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Years and years ago I invested here and commented on Motley Fool about the value of ELM. Now I see them at a price where part of me is tempted to buy back in while the other part thinks the company might not survive this crash.
Thoughts? How much debt? Cashflow? China situation?
32.5p was paid afters hours with a large buy... mkt's also looking up tomorrow
looking deeper...its high profit business, 65mill profit, even half that would be 30m profit.....and they are talking 15-20% impact of corona at worst case..........big difference between 26p to 100p, even to 46p paid by management close to the actual numbers/ pipeline
it was not an issue at 100p+ 2 weeks ago, with broker target of 200p+. looks very diversified across the baord. better than the oilers....low oil and no demand. want same price as the dirctor paid, they think its too cheap and now the numbers comming in ...who are we to argue
That rns came out at 10.25 am. Debt is very high
Dave - 32p has just been paid after hours, large buy too. Buyer will be watching......could ber over 40p tomorrow, when peope realise director has bought at 46p today.
Once sense returns, this should be worth up to a pound a share above where we are IMHO
Interesting after hours.....very largr buys....ELM looks very well diversified....and not in just one mkt, like oil etc. very large buys, looks like need to gap up to correct this madness fire sale :)
16:36:34 17-Mar-2020 25.00 GBX 43,000 10,750.00 Off-book XLON
16:36:29 17-Mar-2020 25.00 GBX 43,000 10,750.00 Off-book XLON
16:36:22 17-Mar-2020 25.00 GBX 43,000 10,750.00 Off-book XLON
16:35:18 17-Mar-2020 25.00 GBX 650,251 162,562.75
Buy 25.62 GBX 39,026 10,000.02
Some was adding down here on close. Even the management has bougt today at 46p....if they think they cheap, and they run the business, then anyone buying here will make a killing.
just seen director buy today at 46p, and £1.05 afew weeks ago. Not sure why this was down so much, they have mitigated against corona effect a few weeks ago....
and I forgot to add we get a divi as well!
weird that this was smashed by 50% today
result came out couple weeks ago
They make money, they are paying down the debt. They play in some tough markets like coatings but also in some growth spaces like personal care. I think I will buy some more at this price.
is the sell off here overdone?
.....and getting ever cheaper. A very much unloved share with way too much debt for the market's liking.
I'm presuming market upheaval courtesy of Corona virus and oil pricing will kill off a few zombie companies over the next few months...
Really good enter price, was 135, jumped to 149, it drops a bit and jumps alot, now it's 143, it goes up by 6%, overall 21% upside indicated by berenberg, loads of big purchases again, bigger investors are putting more into it
19% upside from jefferies, really cheap to buy, it looks like loads of purchases going through today, from looking at this chart previously its one of the stocks which jumps really quick by 10% as soon as purchase level is hit by enough people
The market doesn't agree - 25% drop. That debt pile is still mountainous.
I think I bought these in the middle of the last decade cos they were allegedly a takeover target..... Stayed for no particular reasons other than liking the dividend and being too lazy to sell and take a loss.
Sombre tone to the update but operating profit up 50% ish so looks ok to me.
JEFFERIES CUTS ELEMENTIS TO 'HOLD' ('BUY') - TARGET 190 (180) PENCE
Any ideas why the fall today?
Dividend has always been decent.
Really happy to see the consolidation of the talc business starting to bear fruits. I think H2 is optimistic but possible. I think we will see the true effects of the consolidation next year.
I expect debt to be diminished and that is one of their objectives.
Reasonable progress in difficult times. Focus on efficiency and cash will likely lead to progressive increases in divident which is, at current sp, likely to be c. 4.5% for next financial year.
This will be 200p by Jul 2020
Well, I'm in a few AIM shares but I don't see many £300k buys going through. Makes my top up this week look a bit paltry. Two massively advantaged positions in Hectorite and Talc and a stronger, if thinned down, Coatings portfolio, a bunch of cost savings happened and more in the pipe, Debt coming down with a great cash generation programme - what is not to love about the progress.