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Think the CEO did say some years ago that his team would drive the share price towards £2?
Not good enough update for me to hold on sold for a fair quick profit.
Well bought back in before tomorrow’s update hopefully will drive share price higher with added bonus off a potential takeover offer they won’t be able to ignore somewhere down the line.Good luck all
There have been lots of sell to buy for few days but the SP keep climbing. Is there some smart disposals or someone buying seecreatly buying to order?
Started: chris1308, 23 Feb 2024 08:16
Last post: chris1308, 23 Feb 2024 08:16
SP often opens up strongly yet falls back as day progresses. Is there something at play here?
This morning its up 6% yet this will drop back no doubt.... just seems odd
Last post: Taverham, 12 Feb 2024 11:26
All gone very quiet here - deal likely off because the suitors were serously undervaluing the company or in laymans terms the BOD was going to lose their jobs so said sod off.
Swingman - Somewhat like Senior Engineering, multiple offers, price shoots up, offers rebuffed and now look at the share price way below the offer !
Sp climbing back up - deal on its way?
I wouldn't. jump-in. The same outcome in the previous 3 attempts by others. No didn't come back to offer more, because this struggling outfit is not worth much more as the buyers don't think there is much in it without spending more. Now it will drift back to 110-120 range.
The management get good income for them why would they give it away?
Daverec makes a good point that the first offer is never the knockout price.
Still its unsettling there has been no further developments over the past week but great to buy in more and average up.
Last post: Taverham, 29 Jan 2024 08:54
Sp climbing steadily over last few days- the narket knows a deal is on its way imv.
No rns about takeover talks so we will likely have to wait for a rns calling for an egm and removal of the bod.
Tomorrow will be interesting because we are likely going to get wider press coverage and a further lift - hopefully a RNS with something positive also.
Tough to believe that their opening offer was their highest offer
Dave, thinking about this further , if the offer was 160 and the required price was 180 the gap , at 20p is less than 10% , surely there is a deal to be done?
Started: lavenonews, 25 Jan 2024 09:48
Last post: lavenonews, 25 Jan 2024 09:48
If only Waterman was the CEO of a company interested in acquiring Elementis, then we would have no trouble getting a healthy takeover offer. Sadly, all of the potential suitors seem to have a much firmer grasp of not overpaying for highly cyclical businesses. The ELM board are culpable for allowing Waterman to destroy shareholder value on the grandest scale imaginable.
Started: Daverec, 14 Nov 2023 20:06
Last post: Daverec, 15 Nov 2023 07:51
And one thing to add, the team were very insistent on these targets being set on the assumption of "self help" which means for them without any assumptions of improvements in the markets themselves, so no overall general growth to help their performance numbers, the base being 2023. I think most of us are hoping that things will get better in the background, like today's inflation number coming down, so there could well be upside to both volumes and margins.
I attended the CMD today, which was a three hour presentation, demonstration of new technology and Q&A session. In all it was very impressive with presentations from the CEO and heads of the two business units, sustainability and the CFO. Maybe some of you saw the live stream
They showed the rationale behind the RNS this morning in a lot of detail, with where the new revenues and margin growth will come from. I recommend that believers and cynics both take a look. I've already stated on here that I am a believer, but you guys need to make your own mind up.
I left the questions to the financiers in the room, and it started with the lot that sent the open letter, FT, asking three questions that were pointed but seemed blunt after the depth of the presentations that preceded them. Of course the proof is in the pudding, but the shares seemed to like it today and lets see about the broker's notes tomorrow.
The business seems set on their "innovate in the premium segments and create enduring relationships with customers based on joint innovation plans" strategy which is one I like. They do need to deliver of course, and I believe they will.
Started: lavenonews, 20 Sep 2023 13:34
Last post: Troajan, 20 Sep 2023 16:42
I think that they have put the company in play and are saying to any suitor, you have our backing.[ They have mine too but not sure that counts for much]
Excellent move to put a shot firmly across the bows here before the capital markets day.
It is remarkable that the CEO remains in tenure given the destruction of shareholder value through ill judged acquisitions. The Board should acknowledge what a terrible job has been done for shareholders but that requires some humility, which of course these sorts of people do not possess.
And yet the Board still feel able to release a final comment about delivering the 'next wave' of growth and efficiency - I'm still waiting for the first wave!
Started: swingman, 20 Sep 2023 11:03
Last post: Marcus_, 20 Sep 2023 12:44
Typical, can't place a deal at the one time I would like to. Thanks HL I can see why people are moving to fee free platforms, I thought the one advantage of paying for a service is that it would be more reliable.
Check the RNS
Is there a bid coming? Why this sleeping mini jumping up?
Started: colinpd, 27 Jul 2023 16:50
Last post: wassap, 2 Aug 2023 15:57
Yes they over promised and under delivering again.
The numbers were not good enough & clearly going south. We are promised shareholder value on every RNS it never materialises. Time for change via a new Bod or new owners. Stagnation is clearly the strategy, without growth or dividends. Shameful indeed.
