Juices maker Essentially Group has floated so that it can use shares to make acquisitions and investments and potentially raise further cash to finance growth. Capital investment and greater scale will improve margins.
The manufacturing facility is in Dubai, and another is planned for Saudi Arabia. Management believes that the high levels of overweightness in the Middle East will lead to a move to more healthy eating. There are also taxes on sugar-based drinks.
The current share price is 52.5p (50p/55p). There do not appear to have been any trades.
It is difficult to work out why thi...
