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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Elementis Plc | LSE:ELM | London | Ordinary Share | GB0002418548 | ORD 5P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
118.00 | 118.80 | 119.00 | 116.00 | 116.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Inorganic Pigments | USD 921.4M | USD -51.1M | USD -0.0870 | -13.61 | 695.16M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
10:15:18 | AT | 128 | 118.40 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
01/12/2023 | 10:46 | UKREG | Elementis PLC Total Voting Rights |
30/11/2023 | 09:38 | UKREG | Elementis PLC Director/PDMR Shareholding |
14/11/2023 | 10:48 | ALNC | ![]() |
14/11/2023 | 07:00 | UKREG | Elementis PLC 2023 Capital Markets Day |
01/11/2023 | 09:46 | UKREG | Elementis PLC Total Voting Rights |
31/10/2023 | 10:13 | ALNC | ![]() |
31/10/2023 | 07:00 | UKREG | Elementis PLC Third Quarter Trading Update |
02/10/2023 | 08:34 | UKREG | Elementis PLC Total Voting Rights |
20/9/2023 | 13:21 | ALNC | ![]() |
20/9/2023 | 11:09 | UKREG | Elementis PLC Response to open letter from Franklin Templeton |
Elementis (ELM) Share Charts1 Year Elementis Chart |
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1 Month Elementis Chart |
Intraday Elementis Chart |
Date | Time | Title | Posts |
---|---|---|---|
30/11/2023 | 15:07 | Elementis with Charts | 2,857 |
30/7/2018 | 19:12 | Elementis (ELM) One to Watch on Tuesday | - |
24/3/2011 | 17:16 | gardenarc | 14 |
29/11/2007 | 17:18 | 6% traded today something is up! | 2 |
14/3/2007 | 08:59 | maybe | 2 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
10:15:18 | 118.40 | 128 | 151.55 | AT |
10:03:10 | 118.20 | 850 | 1,004.70 | AT |
10:03:10 | 118.20 | 179 | 211.58 | AT |
10:03:10 | 118.00 | 179 | 211.22 | AT |
10:03:09 | 117.80 | 29 | 34.16 | AT |
Top Posts |
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Posted at 25/9/2023 08:07 by lomax99 Investors back Franklin Mutual calls for Elementis saleLeading investors in Elementis have supported calls for a sale of the company as their "patience has run out" with its executive team.Shareholders in the chemicals group have backed the calls from a key investor for new ownership after the board of directors refused to consider a sales process lastlast week.Franklin Mutual, a US fund manager with a 9.8 per cent stake in the group, last week outlined its concerns about Elementis's "stagnant share price" in an open letter after pleading with executives for change behind closed doors. But the board said the company would not solicit bids because the business could still create "substantial value" as an independent entity. They said the company had performed well despite the worsening economy.Investors have now publicly backed Franklin's stance after years of privately campaigning with the board for change. Franklin has complained that the board has been unable to improve operating performance and returns and urged for a formal sale process to start before the end of next month.Schroders Investment Management, the company's sixth-largest shareholder with a stake of 3.8 per cent, said Franklin's statement was "brilliantly analysed".Andy Brough, co-head of Schroders's European small and mid-cap equity team, said: "It was absolutely one of the best letters I've ever read in my 135 quarters of running money. I'm quite envious actually. I absolutely support them and I think quite a few other shareholders do."Odyssean Capital, the eighth-largest shareholder with a stake of 3.1 per cent, said investors had given the board time to "demonstrate their ability to add value" after rebuffing previous takeover offers. Minerals Technologies, a US company, made a 130p-per-share bid for Elementis in 2020, and Innospec, a US chemicals specialist, offered 160p per share in 2021. Elementis's share price is 124p.Stuart Widdowson, managing partner at Odyssean, said: "We believe that Elementis is a higher-quality company with some unique and valuable assets and believe that the rating of its shares has failed to reflect these attributes for some time."We suspect that other shareholders share many of the frustrations, views and sentiments expressed by Franklin, who are hardly well known as activists. It seems like the shareholders' patience has run out and maybe it's time for someone else or some other corporate to have a go at unlocking the value that sits within the company."Elementis declined to comment.pleading with executives for change behind closed doors. |
Posted at 29/3/2023 13:33 by venezuela45 This is a real dog. How is the CEO still employed??He’s taken the share price from 211p in 2016 down to 113p today, destroying the value of shareholders and has taken the company from paying a good dividend each year to not paying one at all since 2019, depriving shareholders of valuable returns. The share price is now stuck in a depressive rut and no sign of any dividend which presumably when it comes back will still be at a much lower level than before. Not only that but he’s taken the company on a debt fueled acquisition misadventure which from their results presentation made zero profit in 2022 despite spending half a billion of shareholders money in 2018. Quite what the board have been doing is a mystery but such a destruction in shareholder value is disgraceful. |
Posted at 28/9/2022 08:01 by value viper ELM actually report in USD thoughBut their shares are quoted in £Any US potential buyer potentially looking at a collapsed pound bargain accordingly...as I understand itAgain NRII note this is the largest holding in OIT who are proven stock pickers The early August results were strong unless things have deteriorated in the interim which I suspect unlikely but wtfdik .... |
Posted at 30/6/2022 08:23 by am555 Terrible recent performance - the company is going nowhere and I now doubt whether any bidders will emerge until price drops further. Time to offload ? What did the Board say about a value of £1.70 ! |
Posted at 04/3/2022 12:37 by qs99 Looks a mad price drop, did I miss a profit warning somewhere? DYOR |
Posted at 14/11/2021 09:47 by simon gordon R&M Recovery Fund - 31/10/21:We continue to build a position in Elementis, a specialty chemicals producer focused on the coatings, personal care and talc markets. Its potential to deliver improved profit margins is supported by leading positions in niche markets which have recovery potential following covid-19 disruption. Hard to replicate asset bases (chromium, hectorite and talc mines) and, above all, IP (intellectual property) in formulations underpin the quality of its business franchises. Elementis products are typically only a small part of customers’ overall cost (3-5%) but play a critical role and are therefore follow value-based (rather than commodity) pricing structures, another way of saying it has strong pricing power. There are sustainability tailwinds for its products, such as hectorite clay replacing synthetics, which we believe are genuinely incremental and overall, the faster growth in value-add products is shifting margin potential upwards. Share price weakness, which we associated with general investor concerns around the macro outlook rather than anything stock specific, has given us the opportunity to buy at ~12x normalised free cash flow. We see this as an attractive discount to fair value whether you look at the group as a whole or broken up into the sum of its parts. |
Posted at 30/9/2021 14:13 by essentialinvestor Iain does not hold ELM now and the question to have asked is,why did he decide to sell?. |
Posted at 30/9/2021 07:53 by tomps2 Iain Staples mentions Elementis (ELM) at 11m54s in the latest PIWORLD interviewWatch the video here: Or listen to the podcast here: |
Posted at 27/5/2021 09:06 by venezuela45 Might be wrong but I don’t see anything which indicates a bid. Broker increased price target to 170p last week, Croda (similar industry) got a big upgrade yesterday and the share price is basically underwritten at 160p. All those three combined, along with a general acceptance that the share price is currently undervalued, would suggest that a slow movement (with some big rises and then bit of fall back)to around 170p isn’t unexpected. |
Posted at 21/4/2021 15:10 by richjp 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. |
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