Where ICI went astray
Article Abstract:
ICI's progress against the All-Share index during the past 35 years shows that it is in decline. In 1993 Sir ronald Hampel, then chief executive, and now chairman, set out a new agenda for the company, requiring each business to achieve returns on net assets of 20% a year over five years. However last year the five year average return on net assets was nearing 9% and many of the businesses were moving down. The company has spent the past 20 years building plants globally to cater for the capital intensive businesses.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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New ICI in favour
Article Abstract:
Imperial Chemical Industries (ICI) has come to specialize in flavorings, perfumes and paints, and this move is seen as positive by brokers. Buyers include Deutsche Morgan Grenfell and SBC Warburg Dillon Read, while Credit Lyonnais sees the stocks as not expensive after a drop in their price. NatWest markets is a short-term holder and long-term buyer, and Williams de Broe is a holder. ABN Amro is concerned about the impact on ICI of the rise in value of pound sterling which could affect disposal proces.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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ICI - PTA and PET perplex
Article Abstract:
Imperial Chemical Industries (ICI) saw a rise in its share price in early 1996 but the price has since fallen. A sample of six brokers asked about ICI shares was evenly divided with two rating the shares a sell, two rating them a but, and two arguing for holding the shares. Buyers include Credit Lyonnais Laing, while Kleinwort Benson is arguing for a hold. Sellers include Robert Fleming which sees price problems in commodity markets where ICI operates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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