Elementis Share Discussion Threads

[venezuela45] 19/7/2019 11:37

Hope so. Given how bullish they were on the Mondo business you’d expect a strong first half performance from that at least.

[johnrxx99] 19/7/2019 08:50

Large trade on through. Hopefully a leak on the results

[am555] 19/7/2019 07:21

I agree with your sentiment although it is that management team that have delivered this performance . I’m not sure what the Board is doing to manage this for shareholders. It doesn’t seem too supportive of the shares given no recent share purchases. You might have thought the chairman would have bought some to show confidence.

[venezuela45] 18/7/2019 17:07

Bought into these when they were 270 and seemed to have a good growth story. Really hoping for some positive half year results to give this a bounce. Management team have been in there for nearly 3 years now so about time we saw some delivery.

[johnrxx99] 18/7/2019 04:52

I'll wait for results before looking again.

[toffeeman] 15/7/2019 07:31

Well it doesn't seem to want to go below 130 so I am looking to buy your shares:)

[johnrxx99] 15/7/2019 06:28

On the 12th.

[toffeeman] 12/7/2019 07:36

OK - can you let us know when you sell? :)

[johnrxx99] 12/7/2019 06:53

AM555, a good assessment. Why I'm in here is a mystery to me, well actually because of a news sheet which got this wrong.

Pain no more this am but I just don't like getting out on a bottom - it will double the second I pull the trigger :-)

[toffeeman] 11/7/2019 16:20

UT at 129.9!!!

I'll take that as 130 so not gone yet!

[am555] 11/7/2019 09:10

I agree that the debt is a negative but the business isn't overly geared. The problem I think is that management hasn't got the background or knowledge in the industry. The business has largely failed to deliver new products and, therefore has had to buy in growth. I am led to believe that many of the "so called premium products" are now suffering price pressure. The company desperately needs a new direction as its often talked about "reignite growth" strategy has gone the way of a damp firework on 5th November - a "damp squib".

[meijiman] 11/7/2019 07:58

The acquisition spree seems way too costly and has made the company rather indebted. That for me is the main negative.

[toffeeman] 11/7/2019 07:35

It hasn't closed below 130 (yet) so I think this remains a key level to watch.

[meijiman] 10/7/2019 12:10

Yes please

[am555] 10/7/2019 11:35

I think it dropped below 130p this morning? Certainly some trades below that level.

The issue is a lack of confidence in management by investors. if you cast your mind back, this is the same management team that was told to go back and renegotiate the Mondo deal as managements view of acceptable price wasn't accepted by investors.

The confidence issue is, however, as much about the Board who agreed the strategy and,in particular a weak Chairman who lacks weight and strategic foresight. The fact that management is poor is a matter for the Board and until changes take place the shares will remain unloved!

As a shareholder I will be writing to the Chairman, anyone interested to see the note?

[toffeeman] 10/7/2019 11:18

Well 130 - seems to be a key level and if that does not turn out to be support then 100 is on the cards as the next historical and psychological level.

I suppose you could classify ELM as a bell-weather stock and if the much heralded stock market crash turns out to happen then you should be able to pick these up at about 20p (see 2002-5 and then 2009).

No notified change in short positions.

I wouldn't want to hold - until I buy some :)

[johnrxx99] 10/7/2019 06:34

Or of course the board could resign, that would be a great move.

[johnrxx99] 10/7/2019 06:33

Until results or a leak thereof, not much hope on an uplift - just a steady decline imo.

[am555] 09/7/2019 16:33

Another 3% off the share price ; what does the market know that us poor shareholders don't? have they been sharing updates with analysts.

Let there be someone out there who sees value.....

[meijiman] 08/7/2019 10:49

wow what a shocking state of affairs this is. Needs management changes forthwith if not sooner.

[am555] 08/7/2019 10:29

Many of the thoughts expressed recently are shared by some investors as well as staff!

What is incredulous is the fact that senior management and the Board seem oblivious to the plight of investors. I saw that the CFO bought a few shares on the cheap last week but a mere £13k out of a package 30 times the size looks like paying "lip service" to being on all 4's with investors.

Whether as individuals the most senior management are competent is questionable but as a collective they are without doubt incompetent. What possessed the Board to appoint an inexperienced CEO (to run a PLC) and then follow up with a totally unqualified and even more inexperienced CFO (simply because he was a BP "mate") seems baffling. But then the Board aren't exactly "top dogs" either...I do think the Nominations committee should be made to answer that one.

I wouldn't expect good news with the interim (or earlier profit update) . I tend to agree with Toffeeman about the portfolio or I did a while ago but north of $900 million (more with costs) spent on two debatable acquisitions has probably watered down the offering. They used to have a premium personal care division but I suspect that has lost value through some of the actions taken. I note they appointed yet another BP person to lead that division - another questionable decision. I do wonder how many other ex BP personnel are there or about to be recruited.

Overall a sorry state of affairs and I do wonder whether MR Bramson could be encouraged to get stuck in again. Other than that the Board need a good shaking up with a new and relevant Chairman to lead the Board and shake up this company.

[chrisdgb] 08/7/2019 10:20

Nice comments...Totally different area but it is reminding me of Laird, which the market hated, then boom..100% premium/private equity take out.....wouldn't complain!

[toffeeman] 08/7/2019 09:55

It certainly is - at some point I would expect an activist investor to buy in and push for a sale.

Blackrock and GLG are short at over 0.5% atm and that figure is worth watching.

I think it's a case of factoring a dividend cut and working out a conservative p/e and then looking to invest (unless there is bad news about to appear) - Interims on July 30th.

Overall it's a company with a good portfolio and I have been watching it for ages looking for an entry point.

[chrisdgb] 08/7/2019 09:21

This is looking awful.....

[alfred] 04/7/2019 14:21

I could be as incompetent as the management of this company but at a fraction of the price.