Croda International PLC

Croda International creates, makes, and sells specialty chemicals. Co.'s sales, marketing and research activities are organized into four global market sectors: Personal Care, which focuses on ingredients for skin, hair, sun protection and color cosmetic products; Life Sciences, which comprises of three complementary businesses: Health Care, Crop Protection, and Seed Enhancement; Performance Technologies, which targets technologies in Smart Materials and Energy Technologies and continues to develop its presence in Home Care and Water Treatment; and Industrial Chemicals, which is a sector based on selling co-streams, developing niche industrial applications and undertaking toll processing.
  • TickerCRDA
  • ISINGB00BJFFLV09
  • ExchangeLondon Stock Exchange
  • SectorChemicals
  • CountryUnited Kingdom
Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

US Dollar Breakdown Bullish For Risk Sentiment Global indexes including the MSCI ACWI and ACWI ex-US are following in the MSCI EM index's footsteps by breaking to new highs. This is bullish and signals a new leg higher is underway. Additionally, the US dollar is showing signs of a breakdown, something we view as a positive for global risk sentiment as long as the decline continues to be orderly. Overall our outlook remains bullish and we suggest buying any dips. · US Dollar (DXY) Breaking Below 96. As we stated after the DXY broke below 98.50, the door remains open for non-US equiti...

CRODA INTERNATIONAL PLC. reduced its risk exposure resulting in an upgrade to Slightly Positive

CRODA INTERNATIONAL PLC. (GB), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date June 26, 2020, the closing price was GBp 5,224.00 and its potential was estimated at GBp 5,605.11.

Expert Corporate Governance Service (ECGS)

Croda International – AGM 23 April 2020

In general, Croda International is in compliance with the British regulations relating to the organization and procedures of the Annual General Meeting.   Under ITEM 2: The Company seeks shareholder approval of the Directors'Remuneration Policy. ECGS notes that the CEO's maximum variable remuneration (both short-term and long-term) could reach 375% under normal circumstances (450% in exceptional circumstances), which exceeds our limit of 300% of the base salary. Accordingly, we recommend shareholders to OPPOSE.

Rob Hales

Morningstar | Croda Reports Soft 1H Results on U.S.-China Trade War Issues; Shares Overvalued

Narrow-moat Croda reported first-half EBIT of GBP 175 million, flat over 2018 and below consensus and our expectations. The United States-China trade war was the key driver of lower demand, particularly in personal care. The outlook for second-half 2019 will not assuage any concerns. Croda is now expecting a slight improvement in performance during second-half 2019 compared with the prior year, which doesn’t tally with consensus expectations for a 10% increase in EBIT. Shares are trading down 4% intraday in response. Despite weaker expectations for 2019, we don’t think anything reported in...

Rob Hales

Croda Reports Soft 1H Results on U.S.-China Trade War Issues; Shares Overvalued

Narrow-moat Croda reported first-half EBIT of GBP 175 million, flat over 2018 and below consensus and our expectations. The United States-China trade war was the key driver of lower demand, particularly in personal care. The outlook for second-half 2019 will not assuage any concerns. Croda is now expecting a slight improvement in performance during second-half 2019 compared with the prior year, which doesn’t tally with consensus expectations for a 10% increase in EBIT. Shares are trading down 4%...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

US Dollar Breakdown Bullish For Risk Sentiment Global indexes including the MSCI ACWI and ACWI ex-US are following in the MSCI EM index's footsteps by breaking to new highs. This is bullish and signals a new leg higher is underway. Additionally, the US dollar is showing signs of a breakdown, something we view as a positive for global risk sentiment as long as the decline continues to be orderly. Overall our outlook remains bullish and we suggest buying any dips. · US Dollar (DXY) Breaking Below 96. As we stated after the DXY broke below 98.50, the door remains open for non-US equiti...

Rob Hales

Morningstar | Croda Reports Soft 1H Results on U.S.-China Trade War Issues; Shares Overvalued

Narrow-moat Croda reported first-half EBIT of GBP 175 million, flat over 2018 and below consensus and our expectations. The United States-China trade war was the key driver of lower demand, particularly in personal care. The outlook for second-half 2019 will not assuage any concerns. Croda is now expecting a slight improvement in performance during second-half 2019 compared with the prior year, which doesn’t tally with consensus expectations for a 10% increase in EBIT. Shares are trading down 4% intraday in response. Despite weaker expectations for 2019, we don’t think anything reported in...

Rob Hales

Croda Reports Soft 1H Results on U.S.-China Trade War Issues; Shares Overvalued

Narrow-moat Croda reported first-half EBIT of GBP 175 million, flat over 2018 and below consensus and our expectations. The United States-China trade war was the key driver of lower demand, particularly in personal care. The outlook for second-half 2019 will not assuage any concerns. Croda is now expecting a slight improvement in performance during second-half 2019 compared with the prior year, which doesn’t tally with consensus expectations for a 10% increase in EBIT. Shares are trading down 4%...

CRODA INTERNATIONAL PLC. reduced its risk exposure resulting in an upgrade to Slightly Positive

CRODA INTERNATIONAL PLC. (GB), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date June 26, 2020, the closing price was GBp 5,224.00 and its potential was estimated at GBp 5,605.11.

Expert Corporate Governance Service (ECGS)

Croda International – AGM 23 April 2020

In general, Croda International is in compliance with the British regulations relating to the organization and procedures of the Annual General Meeting.   Under ITEM 2: The Company seeks shareholder approval of the Directors'Remuneration Policy. ECGS notes that the CEO's maximum variable remuneration (both short-term and long-term) could reach 375% under normal circumstances (450% in exceptional circumstances), which exceeds our limit of 300% of the base salary. Accordingly, we recommend shareholders to OPPOSE.

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