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EnerSys (ENS)

NYSE - NYSE Delayed Price. Currency in USD
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76.92-0.42 (-0.54%)
At close: 4:00PM EDT
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  • G
    Graham
    $DF.TO conversation
    LONG POST WARNING #2
    @Bob On to the second question, “Is this why they did a public offering of shares to counteract their NAV increase?”

    A public offering is not made with the intention of “counteracting the NAV”, as you have questioned, though I am not sure exactly what you mean.

    One must ask: “How does a mutual fund manager make money?”. Its mostly from the management fee. The fee is typically expressed as a percentage or “ratio” of the total NAV, giving us the Management Expense Ratio (MER). For example, if the total NAV is $100M, and the MER is 1%, the fund managers make $1 million dollars. If they can increase the NAV to $200M, then their fees increase to $2 million dollars. Obviously, increasing the size of the fund is a primary goal of the managers.

    If the underlying assets increase in value, then the total NAV of the fund would increase.

    But another way to increase the total NAV is by selling new shares in the fund (public offering).
    This would most often be done while the fund is trading at a premium. That way the price of the offered shares could be set at a price above the NAV, even if the offered price is below the current market value. Any offering ABOVE the unit NAV price would have the effect of INCREASING the NAV (provided the premium is high enough to offset all the associated fees and expenses). Thus, the offering is considered to be “non-dilutive” to the unit NAV. Increasing the NAV is good for existing shareholders.

    The capital raised is then used to purchase more shares in the underlying companies, though some may be retained as cash, subject to the limitations laid out in the prospectus.

    Many investors will have a negative reaction to a public offering, and so you will typically see the share price drop in the short term. Usually after a public offering in a SSF the price bounces back, but that depends on market conditions. $ENS has done three offerings this year, and it bounced back each time and is now at 52-week highs.

    In the end, I personally view a public offering of a SSF I own as a good thing for the fund, and so a good thing for investors, despite the short-term drop in price.
  • K
    Kyle
    Is this the Enersys that Joe Manchin has roughly 71% of his holdings?
    Battery energy storage and recharging seems to be where the future is in this industry, both wrt autos and smallish consumers (grid fragility/fraility). Business offices with nearby acreage (fly-over country) have solar collectors in place. What technology is on horizon? (Name of trade journals?)
  • M
    Martin
    all market red except this one! Long and strong $ENS!
    Bullish
  • j
    jon
    $BLNK conversation
    I don't know why anybody would worry about the MANY ambulance chasers asking for "Investors who have suffered losses of $100,000 or more" (which tells me that they need clients and don't have any injuries)... Some law firms, if they are smart should sue all these other law firms for artificially driving down share prices, thus injuring great many more investors!!!

    I digress. What I want to talk about:

    BLNK is working with $ENS to build wireless charging at parking stalls that have front concrete dividers - if successful, could be huge! Imagine just driving to a parking stall, press a button to start charging within your car and poof!
    Bullish
  • T
    Tony
    Learn how the lithium-ion battery charging process benefits businesses now and in the future. Whether it is more efficiency, substantial cost savings...
    Learn how the lithium-ion battery charging process benefits businesses now and in the future. Whether it is more efficiency, substantial cost savings...
    www.fluxpower.com
  • L
    LALife
    ER good?
    Bullish
  • T
    Tony
    $ENS needs to catch up!
    Remember when the 1st generation of wide spread cell / mobile phones used nickel based batteries? Remember when cell / mobile phones universally converted to lithium based batteries? This was just 20-30 years ago and it was a GAME-CHANGER setting up the smart phone generation. This game-changing technology is now emerging and being adopted in material handling (lift lifts) and other motive power solutions as lead based batteries will be replaced by lithium based batteries. There are already 1,000’s of lithium based batteries powering lift trucks in the US; including Fortune 500 companies.

    Alternatives to LNG and lead based batteries like $ENS promote is the future – that is why $PLUG and $FLUX have emerged as game changing energy solutions.

    $PLUG is great for companies that have a large quantity of lift trucks at one location combined with high energy consumption. These ‘installations’ will require large infrastructure investment, typically in a parking lot, for hydrogen storage, pressurization, fueling, and long term commitment to the specific site installation, etc; often costing $100,000’s to set up. And sufficient room for frequent delivery of hydrogen.

    $FLUX is great for companies large and small. These lithium batteries are a plug and play retro-fit for lead based batteries. Really no drawback for lithium expect for the initial purchase cost of batteries. This higher purchase price over lead based batteries is easily off-set by lower total cost of ownership.

    Do I own $FLUX – of course – and you should too. And I am past shareholder of $PLUG and will be again in the future!
  • T
    Todd
    $FLUX conversation
    Flux Power announced today that it has signed a Master Purchase Agreement with a Fortune 500 heavy equipment company.
    Flux Power announced today that it has signed a Master Purchase Agreement with a Fortune 500 heavy equipment company.
    www.fluxpower.com
    Bullish
  • G
    Gold
    ** ENS + AABB = TRIPLE GAIN$ in 2021....Profitable Gold/ Silver mining co and New Gold-backed Ethereum

    tech Cryptocurrency Token/ Wallet UP 37% In a Week. Exchange Sept 2021." newschain asia broadband " @@
    Bullish
  • a
    alaa
    Senseonics Holdings, Inc.
    $ens
    Bullish
  • T
    Tony
    $FLUX conversation
    $FLUX is a head to head competitor to $ENS. FLUX core competency is Lithium and has significant and growing units in operations.
    https://www.mhwmag.com/features/industry-remains-charged-up-about-lithium-ion-batteries-2/
    Lithium-ion batteries offer a lot of advantages to the material handling industry but one of the most valuable benefits of this design is its ability to
    Lithium-ion batteries offer a lot of advantages to the material handling industry but one of the most valuable benefits of this design is its ability to
    www.mhwmag.com
  • D
    Dylbie
    Nobody talks on this board?
  • J
    J
    Vote for Trump
  • S
    Smart
    No trade deal this weekend, no rate cut next month, BA has more troubles, automarket dropping in June. Can't find a better exit point. ;)
  • Y
    Yahoo Finance Insights
    ENS is up 5.19% to 77.56
  • Y
    Yahoo Finance Insights
    ENS is up 4.90% to 73.15
  • Y
    Yahoo Finance Insights
    ENS is up 5.29% to 70.00
  • D
    Dana
    Buying some yesterday on weakness. Great company and will benefit from 5g, with all the battery packs needed to run the power stations.
  • Y
    Yahoo Finance Insights
    ENS is down -5.46% to 75.49
  • Y
    Yahoo Finance Insights
    ENS is up 5.19% to $76.95
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