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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Essenden | ESS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 80.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.50 | 80.50 |
| Top Posts |
|---|
Posted at 22/3/2015 08:56 by shanklin Are Harwood Capital completely independent of the directors?Just curious as this is not something I looked at before investing in ESS. |
Posted at 21/3/2015 14:30 by cockerhoop Potential bid from Harwood Capital announced after hours last night (they already own 34%) |
Posted at 13/3/2015 07:30 by shanklin Snippet on ESS |
Posted at 12/3/2015 11:21 by shanklin Bought some ESS for the first time. The results look more straightforward to me this time round. And hopefully they will be bought out some time in 2015. |
Posted at 13/1/2015 11:41 by shanklin bb2, I would quite like to be long ESS shares.However, I always find their trading updates particularly opaque in terms of exactly what profitability they are achieving. EBITDA is of no use to me other than as a step on the way to a clear explanation of their calculation of adjusted PBT. |
Posted at 07/11/2014 17:38 by boonkoh The spread on ESS is scary. Wish there was one liquidity or volume! |
Posted at 13/10/2014 09:53 by eezymunny A decent dir buy on Friday...I guess this hangs about if Trefick want out but that confirms adds weight to my belief that this could be a good cash machine going forward. |
Posted at 09/9/2014 16:12 by eezymunny Looks like it has sold for £91m (FT) or just over 6x EBITDA of £15m according tohxxps://www.altasset ESS did £4.1m EBITDA last year and may do c. £6m this year as lfl's are up 7% (last t/s). So 6 x £6m would be a £36m valuation on a similar basis which is about = current market cap. ESS is debt free though so may be worth a significantly higher EBITDA multiple to a Private Equity firm? Now I note that Original was debt free end 2012 so that may be bunkum! hxxp://talktenpin.ne Original did £70m sales according to So sold on a 1.3 price/sales. ESS did £45.6m sales in 2013 so sold on that ratio would be valued at £59m or 118p/share. So I guess ESS looks pretty cheap here in summary. |
Posted at 23/5/2014 15:38 by shanklin DavidoshThank you for your post. Have you any idea what P/E ESS might be on once the management rewards have been paid and we get some semblance of a clean set of accounts. In these sort of situations, it would be good if companies would voluntarily produce a set of adjusted accounts reflecting all the moving parts having fully moved. All IMHO, DYOR. Cheers, Martin |
Posted at 15/5/2014 11:12 by shanklin I see two of the directors were due to be paid £2.2m for getting the loan note conversion through and the share incentive scheme looks like it will, at best, see a fair number more shares issued.It would be nice to see a clean set of ESS accounts without management incentives greatly affecting them. Are there any other arrangements which might affect how one would value this company? |
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