Updates

Elementis - New special dividend

September 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares stormed to a new high of 215p after Elementis unveiled strong interims and a new special dividend. For the six months to 30 June pretax profit rose almost 12% on flattish sales of US$401.3m. Operating margins jumped 1.9% to 20.1% while net cash was US$29.9m. Within Speciality Products, which makes additives to enhance the performance of liquids, sales grew 4% to US$247m, while profit increased 5% to US$52m. Strong growth in the US in industrial coatings (+14%), oilfield drilling (+28%) and personal care (+5%) more than offset Europe where sales fell 9% while turnover was unchanged in Asia. The strong US side has encouraged Elementis to expand its West Virginia plant, while the division has also been boosted ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Marstons - Shares break through key resistance level

Howden Joinery - Shares hit new high

Elementis (October 2024)

Elementis - Disposals boost specialty chemicals firm’s margins (March 2024)

Elementis - Sale of Chromium side will enhance margins (January 2023)

Elementis - Results near top end of expectations (September 2022)

Elementis (June 2022)

Elementis - Specialty chemicals group an intriguing “opening up” play (April 2022)

Elementis (May 2019)

Elementis (November 2018)

Elementis - Personal care acquisition transforms growth prospects (May 2018)

Elementis - Personal care acquisition transforms prospects (April 2018)

Elementis (August 2015)

Elementis (April 2015)

Elementis - Net cash to reach US$110m in 2016 (September 2014)

Elementis (April 2014)

Elementis (December 2013)

Elementis (October 2013)

Elementis - Specialty chemicals firm enjoys high margins and returns on capital (May 2013)

Elementis - Expands capacity in buoyant US (November 2012)

Elementis - Eyes return of cash to shareholders (June 2012)

Elementis - Fast-growing additives group throwing off copious amounts of cash (May 2012)

Elementis (December 2011)

Elementis - Hefty broker upgrade makes shares very cheap (September 2011)

Elementis - Euro 23m fine is repealed (August 2011)

Elementis - 13% profit upgrade (June 2011)

Elementis - Huge Asian opportunity for specialty chemicals group (April 2011)

Elementis - A jewel in the specialist chemicals sector (February 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X