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Elementis – Q1 update, still a winning share tip with further to go

By Tom Winnifrith & Steve Moore | Thursday 2 May 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 issued a trading update including emphasising “constant currency revenue up by 3%, adjusted operating profit up by double digits… confident that our clear strategy focused on innovation, growth and efficiency will allow us to achieve a significant improvement in our full-year performance and continued margin expansion, in line with expectations”. How good is the news from a now above 140p share price having been recommended at a 125.8p offer price only in January?
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