Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

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405.80p
   
  • Change Today:
      5.20p
  • 52 Week High: 473.20
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.08m
  • Volume: 643,353
  • Market Cap: £1,067.56m
  • Beta: 0.02

Essentra buys out Dubai joint venture partner in £11.6m deal

By Josh White

Date: Tuesday 19 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Essentra announced the acquisition of the 49% minority interest in its filters joint venture, Essentra MEA, from Aberdeen International, which is part of the BBM Bommidala group.
The FTSE 250 firm said the acquisition carried a cash consideration of £11.6m.

Essentra MEA is the holding company of Essentra FZE, which undertakes the company's filters activities in Dubai.

Since it was established in 2013, Essentra FZE had served the attractive markets of the Middle East with an "increasingly complex" range of special filters, the board explained, which had resulted in strong revenue and profit growth.

As the region continued to expand, Essentra said 100% ownership of Essentra FZE would allow it to further invest in additional capacity and to introduce new processes and products in Dubai, and to fully benefit from future potential volume and premiumisation opportunities.

"In successful partnership with BBM, Essentra FZE has grown considerably over the last six years as the demand for the special filters in the Middle East has increased," said chief executive Paul Forman.

"As this market trend is expected to be maintained, the acquisition of BBM's minority stake in the joint venture will allow us to expand the Dubai facility into a regional hub and to capture the full potential of this growth region for the benefit of Essentra shareholders."

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Essentra Market Data

Currency UK Pounds
Share Price 405.80p
Change Today 5.20p
% Change 1.30 %
52 Week High 473.20
52 Week Low 325.40
Volume 643,353
Shares Issued 263.08m
Market Cap £1,067.56m
Beta 0.02

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.49% below the market average65.49% below the market average65.49% below the market average65.49% below the market average65.49% below the market average
53.23% below the sector average53.23% below the sector average53.23% below the sector average53.23% below the sector average53.23% below the sector average
Price Trend
4.63% below the market average4.63% below the market average4.63% below the market average4.63% below the market average4.63% below the market average
13.18% above the sector average13.18% above the sector average13.18% above the sector average13.18% above the sector average13.18% above the sector average
Income
48.00% above the market average48.00% above the market average48.00% above the market average48.00% above the market average48.00% 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
67.48% below the market average67.48% below the market average67.48% below the market average67.48% below the market average67.48% below the market average
73.11% below the sector average73.11% below the sector average73.11% below the sector average73.11% below the sector average73.11% 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 21-Aug-2019

Time Volume / Share Price
16:35 50,063 @ 405.80p
16:29 13 @ 404.20p
16:29 11 @ 404.00p
16:29 22 @ 404.00p
16:29 13 @ 404.00p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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