Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

419.80p
   
  • Change Today:
    -4.00p
  • 52 Week High: 442.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.16m
  • Volume: 265,773
  • Market Cap: £1,104.73m
  • Beta: 0.01

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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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 419.80p
Change Today -4.00p
% Change -0.94 %
52 Week High 442.00
52 Week Low 325.40
Volume 265,773
Shares Issued 263.16m
Market Cap £1,104.73m
Beta 0.01

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.92% below the market average67.92% below the market average67.92% below the market average67.92% below the market average67.92% below the market average
52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average
Price Trend
3.66% above the market average3.66% above the market average3.66% above the market average3.66% above the market average3.66% above the market average
10.24% above the sector average10.24% above the sector average10.24% above the sector average10.24% above the sector average10.24% above the sector average
Income
45.72% above the market average45.72% above the market average45.72% above the market average45.72% above the market average45.72% 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
68.06% below the market average68.06% below the market average68.06% below the market average68.06% below the market average68.06% below the market average
72.88% below the sector average72.88% below the sector average72.88% below the sector average72.88% below the sector average72.88% 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 18-Oct-2019

Time Volume / Share Price
16:35 156,677 @ 419.80p
16:28 185 @ 419.80p
16:28 11 @ 420.07p
16:27 106 @ 420.00p
16:26 13 @ 419.80p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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