Elementis Share Discussion Threads

[peter27] 31/7/2018 10:54

Clearly the institutions have said they won't support a rights issue at this price.

[helm1] 31/7/2018 10:10

Good results on first glance. Given the short terms factors affecting Chrome and Energy, FY should be good. Adjusted profits are flattered by a large chunk of amortisation, could be worth digging into. Nothing further about Mondo - not very impressed by the indicated change of heart.

[danieldanj] 30/7/2018 20:12

Elementis (ELM) Earnings-Reaction to Keep an Eye

[dozey3] 16/7/2018 09:04

A breakdown of benefits and logic behind Mondo takeover is given here, if you persevere through the obstacle course.

Must say I feel rather better about it, and have added a few.

[toffeeman] 04/7/2018 16:13

Market really doesn't seem to like the deal - might try a wee bat 230

[am555] 02/7/2018 18:13

Overpriced and a PE sale so who knows what will turn up!

[wynmck] 02/7/2018 10:14

a few director buys

[helm1] 30/6/2018 21:52

As you say, it is very quiet here.

This company has done well for me over the years, and the acquisition looks a natural fit, so on the face of it the rights is a reasonable proposition. On the other hand, Mondo had better be good, because it isn't cheap.

[rhomboid] 30/6/2018 17:33

I’m an ex holder here...I watched the presentation and was reasonably impressed with the rationale..one thing though is the price looks v full given there are no merger related cost savings to justify it , vendors are Private Equity so that’s an additional concern when they’re saying the acquisition business is ‘well invested’ 🙄

[ladywormer] 13/3/2018 10:47

What's with the volume?

[wynmck] 25/4/2017 08:38

xd tomorrow close too

[bigbigdave] 25/4/2017 08:01

Nice update, back through 3 quid.

[philanderer] 10/2/2017 13:31

Singer on today`s news...


This materially enhances the Group’s offering in personal care (now 30% of Group operating profit on a pro-forma basis) and prompts double digit earnings upgrades to FY18, the first full year post acquisition.

The acquisition will enhance the EBITDA margin as well as earnings, reflecting the high quality of the business acquired. The multiple looks undemanding at 11.8x FY16 EV/EBITDA for a specialties business that adds scale to one of Elementis’ most attractive niches.

It is an acquisition on a much larger scale than recent bolt-ons, confirmation of the Group’s growth ambitions under the new management team. Underlying trading is said to be in line and the special dividend will be paid for FY16, as expected.

We upgrade our forecasts for the acquisition here. Our first take is an EPS upgrade of 7% to FY17 assuming a half year contribution and c.15% to FY18. The special dividend drops out mechanistically from FY17. Elementis remains one of our Best Ideas for 2017.

[longfish] 26/1/2017 14:05

Nah.

Sell.

[gardenarc] 26/1/2017 13:47

Some ones nibbling there may be a take over a some point in TIME.

[mattd1] 28/10/2016 13:46

Big surge today. Holdings in company news items, and a trading update ... anyone aware of any news otherwise?

"Cash generation continues to be an important component of the Group's
performance and, as previously stated, the net cash balance at the end of the
year is likely to be higher than at the same time last year which, under our
progressive dividend policy, will have a positive effect on the special
dividend."

How special a dividend might it be? Enough to fire them up further I hope :)

[toffeeman] 08/1/2016 09:17

New lower low (although might be double bottom) - if the crash comes 160 looks likely and a retest of 190 would make that an entry point

[peaeff] 17/12/2015 18:30

Probably a lot to do with the oil side of the business. With drills being closed down, others cancelled and oil companies holding back future planned drills. This contributed a good part on turnover in the past. IMO

Regards

[shamus21] 17/12/2015 14:53

Surprising lack of interest in this stock. Can anybody tell me why.

[meijiman] 17/12/2015 10:22

Pre-close not that bad. Slight over reaction to the negative I think.

[broadwood] 30/11/2015 14:32

Goldman pushing the chemical sector today - see also Croda.

[broadwood] 30/10/2015 10:06

Chemical specialist Elementis said full-year earnings should be in line with expectations despite a sales slowdown.
In a trading statement, Elementis said positive first half trends were expected to continue, "despite challenging conditions" in the Chinese and US oilfield sectors.

However, it added that third quarter sales at the speciality chemical division were down 7% on a constant currency basis and 20% on a reported basis. Chromium sales were down 21% year-on-year but in line with expectations.

The company said it would still be in a position to reward shareholders with "attractive returns" through its progressive dividend policy.

Chief executive David Dutro said market share and margin contributions at the company's speciality products unit had gone up. He added that chromium margins had remained remained "relatively stable" since the end of June.

"This resilient margin performance is a clear indication that our customer value proposition remains in place and that the impact on demand is arising from the current macro-economic factors. Consequently, we expect positive performance to resume as end market demand returns," he said.

"In the meantime, we are taking measured action to reduce our cost base to a level that is more consistent with current activity levels and most of the benefit from this will be seen in 2016."

Dutro said innovation remained a "key factor" in the firm's performance and it would continue to make investments in the future growth of the business.

"These will include in decorative coatings, a further expansion of the New Martinsville facility, and in Asia Pacific, new investments in the water based dispersants arena, as well as in support of our IP protected, high value, castor wax based products," he said

[broadwood] 30/10/2015 08:30

Hopefully this should settle the nerves.