Established income payer with sound financial health and growth potential. Here is an infographic for Essentra (ESNT): [link]
Re: Great Rise At a guess, the Eurozone outlook ?[link] few of my investments with a strong European bias had good rises yesterday
Great Rise Anyone know why the gains today?
Re: Decent Results A summary from UK-Analyst:"Essentra (ESNT), the supplier of specialist plastic, fibre and foam products, grew adjusted pre-tax profits by 11% to 133.4 million pounds in 2014 on the back of revenues growing by 8%. The company put the good results down to product innovation, more sizeable business wins, expansion in existing and new markets, supported by further cost reduction and efficiency programmes. Essentra also announced the total dividend would be upped by 19% to 18.3p per share and that it has bought Australian plastic product distributer, Specialty Plastics, for an undisclosed cash consideration. Earlier in the week analysts at Deutsche Bank put a "buy" stance and 935p target on the shares, which finished the day up by 78p at 963p."
Re: Decent Results Have held ESNT since Filtrona days, the management have similar ideas about acquisition as their forebears from Bunzl. I think with their aspiration this remains a buy.
Decent Results Just had a quick skim throught the results. FX has, as you'd expect, had an impact. If you ignore the FX effect then the results look OK. The "adjusted for FX" numbers look really good and better than I'd expected.Wish I'd bought some more when we dropped below £7 now