|Bid||0.00 x 4000|
|Ask||0.00 x 800|
|Day's Range||10.84 - 11.32|
|52 Week Range||9.09 - 13.54|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.89|
In accordance with an agreement with Element Solutions Inc. (ESI), Pershing Square Capital Management leader Bill Ackman (Trades, Portfolio) disclosed on Feb. 4 he exited his stake in the company. Warning! GuruFocus has detected 3 Warning Sign with ESI. The Florida-based company, which changed its name from Platform Specialty Products Corp. (PAH) following the completion of the sale of its agricultural solutions business in January, manufactures specialty chemicals for a number of markets, including automotive, telecommunications, consumer goods, energy and water treatment.
Moody's Investors Service ("Moody's") upgraded the corporate family rating of Platform Specialty Products Corporation, which is being renamed Element Solutions Inc., to Ba3 from B2, concluding the review initiated on July 24, 2018 when the company announced the planned sale of its Arysta LifeScience Ltd. ("Arysta") agricultural chemicals business to UPL Corporation Limited (Baa3 positive) for $4.2 billion in cash, subject to certain adjustments. Moody's also affirmed the SGL-2 speculative grade liquidity rating.
Platform Specialty Products Corporation (PAH) (the “Company”), a global specialty chemicals company, today announced the successful closing of the sale of its Agricultural Solutions business, which consists of Arysta LifeScience Inc. and its subsidiaries (collectively, “Arysta”), to UPL Corporation Ltd. The closing of this transaction marks the beginning of a new chapter for the Company. The Company will launch a new website on Friday, February 1st, 2019, reflecting its new name and identity, which will provide visitors information on its businesses and financials.
# Platform Specialty Products Corp ### NYSE:PAH View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Neutral Short interest is moderate for PAH with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PAH totaled $642 million. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Platform, founded by serial deal-maker Martin E. Franklin, has appointed Benjamin Gliklich as chief executive officer, replacing Rakesh Sachdev, who is retiring but will stay on as a non-executive director, the company said in a statement on Monday, confirming a Bloomberg News report. Franklin, meanwhile, will assume the role of executive chairman.
WEST PALM BEACH, Fla.-- -- Arysta transaction expected to close on January 31, 2019 At close, Platform Specialty Products to change its corporate name to Element Solutions Inc and trade under ticker NYSE:ESI, launching new chapter for the Company Rakesh Sachdev announces his intention to retire from his current role as Chief Executive Officer, effective at closing, while continuing as a Director on ...
Platform Specialty Products Corporation (PAH) ("Platform"), a global specialty chemicals company, announced today that all regulatory approvals necessary to complete the previously-announced sale of Platform’s Agricultural Solutions business, which consists of Arysta LifeScience Inc. and its subsidiaries (collectively “Arysta”), to UPL Corporation Ltd have been obtained.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...
Platform Specialty's (PAH) proposed facilities represent a strong step toward establishing a standalone Element Solutions.
WEST PALM BEACH, Fla., Nov. 20, 2018 -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform"), a global specialty chemicals company, announced today that it had.
Insider Monkey has finished processing more than 700 13F filings made by hedge funds and prominent investors in Q3. These filings show these funds’ portfolio positions as of September 30. What do these smart investors think about Platform Specialty Products Corp (NYSE:PAH)? Hedge funds have been steadily losing conviction in the stock. Just 24 of […]
Platform (PAH)'s shares increased 8% during the quarter, but are still well below the highs reached earlier this summer shortly after the company announced an agreement to sell its agricultural business to a strategic acquirer in an all-cash transaction. While management has recently reaffirmed that they remain on track to close the sale at, or shortly after, the end of the year, we believe that investors are not yet valuing Platform's shares based upon the future earnings potential of its remaining business, Performance Solutions. Warning! GuruFocus has detected 2 Warning Sign with PAH.
A chief executive officer was one of the insider buyers featured here. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Bunge Ltd (NYSE: BG) saw CEO Soren Schroder, the chief financial officer and three directors add to their stakes.
Moody's Investors Service ("Moody's") assigned a Ba2 rating to Platform Specialty Products Corporation ("Platform")'s proposed credit facilities, including a $330 million five-year revolver and a $750 million seven-year term loan. Proceeds from the proposed credit facilities together will the expected proceeds from the sale of Platform's Arysta LifeScience Ltd. ("Arysta") agricultural chemicals business will be used to repay existing senior secured credit facilities and unsecured notes due in 2022 and 2023.
Platform Specialty's (PAH) Performance Solutions businesses achieve organic sales growth in all end markets amid certain challenges in Q3.
Platform Specialty (PAH) delivered earnings and revenue surprises of 0.00% and -2.69%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?