Elektron trading statement.

Elektron came out with a trading statement today.

As I stated in my footnote to the brokers forecasts the most profitable subsidiaries doing very nicely indeed.

At the moment the ECD division contrbutes 60% of group turnover the other divisions split 20% hard metal components , 20% from instruments.

Looking a little further ahead I am expecting the instruments operations to not only catch up on ECDs profitability but to be the most profitable business overall. The reason being some of the instruments are high value products and therefore margins will be better.

The company stated they were confident of long term growth in profits and dividends.

Total Carbide launch.

Total Carbide launch new identity and new product line together with a £1.8 million investment programme.

http://www.totalcarbide.com/media/TotalCarbidelaunchOE2009FINAL.pdf

Neill Rickets indicates the subsidiary has already had success in new business in the last 3 months.

The company has developed a new Nickel Chrome alloy for the oil and gas industry.

Institutional Presentations.

Elektron are to have a number of City Institutional Presentations, Sept/Oct 2009

http://www.cityinsights.co.uk/default.aspx