Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think the results demonstrate the strategy is working, throw in a depreciating £ and bingo £2 looks achieveable within a week or so imv.
Today's news is welcome although I feel this will be a 'slow burn' towards £2+. Feels like a 'buy and hold' stock' with a decent 4%+ dividend. Capitail Markets day on 19 November is next key event which, hopefully, will reinforce investor confidence.
No surprise there that Blackrock lending to shorters. Standard practice for these guys. Guess is called 'covering your arse'. Pity we ain't as smart
This is now loaded with debt following an acquisition based in the Netherlands, and has come off a six year low last month. With a dividend due on 2 May, a PER of 11.5, and reported revenue up 5% there are some brighter spots here. Also BlackRock has recently increased its holding (marginally), and there has been a raft of (admittedly limited) director buying.
I see Blackrock lent out 0.43% of Elementis to a shorter on the 5th Feb (see RNS). Had to notify as it dropped their holding below the 5% threshold.
Another piece in the strategic jigsaw added to the picture today.
the 20p fall on opening today ?
I know there are few who use this forum for chat, but I thought a £1,100,000 buy was worthy of comment.
BTW I still have complete confidence in the Leaders of this business.
Still swithering about the rights issue. Tempted to sell them and my entire holding and perhaps buying back in at a lower average when the additional shares wash through the market.....
That is the great thing about the Market. You are underwhelmed; I regard it as a good deal. Time will tell.
Hmmm, so they bump the $600M price tag down to $500M...... Then stick half of that discount back on to what they will pay if "targets" are hit. Can't but help feeling underwhelmed by the (re)negotiations. Don't tell me all the champion hagglers have been snapped up by the UK government to do Brexit? Normally I'd be enthused by a discounted rights issue, this one however.....?
It was at 288p just before the proposed acquisition was announced. It then fell, allowing me to buy in at a deep discount to that recent price.
It was at 288p just before the proposed acquisition was announced. It then fell, allowing me to buy in at a deep discount to that recent price.
Deep discount to what? It was 203p only two years ago. It could quite easily slip that low again. I nearly bought it back in June 2014 on the basis of this https://www.telegraph.co.uk/finance/personalfinance/investing/shares/10922275/Giles-Hargreave-The-one-share-I-would-buy-for-my-grandchildren.html Thank god I didn't follow his advice!!!!
...to all those investors who rushed for the door when the rights issue was announced and let me buy in at a deep discount.
If only. As for the Revs post. I would agree with him, however it's profits are climbing and it's debt is manageable and typical for a company this size. I'm waiting a bit longer but don't think it will have a problem getting back up to £ 2.80 within a couple of weeks maximum.
I am not clever enought to 'time the bottom'. However, my rationale for investing in ELM is based on medium-term expectations, so I will sit back and watch the next few months unfurl.
My parishioners and I held these shares and sold out at about £3 only to see them rise again C'est la vie. However we were tempted to go back in at these levels. However having looked at the balance sheet we have decided not to. At present it is stuffed with intangible assets (goodwill). The asset backing per share is -11p. I think that the market is worried that this takeover will result in more "intangible assets". I hope that we are wrong as they are en excellent sound company.
every blessing
rev shep
I hope you waited as it's taking another dive. Do you know why.
I agree. Good luck
Appears, from the size of transactions, that some smaller PIs are rushing for the door. Time to move in; going against the crowd is never easy, however is often profitable.
This was in some top fund managers picks for shares he would buy for his grandchildren in June 2014. The share price then was 278p and four years later................293p. Hardly stellar and with a measly 2% divi not a great income stock either. Lets hope his grandkids live long enough to see a return!
This is a great business with a Management Team that is actually doing what it says it will, and delivering the results to plan. SH acquired and integrated. Future M&A likely to build scale and strength. Back above £3 soon for sure.
Disappointing response to what I thought was a very good Half Year Report. Oh well, I'm happy to carry on holding.
Hopefully Elemetis will kick on from here,with increased earnings.But this share is a keeper ,as the prospects of an even bigger dividend are good.It could be a decent dilema if it rises to a tempting amount.