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Primary Recommendations

Essentra - Plans one acquisition every six months

May 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:
  • 202p
Judges Scientific (JDG; 9960p) is an old friend to SCSW and its shares have just attained a lofty new high of over £100. One of the things that has always struck me about that business, a buy-and-build in the scientific instrumentation space, is chairman David Cicurel’s huge aversion to issuing new shares; he always prefers to pay cash for acquisitions because the businesses it buys tend to be cash generative. I still remember in my last full profile back in May 2015 at 1463p, I quoted him saying to me, “the best deal I can do for shareholders is to buy the biggest instrumentation company that I can for cash.” One promising a similar strategy of buying for cash is Essentra. It was spun out of FTSE-100 listed Bunzl 18 years ago but ...

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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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