Elementis Share Discussion Threads

[tradermel] 25/2/2014 07:49

Great looking RNS

[bones] 25/2/2014 07:42

Decent enough outcome:

HIGHLIGHTS

· Group earnings per share increased by 6 per cent to 23.0 cents per share.

· Strong growth in Specialty Products:

o Sales and operating profit* up 10 per cent.

o Double digit sales growth in Personal Care and Oilfield drilling.

· Another year of excellent cash generation:

o Net cash position increased to $54.1 million.

· Total dividends for the year increased by 11 per cent to 13.93 cents per share:

o Special dividend increased by 22 per cent.


"Cash generation was again a strong feature of our performance in 2013. We invested in new manufacturing facilities, acquired Hi-Mar in the US and made our first special dividend payment in the year. Despite this the Group still managed to increase its net cash balance at the end of the year by $10.1 million to $54.1 million. Consequently, we are continuing with our dividend policy of paying approximately one third of earnings each year as the combined interim and final dividend, plus a special dividend of up to 50 per cent of the year end net cash balance. As a result our shareholders will receive a 22 per cent increase in the special dividend and an 11 per cent increase in total dividends for the year.

Although it is widely anticipated that 2014 will be a period of modest growth in global GDP, our internal performance targets and growth objectives are not predicated on improvements in overall market conditions. Based on our strategic position, focus on innovation, strong product portfolio and healthy new product pipeline, we remain confident in our ability to deliver profitable growth across a broad range of economic scenarios."

[peter27] 24/2/2014 11:53

website says tomorrow!

[broadwood] 24/2/2014 11:21

Must admit, I've searched for a results date but it seems to be a well guarded secret.

Should be in the next few days though.

[peaeff] 24/2/2014 09:11

Results should be out this week, it was the 24th last year. Not a lot to be gained from current share price trend, although nicely at the top end of things, but it would be pleasing if we could breakout from, and hold above, this 275p barrier with a good set of figures. GLA

regards

[bones] 13/2/2014 18:44

Chart update. Taking another run at 275p (at a leisurely pace).

[bones] 07/2/2014 23:46

Final results were on 26th February last year. Maybe this year's will be the springboard to break the highs of 275p?

[bones] 07/2/2014 23:44

Breakout is still threatening but it needs to get cracking soon if it doesn't want to lose momentum and its uptrend line:

[bones] 10/1/2014 21:36

To me, the long term chart is showing signs of a breakout from the wedge. Price has just retested the breakout line and could fly from here if momentum builds and clears the highs. It won't be before time given the favourable position ELM occupies in the early cycle of recovery worldwide.

[werty5] 29/11/2013 05:46

Looking a lot like a reverse head and shoulders pattern in the chart.

[yewtrees] 13/11/2013 12:45

This is a good company, should be more than this, just look at its last results.

[ade45] 26/10/2013 11:48

ELM does well no matter what the economic conditions

[broadwood] 25/10/2013 16:10

Speciality chemicals group Elementis was the strongest riser on the FTSE 250 saying it delivered a "resilient performance" for the three months ended September 30th and saw a return to more normal trading patterns in oilfield drilling.



FTSE 250 - Risers
Elementis (ELM) 267.40p +9.46%
Premier Oil (PMO) 347.30p +3.70%
Grainger (GRI) 192.00p +3.56%
Imagination Technologies Group (IMG) 290.80p +3.34%
Fisher (James) & Sons (FSJ) 1,111.00p +2.68%
Drax Group (DRX) 670.50p +2.13%
Centamin (DI) (CEY) 51.30p +1.99%
PayPoint (PAY) 1,049.00p +1.84%
Computacenter (CCC) 559.50p +1.63%
BH Macro Ltd. EUR Shares (BHME) € 20.15 +1.51%

[pyemckay] 25/10/2013 13:58

its a cash cow!

[chester] 25/10/2013 13:34

I'm sure this was negative at the open, now up 10%. Very nice.

[cockneyrebel] 25/10/2013 12:35

Nice, in auction up 12% :-)

CR

[bones] 25/10/2013 12:20

I liked at 7am, reviewing my shortlists' RNS's while drinking tea in bed. Bought in 8.10am @ 246p. I like even more...!

I like the cash generation element of this company.

[broadwood] 25/10/2013 08:44

Market digesting - and liking.

[chester] 25/10/2013 07:57

Ticking up now..

[cockneyrebel] 25/10/2013 06:23

Sounds rather good imo, and pretty upbeat considering the global economy.

Well off the highs too.

CR

[broadwood] 25/10/2013 06:09

In line - satisfactory enough.

[mechanical trader] 21/10/2013 11:17

Broker update

2013 Elementis PLC ELM Canaccord Genuity Buy 250.35 247.30 275.00 275.00 Reiterates

SP target 275p

[mechanical trader] 21/10/2013 07:03

Broker Update....

21 Oct 2013 Elementis PLC ELM Berenberg Buy 247.30 247.30 290.00 285.00 Reiterates

SP TARGET 285p.

[mechanical trader] 18/10/2013 13:51

Update 1st of November.

[mechanical trader] 18/10/2013 12:22

Still holding.

Update I think next week or one after.

Good day today.