Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

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416.00p
   
  • Change Today:
      5.20p
  • 52 Week High: 507.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.07m
  • Volume: 624,709
  • Market Cap: £1,094.36m
  • Beta: 0.01

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 416.00p
Change Today 5.20p
% Change 1.27 %
52 Week High 507.00
52 Week Low 325.40
Volume 624,709
Shares Issued 263.07m
Market Cap £1,094.36m
Beta 0.01

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.7% below the market average74.7% below the market average74.7% below the market average74.7% below the market average74.7% below the market average
61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average
Price Trend
7.79% below the market average7.79% below the market average7.79% below the market average7.79% below the market average7.79% below the market average
12.98% below the sector average12.98% below the sector average12.98% below the sector average12.98% below the sector average12.98% below the sector average
Income
51.99% above the market average51.99% above the market average51.99% above the market average51.99% above the market average51.99% above the market average
43.82% above the sector average43.82% above the sector average43.82% above the sector average43.82% above the sector average43.82% above the sector average
Growth
67.01% below the market average67.01% below the market average67.01% below the market average67.01% below the market average67.01% below the market average
68.6% below the sector average68.6% below the sector average68.6% below the sector average68.6% below the sector average68.6% 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
  Final Interim
Ex-Div 25-Apr-19 27-Sep-18
Paid 03-Jun-19 31-Oct-18
Amount 14.40p 6.30p

Trades for 14-Jun-2019

Time Volume / Share Price
16:35 64,982 @ 416.00p
16:33 950 @ 415.74p
16:33 950 @ 415.74p
16:33 950 @ 413.48p
16:33 950 @ 413.48p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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