Essentra Share Chat (ESNT)

Well i did double up at £1.34 as i thought that a 20% drop was ridiculous .

pleased i did now.

not surprised at directors buy's

Nobody on here seems to have mentioned the significant buys at 142p by three company directors after the Trading Update was released. There was clearly a market over-reaction.

Decent recovery since the open. Maybe the market over reacted to the trading update ... missed guidance on some targets but not by much ... imo

The SP is at a TEN-YEAR low isn't it?

Needs a blooming rocket not an EMA retracement

Think better

...

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

Very big dividend payed today the GBP150 million return plan
Thu, 2nd Feb 2023
Newly-trimmed down Essentra announces GBP150 million return plan
(Alliance News) - Essentra PLC on Thursday said it will press on with plans to return GBP150 million to shareholders following the disposals of its Filters and Packaging divisions.
Essentra shares were 5.3% higher at 230.50 pence each in London on Thursday morning.
The return will be done through a combination of a special dividend and a share buyback programme.
Essentra will return GBP90 million, around 29.8 pence per share, through the special payout. This will occur on April 27.
It also will kick off a GBP60 million buyback following the release of its annual results on March 22.
Essentra in December said it completed the sale of its filters arm. It sold Essentra Filter Holdings Ltd to a subsidiary of Centaury Management Ltd. The GBP200 million deal was first announced in October.

Back in June, the company said it had sold its Packaging arm to Mayr-Melnhof Group for GBP312 million. This sale was completed at the end of September.
By Eric Cunha, Alliance News news editor

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.

All,

This looks like a CEO and BoD play!!! Either they are looking at a new M&A and we don’t know? OR they are setting up ESNT fora takeover, with cheap shares, no debt, money in surplus and buybacks happening. THOUGH the buybacks are being poorly handled by Peel Hunt who should be buying around 200,000 -250,000 per day at £2 / share!!! Plus now when the sp is 185p why are they not taking advantage and buying 300,000/day???

Something not right!!!

After the 2 x 1 million share purchases after hours yesterday and Peel Hunt only buying back 50,000 the MM and II’ and PI’s are LTH and holding not selling, so should see 209p today and the price go above 215 next week, as investors see growth, profit and a steady share for the future and now streamlined and focused.! Someone is taking an interest!

Pacino - Great to hear you are up! Plus as it gets back to 215p we will all benefit! I will be buying as many as my special divi will allow at 27 April at below £2!!!!!!! Then bingo at 215 sell, win, win, win all round!!

Thanks Pete. I already hold and I’m at about break if you include the dividend. My plan at the moment is to hold to see the benefits of the buyback.

See the RNS. Running until 60 million spent, which should be around 100 working days and end of August/September time. Hold, hold, hold, the sp will get past 210 very soon! Especially with special divi paid on 27April and with people re-investing will see sp rocket to 215-220p by August!

Hi all, when does the buyback run until? I couldn’t find the full details, so if anyone has a link it would be appreciated!

Buy or hold to up the sp as Peel Hunt will buy 300,000 per day, at 197 and above from Monday! This will soon be back at 210p by middle to end of May! Hold for gold! Plus special divi payout on 27 April, let’s see how much is re-invested at lows of 198 to get in and stay until 228?

Buy if you can as this will go to 215p during share buy back! So an extra profit on special divi. This sp should be back to 230p soon! A well run company with a better structured and supply chain! Keep the faith, don’t sell cheap, let the Institutions and money markets sell back to Essentra! The sp will tick up as sharesdry up and they have to pay more to buyback at 201 / 203 and 210.

PI’s hold hold! Peel Hunt are buying up to 300,000 shares a day and need your shares! Let them buy from II’s and let’s see the price rise to 229p, just hold! Plus we are due a payment on 27 April, then another x divi in May! Patience and LTH to September/ October needed!

From January RNS.

FY 2022 PRE-CLOSE TRADING UPDATE

· On a continuing operations basis1, the Group expects to deliver full year like-for-like2 ("LFL") revenue growth of c.6.5%

· Disposal of Packaging and Filters divisions completed, realising Essentra's strategic goal of becoming a pure-play components business

· Q4 2022 continuing business revenue declined c.3.0% compared to Q4 2021, on a LFL trading day adjusted basis

· Pricing and proactive cost management actions have offset the Q4 volume decline profit impact

· Acquisition of the Wixroyd Group announced in December

· FY 2022 adjusted operating profit remains in line with the Board's expectations

· As previously guided, the Board confirms its intention to return approximately £150m to shareholders in the first quarter

Essentra plc, ("Essentra", or the "Company"), a leading global provider of essential components and solutions, today provides a pre-close trading update for the 12 months ended 31 December 2022.

On a continuing operations basis, the Group expects to deliver a robust financial performance with full year LFL revenue growth of c.6.5%. FY 2022 adjusted operating profit remains in line with the Board's expectations.

In Q4 2022, as anticipated, the business saw a period of slower global economic growth, with toughening market headwinds. Coupled with the strong comparative for the quarter, LFL trading day adjusted sales declined by c.3.0% compared to Q4 2021. Performance in Q4 has varied by region. The European business has continued to deliver growth at moderated levels, whilst the US business has faced greater headwinds, with signs of distributor destocking. Asia has seen a continuation of disrupted trading in China as a result of enforced lockdowns, with that disruption showing signs of abating through H1 2023 considering recent changes in policies.

Management remains confident in the business' ability to pass through price increases to offset cost inflation, and the underlying business operations remain strong. There continues to be an improvement in customer satisfaction and service levels through Essentra's ongoing focus on enhancing its hassle-free proposition.

Bought a few tho at the 13 year low.
Forget an them now...gla

Yes, but guidance was poor!!

Big buys are happening now. 282.4K shares just bought at 177.63936p

All LTH and PI’s and watch ESNT share buyback at 300,000 shares per day take the sp back to 240p, mainly from II and MM’s selling at higher prices, keep and hold u til August!

Full year results tomorrow & final dividend announcement + 60M share buyback.

Today just seen a 185K buy for 177p - can't be bad.
If this time next week SP is 500p I'll be "Skippy the Bush Kangaroo".
There's only hope, desperation or being financially clever.

Essentra will pay a special dividend of £90m, representing approximately 29.8 pence per ordinary share (the "Special Dividend"). The Company intends to pay the Special Dividend on 27 April 2023 to shareholders on the register of the Company as at 18:00 (UK time) on 21 March 2023. The ordinary shares will be marked ex-dividend on 20 March 20231. The Board also confirms its intention to recommend a final ordinary dividend for the financial year ended 31 December 2022, adjusted to the earnings of the continuing operations of the Group2. Details will be provided at the time of announcing the full year results on 22 March 2023

Read last trading statement, says 21st.

Went ex divi yesterday

Ex dividend today, so big drop tomorrow...

Well that was an interesting end to the day's trading with 1.93M shares disposed of by someone at 16:27 for £2.10 a share followed by significant volume of 1.08M in the closing auction at £2.14

Won't be that many holders who own at least 1.93M shares.

Looking at the company website the 12 largest shareholders (listed) own over 160M shares out of the 302M in issue. (not sure when that data was last updated)

Interesting to see what happens on Monday & then with the annual results on Wednesday. What will the normal dividend payment be ?

Given that the share price is going to drop to around £1.85 on Monday, the buy back program when it starts on wed/thurs is going to eat up a lot of shares. This £60M buy-back could end up reducing the number of shares in issue by 10% or more by the time it completes, unless there is a significant recover in the share price in the meantime.

That won't half boost next years eps etc.

LOTM

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?

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.

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