Updates

Essentra - Strong start to 2022

May 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

I added Essentra (a front-page write-up in January ‘22), to Trader Portfolio 2 the following month at 314p and the shares have more than held their own in a wobbly market. Final results showed CEO Paul Forman’s turnaround on track, with sales, operating profit and eps ahead 8%, 47% and 55%, respectively, to £960m, £84m and 18.2p. Net debt / EBITDA was 1.5x.Components (caps, cable ties, plugs) increased sales 22% and operating margin 1% to 18.9%, leading to a sparkling 31% gain in profit to £56.9m. Several increases in price, including c. 6% in Q4, reflects its market leading position.In Packaging, (second largest maker of secondary health packaging such as outer boxes, booklet tables, self-adhesive and syringe labels), under ...

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Essentra (December 2023)

Essentra - New acquisition for just 5.3x EBITDA post synergies (November 2023)

Essentra - £5m reduction in costs (October 2023)

Essentra - Huge dividend growth expected from FY’24 (July 2023)

Essentra - Cluster buying by directors (May 2023)

Essentra (March 2023)

Essentra - Outperforms early in a new cycle (January 2023)

Essentra (December 2022)

Essentra - Announces sale of filters; special dividend planned (November 2022)

Essentra (October 2022)

Essentra - Disposal of Packaging division (August 2022)

Essentra (July 2022)

Essentra - Trading update drives chart breakout (February 2022)

Essentra - Industrial components and healthcare packaging firm to double eps by FY’23 (January 2022)

Essentra - Components and healthcare packaging firm on cusp of dramatic turnaround (December 2021)

Essentra (September 2015)

Essentra - Shares break through £10 (April 2015)

Essentra - Acquires Clondalkin for US$455m (December 2014)

Essentra - New strategy to be unveiled in November (October 2014)

Essentra - Further acquisitions expected (April 2014)

Essentra - £200m borrowing facility available for potential acquisitions (December 2013)

Essentra (September 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Essentra - Strong start to 2022

May 2022

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