Porvair Share Discussion Threads

[gold dust] 03/11/2003 12:55

Pawdaw
Am in on this one too, have been for a couple of years. Waiting for the issue of fuel cell technology to catch people's attention................zzzzz.......
Goldie

[pawdaw] 31/10/2003 17:20

Just a brief synopsis of the trading over the past couple of weeks for those that are interested. Between 14 and 28 Oct the larger trades (i.e. those between 25k and 200k shares) amounted to ~ 1.725 M shares or about 4.7% of the total number of issued shares. This seems to have gone unnoticed and there has been no significant effect on the share price as yet. All of these larger trades were at or above mid-price with the apparent exception of the 200k on 16 Oct. - this could have been above mid-price depending on exactly when the offer price was shifted up.

I don't know if I should expect some late fireworks next week, but I'm hoping so.

[pawdaw] 20/10/2003 17:14

I have no idea why it is overlooked, res1606, but overlooked it certainly is. A couple of weeks ago I re-read the statement with the last set of interims and it's a good read. If things go broadly to plan then the share price should take care of itself in due course - and I'm prepared to wait.

[res1606] 20/8/2003 08:01

Why is this company so overlooked? It is about to ramp up production to make one of the four key components in a fuel cell and it has been working with UTC, the MASSIVE and LEADING-EDGE PEM fuel cell producer in the US. This is the company that owns Otis and Sikorvsky (apologies for poor Russian) and has been making fuel cells for FOURTY YEARS for NASA amongst others. And they are about to release a successor to the PC25, their mainstay commercial fuel cell over the past ten years- an ambient pressure PEM fuel cell. The PC35, according to one website-

And they are about to sell a non-core division to finance ramp up...

[cordwainer] 30/7/2003 01:02

this stock caught my eye a few days ago because i'm curious about the fuel cell technology. will it be a niche market for the next 2 or 3 years or is it likely to grow ? can anyone shed some light on this and Porvair generally.
im currently holding DYS which is a competitor in terms of catalytic converters i think.

[cordwainer] 19/7/2003 00:28

June and July has formed some kind of significant chart, like a double-top or something .. ?

[bbbbb] 17/7/2003 11:50

cam, not sure only guessing, but suspect some locking in of profit after recent market rises. General market is down as a reaction to'stuff'from the US (Greenspan comment, IBM) and also SAP news cuasing a pullback. If it's one of the houses reducing we may see an anouncement later.

[camiladasi] 17/7/2003 11:39

bbbbb, any thoughts on why it's dropping today?? haven't seen any specific news and the volumes are small - but have to say a number of my shares are behaving in the same way today for some unknown reason.

[bbbbb] 16/7/2003 11:42

camlad, thanks and interesting indeed. I've been in these for just under 2 years and agree with the article in so far as I've been waiting on the results of the Fuel Cell development to start bearing fruit...and this will be he acid test (if you'll pardon the pun). So far the development activities are positive and the chairmans noises bullish but only when I start to see a flow through to the bottom line will I be convinced....oh and if this happens then it should really take off.

I think that where Porvair are concerned though, we have a difference between this and the internet starts ups. Porvair has a solid business as a base and also pays a divi so I think whilst the upside risk is real, the downside risk is limited.

[camiladasi] 16/7/2003 11:30

here is the extract from The Motley Fool article:-

"From the South Sea Bubble to the Internet boom, stock markets have often been prey to manic castle building. The key is to latch onto something new and perhaps a little mysterious, but with obviously great potential. You need something 'new' because investors will know all the problems of anything 'old', which reduces the opportunity for rampant bullishness. Areas of technology have therefore been the castle builder's favourite. In the current stock market climate, investors will almost certainly be digging the foundations of the next tech castle.


The sort of share to consider? One possibility could be Porvair (LSE: PRV), a £64m business that develops fuel cells. Or maybe Innovision (LSE: INN), a £16m AIM-listed company, which has an interesting involvement in the growing Radio Frequency Identification industry. Both firms are small, have chequered financial pasts yet possess lots of potential in exciting new fields. Though finding shares like these that are ripe for castle building can be straightforward, the tricky part is determining whether such companies can ever produce the profit growth to start the construction."


interesting???
camlad

[bbbbb] 16/7/2003 11:21

pipinnin, scsw?...do you have a link?

[pippin] 16/7/2003 10:15

The buying interest actually came from a positive write-up in SCSW at the weekend.

[bbbbb] 15/7/2003 19:28

cam, what did it say ?

[camiladasi] 15/7/2003 17:14

Porvair got a positive mention on Motley Fool (UK) today

[selly] 15/7/2003 13:10

Onwards and upwards.

The price is marching on nicely.

[garth] 15/7/2003 00:32

That or an FT article ;-) Interesting piece considering what got posted a couple of weeks ago:

Interesting piece in the FT comparing Dyson and Porvair. They seem to favour Dyson on valuation and proximity to future revenues

"COMPANIES UK: We are living in the materials world
By David Blackwell
Financial Times; Jul 14, 2003


Waterproof socks from Kings Lynn and a builders' yard in Sheffield are the last things the bosses of two of the UK's most go-ahead materials technology companies want to talk about.

They prefer instead to talk about fuel cells and high speed computer disk drives. Those are the markets that have been identified as key to the future of Porvair and Dyson as they move away from old industries in declining markets.

