Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

323.60p
   
  • Change Today:
      15.20p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 151,791
  • Market Cap: £851.78m

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Essentra sells PPT business to Texas-based National Oilwell Varco

By Michele Maatouk

Date: Monday 14 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Plastic and fibre products supplier Essentra has disposed of its Pipe Protection Technologies business to subsidiaries of Texas-based oil and gas equipment and components provider National Oilwell Varco.
Essentra said it plans to use the cash proceeds from the transaction, which values the PPT business at $48m (£38m), to further strengthen its balance sheet.

For the year to the end of December 2017, the PPT business - part of Essentra's Specialist Components division - delivered operating profit of £4.2m.

Chief executive Paul Forman said: "As we continue to assess our portfolio of businesses, it is clear that the unique capabilities of PPT can be better developed - both in terms of people and investment resource - by a third party with real strategic strength in the wider oil and gas industry.

"As a result, the transaction not only represents good value for Essentra's shareholders, but also provides our PPT business with a strong platform for future successful growth under the strategic ownership of NOV."

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Essentra Market Data

Currency UK Pounds
Share Price 323.60p
Change Today 15.20p
% Change 4.93 %
52 Week High 449.00
52 Week Low 206.80
Volume 151,791
Shares Issued 263.22m
Market Cap £851.78m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.9% below the market average4.9% below the market average4.9% below the market average4.9% below the market average4.9% below the market average
8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average
Price Trend
37.84% below the market average37.84% below the market average37.84% below the market average37.84% below the market average37.84% below the market average
35.09% below the sector average35.09% below the sector average35.09% below the sector average35.09% below the sector average35.09% below the sector average
Income
19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
38.39% below the market average38.39% below the market average38.39% below the market average38.39% below the market average38.39% below the market average
51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average51.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 05-Jun-2020

Time Volume / Share Price
16:36 650 @ 323.60p
16:35 53,215 @ 323.60p
16:28 93 @ 323.00p
16:28 29 @ 323.00p
16:28 127 @ 323.60p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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