Ripley94
21 Jan 2020
Risk re-categorization ( D ) ESNT… XXXX Risk re-categorization upgrade ( x2 !! ) D to B.
paul1945
19 Apr 2018
BUY PEEL H TARGET 550P
EssentialInvestor
15 Apr 2018
Re: Telegraph- Questor Thanks for that nk.Posted something similar last week on another financial site-the current SP now looks more interesting, and ESNT is at least worth watching.I found the SP close to £6 hard to reconcile with an early stage recovery/growth play,which I also mentioned at the time,clicked a Buy here on a medium term basis, 2-3 years approx.There has been some comment Paul Forman may not have achieved a great deal at Coates PLC, and my own take is that is very harsh. At Coates he drove forward profitabilityand in particular cash flow. Ironically his tenure largely missed the subsequent significant re-rating as the market belatedly reappraised COA.As always all IMV only, please DYOR.
nk1999
15 Apr 2018
Telegraph- Questor Extracts:"....... it was once part of Bunzl – distributor of everything from paper napkins to rubber gloves – until it was demerged in 2005, and used to go by the name of Filtrona until the branding experts were let loose..............Since Forman took the helm in early 2017, Essentra shares have risen by as much as a quarter but are now trading at less than when he arrived, giving the business a £1.1bn market value. There are some old hands on the board including Terry Twigger, the former Meggitt aerospace boss. The turnaround is being closely monitored by chairman Paul Lester, a veteran of VT Group and Balfour Beatty.Essentra has three divisions, and trading across them is mixed. Components, which makes low-cost plastic and metal items including plugs, fasteners and flange protectors for the construction, manufacturing and electronics industries, was the only division to grow last year, at 8pc.The star performer was the pipe protection technologies unit, which serves the oil and gas industry and is benefiting from a rising rig count in America. Company watchers at Peel Hunt, the broker, are upbeat about the division’s prospects given stronger global growth, even though margins have narrowed slightly because of increased investment.Cigarette filters declined by 3pc as Essentra passed through raw materials savings to customers. The tobacco-loving Chinese market is recovering and Essentra is trying to make progress in speciality markets including “heat-not-burn” technology.The problem child is the health and personal care unit, which makes cartons and tamper proofing. Sales fell by 8pc last year and profits dropped by 80pc to £7.2m. It is suffering from inherited poor integration planning and weak customer service. A gift boxes factory in Newport lost £4.5m last year and has been closed.The hurricanes that last autumn struck Puerto Rico and the US – where Essentra has plants – will damage profits by up to £2m, net of any insurance recovery, and further soured the mood. However, trading is forecast to turn positive again in the second half of this year after deals were signed with some global healthcare providers.At the time of annual results in early March, analysts at Deutsche, Essentra’s joint broker, said they expected low single-digit cuts to consensus earnings forecasts because of a foreign exchange drag, but raised hopes of recovery. The shares yield about 5pc and look attractive, but the dividend is unlikely to grow this year or next as Forman works through the group’s problems.It is one to watch but because the shares are trading at 16 times this year’s forecast earnings, Essentra is still not cheap despite recent declines.Questor says: holdTicker: ESNTShare price at close: 421.2p"
nk1999
13 Apr 2018
Re: Added today Update due on the AGM day on 19/4, I think.nk
EssentialInvestor
13 Apr 2018
Re: Added today And again bought this morning's dip.Update next week, from memory. Please DYOR-.
EssentialInvestor
09 Apr 2018
Added today Strategy appears to be, grow the components division.Lots left to do on the packaging side of the business- that's an understatement!.The recent conference call and the 2017 strategy review provide a lot of detail.As always all just IMV , please DYOR-.
EssentialInvestor
01 Apr 2018
Any views..? I belatedly watched the results conference call and Q&A yesterday,and this looks worth watching imv, particularly given recent SP weakness.The CEO keeps buying I notice.
