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Essentra

September 2013

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:
  • 830p
Essentra, which recently changed its name from Filtrona, has powered ahead to a new high of 839p, a pleasant 274p ahead of our recommendation price.The latest surge from this maker of plastic, fibre and foam components reflects forecast beating results for the six months to 30 June, in which revenues, pretax profit and eps rose 18%, 25% and 21% respectively. Adjusted operating margins increased 0.5% to 17%, while net debt rose from £164m to £212m reflecting recent acquisitions and higher dividend payments. In Component & Protection, which supplies plastic and metal components, such as plugs, threads, fasteners and cable ties, operating profit rose 15% to £28.5m. Its range of components increased by 2,000 to 24,000 bo ...

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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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