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ESNT Essentra Plc

143.20
-3.80 (-2.59%)
12 Dec 2024 - Closed
Delayed by 15 minutes
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
  -3.80 -2.59% 143.20 272,463 16:35:12
Bid Price Offer Price High Price Low Price Open Price
144.40 145.00 147.00 143.40 143.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 611.6M 5.4M 0.0188 76.91 422.75M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 UT 151,022 143.20 GBX

Essentra (ESNT) Latest News (2)

Essentra News

Date Time Source Headline
12/12/202407:00UK RNSEssentra plc Transaction in Own Shares
10/12/202407:00UK RNSEssentra plc Transaction in Own Shares
09/12/202407:00UK RNSEssentra plc Transaction in Own Shares
05/12/202407:00UK RNSEssentra plc Transaction in Own Shares
03/12/202407:00UK RNSEssentra plc Transaction in Own Shares
02/12/202407:00UK RNSEssentra plc Transaction in Own Shares
02/12/202407:00UK RNSEssentra plc Total Voting Rights
28/11/202407:00UK RNSEssentra plc Transaction in Own Shares
26/11/202407:00UK RNSEssentra plc Transaction in Own Shares
25/11/202417:58UK RNSEssentra plc Transaction in Own Shares

Essentra (ESNT) Discussions and Chat

Essentra Forums and Chat

Date Time Title Posts
30/11/202414:15Essentra (formerly Filtrona)671

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Essentra (ESNT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-12 16:35:12143.20151,022216,263.50UT
2024-12-12 16:28:58144.602739.04AT
2024-12-12 16:28:58144.60191276.19AT
2024-12-12 16:24:56144.60423611.66AT
2024-12-12 16:23:41144.351,1501,660.05O

Essentra (ESNT) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Essentra Daily Update
Essentra Plc is listed in the Plastics,resins,elastomers sector of the London Stock Exchange with ticker ESNT. The last closing price for Essentra was 147p.
Essentra currently has 287,582,744 shares in issue. The market capitalisation of Essentra is £415,844,648.
Essentra has a price to earnings ratio (PE ratio) of 76.91.
This morning ESNT shares opened at 143.40p
Posted at 30/11/2024 13:45 by essentialinvestor
Estimates have been progressively scaled back, forward multiple remains high as a consequence, even with the share price fall.

It may be worth more to a competitor.
Posted at 05/11/2024 14:56 by masurenguy
ESNT has halved in value over the past 30 months. I've never been a shareholder here. However, it looks as though it could be oversold and may now be potentially ready for a revival next year. Therefore I've added it to my watchlist.
Posted at 09/10/2024 09:51 by davius
Jefferies cuts Essentra price target to 215 (245) pence - 'buy'
Posted at 28/9/2024 07:58 by davius
Insider: director spends £100k on shares at 15-year low

These shares might have just dropped sharply, but the management team and City analysts believe better days lie ahead. Graeme Evans explains why.

by Graeme Evans from interactive investor

The cheapest Essentra shares in 15 years were bought by the FTSE 250 firm’s top team last week as they backed the components maker in the wake of a profit warning.

Chair designate Steve Good led the buying with a purchase of £100,000, while chief executive Scott Fawcett spent £15,000 and finance boss Jack Clarke £12,400.

Their investments took place on Wednesday, the day after Essentra said trading in August and September had not lived up to earlier hopes for a modest upturn in volumes.

It said conditions in Europe were softer and that the recovery in the Americas region has been slower than anticipated, meaning that annual operating profits will be £40-42 million rather than City forecasts nearer £49 million.

The company, which was known as Filtrona until 2013 and demerged from FTSE 100-listed Bunzl in 2005, is now a pure play components business after selling its filters division in 2022.

It employs 3,000 people at 14 manufacturing facilities, producing 60 million parts a week for customers in sectors including automotive, electronics and renewable energy. These are small but critical components that go into other items.

