Essentra Share Discussion Threads

[essentialinvestor] 01/11/2019 06:15

Held here previously, just noticed the share price fall.

Last time I looked at ESNT their main components business was growing at
a double digit rate, that Growth appears to have ground to a halt?.

Some continuing recovery in packaging is a plus, all be it from a very low base.

Expected more from the company.

[philanderer] 31/10/2019 17:39

Persistent selling today .. 500k traded .. UT @ 381.4p

[philanderer] 25/10/2019 09:47

Market report:

Plastic and fibre products firm Essentra said third-quarter underlying revenue is broadly flat year-on-year, despite Brexit problems and a more difficult environment. On a like-for-like basis, it has fallen 2.9%.

The Filters business suffered a fall in revenue, Essentra said, but it expects this to reverse in the last quarter and said the unit has now secured a first "significant" outsourcing deal.

Essentra shares were down 2.3% early Friday.

Alliance News

[philanderer] 25/10/2019 09:40

25th oct Peel Hunt buy tp 500p

retains

[philanderer] 25/10/2019 09:11

No dramas.

[philanderer] 20/10/2019 23:54

Q3 update friday.

[philanderer] 14/10/2019 17:43

Nice move up from 423p but low volume today.. 217k trded

[philanderer] 07/10/2019 12:43

Essentra Components – thousands of new hardware products added to range for machine building and equipment manufacturers in Ireland

07 October 2019


Essentra Components is pleased to announce thousands of new catalogue products focused on the needs of its industrial manufacturing customers

[philanderer] 29/9/2019 23:47

Questor: we said just hold Essentra last year. Now it’s more expensive but in better shape. Time to buy

[manrobert] 25/9/2019 09:31

last day for buyers to get div

[essentialinvestor] 19/10/2018 09:56

Closed out for a small gain, unimpressed with the IMS.

[unnavailable] 17/10/2018 15:09

Yep. Nice timing ei.

[essentialinvestor] 16/10/2018 09:07

Bought a more meaningful amount near the open.
Still a small position as speculative imv.

[essentialinvestor] 08/10/2018 12:31

Bought just 250 shares so I would not forget about ESNT,. mentioned in the post above that below 3.90 would not surprise me.
Well here we are.

It still doesn't look compelling value, given the debt and lack of dividend growth.

Anyone want to make a more positive case?.

[essentialinvestor] 18/9/2018 10:15

Had a very small amount under 4.16. still on over 17X current year.

Under £3.90 would not surprise me.

[essentialinvestor] 10/9/2018 16:25

A competitor might pay a high multiple,
would have thought any take out metrics are too high for private equity,
however I'm only guesstimating.

[uselogic] 10/9/2018 15:33

If it gets down to £3.80 one of the PE firms would definitely go for it. When it got down to £3.90 with the 3rd Profit warning in 2016, I heard that they were starting to sniff around. Your £3.80 to £4.15 is, as you say an interesting range.

[essentialinvestor] 10/9/2018 15:15

I thought very approx 3.80-4.15 as an area of interest.


Woodford possiblly selling?, From memory he held ESNT.

[uselogic] 10/9/2018 14:23

If it goes below £4.00 then the PE firms would be very interested. Think PE is what is needed anyway. It looks like the turnaround is not a quick fix, based on '17 and H1 '18 results. Not sure why the share price is tumbling at the moment, maybe the larger shareholders are not liking what they are hearing. Raw Materials will rise again next Year, and not sure about their ability to pass on (with exception of components). If it goes below £4.20 it might be worth a punt, but you need to be prepared to hold onto them for a reasonable amount of time, before seeing any sort of return.

[essentialinvestor] 10/9/2018 12:31

Uselogic, would you buy here under at certain price?,
or your view is perhaps too many uncertainties. Thanks.

[uselogic] 06/9/2018 14:28

Yes I get the valuation at x18, which is high. Bunzl is about 22-23 and usually use that as a comparison, as Filtrona was spun out of Bunzl and they have had consistently good results for last 5 Years. I don't think the recovery is guaranteed, without significant structural changes, which it looks like they don't have the cash to do.

[essentialinvestor] 06/9/2018 13:03

I get your point, they reference the cost of machines running in to millions,
What I've questioned is from a valuation context, the recovery appears to
be pricing in recovery, much of which is yet to come - and not guaranteed.

[uselogic] 06/9/2018 12:58

One of my friends works in the packaging industry. Reckons a new machine is about £2M. If you have + 20 sites that is a significant investment, which they don't have the cash to do. I think they were talking £10M of investment over 3 Years. So 5 machines over 3 Years, isn't going to push the margins back up to where they were.