Updates

Elementis - Results near top end of expectations

September 2022

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 jumped after Elementis reported H1 and said full year results will now be near the top end of expectations. Sales rose 9% to US$478m, while operating profit increased 21% to US$66m (16% above consensus). Eps rose 29% to 7.1 cents.Coatings, formerly Speciality Products, whose additives control and change a liquid’s viscosity and thickness, increased revenue 9% to US$209m. Adjusted operating profit of US$44m was significantly up on the prior year (US$33m) thanks to new business momentum, particularly North America, and successful pricing actions partially offsetting China volume weakness and normalisation of European decorative demand. Adjusted operating profit margins were 20.9%, up from 16.7% reflective of improved prod ...

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Brickability

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Elementis (October 2024)

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

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

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 - New special dividend (September 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Elementis - Euro 23m fine is repealed (August 2011)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.

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