Elementis Share Discussion Threads

[epistrophy] 14/4/2021 14:06

(Said the actress to the bishop.)

[ifthecapfits] 14/4/2021 14:03

Interesting spike.

[wynmck] 06/4/2021 10:35

Jeffries raises price tgt to 155 (from 130).Buy.

[richjp] 25/3/2021 18:48

These were reasonable results. I increased my holding when the first bid was made recently and am happy to hold. As far as I am concerned it is a recovery play and I would not be at all surprised if another bid were made.

[wynmck] 25/3/2021 14:23

another D.Buy 60k at 120p

[wynmck] 24/3/2021 10:35

Berenberg raises price tgt to 160(155).Buy.

[wynmck] 23/3/2021 16:00

Non Exec 20k bt at 120p

[toffeeman] 23/3/2021 09:05

Results statement held no surprises (unsurprisingly) - let's see if we close above 120

[solarno lopez] 19/3/2021 08:50

You were spot on Toffeeman

[toffeeman] 12/3/2021 14:50

Well - we ain't going to close above 130 this week - next week maybe!

[richjp] 11/3/2021 13:42

I also have a holding in MPAC who a few weeks ago said they would be announcing their year end results on 17th March. Two days ago they said that the results would now be deferred to 31st March because of Covid related issues in preparing the figures. The company has been doing well so I see nothing sinister in the deferral.

On a much smaller scale the accounts of the block of flats where I live have also been deferred because the local firm that produces them have also had Covid problems.

I am therefore relaxed about the Elementis results date.

[toffeeman] 11/3/2021 09:18

I remain relaxed - good to see a proper test of 130 - be interesting to see where we finish the week.

[venezuela45] 11/3/2021 08:05

Results now delayed until 23 March. Not sure why they didn’t just give it a few more weeks and they could have announced them alongside the half year results.

After a rejected bid you would expect management to up their game to impress shareholders. Delayed results are rarely a sign of a management team who are on top of the business. The board also have to start taking some responsibility for these missteps, looks again like they’ve been asleep at the wheel.

I was positive on this share as a recovery play but I’m now thinking I may just cash out and run.

[richjp] 09/3/2021 17:10

I am not too worried about the results being a couple of weeks later than before. If it were a month or more that would be different.

[ladywormer] 09/3/2021 17:03

Toffeeman - thank you for that. This is about two weeks later than normal. Do bad numbers take longer to add up or are they negotiating behind the scenes?

[richjp] 09/3/2021 14:54

I have had a small holding here for years but I added a couple of times when the takeover approach was made and have added again today.

I think it is a recovery situation anyway and management was taking action before Covid came along. It's also always been a cyclical stock and the amount of money being poured into the economy by the US and others can only be good.

I think the takeover was opportunistic however I still think that another approach from somewhere is still possible.

I am not a great chart enthusiast but lots of people do use them and I see no price resistance up to about 180P.

Altogether I think things have come together nicely.

[toffeeman] 09/3/2021 12:26

March 16th - but I don't expect them to influence the SP

[ladywormer] 09/3/2021 11:11

when is the next set of results due out?

[toffeeman] 09/3/2021 10:26

I would like it to spend the rest of the week testing and re-testing 130

[dunns_river_falls] 09/3/2021 10:10

It seems keen to go higher! Looking interesting

[jonnybig] 09/3/2021 09:46

Something is brewing

[toffeeman] 09/3/2021 09:41

Textbook so far - let's see how it plays out

[jonnybig] 08/3/2021 09:03

And to think this crashed to sub 30p a year ago. Wish I had taken more advantage rather than buying just a grands worth.

[venezuela45] 08/3/2021 08:59

This will cruise back up to around 145-150p over the next 3-4 months on just a general recovery play as things unlock.

Assuming we see an encouraging set of half year results then 180p by end of 2021 is definitely achievable.

I think any bid potential has gone, north of 130p I don’t see any attraction for a bidder.

[jonnybig] 08/3/2021 08:52

Something is definitely brewing