Porvair Share Discussion Threads

[rennes] 24/8/2009 12:14

Does anyone have any news on this stock? - postings are very quiet. Interim results looks ok but it is suspiciously quiet??

[g0rdon gekko] 15/7/2009 21:11

anyone have any news on this share seems to be a bit quiet after the news in may

[mrmerkin] 03/7/2009 11:19

4% drop on the sale of 1000 shares!

[dolphinspirit] 21/5/2009 16:21

That matches what I have heard

D

[london calling] 21/5/2009 14:51

The research I have done indicates that GGG is a holding company or similar for an €200 m Italian UFI filter company controlled by GIORGIO GIRONDI. This is the name given in the latest share purchase which takes them up to 22%. looks like they are buying cheaply into a depressed share price maybe with a view to a bid

[london calling] 21/5/2009 14:34

The research I have done indicates that GGG is a holding company or similar for an €200 m Italian UFI filter company controlled by GIORGIO GIRONDI. This is the name given in the latest share purchase which takes them up to 22%. looks like they are buying cheaply into a depressed share price maybe with a view to a bid

[yz426] 20/5/2009 13:13

Guys,
Why the increase in spread since Mon am?
If the MM's wanna keep hold of stock surely they just push the price up?
Ta very much,
Andy

[dolphinspirit] 20/5/2009 10:16

The Rumours that I'm getting is GGG is an investment holdings house
for an Italian Filtration company.

Although I know the name of the company I have not been able to varify
this so I'm not going to name them.

It does look interesting, and not surprising considering Porvair's price,
we will just have to wait and see if GGG buy any more, if they do then
yes I think this is looking rip for a take over bid. If not then why
is a filter company buying this much stock in a competitor.

As I say I've got nothing to support this, but we will see

D

[london calling] 19/5/2009 20:17

GGG spA looks very interesting. Is this a prelude to a bid?

[dolphinspirit] 19/5/2009 11:19

It's nice to see a rise, even if it's on the back of a favourable news paper
review. Hopefully it will hold, but I'm not hold my breath

I wish I had the capital to average down losses on this one, I holding at a price of £1.4. So it's the long game for me.

Any idea how "GGG S.p.A." are as they now hold 22% of Porvair stock?

D

[london calling] 18/5/2009 21:53

remarkable what a David Schwartz recommendation can do to a share price. I bought 2000 first thing at about 51p!

[sleveen] 18/5/2009 13:11

DS does tend to have that affect on share price

The share price tend to fall back three to four weeks after the article is published.

[dolphinspirit] 18/5/2009 11:56

Interesting read:

[sleveen] 18/5/2009 11:39

Thanks silverfern, I wondered what has caused today's spike.

[silverfern] 18/5/2009 11:22

recommendation in the FT - a private investor' column

[sleveen] 10/4/2009 08:47

After buying at 55p, following the rally in Jan 09, I sold at 68p.


I will wait for the next IMS before going back in.

[nondom] 10/4/2009 08:45

Quote from yesterday's Interactive Investor:

"Porvair (PRV) looked like a good company at a bargain price, but yesterday's AGM statement, showed that things can always get worse, before they get better. It reported a 20% fall in US sales in recent months. Its response; a 40% cut in US staff, temporary salary reductions for the rest, and negotiations with Barclays to revise its banking arrangements, only agreed last July.

On 30 November, Porvair had about £19m debt, about £1m repayable in two years, and the rest maturing in 2011. Total assets were £74m, over half it goodwill, and £2.5m of it cash.

Although the price fell over 20% yesterday and the company thinks business is picking up, if Porvair's a bargain, it's a speculative one at the moment. It won't really fit the 'safety first' remit of a Thrifty 30 portfolio until there's more evidence that sales and margins have stabilised and it's made a new agreement with Barclays".

Still believe the management?

[sleveen] 27/1/2009 07:59

Good results today and good outlook statement

Having bought a few more at 55p I'm happy.

... wish DYS would emulate:-)

[garth] 10/12/2008 16:58

Doing better than DYS!

[sleveen] 10/12/2008 07:56

Reassuring IMS today:

Porvair, the specialist filtration and environmental technologies group, makes the following statement about trading in the year ended 30 November 2008:

"Porvair has traded well in 2008 and will report encouraging double digit organic growth in both sales and profits in line with management's expectations. In addition, the two acquisitions made during the year have been integrated successfully.

"The most promising aspect of revenue growth in 2008 has been the significant contribution from key projects previously described to shareholders during several years of research and development.
"2008 was also a year of investment for the future, with two acquisitions and upgraded production facilities in both the UK and US. To accommodate this investment, banking arrangements for the next three years were updated and agreed in July.

"Looking ahead, Porvair is alert to the current economic climate, which presents both risks and opportunities in 2009. We believe the diversity of our customer base; the specialist nature of our technical expertise; and the fact that our products are largely consumable will offer some resilience; as will the revenues generated from a healthy new product pipeline.

"As previously reported, strong current trading in some market segments - aviation and energy for example - is balanced by some weakness in others - US automotive and industrial process. We have made what we expect to be realistic assumptions for 2009 and planned accordingly."

The Company will be announcing its preliminary results for the year ended 30 November 2008 on Tuesday 27 January 2009.

[sleveen] 17/10/2008 08:57

Reassuring IMS today :-)

[sleveen] 30/8/2008 20:44

Passionate stuff in that second website. I'd be suprised if McCain chips away at Obahma's lead.

The principal customer I refer to above is an American company....God Bless..

If/when fuel cell technology efficiency is proven (perhaps 2-3 years away)
PVR will be minted and so will we.

[sleveen] 30/8/2008 15:30

Nondom

I've looked at the annual reports on PRV website from 2000 to date.
Big write off in 2003 and a great deal of faith and money placed in fuel cell technollogy from 2000 to date.

Let's hope that the Seal deal is strategically sound (I think it is)and that the principal fuel cell custermer redesigns the bipolar plate flow channels (see 2007 AR) sooner rather than later so the next phase of development is implemented. That said the the bipolar plate is also being used in the energy storage device (in production shortly.

Given the current interest in electric vehicles (see TAN bb for details) fuel cells and energy storage devices must be developed to production specification to meet the likely demand for EV. There could be a world beating fuel cell product, which is far more efficient than heavy batteries even if there has been an advance in battery technology.

Perhaps Ben Stocks should be congratulated in his foresight to invest in the fuel cell development back in 2001.

IMHO of course.