Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

301.00p
   
  • Change Today:
      0.40p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 301.68m
  • Volume: 283,219
  • Market Cap: £908.06m

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.\"

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Essentra Market Data

Currency UK Pounds
Share Price 301.00p
Change Today 0.40p
% Change 0.13 %
52 Week High 449.00
52 Week Low 206.80
Volume 283,219
Shares Issued 301.68m
Market Cap £908.06m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.31% below the market average8.31% below the market average8.31% below the market average8.31% below the market average8.31% 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
46.92% below the market average46.92% below the market average46.92% below the market average46.92% below the market average46.92% below the market average
37.39% below the sector average37.39% below the sector average37.39% below the sector average37.39% below the sector average37.39% below the sector average
Income
25.86% below the market average25.86% below the market average25.86% below the market average25.86% below the market average25.86% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
21.55% below the market average21.55% below the market average21.55% below the market average21.55% below the market average21.55% below the market average
40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
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 25-Nov-2020

Time Volume / Share Price
14:47 10 @ 300.60p
16:35 119,621 @ 301.00p
16:29 64 @ 301.60p
16:29 87 @ 301.60p
16:29 119 @ 301.60p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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