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Elementis – latest trading update suggests good further upside potential

By Tom Winnifrith & Steve Moore | Thursday 1 February 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Specialty chemicals for product performance and personal care company Elementis (ELM) has just issued a trading update emphasising “Results slightly ahead of expectations, material deleveraging progress”. The shares have responded higher, but we consider that there is good further upside potential from a £739.5 million market capitalisation at a 125.8p offer share price.
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