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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Elementis - Eyes return of cash to shareholders

June 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.

  • Epic Code:
  • ELM
  • Price:
  • 201p
The shares soared to an all-time high of 211p after Elementis’ trading update. In Speciality Products, Q1 sales were up 7% with coatings additives seeing 22% growth in USA, offsetting a 7% decline in Europe. Oilfield sales rose a whopping 42% reflecting strong demand for shale gas and other unconventional drilling, while personal care sales rose 3%.Its other division, Chromium, achieved a 13% jump in sales, partly reflecting the fact that in Q1 11 its Castle Hayne plant had been temporarily closed in order to convert from heavy fuel oil to using cheaper natural gas. This catch-up meant it is now running at full capacity. What may have caused the shares to jump was the comment that the board is “reviewing the appropriate ...

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