Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

423.80p
   
  • Change Today:
    -5.40p
  • 52 Week High: 442.00p
  • 52 Week Low: 325.40p
  • Currency: UK Pounds
  • Shares Issued: 263.16m
  • Volume: 291,712
  • Market Cap: £1,115.26m
  • Beta: 0.01

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 423.80p
Change Today -5.40p
% Change -1.26 %
52 Week High 442.00p
52 Week Low 325.40p
Volume 291,712
Shares Issued 263.16m
Market Cap £1,115.26m
Beta 0.01

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.92% below the market average67.92% below the market average67.92% below the market average67.92% below the market average67.92% below the market average
52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average
Price Trend
3.66% above the market average3.66% above the market average3.66% above the market average3.66% above the market average3.66% above the market average
10.24% above the sector average10.24% above the sector average10.24% above the sector average10.24% above the sector average10.24% above the sector average
Income
45.72% above the market average45.72% above the market average45.72% above the market average45.72% above the market average45.72% above the market average
39.33% above the sector average39.33% above the sector average39.33% above the sector average39.33% above the sector average39.33% above the sector average
Growth
68.06% below the market average68.06% below the market average68.06% below the market average68.06% below the market average68.06% below the market average
72.88% below the sector average72.88% below the sector average72.88% below the sector average72.88% below the sector average72.88% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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 17-Oct-2019

Time Volume / Share Price
16:35 139,345 @ 423.80p
16:29 182 @ 423.80p
16:29 9 @ 424.00p
16:29 8 @ 424.00p
16:29 2 @ 424.00p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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