Porvair Share Discussion Threads

[jocjoc] 15/1/2007 12:18

figures due out 30th january 2007

[nirvs] 09/1/2007 09:49

Nice and quiet here... Longed PRV on 03/01/07 at 127. Little ticks up each day....Major trend change taking place?

[arc en ciel] 16/11/2006 15:46

Flicked up today, first movement for some time.
Pre-end of year announcement coming? End of finacial year is 30 November.

[daaan] 30/7/2006 19:23

Any cance of an intraday graph getting put in the header?

thx!

[jonwig] 23/7/2006 08:52

Sunday Business:

ON THE face of it specialist filtration and environmental technology developer Porvair looks fully valued at its current share price. Taking a longer-term view, though, it is developing some potentially lucrative technologies. Even if only some of them are commercialised then they could easily justify the valuation.

Porvair's microfiltration business supplies metal filters, pressure switches and plastic filters for inhalers. The metal filters business produces casting equipment, silicon carbide foundry filters and super alloy filters. Aerospace, casting, aluminium and foundry sectors are all important for Porvair but it has a widely spread customer base.

There are a range of products in development which will take Porvair into additional areas. Porvair already makes gasification filters that are used to clean emissions from coal-fired power stations and is developing the next generation of the technology in partnership with oil company Conoco Philips. There are up to 160 power stations which could use this technology. Porvair is already quoting for $1m of business.

Porvair has also developed clean diesel exhaust technology and this market could be $300m a year in a couple of years' time. The retrofit market has been delayed but the technology could go into commercial production early next year.

Fuel cells is another market where Porvair could become a significant niche player in the longer-term. The first trial orders have been received and this should help to show that they can be mass-produced. If a commercial automotive fuel cell can be developed using Porvair's technology then this could be an enormous market.

Porvair's pre-exceptional profits moved up from £827,000 to £884,000 in the six months to May 2006. The two main parts of the business had contrasting fortunes. Microfiltration gained two aerospace contracts and it is supplying a component for Pfizer's insulin inhaler. Its operating profit jumped by two-fifths to £2.06m on turnover 7% ahead at £12.8m. The metals filtration businesses suffered from rising costs which it found difficult to pass on to customers. That meant that even though turnover rose 4% to £9.74m its operating profit slumped from £364,000 to £1,000. Management is confident that it should return to its previous level of profitability in the second half.

UK order levels are strong and margins are recovering in the US. Porvair's profits are predominantly earned in the second half of the financial year. Full-year profits are forecast to edge up from £2.8m to £3m.

A prospective PE ratio of 28 is high but the developing technologies could make Porvair a profitable long-term investment.

[bobdouthwaite] 04/7/2006 15:11

No hype, but the upbeat results out to-day suggest Porvair's R&D efforts over the past few years are beginning to pay-off:


Interim results for the six months ended 31 May 2006


Porvair plc ("Porvair"), the specialist filtration and environmental technology
group, today announces its interim results for the six months ended 31 May 2006.


Highlights

* Sales up 7% to #23.0m. (2005: #21.6m).
* Earnings per share up 36% to 1.5p (2005: 1.1p).
* Operating profits before exceptional items up 18% to #1.3m
(2005: #1.1m). Operating profits were #1.3m (2005: #1.8m including
an exceptional gain of #0.7m).
* Microfiltration - 7% sales and 38% operating profit growth
before exceptional items driven by aerospace, high purity
liquids, industrial processes and bioscience demand.
* Metals Filtration - Management response to challenging
conditions in the early part of the year began to show
results towards the end of the period.
* Advanced Materials - 58% sales growth.


Encouraging progress in key investment projects:

* Gasification filters - joint development
agreement signed with major oil company and leading
provider of gasification technology for next
generation gasification filtration technology;
further hot gas filter orders received.
* Diesel exhaust filtration - initial orders
for heavy duty retrofit received and shipped.
* Bioscience filtration and separation -
first pharmaceutically approved filtration
component in production, several prototype
trials for separation devices underway.
* Fuel cells - first order for latest
generation of bipolar plates received.
Low cost manufacturing demonstrated.


Commenting on the results, Ben Stocks, Chief Executive, said:

"Porvair has delivered good sales and profit growth along with further progress
in its key investment projects in the six months to 31 May 2006. 2006 is
progressing satisfactorily. Current trading is healthy and order levels,
particularly in Microfiltration, are robust. The Metals Filtration business has
responded to the challenging conditions in the early part of the year and is
currently trading well. The key development opportunities are making good
progress and all parts of the business have growth opportunities for the second
half of the year."


On the fuel cell front, the results report:

"The highlight of the year so far in PAM has been a successful
extended trial of our latest generation of low cost bipolar
plates for fuel cells. This is a lengthy development project and
we were particularly pleased to receive our first order for the
new generation of plates in May 2006. As has been previously
reported, when compared with plates produced in 2003 the latest
moulded products offer a better technical performance at almost
one tenth of the price. This first order will be manufactured
using production methods and quality standards suitable for low
cost mass production. We expect to move from product development
to preliminary sales, albeit only for prototype fuel cells, in
the second half of the year. Our proprietary carbon material can
be readily adapted to a variety of Proton Exchange Membrane
(PEM) fuel cell designs and we will continue with this work in
the months ahead."

[tuning peg] 20/4/2006 10:03

BLT, you're up to your tedious cut and paste again. At least if you're going to do it then post it on the right BB!!

