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I'm happy with the results.
considering the state of the world economy at the moment this is a solid performance with plenty of upside to come as the economy recovers.
look forward to seeing further aquisitions in the near future.
i am adding.
Saw this buy on digi
Today they are 162p my bep 232p
October 2023 low 144p
Notes on ( D ) and posted here on return of capital in April 2023.
31/12/21 *357p high
21/9/20 Buy 245p
18/9/20 Buy 259p
Https://x.com/secretprivatei1/status/1744752196753715484?t=q8rOMJwcXU58xleBjtxy_A&s=08
What's happening sudden jump 1.60 to 1.80?
I recently started tracking Essentra and I'm wondering what other people think of the company and management team as the increase in short positions doesn't bring much inspiration.
I'm also wondering what is the cause of the delayed buyback, could it be that the company thinks the SP will drop in the next months?
Hello Pete, thank you for your posts. Very few posts recently. Essentra was my first trade since opening a trading account. I bought in just in time for the special dividend. All looked good especially with the buyback program. Unfortunately, for whatever reason, the sp has dropped since and I too have been selling gradually at a loss in order to invest in other companies. I will hold onto a few for a little longer but very disappointing.
Good luck with your other investments.
This company is not going to learn. Its buyback is woeful!!!
It’s CEO and BoD need to find a buyer as they don’t know what they are doing and are inept!!
I am finally out, I only made a small profit after the big special divi, since then I have being slowly selling, most went at 180p, the rest at 167p, with final 5,000 shares today at a small loss at 155p. Shame on you board of inept directors you couldn’t sell ice to the Eskimos!!!
Sack Peel please CEO. Why is it that when the sp is low and there are above 400,000 shares being sold, that Peel Hunt cannot be buying at least 100,000 every trading day? They should look at DEC buybacks when they are doing over 1 million shares buyback on trading days!!
Pull your finger out Peel Hunt and use 10 million pounds on buyback before Christmas and get the sp up to £2.!!!!!!!!!!
Why oh why can’t Peel Hunt buy shares. Yesterday there was over 3 million shares traded. Probably around 1.5 million sold, BUT yet Peel Hunt can only buy 40,000!! Pathetic, sack them for being inept and not buying 200,000 per trading day!! It will be December 2025 at this rate before the buyback is complete or ESNT have been taken over in 2924!!!
After reading GM notes and the share buyback update. I am disgusted as a shareholder that Peel Hunt are not buying 200,000 shares each trading day of the week? Sometimes they manage to buy a frivolous 14,000 shares, sometimes none. But yet last week a buyer bought 2 million on one day? To date they have only bought back 12 million, it should be double that! Replace Peel Hunt with a better broker!!!! Get the sp back up to £2 and pull your finger out BoD.
Recommendation to BUY in 13th Oct. Thank goodness I sold on the 12th.
A small amount
BUT, very disappointing to see a lack of BOD buying at these levels?.
Large buys just gone through (Circa £2 mil). Shorts,closing, at a guess.
Peel Hunt are woeful with shares being sold everyday above 200,000 since divi paid. But yet they have spent only 20 million of the 60 million and they should be hoovering up 150,000 shares per day at this price! Yet they buy only 28,000?? Why?? The 40 million should be paid out as a special divi!!! The AGM and announcement of this years next divi will be soon and what then for the 30 million leftovers from buyback , I as a CEO would have replaced Peel Hunt with a fit for for purpose broker, they have allowed 30+ million cheap shares to be missed!!!
Why no share buyback RNS for days?? Peel Hunt should be sacked and replaced. If the BoD gave me £60 million I could do a better job at buying 100,000 shares per day!!!
Something's happening....
Just wondering why the uptick all of a sudden, then I realised that there is a HUGE buy just gone through!
12-Jul-23 12:44:24 162.00 60,000 Buy* 161.40 162.20 97.20k
I've now topped up...and you?
What has happened to the buyback no buying at all for days ???
Agree with all that.
Personnlay I am holding, if the 3 x divi cover is met then happy days
Peel hunt- there job is not to drive the sp higher but to get as many shares for the money as possible, just as our job is to get them as cheap as possible.
in my opinion they are doing what they are being paid to do.
as for the amount they are buying well they can't buy what's not for sale can they.
Agree partially sstarski. I think they are trying to move it lower to hit stop losses and scare PI’s into selling! But Perl Hunt have £60 million to spend, so far only around £7 million spent at this rate will take until December !! They need to buy and push the so up as intended to 220p. Or is there a M&A or sellout on the cards??
I have been watching this and personally I think Peel Hunt are struggling to get shares in the open market, it appears that the price is moving downward to try and either trigger stop losses or spook small investors into releasing.
There is always an argument that share buy backs are a little like burning money until the next set of financial results come in and you hopefully see improved metrics.
SOMETHING not right! Why are PeelHunt not buying 150,000 shares a day at this price???
Something wrong? Or are there plays for a cheap takeover or merger and acquisition???
Something not right!!!