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FRIDAY is your last chance.
SP likely to drop Monday by 30p but there is a Buyback announcement on the 22nd.
so following the downward trend from 211p to 205p. SP Monday could be 175p
or should a charge of buyers fall over Essentra 240p Friday & 210p Monday
Buyback could go either way +/- 10%. Pure guess as these times are mostly negative.
BUY & hold seems the best way & let the share buyback run its course.
Good luck to holders & buyers. Hopefully the SP can rise above 300p soon.
@Chumba - Did you remortgage the house at 220? Have you done anything now at 211?
Well somebody disagrees. Nice £245,000 buy at 2.2204 at 12:18 today.
''· FY 2022 adjusted operating profit remains in line with the Board's expectations'' in the latest trading update, not sure what you mean? Can you expand
I was thinking of buying in for the special dividend but the results lookalike they will drag this down
Demand is now over double on the OB. Asking prices are going higher & HIGHER.
Could well be 230p at some point today.
Lots of BOT trades this morning. It looks like big investors are gonna pile in until this reaches 260p
Someone is having a moment. Those that can't wait are selling now.
Those that can - bargain time.
SP climb up expected this week.
Essentra is this months cherry topping.
Dividend aside - the share buyback programme announcement should popup on the 20th or 21st.
SP will pong & ping.
At some point it's sure to climb to 300p this year.
From the RNS:
The Board intends to initiate a share buyback programme of approximately £60m (the "Share Buyback"), which is expected to commence following the release of the full year results on 22 March 2023.
...and that's 26.7M shares to be purchased. There's only 302M shares in issue.
Another GOLDEN TICKET is Essentra.
It will recover to the price before the xd date
Hopefully we'll see a gradual rise of another ~7% up to about a week before the 17th March and with such a large dividend as this it will then drop like a stone. But I am banking on the rise between now and the 17th to mitigate the fall.
£150 m split £90m dividend and £60 m buyback. With a share price of £2.40 its a 12% + return. Can someone help me with the what they predict the share price should come out at after the dividend and buyback. I had a look at the YTD share price £2.12 now it is £2.40 to buy approx. for me this factors in the dividend already.
Let it drop to 220 and I'll re-mortgage the house!
yes it does seem very strange to me as well.
they kept the best and most profitable part of the business and are expanding it.
I really can't understand how prices are still at this level, with a guaranteed dividend of 30p per share (almost 12.5% at current levels) and a share buyback surely the downside risk is limited!
Don't worry, worked for essentra a long time. Some of the clowns at Milton Keynes will be rubbing their sticky mits ready for this .
Am I missing something obvious here? The rns stars a return to shareholders of £150m. It does equate to around 49pps?
I believe the sale concludes before th 31st Jan and that whilst there the intention to return £150M to shareholders it has to be ratified at the AGM.
With a payment,based on current shares, being 49p a share, I am at a loss as to why the SP is only £2.15 .
30p-34p ??? can i ask what your prediction is based on.
30p to 34p maybe
Assuming no consolidation, your figure of 49p per share is correct, I guess. Staggering level of payback, accompanied by debt reduction and pension contribution ... Seems too good to be true or IMO absolute bargain.
to be more precise as there are approx 302m shares in issue that would equate to 49p per share
with a market cap of 700m that would equate to somewhere between 45-50p per share.
for a 150m cash return to investors.
presuming they are not doing any share buybacks.
Seems it is still to go ahead despite Friday's results but only info I can find is vague mention of about 150mill sometime in Q1. Anyone any idea of how much per share and when paid ? Thnx