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Still liking Essentra into 2022

By Chris Bailey of Financial Orbit | Friday 7 January 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I see that Aston Martin Lagonda (AML) observed this morning that its “year-end cash balance of c.£420 million, higher than previously anticipated…”.  That is no disaster for the car company but given its lack of conventional profitability, there will still be a lot to appraise at their formal numbers on the 24th February.  The shares might be up 3% today but they are still down by more than 25% during the last year.  Even though Formula 1 fans might regard the company as offering a lot of sales growth potential, personally I am not excited, even if it claims their DBX brand achieved ‘about 20% share of the luxury SUV market’.  A company owned by the rich, for the rich is never the easiest holding, especially as it has gone bust a number of times before historically.  It remains a clear avoid for me. 

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