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Essentra Share Discussion Threads
Showing 101 to 122 of 125 messages
|To answer my question in post 119 I have found shorttracker.co.uk quoting latest short interest as 4.54% but no recent updates since 19th feb results. Trading volumes have shot up and last three days so far amount to over 14m shares traded equiv. to 5.3% of the issued shares. Normal trade volumes are about 1 million per day so I believe these moves we have seen are failrly soundly based and very positive. Anyone any different views ?|
|betman, it was on a watch list as per previous posts, looked at Friday's
results before the open and tbh did not see great short term upside,
got that very wrong!!, well done on your purchase.|
|Essential , thanks , hope you are Long these ? Just relooked at chart, amazing it was over 1000p in 2015. I have watched webcast again and just feel these were too under valued with all the opportunities that the new CEO can exploit. In a way I hope that these arent taken out at a cheap price as I would like to be on these for the ride over the next 3 years
On the 31st Jan gordongekko said short position was up to 4.57%. Does anyone know current figure ? I would be amazed if this wasn't considerably down. I see the large short position as a positive as these will be bought back as business improves, amplifying the normal recovery stock buying.|
|wow, all happening now, biggest volume in 5 years, is someone stake building here ? Could be alot of director buying after results. Paul Forman only owns 25000 and Stefan none at all which is disappointing. Hopefully there will be an RNS telling us something. A great end to the week|
|Worth looking at the webcast on their website, Paul Forman looks very impressive. I think it will take 12 months until we see the impact of him taking over as CEO. The business is sound but has completely lost focus. Some hard work focussing on the detail of the business and a clear stratgey for the future will see improveemnts in performance. I have bought some more for the recovery.
I guess there is some squeezing of shorters in todays healthy share price rise.|
|Well it is going to be an interesting update.|
|At last we seem to be getting a gradual climb away from the two recent lows, the second one higher than the first which is a good sign. The trading update on the 23rd Jan was a profit warning and trigger for the second slide. I certainly wouldnt to be shorting this on a recovery in revenue perf. and sorting out costs, plus currency gains could put a big squeeze on shorters. The Full year results on the 17th February should give us the facts rather than any speculation. I wonder if some good news is sneaking out ??|
|Short positions on Essentra Plc have further increased to 4.57% - Marshall Wace amongst the Funds betting on Essentra's demise - this is bad news folks.|
|On a watchlist, tempted to have a small amount, but perhaps a re-test of the 2016 lows on the way?.|
|Short positions on ESNT increased to 3.5% yesterday.|
|Bemused by yesterday's reaction, but that's the market.
Outside bid possibility.|
|ESNT going in the direction it deserves today.|
|Odd price action today.
Its like they didn't issue a downbeat statement for 2017!|
|Yes I'm waiting for the price to steady on the intraday rise and I might then add to my short as that was not pretty reading for longs.|
|Can understand some buying as there is an outside bid possibility,
however that statement surely has implications for '17 profitability?.
The last two months of the year referenced, and no immediate recovery in prospect on that
further weakening- if I am reading that correctly.|
|Seems like the recent rise really was a reaction to the appointment of the new CEO.
Todays profit warning has brought things back down to earth !|
|LOL, well you might be right. Outside bid possibility here,
just be mindful of that but you probably already are.|
|Shareprice has increased by nearly 17% over the past month. Is this just a vote of confidence in new CEO Paul Forman, who bought 25,000 shares at 433p just over a week ago, or are they just riding the coat tails of the recent pre-Christmas FTSE rally?|
|Looks like a technical position is developing here ....... probably driven by short closing ahead of the year end. The share price hasn't been this firm since the first profit warning announcement.|
|Still overvalued staying out for the time.|
|tsmith2, Sorry. I just noticed your early question in Posting #46. It was a replay facility available for 30 days: http://uk.advfn.com/stock-market/london/essentra-ESNT/share-news/Essentra-plc-Trading-Update/71690372
ESNT is one of the stocks on my Watchlist but every time I listen to C. Day, I'm put off by his style of talking.|