Essentra (ESNT)

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Support

Index:

FTSE 250

365.40p
   
  • Change Today:
    -12.00p
  • 52 Week High: 449.00
  • 52 Week Low: 364.00
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 311,867
  • Market Cap: £961.65m

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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 365.40p
Change Today -12.00p
% Change -3.18 %
52 Week High 449.00
52 Week Low 364.00
Volume 311,867
Shares Issued 263.18m
Market Cap £961.65m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.99% below the market average39.99% below the market average39.99% below the market average39.99% below the market average39.99% below the market average
25.66% below the sector average25.66% below the sector average25.66% below the sector average25.66% below the sector average25.66% below the sector average
Price Trend
35.62% below the market average35.62% below the market average35.62% below the market average35.62% below the market average35.62% below the market average
42.15% below the sector average42.15% below the sector average42.15% below the sector average42.15% below the sector average42.15% below the sector average
Income
65.45% above the market average65.45% above the market average65.45% above the market average65.45% above the market average65.45% above the market average
67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average
Growth
66.75% below the market average66.75% below the market average66.75% below the market average66.75% below the market average66.75% below the market average
74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average74.55% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_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 26-Feb-2020

Time Volume / Share Price
17:08 3,000 @ 365.40p
16:35 109,550 @ 365.40p
16:29 71 @ 365.60p
16:29 23 @ 365.60p
16:29 57 @ 365.60p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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