Elementis Share Discussion Threads

[gardenarc] 22/4/2014 19:40

Take over target maybe..

[peaeff] 22/4/2014 11:38

Maybe the yanks will give it a further boost at 2.30. Keep going.

[broadwood] 22/4/2014 09:33

AGM Thursday.

[bones] 22/4/2014 09:00

Peaeff, if this breakout can be held over the next two day closes, I'll expect a quick run to 315p initially before further turbulence.

[peaeff] 22/4/2014 08:38

Could it be today we hit the 300p marker, it's looking very possible, but how far beyond thereafter?.

[bones] 17/4/2014 14:02

Hit 293p and then smacked back again :)

ELM is winning this tug-o-war I think! Got to push through to 300p to exhaust the sellers.

[bones] 16/4/2014 19:38

LOL, you are not wrong Peaeff! I think I will claim copyright on a new pattern, "the windsock".

That said, a strong performance today. Seems that buyers and sellers are violently tussling and that the up moves are strong when they happen. Will 300p be challenged soon?

[peaeff] 16/4/2014 17:52

Bones

your classic flag set up seems to be getting longer by the day. I take it that as long as it doesn't droop we shall be OK.

All very volatile at present.

[bones] 11/4/2014 20:15

292p is proving to be stubborn and sellers are there every time. That said, the performance is very strong in the face of crummy market sentiment so I remain convinced that this will fly up to the 315p area pretty sharply if it can get some momentum buying beyond 292p and close above it for a couple of days.

[bones] 28/3/2014 08:01

Classic flag set up here for a run to 315p if the 290 area can be breached.

[broadwood] 28/3/2014 07:09

TP increase.

JP Morgan Cazenove Elementis PLC 28/03/2014
Retains
Overweight Overweight 0 284.00 320.00 282.80 36 2

[peaeff] 19/3/2014 10:17

Looks as though the above information has had an effect. It would be nice to challenge the 300p level soon.

regards

[bones] 17/3/2014 19:57

Excerpt...

"....Elementis is a specialist company that also sits in the FTSE 250. It makes up close to 2 per cent of Henderson's Henderson UK Equity Income & Growth fund.

Like Senior, the stock has delivered very high returns over three and five years and has a dividend yield of less than 2 per cent. However, according to FE Analytics it has underperformed against the index over 12 months, with returns of 11.18 per cent.

Henderson is a fan of Elementis because it is an example of a company with good capital discipline.

He says that while the company directors are investing for growth, they aren't making wild acquisitions, which is good news for income investors.

"Elementis will have a special dividend this year and had a special dividend last year, on top of its ordinary dividend," Henderson said.

"What it is doing is giving back half of its cash on its balance sheet as a special. So if it were to make an acquisition, then you wouldn't get the special, but every year it doesn't, cash comes back out to shareholders."

Our data shows that Artemis UK Growth and Invesco Perpetual UK Smaller Companies Equity are among the four funds in the IMA universe that count Elementis as a top-10 holding....."

© Trustnet Limited 2013. All Rights Reserved.

[bones] 10/3/2014 21:58

Backtesting breakout level plus some hefty volume to lend support today. Held up well on a day when most cyclical stocks fell off somewhat. Would hope for progress tomorrow to get the new highs running.

[bones] 01/3/2014 21:36

Short term view of breakout shows the increased volume accompanying it suggesting a growing appetite for the stock even at these levels:

[bones] 01/3/2014 21:30

The long term chart shows how significant this breakout could be if it can hold for a while above 275p, a resistance level that lasted well over one year batting back the price. Potentially this could run ahead strongly having broken free of the old all time high ceiling.

[broadwood] 28/2/2014 19:20

Very nice move today.

[peaeff] 28/2/2014 10:11

Good start lets hope the US market chips in later.

[bones] 28/2/2014 09:36

Need this breakout to hold for a couple of days.

After the recent results, there is no reason why this should not crack on above 300p, the stock is potent mix of cash-generator and cyclical grower.

[yewtrees] 25/2/2014 15:21

Need the Mail on Sunday to do another article on Elementis, it was featured in their Midas a while back. They normally like to pat themselves on the back, when they pick a winner.

[broadwood] 25/2/2014 15:13

Will soon be heading north again.

Global speciality chemicals group Elementis hailed an "excellent" 2013 for the group as it posted healthy full numbers and underlined its confidence on outlook by hiking both its final payout and special dividend.

Full-year pre-tax profits increased 2% to $136m on sales ahead 3% to $776.8m. Basic earnings per share rose to 23.3 cents from 22.2 cents. The net cash position improved 23% to $54m.

Group Chief Executive, David Dutro said: "2013 has been another excellent year for Elementis with sales, operating profit, operating cash flow and earnings per share all showing a positive trend."

Across the divisions, Elementis Specialty Products delivered "excellent" growth in both sales and operating profit for the year, with stable operating margins.

The division, which provides additives for architectural and industrial coatings, personal care and oilfield drilling markets to improve flow characteristics customer products, benefitted from all its main market segments and geographies contributing to the growth.

As previously reported by the group, the Elementis Chromium arm was impacted by a planned maintenance shutdown in the first quarter. It recovered from the closure as the year progressed, delivering stable margins for the full year. The division provides chemicals to its customers that make their products more durable in applications such as aerospace alloys, timber treatment and leather production.

Meanwhile, Elementis Surfactants, which makes ingredients and products that are used as intermediates in the production of chemical components, continued to benefit from improvements in the quality of its product portfolio. As a result, the division's operating profit improved 17% versus the previous year.

Dutro said that although it is widely anticipated 2014 will be a period of modest growth in global GDP, the group's internal performance targets and growth objectives are not predicated on improvements in overall market conditions.

He added: "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."

The final dividend has been increased by 3% to 5.5 cents while the special dividend has been hiked by 22% to 5.86 cents from 4.79 cents. The group's dividend strategy, announced in 2012, is to pay out approximately one third of earnings, before exceptional items, each year in a combination of interim and final dividends.

In mid-morning trade Elementis shares were off 1.6% or 4.65p to 271.55p, easing down after a strong run over the month.

[peaeff] 25/2/2014 08:57

I topped up yesterday in anticipation and was, rightly or wrongly, pretty impressed at 7.30 this morning. I still think the figures are good and there will be significant movement sometime in the next few days.

[bones] 25/2/2014 08:51

Dull market opening in general. I've taken the offer to top up at 276p!

This share should appeal to income funds as well as being a cyclical growth story.

[peaeff] 25/2/2014 08:12

Very early days but, so far, a surprisingly negative response from the market. I suppose it may take a couple of days for the, so called, anylists to make what they will of it all.

[temo82] 25/2/2014 07:54

Agree tradermel. Great results and very positive outlook for 2014HIGHLIGHTSEPS increased by 6 per cent Strong growth in Specialty Products increasing Sales and operating profit* up 10 per cent.Double digit sales growth in Personal Care and Oilfield drilling.Excellent cash generationTotal dividends for the year increased by 11 per cent"Elementis is ideally positioned to fully benefit from the anticipated continued robust growth in deep water and shale gas drilling. While most of the growth thus far has been in the US, we are participating in exciting opportunities in a number of other regions as horizontal drilling and fracturing technology start to jump continents."