[bitterlemontart] 20/4/2006 08:38

PYF & PYFW

Collins Stewart Stockbrokers

Preliminary results for year to 31st December 2005

Analysis

Financial strength. With circa $28.5m cash on the balance sheet
at the end of March 2005 and negative cashflow from operations
of $7.1m, PolyFuel has a solid capital base for operations
throughout the crucial 2007-2008 period, at which point several
of its customers anticipate launching commercial products. The
exercise of warrants in early 2007 would provide a further £4.7m.
Customer base expanding. NEC and Sanyo were the first blue-
chip companies to associate themelves with PolyFuel, but the full
list includes 10 other leading fuel cell system developers.
Johnson Matthey recently revealed a commercial relationship to
provide fuel cell sub-components using their catalysts together
with PolyFuel membranes.
Continuing product development. PolyFuel has released
thinner, higher-performance versions of its membranes, designed
specifically to customer specifications. The original membrane
has reached over 5000 hours of operation under real-life conditions.
Action

Buy.

PolyFuel has the financial strength to support the commercial
programmes of its blue-chip customers. Recent newsflow highlights the
quality of the product and the company: Johnson Matthey, Sanyo and
NEC have all associated themselves publicly with PolyFuel. PolyFuel
remains the leading supplier of membranes for methanol micro-fuel cells.

Target price 130p.

[saxonking] 10/4/2006 15:04

Good recomendation in Small Company Sharewatch at weekend. IMHO - Any company developing alternative energy supplies should do well with rocketing natural gas prices. Have bought in for the long term.

[asparks] 23/3/2006 10:34

ITM is set to become
"a 21st century energy giant along the lines of BP or Shell" according to today's Shares Mag. Year end target set at 400p

[grgkecer] 21/3/2006 10:47

Sounds more like Amiad (AFS), which has also had a good rise, than Porvair.

[dolphinspirit] 21/3/2006 10:21

the closest I can find is:

ZENON Environmental

www.zenon.com/newsroom/press_releases/2006/03142006.shtml

General Electric Agrees to Acquire ZENON Environmental
Expands GE's Water & Process Technologies Platform with the Addition of Best-In-Class Ultrafiltration Membrane Technologies
TREVOSE, PENNSYLVANIA AND OAKVILLE, ONTARIO (March 14, 2006) – GE Water & Process Technologies, a unit of General Electric Company (NYSE: GE) and ZENON Environmental Inc. (TSX: ZEN and ZEN.NV.A; OTC: ZNEVF and ZNEAF), announced today that they have signed an agreement in connection with the acquisition by way of Plan of Arrangement of ZENON by GE in an all cash transaction for Cdn $24.00 per share, valuing the transaction at approximately Cdn $760 million, or US $656 million. ZENON is a global leader in advanced membranes for water purification, wastewater treatment and water reuse to municipalities and industries worldwide.

Over its 26-year history, ZENON pioneered the use of ultrafiltration technology for water and wastewater treatment. The technology has become the technology of choice for water and wastewater plants, and its adaptation is spreading rapidly throughout the world.

"ZENON is a great strategic fit with GE," said David Calhoun, GE Vice Chairman and President & CEO, GE Infrastructure. "With the synergies we create, we will have the potential to grow revenue in the municipal water segment at more than 30 percent for the next several years. Its best-in-class membrane technologies will allow GE to serve the fast-growing ultrafiltration segment of water and wastewater treatment, significantly expand our capabilities to help customers address pressing water scarcity issues and play a key role in the high-growth areas of the municipal water segment. With this terrific addition, we anticipate our water platform growing to nearly US $2.5 billion in revenue next year."

[contrarian2investor] 20/3/2006 16:09

Hi guys
I think the market is finally waking up to the potential of prv. GE has a habit of buying growth and prv's bi-polar plates (which is only one of their numerous world class products) have multiple uses and is being trailed by lots of companies . Watch this space. I have been a holder for some time and I was beginning a get a bit peeved that ITM AND CERES (just look what has happen to their shares over the past 9 months) were getting all the attention. Because Prv have been in this game longer and I had feared that it had fallen behind. I no longer have that worry.
For those in doubt my advice is to check prv's website. Research, research, research its the only way.

c21

[daaan] 20/3/2006 09:37

Noidea, no position here so not looked into it all too much :-)

[grgkecer] 20/3/2006 08:29

Daaan[109]

Do you know which French company it was?

[plantronics] 20/3/2006 08:28

Its an animal!

[Abuse team] 19/3/2006 23:22

Post removed by ADVFN

[daaan] 19/3/2006 23:11

Independent
PRIVATE INVESTOR: Sean O'Grady uses the proceeds from the sale of VODAFONE to
buy INMARSAT - NO PAIN, NO GAIN: GOALS SOCCER CENTRES (Derek Pain would not be
surprised if some predator is hovering), ACCESS INTELLIGENCE (Pain is staying on board), RENTOKIL INITIAL (with dividends capped, investors have yet to be lured by its new trim shape) - MARKET REPORT: BAE SYSTEMS (large premiums paid on the options markets for the June 460 pence calls), PORVAIR (bid speculation after GE. pays a 50 pct premium for a French rival)

[bobdouthwaite] 19/3/2006 00:59

Good news for Porvair, as demand for its filters should increase:


Looser Emission Rules Rejected

By Juliet Eilperin

A federal appeals court blocked the Bush administration's four-year effort to loosen emission rules for aging coal-fired power plants, unanimously ruling yesterday that the changes violated the Clean Air Act and that only Congress could authorize such revisions.

To view the entire article, go to

[saltedcrab] 17/3/2006 09:59

mmmmmmmmmm

[asparks] 17/3/2006 09:51

on the strength of the rise in other companies in the fuel cell sector

[rescuer] 02/2/2006 21:11

dont hold any of these, dont even know too much about the company,

just thought i'd post to say that Fat Prophets have just posted a buy tonight and they expect Porvair to breakout in the coming days.

best of luck guys