Elementis Share Discussion Threads

[yellowstoneadvisory] 19/5/2021 13:17

Webinar: 9th June at 12pm. James Curran, the Director of Investor Relations, Strategy and M&A at Elementis will present the webinar covering the outline of the company and details from the FY results in March and the TU on May 13th. This is an event for private investors hosted in conjunction with ShareSoc.
Register:
hxxps://us02web.zoom.us/webinar/register/2116209975797/WN_8O-AzQWVSFSmafIzDe4vlQ

[wynmck] 19/5/2021 07:36

Jeffries ups tgt price to 170(155)Buy

[richjp] 18/5/2021 17:53

I have made a similar observation here myself. I have been a long term holder but have trebled my holding since the autumn.

Nothing is ever certain of course, however this has to be as good a two way bet as you could find.

[csmwssk12hu] 18/5/2021 11:06

The chart is looking very strong now, so the board have rejected 165 as it seriously undervalues the business and we say we would take £2 ish as most of us have entry points way below that but if you look back just three years these were sitting at 285 and now the business is looking in better shape and even better prospects, shock us all and land a 285 bid after all who would have thought countywide would have went for as much as they did

[csmwssk12hu] 13/5/2021 12:08

I have noticed a few occasions recently were a bid has come straight after a trading update or set of results, I wonder after today’s excellent update if we will get a bid shortly significantly higher than 160, 200-250 would be nice for short term turnaround, longer term it will probably end up above that range is business continues as it is imho dyor

[battyliveson] 13/5/2021 07:09

Reassuringly positive, and I can see why they turned down bid at 160, as they can achieve a better premium as they continue to recover and pay down debt in 2021.

B

[pugugly] 13/5/2021 06:30

Trading statement looks encouraging - Expect a blue day - subject to overall market derecting due to US meltdown yesterday

[solarno lopez] 28/4/2021 09:13

Ok Dozey we are brothers in arms the reason I posted that way is to tell others who start with the main listng for stocks on ASVFN can see that ELM is on the move and perhaps they should take a look

[dozey3] 28/4/2021 09:00

Solarno: you’ve just earned top marks for your pointless post, and on this board that takes some doing. I claim second place with this one, but if it makes anyone think before posting it will have been worth it.

[fez77] 24/4/2021 10:16

Seems to be responding to it's real value. I would anticipate further bid action later this year.

[richjp] 22/4/2021 12:27

I was prepared to pay 132P yesterday. It's more than I payed previously but if it does come good at say 200P within a few months that would be a 50% profit in a short period of time.

[meijiman] 21/4/2021 17:34

That's it in a nutshell..they either deliver improved numbers OR the institutions will happily accede to any renewed bid approach. Below 130p must be worth a punt?

[epistrophy] 21/4/2021 15:22

Yes agree, the revealing part was this:

"an expected re-rating of Elementis' business to Innospec's materially higher valuation multiple"

[richjp] 21/4/2021 15:10

I have just added again. In the recent Rosemary Barnyard interview she said that she thought the rejected bid of 130P underwrote the share price at that price. I think the same logic could now be applied to the rejected bid of 160P.

The rejection statement was very bullish, in fact it was like a mini trading update. If they live up to those expectations then the share price should continue to do well as a recovery play. If they do not live up to those expectations then I can't see how they could reject another bid. In fact the bullishness they have shown might prompt another bidder to have a go before the price gets away.

Win win is a bit of a cliche these days, but I feel that is what we may have here.

[meijiman] 21/4/2021 10:19

Yes I see this as being in play. The trading information is also very positive which suggests there is value here.

[fez77] 21/4/2021 09:06

I'm puttng as much as I can afford in here. If it was worth 2 bids (including one at £1.60) then it's worth more than the price it's retreated to. Confident of seeing a rise back above £1.50 in early course.

[ifthecapfits] 21/4/2021 08:41

Bit surprised by this pull back. I sold on Friday after a decent rise from sub £1. Was kicking myself on Monday. Value is clearly seen at at least £1.60 (based on the bid) and one would expect the share price to rise back to that in relatively short order. I'm back in, hopefully for a swift rise back to £1.60ish. GLA.

[csmwssk12hu] 21/4/2021 06:27

Only just seen that, get the feeling they are wanting north of 200

[richjp] 20/4/2021 16:31

"The Board of Elementis would always consider the merits of an engagement at a level that offers attractive value to its shareholders and that reflects the nature of its high margin activities with strong underlying growth prospects."

That is from the Elementis response. Sounds to me as though they are suggesting that if the price is right we are up for grabs.

[peaeff] 20/4/2021 15:20

It's one of those days when you wish you had but you didn't.

[inv] 20/4/2021 15:16

Elementis should have given a RNS when the offer was made

[typo56] 20/4/2021 15:08

Perhaps I'm too cynical but I've a feeling PIs got played here.

[chris79] 20/4/2021 14:48

Hard to see how this won't be taken over in the next year, the market seems very impatient in being willing to wait.

[kidknocked] 20/4/2021 14:15

Very much agree. A bit of patience here. Failing that a decent company whose products I own for once.