Porvair Share Discussion Threads

[apad] 28/6/2013 13:56

Yeah, it looks as if my ambition to increase at 250p is foundering on the rocks.
apad

[jamiedeankeenan] 28/6/2013 08:14

Thanks again!

[malcolmsm1th] 27/6/2013 20:03

That took me quite a while to learn that one, especially coming from a racing background as I kept thinking Starting Price? But it's actually SHARE PRICE.

[jamiedeankeenan] 27/6/2013 19:55

Also what is SP? Coming from a novice here!

[tratante] 27/6/2013 15:28

There was also strong buying ahead of their entry into the small cap index with a bit of profit taking afterwards.

[jamiedeankeenan] 27/6/2013 15:27

Thanks for that! Very helpful

[willydoctor] 27/6/2013 15:15

It's as predictable as a crooked MP Jamie. share price is always speculated up before results and then sold off. They were excellent results, and most importantly indicated that the forward momentum we've seen looks to be maintained. I am sure the temporary overhang is now cleared out and I suspect that they will rise over forthcoming weeks.

[primarch1] 27/6/2013 12:47

Sell off after results usual thing.however great company with solid growth potential. For info just read there last few market updates.

[jamiedeankeenan] 27/6/2013 12:22

Being new to trading I wanted to understand a bit further what caused the big recent drop in PRV, would you be able to help?Thanksn

[willydoctor] 26/6/2013 13:05

Terry - welcome to the thread, which is mercifully free of rude aggressive idiots and endless inane repetitive posts like "unleash the beast". What a nice contrast to so many BBs!!
I feel that today's share price answers your question. Marked down by MMs first thing this morning - and now back up again. I doubt we will see any further significant falls, unless the planned new acquisition increases debt or equity substantially. I think the management is too canny to overstretch themselves. Previous acquisitions have been earnings enhancing. Also they have a habit of announcing new contract wins on a fairly regular basis. This is not a trading stock - so don't buy them on a T20 - but if you are looking for a solid performer which will do you well over a few years - this will take some beating!
Best wishes,
WD

[terryw123] 26/6/2013 09:05

Im looking to get in to this stock in the next few days, it looks a solid company to me, any predictions on sp?

[apad] 25/6/2013 18:24

Yes indeed, well found Sh.
Could wreck my buy-more price though :-(
apad

[willydoctor] 25/6/2013 16:00

Good spot Shauney - thanks for the link. It does look like a good buying opportunity. I've got thousands of these so fully loaded - but excellent long term hold.

[shauney2] 25/6/2013 15:35

King's-Lynn based filtration specialist Porvair said it is close to snapping up another business just weeks after announcing a £3.22m swoop for an American company.

hxxp://www.edp24.co.uk/business/king_s_lynn_based_porvair_eyes_further_deals_1_2249094

Todays Times also says PRV are a good long term buy after yesterdays drop.

[jdgarner] 25/6/2013 14:56

Surprised such a good share has dipped so far after posting good results. Seems like a good opportunity to buy in or top up though imo.

[willydoctor] 25/6/2013 14:52

Looks like you're right at the moment!!

[apad] 25/6/2013 12:49

W,
I've put in my minimum eps forecast of 12.4 into my spreadsheet and a share price of £2.50 (forward PER of 20)as a buy signal.
Hold me to account :-)
apad

[apad] 25/6/2013 12:36

W,
I've put in my minimum eps forecast of 12.4 into my spreadsheet and a share price of £2.50 (forward PER of 20)as a buy signal.
Hold me to account :-)
apad

[willydoctor] 25/6/2013 08:41

I doubt it APAD. They will be doing the rounds with brokers after the figures and there is not a lot of stock about. Depends on the market generally of course - but I don't imagine they will go down much from here. With consistent rising EPS and profit the PER will fall if the share price remains static. They have a track record of winning repeat orders and I wouldn't be surprised if they announced a new contract win in the next few months. It's clearly not a T20 stock - but for the long term, and I cannot see anything other than a short term drop as people sell off after the figures. All imho of course!

[apad] 24/6/2013 20:37

If the H2 eps goes up by the same percentage as H1 (possibly a lower bound case because of new orders not contributing to H1 and the business being H2 biased) then the forward PER drops to 25.
Doesn't sound so highly priced if you say it quickly.
All the commentators will say some variation on 'highly priced' because they are paid for words and those help fill the column.
The question is how highly priced and I am starting to feel more comfortable with the valuation ROR currently on a PER of 25 (not forward).
I am hoping for a steady decline in price in the next couple of months.
apad

[shauney2] 24/6/2013 17:29

The view of Investors Chronicle.



"satisfactory" indeed.They have used that word in the past.What you don't get is bull... from the CEO.He has understated and out performed for the last few years.

[nickjoseph] 24/6/2013 08:15

These sets do this. Will probably come back on a few purchases. Naked trader loaded up with more last week so he must be confident as well. Got these for £1.03 so will hold out for a lot longer.

[shauney2] 24/6/2013 08:03

Hard to find anything negative.The slow US market the only one.


-- Encouraging financial performance

o Revenue grew by 8% (7% in constant currency) to GBP38.6m (2012: GBP35.9m).

o Profit before tax increased by 27% to GBP3.1m (2012: GBP2.4m).

o Earnings per share up 23% to 4.9 pence (2012: 4.0 pence).

o Net debt reduced by 22% to GBP3.0m (30 November 2012: GBP3.9m).

"Several large contracts are now underway. All are proceeding to plan but have a limited impact on these results"

The acquisition of CEM will also benefit the next figures.

They have even increased the interim dividend for the first time since 2004

[nickjoseph] 24/6/2013 07:44

Comments from the boss for the future are optimistic . More growth . Not sure what SETS will do to these today. Still holding either way.