Porvair seems to have grabbed all the attention. It has been spending the cash from its polyurethane membrane division (maker of the waterproof socks) and its filtration business on research and development for high-technology materials to be used in fuel cells.

At the same time Dyson has been spending the cash from its builders' yard, a hangover from the days of family control, and its refractories division on finding new uses for its chemical fibres. An acquisition two years ago of a small materials business in Tennessee has put it at the forefront of hard disk drive research......."

revenues.

Healthy 100k buy driving up the price of Dyson too!

G.

[selly] 15/7/2003 00:18

A fab underlying stock with huge upside potential.

[bbbbb] 14/7/2003 13:33

Garth, thanks for the FT article...helps explain the sudden interest. I've been a holder for a couple of years and topped up a few months ago (before the results).

[bbbbb] 14/7/2003 10:57

Anyone know whats driving the buys ?

[bbbbb] 14/7/2003 08:29

something looks ot be happening here...judging by this morning buys.

[kouneli stifado] 13/7/2003 10:26

RNS Number:7442M
Porvair PLC
25 June 2003

Porvair plc ("the Company")

Director's Share Dealing

The Company was notified on 25 June 2003 that on that date Mrs. Ben Stocks, the
wife of Mr. Ben Stocks, a director of the Company, purchased 17,360 ordinary
shares of 2p each in the Company ("Ordinary Shares") at a price of 163p per
Ordinary Share.

This information is provided by RNS
The company news service from the London Stock Exchange




i dontr understand, is his wife also called Ben?

[garth] 26/6/2003 13:59

Felix,

ML New Energy fund. price 16.25p NAV around 19p but starting to turn down again. My get them at a penny or two cheaper yet.

They have holdings such as Vestas (Wind) and Ballard (which you know all about via Porvair). With the amount I have available to invest its a cost-effective way to gain exposure to some of the main overseas players.

The trouble was that the fund was launched and invested fully at the top. It was over £1 a couple of years back. I waited and waited - went in and out for a profit in the 40p region and then have waited again.... the time seems about right. FCT etc. have made progress, Vestas have been hammered and then recovered, we seem to be taking a dip on a steady bull run.

I must take a look at Jupiter's Global Green fund agin (but can't remember what its called!)

Dyson results were full of positive comment this morning. Having to scale up production dramatically in order to meet demand.....

Regards,

G.

[selly] 26/6/2003 13:29

Just about to bounce after todays profit taking I think.

[felix99] 25/6/2003 21:47

Can't disagree with what you say other than PRV got well oversold under a quid and at thatpoint surelymust have looked better value than DYS which has been steady.

I first bought at 110 or less and quickly banked em when they went upto 120p or so. Then had em on my =watch list after they drifted on no news for ages and when some interest reappeared I bought at 120p or so and added twice under 135p

Took some profit at 148 and sold the rest the other day before results. Just feel they have had a great run and are no longer at a silly price. Still plenty of potential though and I will buy back if they drift in the next few weeks / months - only thing I am weary of is I think a lot of Inst stakebuilding has been going on which is why the price has risen - it could carry on but as you say its not a no brainer here until the dreams are realised.

Hope you are well

Whats an MNE btw ?

[garth] 25/6/2003 20:38

Felix99

the thing that stopped me in the end was this - that in the past Dyson and Porvair had a fairly close relationship. It might even be called an affair. But having snuggled up close and enjoyed the friendship one party grew cold.

A virus spreads if you get too close and fail to take precautions. Technology and ideas can be like that too. The result is that there are some similarities in the technology held by the two companies.

Both companies are valued at around £60M. Both pay a similar dividend. Porvair are forecast to make 2.7p EPS in 2003 and 3.5p in 2004
Dyson are forecast to make 10.7p EPS in 2003 and 10.4p to 15.4p in 2004

Porvair and Dyson are both involved with Johnson Matthey in FCT. It seems likely that Porvair's ties are more developed, but it is hard to tell because Dyson's management have remained very quiet about FCT - choosing to focus the market's attention on nearer-term technology - namely their current and expanding emmission control technology (I noted with interest a statement in Porvair's results about them having products in development for this application); their Metal Matrix Compound applications in the auto-industry (eg. 3M use their MMC's in their brake callipers) and, of course, their Carolite HDD application (interesting to be updated on this tomorrow)

I did not have money for both and went for Dyson.

When I came close to buying Porvair again last autumn I went instead for Pace(PIC) at an average of 20p. They are currently at around 55p, off highs of 65p. I've taken profits on the way. You can't be in everything, as they say.....

FCT is one of 10 or more technology applications in Dyson's pipeline. Porvair may have an equally impressive pipeline but I must confess to have given far less time in research on Porvair than on Dyson and would be quite glad to be told in which ways I have under-played them.

CRPR, UCM and MGCR (I hold a few) are also always on my watch list and I bought more MGCR at 38p only to take profits a little early when I thought the market was turning back down. The sector interests me, but having recently topped up my DYS with some IMG profits, my next investment is likely to be a slow and steady ultra-long term ISA investment in some MNE (its the only way I can persuade my wife to let me invest some fresh funds.....)

All the best - and I mean it, if someone would like to post and persuade me why these are really where I should have my money sooner rather than later, I'm all ears.

:-)

G.