 260.00p New Coverage

IMS was on the 28th October last year 2011 anyone know the exact date for this year?

[cockneyrebel] 09/10/2012 07:28

Nice little consolidation on the chart - setting up for a big rally here?

CR

[bones] 21/9/2012 17:14

Thanks for the info Enami :)

I know ELM was added to Stoxx600 recently as well.

[enami] 21/9/2012 16:15

bones "Very intrigued why so many were traded today at close of week and near the end of day" - FTSE quarterly review effective at today's close so many tracker funds rebalancing portfolios to reflect the changes.



FTSE250 Inclusions
Ashmore Group
ICAP
Playtech
Pace
SuperGroup
Unite Group
Workspace Group

FTE250 Exclusions
Melrose PLC
Wood Group (John)
Cape
JPMorgan Asian Investment Trust
Gem Diamonds
Avocet Mining
Aquarius Platinum

[bones] 21/9/2012 16:03

Substantial volumes today and a large chunk of these in the closing auction. A fair few blocks of the size of 100k and such like were in as market sales which was a bit disturbing to be honest. That said, around 300k block was on the bid at 246. Finally 233.4 optimised the uncrossing trade.

Very intrigued why so many were traded today at close of week and near the end of day.

Volume can be seen in the chart below:

[bones] 20/9/2012 16:53

hllpri - given that view, maybe selling 50% of the holding would be the best route to hedge your uncertainties? Never a bad thing to take profit though.

I have had 240p as a target for a while (as stated here a few weeks ago) so am not surprised at the pause here, but I believe we will see greater resistance at 260p which is nearer the uptrend channel top but the longer it consolidates at 235-240 I can see the next leg exceeding that too when it breaks out. The IMS is due late October I believe so I can see a run-up occurring ahead of that date but it will probably hang around current prices for now, unless the world collapses. All IMO, DYOR etc.

[hllpri] 20/9/2012 16:24

I sold my ELM yesterday.

This is a first rate Company that will prosper
in the long term. But the current share price,as
the Investors Chronicle likes to say, is "high enough"
for the time being.
Another cliche that is frequently used is also true here
i.e. "up with events."

If I am correct I hope to buy back at around 15-20% from
the current price. If I am wrong then good luck to the rest
of the long term investors.

[cockneyrebel] 19/9/2012 10:29

soon through 240p imo - glorious chart.

CR

[peter27] 19/9/2012 10:08

is 240 the new 200?

[stavros28] 17/9/2012 18:32

Hey Gard its doing the business.

Stavros

[cockneyrebel] 14/9/2012 16:10

yep, going great, fabulous stock to hold.

CR

[bones] 14/9/2012 16:06

Strong finish to the week on decent volume, helped by a friendly market place that sent everything up.

[bones] 14/9/2012 15:58

richjp - I guess what you want is freely available in the stats:


(see bottom of the page)

I am in this for capital gain and if a strong dividend policy helps the price along, that's great.

[richjp] 13/9/2012 19:33

bones - I am not sure that is the answer. I thought the yield statistic after an interim would take into account the final divi from the previous year, otherwise the yield figure is not a great deal of use.

[bones] 13/9/2012 17:16

Another institutional holding now above 5%:

[bones] 13/9/2012 17:14

richjp - the dividend was 2.45 US cents per share. It was an interim so is not the full annual yield.

[richjp] 13/9/2012 16:16

I am a happy holder here and I may buy a few more.

Looking at the financials on ADVFN, it states that the dividend is 1.94% That seems low so is that figure based on what we might call the normal dividend, but excludes the special dividends which we will hopefully to continue to receive?

[bones] 12/9/2012 16:37

Closed at another 2p up day, the price is rising by stealth, under the radars of those looking for significant moves. Happy with this as it does not imply any overbought positions.

[broadwood] 11/9/2012 08:13

Growth on its own is fine. Income alone is ok.

But growth and a rising income is the holy grail!

And its all here - throwing off cash to happy punters.

'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'

[apad] 11/9/2012 07:40

increased holding this morning
apad

[bones] 06/9/2012 17:21

Good finish today on decent volume. Markets were all helped by the ECB statement but even so, the price action of ELM is in keeping with expectations and the 225p close on volume that I mentioned a few days ago was achieved today. I am now looking for a run up fairly quickly to 240p - 260p ahead of the next interim statement in October.