Essentra Plc

2.00 (1.1%)
Share Name Share Symbol Market Type Share ISIN Share Description
Essentra Plc LSE:ESNT London Ordinary Share GB00B0744359 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 1.1% 183.20 230,866 16:35:18
Bid Price Offer Price High Price Low Price Open Price
182.40 183.00 183.20 180.60 181.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Plastics,resins,elastomers 991.80 -188.00 -62.10 - 554.35
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:45 O 189 181.799 GBX

Essentra (ESNT) Latest News (2)

Essentra (ESNT) Discussions and Chat

Essentra Forums and Chat

Date Time Title Posts
25/5/202312:36Essentra (formerly Filtrona)598

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Essentra (ESNT) Most Recent Trades

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Essentra (ESNT) Top Chat Posts

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Posted at 25/5/2023 12:36 by 97peter
This looks like a CEO and BoD play!!! Either they are looking at a new M&A and we don’t know? OR they are setting up ESNT fora takeover, with cheap shares, no debt, money in surplus and buybacks happening. THOUGH the buybacks are being poorly handled by Peel Hunt who should be buying around 200,000 -250,000 per day at £2 / share!!! Plus now when the share price is 185p why are they not taking advantage and buying 300,000/day???
Something not right!!!

Posted at 17/5/2023 10:13 by philanderer
Peel Hunt flags Essentra’s deal pipeline

Improving sales and a healthy balance sheet mean plastic products maker Essentra (ESNT) is well placed for the rest of the year, according to Peel Hunt.

Analyst Henry Carver reiterated his ‘buy’ recommendation and 300p target price for the shares which dipped 2% to 194p yesterday.

Trading in the first four months of the year was consistent with trends outlined at the annual results in March, with group sales up 9% year-on-year.

‘Essentra has a strong track record of resilience, and with the trends starting to improve as anticipated as we are confident in the prospects for the year,’ he said.

‘Further out, the path to high-teens-percentage operating margins and through-cycle growth remains clear.’

Carver said the balance sheet was ‘in good shape’ and that there may be more deal activity in ‘the next few months’ as there is a ‘healthy M&A pipeline’.

‘With the shares trading on a price-to-earnings ratio of 18 times December 2024 before accounting for any accretion from the ongoing share buyback – which could be as much as 10% – falling to 16 times full-year 2025,’ he added.

Posted at 05/5/2023 09:52 by 97peter
Volopandy you are right this is a rock steady share, now company streamlined and focused on delivering what it does best. Maybe a few minor acquisitions in 2024?
The 2 x 1 million share purchases at 293p after hours yesterday should start to shine throug to an asking and share price price of 209 by end of today.

Posted at 08/4/2023 15:45 by 97peter
Let’s see if buyback gets share price back to 220-230p price range. Then I can see 23/24, divi forecasts being more like 2 x 4p divi, interim and final next year? Plus if share buyback works as should, we will all be in a good place!!
Posted at 08/4/2023 10:00 by loads2
Analysis of Essentra Buy Backs Since Announcement vs Performance Shares Granted

Since Essentra announced recently its buy back programme a total of 1,179,639 shares have been bought back. However over the same period 1,201,238 of shares have been granted as performance awards to senior executives under Essentra's long term incentive plan.

The buy back announcement stated at current market prices about 15 million shares will be bought back before 31 December. To date only 1.2 million shares have been bought back but these have effectively just been given to senior execs instead. So the effect is completely neutral which explains why peel hunt's purchases of shares are not leading to any increase in the essentra share price

my concern is why are essentra not buying more shares now? are essentra expecting to get them cheaper before the end of the year? surely if essentra has faith in its own share price they should be buying them up now instead of buying up later when they expect the share price to go down

i am also concerned about senior execs lining their own pockets here at shareholders expense

Posted at 29/3/2023 10:26 by 97peter
Looks very good Philanderer!!
With share buyback possibly pushing share price up by 1p - 2p per week for roughly 5 months, taking share price back to 225 region by September, plus another 1p divi in May!
I see good growth and a share price of 230p - 245p by October very possible given growth, acquisitions and increased sales and revenue!

Posted at 21/3/2023 16:18 by loads2
key issue in results tomorrow will be level of cost base. this is a business which had a level of overhead when it was filters packaging and components, ie divisional people plus group people

now it is only components so a lot of people ought to have been exited and costs cut - do they really need separate group and divisional hr, finance etc?

there is a lot of overhead they ought to have cut and if they havent cut overhead then essentra shares are gonna get marked down - perhaps this is why the share price is going down today?

they also need to cut the size and cost of their board. i doubt jack clarke will do that though with his background of excess remuneration and bleeding shareholders which he did before at marshalls plc

Posted at 03/3/2023 12:49 by kenmitch

Buybacks don’t mean automatic higher share price. If it did we would all buy Companies buying back for a guaranteed profit!

There are many examples of buybacks being followed by a falling share price.

e.g Abdn have been buying back their shares for several years, starting them at £5 which ended up the peak, and the share price subsequently fell to just £1.40 before recent recovery to £2.20.

The huge special dividend is the big bonus, and there’s a goodish chance that the share might have a bit of a run ahead of ex dividend date on 20th March.

Posted at 23/2/2023 18:33 by 97peter
Agree Kenmitch, the share buyback could get the share price up by 10p after x-divi with buying 500,000 shares per day for 3 months and £60 million pounds. But agree 95% of buybacks fail, other than to reduce no of shares in company which helps theBoD bonus!
Posted at 23/2/2023 17:15 by kenmitch
Special dividend; great. Share buyback; waste of money imo.

Time and time again Companies buyback their shares only to see the share price go even lower.

Special dividends reward shareholders with real money.

There are so many examples of buybacks not rewarding shareholders as intended.

e.g Whitbread “rewarded̶1; their shareholders by paying almost all the proceeds of their sale of their Costa business via buybacks. The share price then fell from the start of them and has still not got back to where it was at the start of that huge buyback programme.

e.g Abdn started their buybacks at £5 several years ago and continued with them for years….as the share price dropped from £5 to a low of just £1.40.

Essentra share price data is direct from the London Stock Exchange
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