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Elementis - New special dividend

September 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.

The shares stormed to a new high of 215p after Elementis unveiled strong interims and a new special dividend. For the six months to 30 June pretax profit rose almost 12% on flattish sales of US$401.3m. Operating margins jumped 1.9% to 20.1% while net cash was US$29.9m. Within Speciality Products, which makes additives to enhance the performance of liquids, sales grew 4% to US$247m, while profit increased 5% to US$52m. Strong growth in the US in industrial coatings (+14%), oilfield drilling (+28%) and personal care (+5%) more than offset Europe where sales fell 9% while turnover was unchanged in Asia. The strong US side has encouraged Elementis to expand its West Virginia plant, while the division has also been boosted ...

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Elementis - New special dividend

September 2012

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