Started: lejjb, 25 Nov 2022 15:14
Last post: colinpd, 16 Jun 2023 09:39
Shame on the Bod. Zero value for shareholders. Take the next offer if reasonable & move on. You can’t get the S.P to £2.00. Stop telling S.Hs otherwise, unethical.
Not heard anything but the BOD would likely reject any reasonable offer, like they did last time on the basis they would create more shareholder value. Fortunately no one will believe them this time around !!!
Has anyone heard anything about a fresh approach from Minerals Technologies Inc? If so, at what price?
A tiny teeny little bit more of info here:
https://the-blindspot.com/spot-markets-live-transcript-21-11-22/
I'm struggling to assess the credibility of the Betaville-originated rumour, as subsequently reported here 9 days ago:
https://seekingalpha.com/news/3908204-elementis-may-be-seeing-takeover-interest-report
I'm aware of the two successive offer in H1 2021, the last (rejected) one being £160 per share, but I can't assess what would have a(nother) possible purchaser change its mind and go back to the buying booth - the weakened pound?
Seems on balance positive.
Broadly neutral imv.
agreed £2.00 would be closer to true value...
Seems fair price to me now left with the best growth drivers of the business.Debt will get to the 1.5 target a lot quicker dividends may resume after that point but I’m really invested here as I don’t think they will stay independent if the price stays at this depressed level.good luck all
Looks to me like the sale is at bargain basement price.
Started: FunkyTalk, 25 Jan 2023 12:39
Last post: Ftsefan, 3 Mar 2023 11:38
I think a take-over is on the cards again. Just been going through the last months trades and there have been some hefty volumes going through, Could it be that something is taking a position? I do hope so, I've been holding this for ever and would be nice to see a good return.
no way funkytalk... when the automotive talc situ improves this share will re-rate and or we'll see more takeover interest. i think you are out way to soon...
I sold out but made a good return. Now to watch the down turn come by April. Or so I hope.. lol
I think we need a new Board of Directors to clean out the dead wood and manage the Net Contribution Margins. Costs seems to be spiralling and reducing profits. Sorry for the negative vibe.
Started: lejjb, 29 Nov 2022 12:02
Last post: lejjb, 29 Nov 2022 12:02
Quite a spike in volume this late morning. It could of course be a pump and dump but it's a relatively low profile share... I haven't found any recent news online though.
Started: Sreves, 28 Jul 2022 09:16
Last post: Me12345, 28 Oct 2022 20:41
Doubled my holding today I see recovery and growth here looking forward to the decision on the unit they want to sell could seriously help bring debt down to target and speed up return to dividends.
I think they are doing all the right things. As the debt goes down, the equity value will get released. Not sure anyone could have planned for a pandemic, a war and runaway inflation. Not too surprised that it is a little harder (and therefore slower) than they expected in their strategic planning.
Solid and good news considering the economic woes atm.
I think it’s on Tuesday. There are details for an online presentation on their website.
Thought it was today
Started: Sreves, 22 Jun 2022 11:45
Last post: swingman, 30 Aug 2022 12:03
Sometimes CEOs are too greedy and think they are best since sliced bread. GSK, THG come to mind. There are few others but haven't revealed their hand. All these cos have one thing in common; their sp has fallen over 40%
Yup. The Board did say it's worth some £2 a share. If they can't make it happened then let's have someone else do it!
from Minerals Technologies Inc. 18 months ago was 130p cash.
14 months ago Innospec were offering 160p 50% cash/shares.
160-175p cash offer might be enough with the current declining sp and recession fears.
Must be some inflationary costs, raw material etc hitting ELM bottom line.
I live in hope another bid will be forthcoming, how far will the sp have to fall before someone shows their hand.
Started: Sucafoods, 23 Aug 2022 13:00
Last post: Sucafoods, 23 Aug 2022 13:00
When are we going to see an update as they off-load chrome division will the shares be going up or will an other offer come in before
dreadful whats happened here
Started: Sreves, 13 Jun 2022 16:37
Last post: Sreves, 13 Jun 2022 16:37
Sub £1 looking possible, the directors should hang their collective heads in shame at the value destruction under their watch,...that rebuffed bid £1.60 looking great value now!
the directors should all be sacked, terrible performance.
Started: Sreves, 12 May 2022 11:45
Last post: Sreves, 12 May 2022 11:45
After the not to recent takeover failures the further the sp falls especially sub £1,.. would like to think bidders lurking gonna take a pot shot, £1.85 - £2
Last post: Me12345, 14 Apr 2022 09:16
Still no update on the possible sale off the Chromium unit but if they manage to off load this lower margin business and pay down debt or reinvest in the more profitable parts things could start to look up share price wise and also slim down business may attract another possible bid.
Started: swingman, 7 Apr 2022 10:57
Last post: swingman, 7 Apr 2022 10:57
This stock just moves in a very narrow range all year, but gently falling over time. Management fogged-off potential buyers promising better return but nothing materialised. Time to shake the tree.
get free shares for destroying the share price
Started: swingman, 28 Mar 2022 11:37
Last post: swingman, 28 Mar 2022 11:37
Most UK stocks don't. even get close to the brokers recommended values where as US market responds more favorably