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Elementis - Expands capacity in buoyant US

November 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:
  • 225p
Elementis has announced that in response to market demand it is expanding production capacity for its speciality rheological additives and dispersants for water-based coatings in West Virginia. Construction is now underway with production scheduled to start Q4 this year. This should bode well for eps growth, as should the earlier announcement that it will pay out a special dividend. That said, there have recently been profit warnings from bellweather industrial stocks, Morgan Crucible and Cookson, with China / Asia becoming a particular area of short-term concern. On that basis and given the shares are sitting well above our original recommendation at 133p in February 2011 it seems prudent to int ...

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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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