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PRV Porvair Plc

624.00
-4.00 (-0.64%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Porvair Plc LSE:PRV London Ordinary Share GB0006963689 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -0.64% 624.00 626.00 628.00 634.00 620.00 620.00 66,803 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 176.01M 15.97M 0.3445 18.23 291.09M
Porvair Plc is listed in the Chemicals & Chem Preps sector of the London Stock Exchange with ticker PRV. The last closing price for Porvair was 628p. Over the last year, Porvair shares have traded in a share price range of 522.00p to 680.00p.

Porvair currently has 46,351,837 shares in issue. The market capitalisation of Porvair is £291.09 million. Porvair has a price to earnings ratio (PE ratio) of 18.23.

Porvair Share Discussion Threads

Showing 1601 to 1624 of 1625 messages
Chat Pages: 65  64  63  62  61  60  59  58  57  56  55  54  Older
DateSubjectAuthorDiscuss
04/5/2024
13:38
it is hard to argue this is mispriced. SCSW running out of ideas imo
solooiler
04/5/2024
13:22
1 of 3 primary recommendations in today's SCSW.
I don't have any; growth slow IMO.

napoleon 14th
24/4/2024
09:28
Encouraging to see (fairly modest) purchase by FD yesterday on a day when some large institutional trades went through.
partridge1948
16/4/2024
15:47
The dreaded "Second half weighting" appears to have upset sentiment,but may prove accurate in this case. After what may be a mundane first half, there was an air of cautious optimism at the AGM for both the second half of this year (which should benefit in particular from gasification spares order) and 2025, by which time improvement should also be see in profitability at recent acquisition Ratiolab,with other acquisitions making a meaningful contribution. Sensible timescale for search for long time CEO Ben Stocks replacement, as he will retire in 2025.
partridge1948
05/2/2024
08:00
Makes sense, and yes wouldn't disagree on that timeframe! One to buy on the dips for sure

Eric

pireric
05/2/2024
07:51
I would agree with all of that. I'm a longer term investor and can see this being a lot higher in five years' time if it isn't taken out in the meantime
mammyoko
05/2/2024
07:40
Not great really though, as I mentioned before

First half revenues were +10%
Full year only +2%

So second half revenues well down y/y. Not sure why the stock should re-rate on that until they really prove they can grow EBIT 8-10% per year organically (let's say 5% organic revenue growth and 3-5% from margin expansion), and that mix feels that is quite far away at the moment. Gets harder and harder to scale the EPS from here at the same pace as before, as there is less to go on margins than prior, I suspect. Maybe it can get towards a 15% margin on a long-term view from the close to 13% today?

I'd want a larger margin of safety on the valuation to be buying here I think; at best I'd call the stock fair value at 660p, but in reality, maybe 10-15% overvalued

No doubt this is a quality business though with a phenomenal track record. But share price hasn't really done a lot in a long time, and can see that continuing for a while longer as it keeps growing into its valuation

Eric

pireric
05/2/2024
07:22
Nice results. Adjusted EPS 6% ahead of consensus. Based on 15-year (!) CAGR adjusted EPS increase could do around 41p of adjusted earnings this year putting them on 16x future earnings which looks way too cheap. If they can get re-rated to the 23x earnings they have more normally traded at, the share price could be closer to GBP10. Plus, the possibility of a bid, good cash generation and an experienced and impressive track record from Ben Stocks means this is a core holding for me.
mammyoko
07/1/2024
21:16
One thing that strikes me is how - because of the profit beat - Porvair has been able to shake off what has been quite a weak second half on revenues.

At H1 growth was 10%
At FY, revenue is said to be 'similar' to 2022

Which probably means growth isn't at maximum more than 3%, and H2 was notably very negative (maybe -5-8%?). Also, some acquisitions from May would've really only contributed to the second half, so the recent performance has been pretty slow

Eric

pireric
07/1/2024
17:54
Tipped by Midas in The Mail today.
geraldus
05/12/2023
10:15
Agree great update. Moving from £14m cash at year end to "modest" cash post acquisition suggests circa £10m cost
cheshurst
05/12/2023
08:11
Excellent update this morning with trading ahead and an acquisition though no cost mention and we still have a modest cash balance.
battlebus2
04/12/2023
13:06
Long Path Partners acquired 5.36%. Whale Wisdom shows GBP845m AUM.
mammyoko
06/11/2023
17:42
It’s a steady ship ⛴️.
battlebus2
06/11/2023
12:52
Any views here folks?.
essentialinvestor
03/7/2023
08:15
Excellent interims.
battlebus2
04/5/2023
07:17
A couple of acquisitions announced this morning. Seem a sensible move. Earnings enhancing in 2024.
battlebus2
18/4/2023
14:07
Attended the AGM today. Not giving much away in the accompanying statement, but despite the challenges facing most businesses all looks to be going well.Capital investment in automation over recent years is helping to improve operating margins and the order book is healthy. I have attended most AGMs since 2009, which is when I think Italian Georgio Girondi (GGG SpA) acquired a stake of over 20%. Latest annual report shows that holding at 16.7% and interestingly this is the first time I have ever seen him at an AGM. Not sure what to read into that, if anything! Always dyor.
partridge1948
07/2/2023
18:07
New recent highs makes me smile today. 👍
battlebus2
01/2/2023
20:15
Good to see these back over £6. Onwards and upwards hopefully
battlebus2
30/1/2023
20:49
Exactly Gleach, they’ve just about covered everything that could possibly go wrong. Could happen but unlikely so I happily added today on that weakness. I still think buying under £6 is a great risk / reward here.
battlebus2
30/1/2023
18:33
Yes partridge. Very commendable results as flagged. Disappointing that the outlook comments commence on a cautionary note and take the headlines, particularly considering how they've navigated potentially tougher conditions so well in the year reported.

The art of the under promise? It's as if they went out of their way to highlight the negatives -

- "supply chain dislocation" - acknowledged as diminishing
- "inflationary pressures continue" - we all know that but aren't they meant to be easing?
- "wider economic picture uncertain" - as if it's ever certain
- "likelihood of currency headwinds" - well that's anyone's guess

gleach23
30/1/2023
18:26
A fine positive set of results. Long term hold. If/when markets return to normality it should not take long for 700p to be breached and 750p to be targeted
25october1969
30/1/2023
18:17
Very solid results in my view. Always been a good generator of cash. Some caution comment going into 2023 seemed to unsettle the market, but year end order book at record levels and there is some history of under promising/over delivering. Always dyor.
partridge1948
Chat Pages: 65  64  63  62  61  60  59  58  57  56  55  54  Older

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