Updates

Essentra

March 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Essentra has announced plans to return the proceeds from the Packaging and Filters disposals, with £90m via special dividend (c. 30p a share, on the register as at 21 March) and £60m share buy back, in aggregate 8.5% of its market value. It leaves Essentra as a pure play on Components. Earlier, its full year update revealed results will be in line despite a soft Q4. Europe (over 50% sales) is outperforming but USA (30% sales) experienced revenue declines reflecting destocking by distributors. The smaller AsiaPac experienced disruption from Covid lockdowns, albeit China’s pivot should improve demand. Under the current CEO, Components has already tripled turnover in the past decade and on 1 December announced the “eps accre ...

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Essentra (December 2023)

Essentra - New acquisition for just 5.3x EBITDA post synergies (November 2023)

Essentra - £5m reduction in costs (October 2023)

Essentra - Huge dividend growth expected from FY’24 (July 2023)

Essentra - Cluster buying by directors (May 2023)

Essentra - Outperforms early in a new cycle (January 2023)

Essentra (December 2022)

Essentra - Announces sale of filters; special dividend planned (November 2022)

Essentra (October 2022)

Essentra - Disposal of Packaging division (August 2022)

Essentra (July 2022)

Essentra - Strong start to 2022 (May 2022)

Essentra - Trading update drives chart breakout (February 2022)

Essentra - Industrial components and healthcare packaging firm to double eps by FY’23 (January 2022)

Essentra - Components and healthcare packaging firm on cusp of dramatic turnaround (December 2021)

Essentra (September 2015)

Essentra - Shares break through £10 (April 2015)

Essentra - Acquires Clondalkin for US$455m (December 2014)

Essentra - New strategy to be unveiled in November (October 2014)

Essentra - Further acquisitions expected (April 2014)

Essentra - £200m borrowing facility available for potential acquisitions (December 2013)

Essentra (September 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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