Essentra Share Discussion Threads

[philanderer] 18/9/2020 14:05

Directors buying a few .

[essentialinvestor] 18/9/2020 10:29

Could relate to the acquisition if it was in components,
which is their star business.

Unfortunately existing shareholders are arguably paying a price
for a dividend that should have been cut a few yesrs ago,
while they rebuilt cash flow.

That extra £50 Million raised is a result of that dividend policy imv.

[philanderer] 18/9/2020 10:25

I see the Placing conducted by Jefferies International Ltd and Peel Hunt LLP.

It was Jefferies who put out that positive broker note a few days ago :-)

[philanderer] 18/9/2020 10:02

stpalm , here you go..


A total of 37,223,079 Placing Shares have been conditionally placed by Jefferies International Limited ("Jefferies") and Peel Hunt LLP ("Peel Hunt") with certain existing and new institutional investors at an issue price of 260 pence per share (the "Placing Price").

[philanderer] 18/9/2020 09:55

Not released yet, but the whole thing has gone down like a bowl of sick :-(

[stpalm] 18/9/2020 09:45

Does anyone know the share issue price? I did scan the RNS but didn't see it, Thanks in advance. S

[essentialinvestor] 18/9/2020 09:07

14.6% dilution and this comment "...Acquisition meets internal ROIC benchmark by year 3..."

By year 3!. A cynic might say it was an equity raise disguised by an acquisition.

[philanderer] 18/9/2020 00:16

Jefferies note (from last week)...........


Essentra PLC (LON:ESNT) is doing better amidst the COVID-19 pandemic than Jefferies feared and has been upgraded by the investment bank.

Jefferies new ‘buy’ rating, up from ‘hold’, comes with a 360p price target – compared to a current price of around 291p.

Analyst Andy Douglas pointed to growth opportunities in the components and filters businesses, whilst he added that the packaging division has recovery potential.

“Having navigated its way through COVID-19 challenges well, Essentra has proven to be less cyclical than we feared, a number of risks have not emerged, and we believe the group is well-positioned for medium-term recovery and growth,” the analyst said.

“However, we believe the market neither fully appreciates nor appropriately values the medium-term growth opportunities and the EBITA margin potential.

“In some cases, we do believe many of these opportunities are well-understood. We expect sentiment to change as the recovery comes through/momentum shifts, and look for the shares to re-rate.”

proactiveinvestors.co.uk

[philanderer] 18/9/2020 00:13

'Exentrique partners with Essentra Packaging to launch inclusive skincare brand'

[philanderer] 17/9/2020 18:53

Seems a good fit.

[captain stock] 17/9/2020 18:19

25p is the ordinary share denomination not the share price. Bid price to be confirmed. ??

[melody9999] 17/9/2020 17:16

Looks an interesting acquisition supplying packaging for medical / healthcare - however £50M being used to strengthen balance sheet and I can see why with the level of debt. Might be a good flip dependent on price - but as we don't know that I'll pass.

[essentialinvestor] 17/9/2020 17:01

Attempting to raise £100 million, of which £50 million will go towards
strengthing the balance sheet.

As mentioned earlier this week...would not rule out an equity raise here.

[inaminute] 17/9/2020 16:57

Price not determined until end of bookbuild.

[volsung] 17/9/2020 16:55

Primary Bid are saying I can apply for shares at 25p each. Surely this can't be right if the share price is 284p now
Can anyone clear this up?

[lasata] 17/9/2020 16:43

Is that a good news announcement today?

[essentialinvestor] 15/9/2020 17:05

Hi Phil, had a very small amount before the close.

Tbh, was not that impressed by the results call, which went on forever.

Paul likes the sound of his own voice.

ESNT may be worth more to another company.

Would not rule out an equity raise here, just imv.

[philanderer] 15/9/2020 17:02

That rec not helping at all.

[philanderer] 11/9/2020 10:03

JEFFERIES RAISES ESSENTRA TO 'BUY' ('HOLD') - TARGET 360 (310) PENCE

[essentialinvestor] 02/9/2020 17:17

Hi Phil, I've stated listening to the conference call.

Can't face it in one go )

It's the Essentra 'family' now apparently.

[philanderer] 02/9/2020 17:15

This didn't do much good (from yesterday)

1st sept Deutsche 'buy' tp 360p

[essentialinvestor] 02/9/2020 11:48

Bottom line is they have once class leading business imv - components.

[essentialinvestor] 02/9/2020 11:45

Hi Phil, best outcome here is a bid approach me thinks.

Best part of £300 Million in debt.

[essentialinvestor] 02/9/2020 11:44

Hi Phil, best outcome here is a bid approach me thinks.

[philanderer] 02/9/2020 11:40

Morning EI.

ESNT the only red one out of thirty in my lot today, but it's not a large holding :-)