II Editor
15 Jan 2018
NEW ARTICLE: Dividend warning: Are these big yields a trap? "Those on the hunt for high yields at the start of 2018 need to tread carefully, as some income promises will inevitably not be kept.High dividend yields look attractive on paper, but should be treated with a healthy dose of scepticism. As share ..."[link]
nk1999
24 Oct 2017
Peel Hunt From Citywire:"Essentra blown off track by hurricane, says Peel HuntPlastic products maker Essentra (ESNT) has calculated the cost of damage from hurricane Maria at its Puerto Rico sites which will hurt full-year results by more than expected, says Peel Hunt. Analyst Charles Hall retained his ‘add’ recommendation and target price of 585p on the stock, which was trading up 1.7%, or 8.75p, at 511p after a third quarter trading statement.This showed like-for-like growth was ‘modestly positive’ at 1-2%, compared to -4% in the first half of the year. However, the bill of repairing hurricane damage was higher than expected. ‘The company has quantified the hurricanes impact at £1.7 million to £2.5 million – before insurance recovery – thus far, which is likely to result in a slightly higher full-year impact than our initial forecast of £3 million,’ said Hall. ‘As a result we are reducing our 2017 forecast by £1 million, but make no change to 2018. The underlying performance continues to improve, albeit this year’s numbers are being held back by the hurricane impact.’ "
nk1999
01 Oct 2017
Peel Hunt From Citywire on 26/09:"Hurricane impact at Essentra will be short term, says Peel HuntRecent hurricanes have affected the Houston and Puerto Rico operations of plastic products maker Essentra (ESNT) but Peel Hunt expects the impact to be short term. Analyst Charles Hall retained his ‘add’ recommendation and target price of 585p on the stock, which was trading down 2%, or 10p, at 495p at the time of writing. Hall said the extent of the damage was ‘relatively limited’, with the main issues being around loss of power and employee welfare. ‘The company expects the impact to be £500,000-£1 million in Houston and the costs in Puerto Rico are running at £500,000-£750,000 per week, albeit a significant part will be covered by insurance,’ he said. ‘The company will be looking at contingency plans although this will depend on customers’ decisions. We assume the issues will take a number of weeks to resolve and so are reducing our 2017 estimates by £3 million to £76.4 million but make no changes to future years.’ "
Jackfrui
04 Mar 2017
Re: Director dealings nk, I think these little share sales are just to fund the tax liability on annual stock grants and nothing more.
nk1999
03 Mar 2017
Director dealings Lots of news items since yesterday, showing partial sales of shares by a number of directors.Does not fill you with confidence in this company. The volumes sold seem to be small though.nk
nk1999
27 Feb 2017
Deutsche From ADVFN:"Packaging and filter products producer Essentra was on the front foot on Monday as Deutsche Bank bumped its rating up to 'buy' from 'hold' and hiked the price target to 600p from 425p.Deutsche said it did not have enough conviction to turn positive on the stock after the profit warning in January, but chief executive Paul Forman has now spent more than 50 days in the role and his message remains that the issues are mainly self-inflicted and can be reversed.DB noted the Porous disposal is said to be on track and so leverage is robust."Following the strong re-rating, better entry points might be possible but we believe Essentra offers a classic medium-term self-help story and upgrade to buy."However, the bank cut its forecasts to reflect a more gradual recovery. It reduced its estimate for 2018 earnings before interest, tax and amortisation to £102m from £111m."We believe in a bounce-back at HPC packaging: first margins improving as double costing falls out (2018E-beyond); followed by revenue growth, which, in our view, can take longer (H2-18E, 2019E). Investors in the story should also keep in mind the trends in the other businesses comprising the Group, most of which also had a weak 2016, thus recovery should not be taken for granted."Earlier this month, Essentra posted better-than-expected full-year earnings and maintained its dividend payout, but guided towards lower sales and profits in 2017."
nk1999
21 Feb 2017
Something going on? SP up again ~5% today. Any news/ rumour?nk