Last week’s trading setback sent shares down by as much as 19% towards 140p, which compared with 350p at the start of 2022 and 190p in May. They closed last week at 145.2p.

The sharp reverse came even though the company stressed that it stands to benefit from high levels of operational leverage when normalised growth returns.

The support of directors, who bought their shares at 142p, was echoed in the City after analysts at three firms downgraded their price targets but still forecast a decent recovery.

Peel Hunt lowered its estimate from 300p to 230p and said its focus remains on the potential for accelerated returns as volumes improve: It added: “Service levels are high. The challenges are market volume related rather than pricing.”

Deutsche Bank cut from 240p to 200p, while Panmure Liberum left its price target unchanged at 315p although it conceded that this will now take longer to achieve.

Panmure Liberum added: “Whilst it is disappointing to see lower than expected volumes, we see the situation as cyclical rather than structural in nature.”

It continues to believe the group is capable of delivering on its medium-term ambitions, which were disclosed in November 2022 when Essentra told investors that it intended to double its revenue and triple its operating profits.

The growth plan included the opening of a new site in Monterrey, Mexico, reflecting the significant contribution the Americas region will make to its long-term performance.

Efforts to deliver results throughout the cycle saw an improvement in last year’s operating margin to 13.7% from 7.4% the year before, while the balance sheet remains robust at a ratio of 1.1 times net debt to adjusted earnings.

It is due to pay an interim dividend of 1.25p a share on 25 October, with the full year award three times covered by earnings. In 2023, Essentra shareholders received a special dividend of 29.8p a share following the disposal of its filters and packaging businesses.

The group has been led by Fawcett since January 2023, having joined Essentra in 2010. Chair Paul Lester is due to step down later this year after a handover period to Good, who is the former chief executive of Low & Bonar and joined the Essentra board in July.
Posted at 24/6/2024 09:37 by kinwah
Essential, I think ESNT have enough manufacturing to be of interest to Rosebank. Reading Melrose's history they purchased two components businesses Dynacast and McKechnie. I knew McKechnie quite well. There was a fair bit of plastic injection moulding like ESNT. I'm struggling to think of many other companies who could be potential prey for Rosebank. Potentially CARR's engineering division which is being readied for sale is another potential transaction for Rosebank but it's a lot smaller than ESNT. One thing I find interesting about ESNT is how much trading is done in the closing auction. It looks as if someone is accumulating them. Anyway I think it's good value at this level.
Posted at 19/6/2024 18:23 by kinwah
I'm surprised there is no interest in this share. It's in my top 10 most likely bid candidates. It's exactly the sort of bid target that the new 'Melrose', Rosebank Industries will be interested in acquiring.
Posted at 31/10/2023 12:31 by 97peter
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!!
Posted at 08/4/2023 09:00 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 09:26 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 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

Essentra Frequently Asked Questions (FAQ)

What is the current Essentra share price?
The current share price of Essentra is 143.2p.
How many Essentra shares are in issue?
Essentra has 287,582,744 shares in issue.
What is the market cap of Essentra?
The market capitalisation of Essentra is GBP 422.75 M.
What is the 1 year trading range for Essentra share price?
Essentra has traded in the range of 126.00p to 191.20p during the past year.
What is the PE ratio of Essentra?
The price to earnings ratio of Essentra is 76.91.
What is the cash to sales ratio of Essentra?
The cash to sales ratio of Essentra is 0.68.
What is the reporting currency for Essentra?
Essentra reports financial results in GBP.
What is the latest annual turnover for Essentra?
The latest annual turnover of Essentra is GBP 611.6M.
What is the latest annual profit for Essentra?
The latest annual profit of Essentra is GBP 5.4M.
What is the registered address of Essentra?
The registered address for Essentra is LANGFORD LOCKS, KIDLINGTON, OXFORD, OX5 1HX.
What is the Essentra website address?
The website address for Essentra is www.essentraplc.com.
Which industry sector does Essentra operate in?
Essentra operates in the PLASTICS,RESINS,ELASTOMERS sector.

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