Elementis’ interims confirm a challenging period for the Group, but come as no surprise following the trading update of late June. Management’s expectations for the full year are explicitly reiterated today. We make some modest forecast changes (PBT -4% in FY16), having been towards the top of the range. We believe investors will now increasingly turn their attention to the recovery potential in a number of Elementis’ core markets and, more keenly, to any change in strategic emphasis under the n ....
02 Aug 2016
N+1 Singer - Elementis - Challenging H1, well positioned for future recovery
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N+1 Singer - Elementis - Challenging H1, well positioned for future recovery
Elementis plc (ELM:LON) | 140 -2.8 (-1.4%) | Mkt Cap: 824.7m
- Published:
02 Aug 2016 -
Author:
James Tetley -
Pages:
7
Elementis’ interims confirm a challenging period for the Group, but come as no surprise following the trading update of late June. Management’s expectations for the full year are explicitly reiterated today. We make some modest forecast changes (PBT -4% in FY16), having been towards the top of the range. We believe investors will now increasingly turn their attention to the recovery potential in a number of Elementis’ core markets and, more keenly, to any change in strategic emphasis under the n ....