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Pin to quick picksEssentra Share News (ESNT)

Share Price Information for Essentra (ESNT)

London Stock Exchange
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Share Price: 164.60
Bid: 165.40
Ask: 165.80
Change: -6.40 (-3.74%)
Spread: 0.40 (0.242%)
Open: 171.00
High: 171.80
Low: 164.60
Prev. Close: 171.00
ESNT Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: Travel Stocks Wobble On Lockdown Fears

Fri, 18th Sep 2020 10:56

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 100 - WINNERS

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Fresnillo, up 4.3% The Mexican gold miner was tracking the price of the precious metal higher, quoted at USD1,955.00 in London on Friday, up from USD1,946.60 late Thursday.

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FTSE 100 - LOSERS

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International Consolidated Airlines, down 10%. Travel stocks were lower on lockdown fears. A second national lockdown to curb the spread of coronavirus has not been ruled out but the "great hope" is that people will heed current advice to help manage a "very serious" situation, the UK's health secretary has said. Michael Hewson at CMC Markets said: "Talk of new localised and targeted lockdowns, as well as curfews and quarantines appear to be becoming more commonplace, raising concerns about the resilience of the recovery we've seen thus far across Europe...Travel stocks are also coming under pressure again on the back of talks of new lockdowns, quarantines and curfews with IAG and easyJet leading the fallers." easyJet was down 7.3%.

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FTSE 250 - WINNERS

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John Laing Group, up 5.1%. The infrastructure investor said it has agreed to sell its entire 30% stake in a UK rail programme for up to GBP421 million in cash. The sale consideration represents a strong uplift on the GBP333 million valuation of the stake as at June 30, John Laing noted. The transaction will complete in two stages. The first stage, which represents the sale of a 15% interest in the rail programme, will generate GBP203.4 million for John Laing. The remaining 15% interest will take place up to 12 months later at John Laing's election and will generate up to GBP217.6 million. John Laing said it will return 5% to 10% of gross proceeds from the sale to investors on an annual basis, as per the company's dividend policy.

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FTSE 250 - LOSERS

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Essentra, down 8.3%. The plastics and fibre products maker has raised GBP100 million through an share sale, which will go towards the acquisition of North Carolina-based 3C! Packaging, which provides packaging and labels with a pharmaceutical focus. Essentra issued a total of 38.5 million shares through a placing, subscription and PrimaryBid retail offer at a price of 260 pence, reflecting a discount of 8.8% to Essentra's closing price on Thursday of 285.00p. Essentra issued 37.2 million shares through a placing conducted by Jefferies International and Peel Hunt. In the PrimaryBid offer, 1.2 million shares were issued, and several directors took part in the subscription of 88,459 shares. The total amount of shares issued represents around 15% of Essentra's share capital before the fundraise.

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OTHER MAIN MARKET AND AIM - LOSERS

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TT Electronics, down 7.5% at 196.03 pence. The manufacturer of electronic components said it has raised GBP20 million under a discounted share placing to part-fund the acquisition of US-based designer and manufacturer of power and electro-magnetic assemblies Torotel. The company has issued 10 million shares at 200 pence each, a 5.7% discount to Thursday's closing share price of 212 pence each. The placing represents 6.1% of the company's existing issued share capital. TT Electronics said Chair Warren Tucker bought 37,500 shares, Chief Executive Officer Richard Tyson 15,000 shares and Chief Financial Officer Mark Hoad 25,000 shares under the placing. Non-Executive Director Anne Thorburn bought 15,000 shares. The company on Thursday had announced the deal to buy Torotel for USD43.4 million and simultaneously launched a share placing to part fund the acquisition.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Essentra sells Porous Technologies business

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1 Aug 2016 09:49

Monday broker round-up

(ShareCast News) - Thomas Cook: Berenberg reiterates hol d with a target price of 60p. Diageo: JP Morgan maintains overweight with a 2400p target. Indivior: Jefferies reiterates buy with a 330p target. Anglo American: HSBC stays at hold with a 930p target. Just Eat: UBS keeps at sell with a targ

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29 Jul 2016 07:42

Market challenges lead Essentra earnings lower

(ShareCast News) - Essentra posted its first half results for the six months to 30 June on Friday, with revenue broadly unchanged at £545m, although that was a 7% reduction on a like-for-like basis. The FTSE 100 firm saw adjusted operating profit drop 18% at constant currencies to £70m, while its ad

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29 Jul 2016 07:09

TOP NEWS: Essentra Shares Fall On Expectations For Profit Drop In 2016

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Tuesday broker round-up

(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ

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Friday broker round-up

(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:

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Friday broker round-up

(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 160p. Glencore: JP Morgan keeps at neutral with a 150p target. Home Retail: HSBC stays at hold with a target price of 165p. Booker: HSBC keeps at buy with a target of 230p. Safestore: Berenberg stays at buy with a target pr

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BROKER RATINGS SUMMARY: Deutsche Bank Says Sell PageGroup And Hays

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