Essentra Share Discussion Threads

[eigthwonder] 27/1/2024 13:30

Promising looking chart here?

[charlotte2020] 09/1/2024 17:21

Bid rumours on Betaville apparently.

[greenroom78] 09/1/2024 15:49

Big sudden intraday swing - has it been tipped somewhere?

[eigthwonder] 21/12/2023 16:26

The rules of engagement on buybacks typically means that the broker is not allowed to buy more than an agreed proportion of the day's traded volume - so that they don't deal against themselves or squeeze out third party interest; if no one is prepared to trade then the broker can't buy, it's as simple as that. This was quite well hyped as "undiscovered quality growth" at the time of the demerger and I suspect there are a lot of stale bulls in there who probably don't want to crystallise their loss but don't have the cashflow to buy more. I'm not totally familiar with the cost structure but I think the largest single item is going to be polymer and the cost of that could be ready to weaken given oil price declines. That said, the poor lfl's on the last statement are a cause for concern.

[97peter] 29/11/2023 11:17

NO NEWS??
Why aren’t ESNT board of Directors and CEO, Management team pulling their finger out and selling the business globally , increasing sales and putting Peel Hunt on the naughty chair for being inept? Why no news and so going up?

[97peter] 15/11/2023 15:02

Saw the RNS today. Disappointed still in the share buyback, Peel Hunt should have completed there contracted work in 10 months, failed and should not be paid! This buyback should have seen share price now at £2. Given everything and recession, plus the acquisitions,which to be brutally honest was Essentra, not Peel Hunt, they should have done their job and bought 150,000 every trading day!!

[97peter] 14/11/2023 16:30

Any news from GM?? Did both proposals go through with a 90% majority yes votes?
Any other news?

[97peter] 11/11/2023 11:08

Wow, some entity has bought 2 x 1 million shares buy after hours yesterday!! Is this someone buying in for a M&A or buyout? Or is it Peel Hunt doing their job and spending the millions in the buyback?
Or is it an investment company in the know?
Good to see, should start to see share price ruse next week ahead of the EGM and allowing BOD to CEO to use monies set aside for something??

[97peter] 31/10/2023 12:31

I hope Perl Hint get on with and finish buying ESNT share buyback quicker and bigger numbers!! This should have been completed by now? They should be buying 100,000 shares per day now for 30 working days to get the job done and share price up to 180p??? Come on Peel Hunt, plus come on CEO and BoD start buying shares yourself and some confidence in the share on run up to Christmas!!

[97peter] 29/10/2023 12:47

Patience and await the outcome of the EGM and new bits in November then see what happens. The share buyback is too slow and inconsistent for me and should have been done and wrapped up,in 3 months!! Peel Hunt are useless!!

[volvopandy] 25/10/2023 22:59

We're back to the 14 year low (143.60) of 2 months ago (with a new intra-day low of 130.20). Maybe Peel Hunt went big today for once? "Softer trading" & the lower end of the profit forecast are hardly surprising given the national & international environment. I'm in for the long(er) haul & sitting on the dunes, ready to see Essentra wearing trunks when the tide goes out, playing #nodebttoptrumps. - vp

[kemche] 25/10/2023 11:35

SCSW used to find the odd howler but it now seems to be a full-time occupation.

[blueball] 25/10/2023 08:29

Still overvalued staying out for a time.

[johnv] 24/10/2023 16:44

Small cap market a complete mess.

[aishah] 24/10/2023 16:00

Approaching 52w low now. Bid rumours were just that then!

[volvopandy] 21/10/2023 06:25

Has anyone got an interpretation of these GM special resolutions? ie shift non-distributable cash to distributable. I may be a dummy here but this non-dist cash is not equatable to the share buy-back cash is it? I would imagine that the Peel Hunt deal was a contractually-bound arrangement? I was just wondering if the BoD might want to end the buy-back & hold the cash to sweeten the deal for any takeover vultures? (Let's face it: what good has the buy-back done?). The recent share price spike seems "suspicious" & there are "vague rumours" apparently. I am still confident & continuing to hold. Target price of 195-225p. Macro events may scupper these dreams,however. Good luck everyone. - vp

[kash_] 18/10/2023 16:25

Bloody hell.....my profit would have been wiped out....delighted to have sold....it hit the 200ma line and then plummeted

[busthief2] 17/10/2023 08:37

Has any calculater jockey worked out how many shares have been bought back so far ? Cheers

[stats12] 12/10/2023 20:52

Do you have what it said please?

[liam1om] 12/10/2023 11:34

Rumours of vague bid talk in the Times.

[97peter] 12/10/2023 10:25

Anybody any ideas, what is causing this, 10% up yesterday and already another 4% up today. Is someone trying to buy in to TO? Or is there an underlying M&A play, partnership being played?

[liam1om] 11/10/2023 16:27

Something kicked off at 3pm. A lot of volume since then. There is something out there causing this. Could be a broker note, could be bid spec.

[97peter] 11/10/2023 16:25

EI - Is this speculative or does someone know a bid or M&A or other in play??
Maybe we are just on the way a Ito the 240 - 250p days?