Porvair Share Price (PRV)

http://www.edp24.co.uk/business/why_eastern_promise_is_a_real_boost_for_king_s_lynn_based_porvair_1_2022459

it was..

Porvair is another of those British industrial companies doing all the right things on the global stage. It makes filters for aviation and energy markets and metals foundries and has increased revenues by an average of 11 per cent a year through the recession. More than half its production is in the UK. The key to future performance will be the introduction of new and increasingly sophisticated ranges of filters. More than four fifths of sales are of product that needs regular replacement, which gives some security of future earnings. Porvair is not immune to the world economy — in 2009, America’s carmakers shut up shop for four months and so did its business serving that industry. The shares, on about 17 times earnings, have had a fair run but look a good bet long term, The Times´s Tempus believes.

DYOR/not investment advice but multiples look a bit high in current market imo Seems decent company with good prospects, but worth paying this much?...Time will tell

Another Company that should have a blue day today in "normal" circumstances

Commenting on the outlook, Ben Stocks, Chief Executive, said: "Porvair's strategic direction and operating objectives remain consistent and continue to produce good results. We focus on regulated markets with sound structural growth drivers. In line with general economic commentary, the Group is seeing stronger demand in North America and a slight weakening of demand in China and certain markets in Europe. In the Metals Filtration division margins continue to improve, market demand has increased and steady market share gains are being made with newer products. In the Microfiltration division, aerospace revenues and schedules are particularly strong as new programmes come on stream and aircraft production increases. In other Microfiltration markets the order book and pipeline of potential opportunities remain robust. Acquisitions made in the first half of the year will contribute to performance in the second half of the year. As a result of all these factors, management's expectation for profitability for the year has been increased."