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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Essentra - New strategy to be unveiled in November

October 2014

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.

  • Epic Code:
  • ESNT
  • Price:
  • 845p
Shares in Essentra, which makes small but essential components from plastic, fibre and foam, have soared from our 556p buy tip in February ’13 to the current 845p. Interims showed revenues, pretax profit and eps growing 20%, 16% and 15% to £431m, £64.2m and 20.3p respectively and should galvanise further advances. Components & protection solutions, which supplies plastic and metal components such as plugs, threads, fasteners and cable ties, increased operating profit 14% to £32.5m thanks to better trading in Europe and integration of five businesses to a single brand. This division also made two bolt-on acquisitions; Mesan, a Turkish maker of locks, hinges and latches and Dakota, which makes folded cartons for the pharmac ...

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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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