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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Elementis - Results near top end of expectations

September 2022

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:
  • 116p
The shares jumped after Elementis reported H1 and said full year results will now be near the top end of expectations. Sales rose 9% to US$478m, while operating profit increased 21% to US$66m (16% above consensus). Eps rose 29% to 7.1 cents.Coatings, formerly Speciality Products, whose additives control and change a liquid’s viscosity and thickness, increased revenue 9% to US$209m. Adjusted operating profit of US$44m was significantly up on the prior year (US$33m) thanks to new business momentum, particularly  North America, and successful pricing actions partially offsetting China volume weakness and normalisation of European decorative demand. Adjusted operating profit margins were 20.9%, up from 16.7% reflective of improved prod ...

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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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