Elementis Share Discussion Threads

[venezuela45] 25/11/2020 09:12

107p to 117p in a post vaccine world is derisory and I’m glad to see it was rejected almost instantly. I still stand by my view that it would need to be 200p plus to be considered and the company should not go for less than 250p.

It was trading at 180p before COVID in January so once demand picks up it will be there again within 12 months.

This outfit seem to be a set of vultures looking for a bargain. As a long term holder I would vote against anything sun 200p

[solarno lopez] 25/11/2020 08:12

There will be a number of potential bidders in the wings ready to pounce

[inv] 25/11/2020 08:08

will go at 150p which is a bargain price

[babbler] 25/11/2020 07:50

It will come. All games. See G4S for example of such games.

[queenbreguet] 25/11/2020 07:27

Ride the wave.

[robsy2] 25/11/2020 07:11

still too low-. They need to offer 150p at the very least and even then it is not much compensation for long term holders who have suffered here.
ELM has some high quality assets and I am glad the management are not playing ball. HOLD.

[dozey3] 18/11/2020 17:57

Agreed. The offer is derisory, hoping to catch holders paralysed by Covid before recovery has a chance.

[richjp] 18/11/2020 11:24

I have added to my holding. Even if another bid is not forthcoming inn the near future, I think the initial bid gives a good idea of the absolute minimum the company is worth.

[roberto mancini] 13/11/2020 15:32

Seems to be pricing in an improved offer or future prospects.
150p purleeeeeeeze.

Having said that if they don't table an offer it might retrace back to 70-80p I'd imagine, certainly hope not although might provide some cheap shares.

[babbler] 13/11/2020 14:21

Was in the times. Still no one cottoned on. Under radar. Take advantage

[solarno lopez] 13/11/2020 07:20

….Seriously undervalues the company ......per the RNS issued by the company yesterday


..Someone needs to pay more !

[venezuela45] 13/11/2020 05:43

No chance it goes for 150, they would need to at least double their bid for it to even start to be seriously considered

[richjp] 12/11/2020 19:36

Definitely an opening gambit I think.

It's a cyclical business but I feel it will eventually come good, however I remember there was a lot of criticism when they made a major acquisition a while ago which initially knocked the share price

My gut feeling says it will go for about 150P but who knows. A bird in the hand and all that.

[chris79] 12/11/2020 17:54

Didn't even realise there had been a bid until I read this board. I really thought the recent rally was little more than the general recent UK stocks bounce. Still very cheap.

[roberto mancini] 12/11/2020 13:17

Babbler,
I'm not familiar with CDM, I assume the suggestion is they rolled over as they were keeping their jobs?

I may be wrong I'm of the opinion any buyer will probably install their own management.

Either way it's good they have not rolled over. I'm keeping some powder dry in case there is a pull back but in 1-2 years the share price could be back to 150-200 if normality returns to the world. ELM has positioning itself for growth.

[toffeeman] 12/11/2020 12:26

CRDA will be re-looking

[babbler] 12/11/2020 12:16

If that was the case they would ha e rolled over and taken the first offer like cdm did?

[queenbreguet] 12/11/2020 12:14

There in play fill your boots.

[roberto mancini] 12/11/2020 12:13

I can see an increased offer of 10-15%, doubt it will be accepted.
But if they go hostile could flush others out.

Personally in the current uncertain environment 135-150p would be decent imo.

Directors will be more concerned with keeping their jobs, they haven't got much skin in the game as per shares themselves.

[babbler] 12/11/2020 11:36

Wonder why people selling now when management said that and clearly will be a 2nd offer after this one?.

[babbler] 12/11/2020 11:09

The Board of Elementis considered the Conditional Proposal together with its financial adviser, Rothschild & Co, and concluded that the Conditional Proposal significantly undervalued Elementis and its future prospects. Accordingly, on 10 November 2020 the Board of Elementis unanimously rejected the Conditional Proposal

[epistrophy] 12/11/2020 09:53

I would suggest any offer price that was set before Nov 9th now needs some "adjustment". :-)

[venezuela45] 12/11/2020 09:42

To accept 150 would be a disgraceful decision by the board. Without COVID the share would naturally be around 180-200p at the moment. Any offer should need to be in excess of 250p. It strikes me as a speculative attempt to see if the company was in a significantly distressed position and maybe pick it up on the cheap. But the debt seems serviceable and with the news of the vaccine and hope to return to normal H2 the share should be around 180p by the end of 2021.