Essentra

110 days ago

Essentra – agreement to acquire BMP s.r.l, Buy

Industrial components company Essentra (ESNT) has to recently suffered adverse share price sentiment, but it looks positioned for a recovery which may have now started.

222 days ago

Essentra – interims, an expected second half further progress Buy

Industrial components manufacturer and distributor Essentra (ESNT) has announced results for the first half of the 2023 calendar year “in line with expectations” and that it expects to make further progress in the second half of the year. Meanwhile, we look for progress from a current around 150p share price.

321 days ago

Essentra – AGM trading update, an improving trends Buy

Industrial components company Essentra (ESNT) has issued an AGM trading update including noting distributor destocking but that it “is seeing improved trends since the start of the second quarter”.

381 days ago

Essentra – 2022 results, a trading resilience and growth Buy

Industrial components manufacturer and distributor Essentra (ESNT) has announced its results for the 2022 calendar year and that it considers it has now laid the foundations to capture exciting growth opportunities.

441 days ago

Essentra – proposed special dividend and share buyback, Buy

Essentra (ESNT) has now announced how it intends to structure a previously noted £150 million return to shareholders following the disposals of its Filters and Packaging divisions to focus on being a leading global manufacturer and distributor of components.

456 days ago

Essentra – 2022 pre-close trading update, still a relatively lower-risk Buy?

Essentra (ESNT) has issued a full year 2022 pre-close trading update including that its “resilience is supported by its breadth of customers, market categories, geographies and acquisition momentum” and confirming an intention to return approximately £150 million to shareholders this quarter. So what of a current 218p share price?

565 days ago

Essentra – corporate excitement really kicking off, still a Buy

Essentra (ESNT) has issued “Sale of Filters and Packaging Completion of Sale” and “Appointment of New Chief Executive”-titled announcements and the shares have responded up by more than 15% to above 210p – Mr Market says it sounds like good news then.

576 days ago

Essentra – interims, corporate excitement upcoming

Essentra (ESNT) has announced results for the first half of 2022 and that it “continue (sic) to see strength in our order book, providing encouragement as we move into the second half”.

643 days ago

Essentra – Packaging business sale agreement a “significant step” for the future?

Essentra (ESNT) has announced what it emphasises is “a significant step” to a future as a global leading manufacturer and distributor of components with a clear strategy and significant opportunities to accelerate growth and expand market share. This is with an agreed sale of its Packaging business.

817 days ago

Essentra – shares further ahead on trading update, further corporate excitement potential?

Components and (currently) Packaging and Filters company Essentra (ESNT) has announced fourth quarter like-for-like revenue up 12.7% on the prior year (+11.1% v. Q4 2019) and that it “expects to deliver FY 2021 operating profit in the range of analysts’ forecasts” (£80.7m-£84.3m) and “order book trends remain strong”. The shares are now 340p, a just shy of £1 billion market cap, but is there still further to go here?

860 days ago

Essentra – strategy and CFO update, formally adds to corporate excitement potential

Previously writing on Essentra (ESNT) we noted ‘Q3 update, adds corporate excitement potential’ with the company “reviewing the full range of strategic options for the Filters business” with it aiming to become a pure play Components business over time, targeting strategic focus and an acceleration of organic and inorganic growth. Now a further “Strategic Update” and a “Directorate Change”.

902 days ago

Essentra – Q3 update, adds corporate excitement potential

Recommended at a 282.5p offer price in August, shares in Essentra (ESNT) are currently up to 289p on the back of a “Strategic Update and Q3 2021 Trading”-titled announcement. Good news.

968 days ago

Essentra – a Recovery buy

A half-year results announcement last month from Essentra plc (ESNT) included “we are now trading ahead of 2019 levels with Q2 revenue up by 2.5% LFL”. The market cap at the end of 2019 was £1.13 billion. At a current 287.5p offer price, it is £870 million. It may not be the most exciting company on Earth but that is usually not a bad thing. We regard it as a recovery buy.

2826 days ago

Tom Winnifrith Bearcast: Roland "fatty" Cornish - "oops I did it again

I start with Gulf Keystone (GKP) and a share price driven by morons. talking of morons, London's most useless Nomad, Roland "fatty" Cornish has screwed up again. This time it is Nyota Minerals (NYO) although the real issue here is when is Nyota bust. I think it might be already. I look at Avanti and ask who is smarter: Tom Dobell of M&G, a Bulletin Board Moron or an institutional investor in bonds. I look at Koovs (KOOV), Essentra (ESNT) and Audiooboom (BOOM).