Results: ESNT

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Essentra – after its presentation earlier this week, I am even more of a buyer

About six weeks ago I chatted about the future prospects for Essentra (ESNT), which is shifting from being a diversified Filters, Packaging and Components operator to “a unique business model, combining manufacturing and distribution, operating in a highly fragmented market” in just the Components area. And its ambition is “to be the world’s leading responsible hassle-free supplier of essential industrial components” and “to double revenue and triple operating profit”. It all sounds good, but does it mean the stock is still a buy or not?

By Chris Bailey
2022-11-18 12:22:32

NEWSFLOW

Essentra (#ESNT) – Q3 update, FY “adjusted operating profit remains in line with the board's expectations”

2022-10-21 07:42:53

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Essentra – corporate excitement really kicking off, still a Buy

Essentra (ESNT) has issued “Sale of Filters and Packaging Completion of Sale” and “Appointment of New Chief Executive”-titled announcements and the shares have responded up by more than 15% to above 210p – Mr Market says it sounds like good news then.

By Tom Winnifrith & Steve Moore
2022-10-05 16:44:00

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Interesting updates from Essentra and James Halstead

For me, any company with a market cap below £1 billion is a small cap and so a bit of small cap focus for me today, given updates from two corporate names I have mentioned before: Essentra (ESNT) and James Halstead (JHD).

By Chris Bailey
2022-10-03 11:55:25

NEWSFLOW

Essentra (#ESNT) – completes Packaging business sale, agrees Filters business sale for approx. £262.1m EV

2022-10-03 07:47:40

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Essentra – interims, corporate excitement upcoming

Essentra (ESNT) has announced results for the first half of 2022 and that it “continue to see strength in our order book, providing encouragement as we move into the second half”.

By Tom Winnifrith & Steve Moore
2022-09-16 09:19:28

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Essentra and its ongoing mega sensible shift “from a supplier to a partner”

I have been a medium-term fan of Essentra (ESNT), a “leading global provider of essential components and solutions”, for a while now. However, despite my continued enthusiasm in June, the stock continues to be down more than 25% year-to-date. What did today’s first half numbers tell us?

By Chris Bailey
2022-08-17 11:57:18

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Essentra – Packaging business sale agreement a “significant step” for the future?

Essentra (ESNT) has announced what it emphasises is “a significant step” to a future as a global leading manufacturer and distributor of components with a clear strategy and significant opportunities to accelerate growth and expand market share. This is with an agreed sale of its Packaging business.

By Tom Winnifrith & Steve Moore
2022-07-07 15:53:00

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Essentra announces stage one of its business simplification plan - a clear BUY

As noted HERE, I am a fan of Essentra (ESNT), the “hassle-free supplier of essential industrial components”. Is today's announcement - the company has “disposed of ESNT Packaging & Securing Solutions Limited, Essentra Packaging US Inc, and their respective subsidiary companies to Mayr-Melnhof Group, a leading producer of carton based in Austria, for a cash consideration of £312 million, on a cash-free, debt-free basis and subject to customary adjustments” - good or bad news, then?