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A very reasonable set of numbers although cost of sales looks a tad excessive relative to revenue growth.
Yep, going from strength to strength, cracking company!
Great RNS (as always) and great rise. Up we go!
I've seen the steady fall from the high a couple of months ago but almost 8% in a day seems pretty extreme without some news underpinning it, especially on a day when the general trend was up. I'm not panicking yet though!
I don't think there's anything to worry about with PRV. It's been in a downtrend since the highs in march/april. I'm hoping that's it now and we're going back up. I've been watching it for a bit and bought in today. ATB
I've been scouring the news but can't find anything - does anyone know why the slump?
F's are good but im not liking recent bearish divergence, could have a retrace coming up if trend line support breaks
Sl....we think alike dont we!!! And yes...charts here backed by very good financials so worth a look.
funny you mention this i have been charting this one and looked into it tonight :)
Excellent company here....well down if u are in. Steady increase in profits over 5years. And share price too from 50p to current levels.
Excellent progress - a solid performance from a well managed company.
big trade and a 390k following it.....
Porvair (PRV) Director name: Mr Christopher Tyler Amount sold: 46,000 @ 283.07p Value: £130,212
Top Director Sells Porvair (PRV) Director name: Mr Ben Stocks Amount sold: 175,000 @ 283.07p Value: £495,372
Very sad to see how badly Porvair are developing their facebook site, another Brit company that lacks the marketing drive, yet the divis and profits are pretty good
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."
Half yearly results for the six months ended 31 May 2012 Porvair plc ("Porvair" or "the Group"), the specialist filtration and environmental technology group, today announces its half yearly results for the six months ended 31 May 2012. Highlights · Revenues grew by 15% (14% in constant currency) to £35.9m (2011: £31.1m). · Profit before tax increased by 48% to £2.4m (2011: £1.6m). · Earnings per share up 48% to 4.0 pence (2011: 2.7 pence). · £3.5m invested in three small acquisitions. All have been integrated and will contribute to performance in the second half. · Net debt reduced by £3.1m to £5.8m (2011: £8.9m) over last 12 months. · Metals Filtration: o Good performance driven by patented products and stronger demand in end markets; o Operating profit margins improving. · Microfiltration: o Aerospace revenues up 29% with healthy schedules for the second half; o Order position strong; o Seal Analytical revenues up 8%. · Interim dividend of 1.0 pence (2011: 1.0 pence) declared. · Management's expectations for profitability for the full year have been increased.
http://www.investegate.co.uk/Article.aspx?id=201206260700130964G
Porvair, a specialist filtration and environmental technologies group, has reported a good start to 2012 and said it expects to report interim profits well ahead of 2011. Microfiltration and Metals Filtration have both grown strongly and group revenue is expected to be more than 10% above the first six months of 2011 at constant currency rates. Order books and the pipeline of potential projects are "encouraging" in Microfiltration, the firm said, while market share gains have been made in Metals Filtration. Operating cash levels remain "healthy".