Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 148.40p
Change Today:
-0.30p
Market Cap:
863.22m
Sector:
Chemicals

Elementis suspends divi to save cash in response to coronavirus

By Frank Prenesti

Date: Thursday 19 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Specialist chemical company Elementis said it was suspending its final dividend to conserve cash in response to threats to demand from the coronavirus.
The company said its sites around the world remained open and were operating at normal levels.

"Trading and performance has been in line with our expectations, benefiting from efficiency actions implemented in 2019, with overall progress in Personal Care, Coatings and Talc. Market conditions are unchanged in Chromium," the company said on Thursday.

"The impact of Covid-19 however presents significant demand and operating uncertainty."

Chief executive Paul Waterman said Elementis had secured a relaxation of its banking covenants to 3.75 times net debt to core earnings from 3.25 times.

"While our business performance to-date is in line with our expectations, we are acutely aware of the increased level of market and macroeconomic uncertainty. Our focus remains on what we can control, namely active cost and cash management," he said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Elementis Market Data

Currency UK Pounds
Price 148.40p
Change Today -0.30p
52 Week High 161.70p
52 Week Low 61.75p
Volume 183,311
Shares Issued 581.69m
Market Cap 863.22m

Performance Indicators

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Dividend Yield
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What The Brokers Say

Strong Buy 5
Buy 1
Neutral 3
Sell 1
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Elementis Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 05-Sep-19
Paid n/a 27-Sep-19
Amount 0.000¢ 2.80¢

Trades for 22-Jun-2021

Time Volume / Share Price
13:55 1 @ 148.40p
13:55 2 @ 148.40p
13:55 44 @ 148.40p
13:55 22 @ 148.40p
13:55 200 @ 148.50p

Elementis Key Personnel

Chair Andrew Duff
CEO Paul Waterman