Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

292.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 25,943
  • Market Cap: £768.60m

Essentra to sell speciality tapes business for £61m

By Michele Maatouk

Date: Thursday 20 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Essentra has agreed to sell its speciality tapes business to subsidiaries of OpenGate for around £61m.
The FTSE 250 plastic and fibre products supplier said proceeds from the sale will be used \"to further strengthen\" its balance sheet.

For the year ended 31 December 2018, the pro-forma operating profit of the business was £7.8m. Of this, around £4.9m was reported under the specialist components division and £2.9m relating to the speciality tapes express distribution locations in the US was reported under the components division. As at 31 December 2018, the business had gross assets of £54.6m.

Chief executive Paul Forman said: \"The sale of speciality tapes represents another significant move in the simplification of our portfolio.

\"With OpenGate having the investment resource to build on the unique capabilities of speciality tapes and to further diversify its end-market exposure, the transaction both represents good value for Essentra\'s shareholders and provides the business with a strong platform for future successful growth.\"

Email this article to a friend

or share it with one of these popular networks:


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 292.00p
Change Today -2.00p
% Change -0.68 %
52 Week High 449.00
52 Week Low 206.80
Volume 25,943
Shares Issued 263.22m
Market Cap £768.60m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average4.09% below the market average
0.92% above the sector average0.92% above the sector average0.92% above the sector average0.92% above the sector average0.92% above the sector average
Price Trend
44.12% below the market average44.12% below the market average44.12% below the market average44.12% below the market average44.12% below the market average
43.86% below the sector average43.86% below the sector average43.86% below the sector average43.86% below the sector average43.86% below the sector average
Income
14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average14.29% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
38.07% below the market average38.07% below the market average38.07% below the market average38.07% below the market average38.07% 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 29-May-2020

Time Volume / Share Price
11:49 226 @ 292.00p
11:49 2 @ 292.40p
11:41 1,250 @ 292.50p
11:39 19 @ 292.60p
11:33 2,098 @ 291.20p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

Top of Page