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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Essentra

December 2023

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:
  • 155p
Essentra’s third quarter update revealed a slight improvement in trading with like-for-like revenues of -7.1% during the quarter (versus -11.9% in H1). Europe Middle East & Africa softened reflecting weak business surveys, the Americas saw further de-stocking while Asia Pacific recovery remains slow due to weakness in China. That said, operating margins remain strong with all regions maintaining robust pricing and disciplined cost management. The BMP Tappi acquisition is about to close shortly. Broker RBC has nudged down eps forecasts to 10.3p and 11.8p for FY’23 and ‘24. With just 4% market share in a US$8bn-US$10bn market, strong manufacturing and distribution capability and 18% medium term margin target (versus 12.7% ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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