Welcome to EQUITY DEVELOPMENT
The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
Search for Company Research
FREE REGISTRATION
Sign up today and access the very latest company research
LOG IN
For access to all company research please
UCM
UCM converts naturally occurring minerals, such as Magnesite and zircon, into high quality materials for use by its customers in a wide range of applications
UCM – Turning the corner?
UCM has completed a radical re-structuring and is now beginning to reap the benefits.
UCM performing robustly in difficult markets.
- Significant financial and operational benefits from restructuring.
- UCM to compete agressively as a low cost producer.
- World leading position in niche markets for magnesia and zirconia production.
- Yield 8.2%.
UCM continues to increase market share
- UCM is a leading supplier of chemicals to niche markets worldwide and continues to build a business with good long term growth characteristics.
- The company is currently operating against a background of more difficult markets but is still gaining market share in most markets and products. As expected first half 2002 results showed a strong recovery over the depressed levels of second half 2001.
UCM move into the Far East
In the face of world economic slowdown the heating element market experienced further weakening in demand during second half 2001. This is reflected in lower magnesia sales (down 9%) which was responsible for the decline in the group total. However a restructuring of the market is continuing and this is providing good opportunities for the UCM magnesia operations to consolidate its leading market position. With manufacturing progressively moving to Asia and the Far East UCM has established a presence in China. This will produce important benefits from 2003 onwards.
