Elementis’ shares have drifted recently, underperforming peers despite reporting a very solid Q3 performance just three weeks ago. The shares now trade at a marked discount to the peer group, having de-rated since the start of the year. We expect an in line outturn to FY17 and believe Elementis is well set to deliver continued profit growth in FY18 with the potential for non-core disposals to enhance cash generation. End market conditions are generally favourable in Specialties (US and China coa ....
17 Nov 2017
N+1 Singer - Elementis - Share price drift presents buying opportunity
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N+1 Singer - Elementis - Share price drift presents buying opportunity
Elementis plc (ELM:LON) | 138 3 1.6% | Mkt Cap: 814.1m
- Published:
17 Nov 2017 -
Author:
James Tetley -
Pages:
3
Elementis’ shares have drifted recently, underperforming peers despite reporting a very solid Q3 performance just three weeks ago. The shares now trade at a marked discount to the peer group, having de-rated since the start of the year. We expect an in line outturn to FY17 and believe Elementis is well set to deliver continued profit growth in FY18 with the potential for non-core disposals to enhance cash generation. End market conditions are generally favourable in Specialties (US and China coa ....