Porvair Share Discussion Threads

[nhp84] 18/9/2013 10:14

I think so Richtea. Chart is starting to clearly trend back up following the excellent announcement. I would target £3plus. Best of luck!

[richtea1701] 18/9/2013 07:06

Any thoughts on whether 245 is good entry price?

[woodcutter] 17/9/2013 09:33

interesting update, contemplating buying in today but will wait for the dust to settle. The operational gearing of PRV makes for interesting possibilities on the forward numbers.

Assuming 13% increase in revenue for the year and using last years H2 results and magins:

Revenue £86.4m..............@13% increase on 2012 H2
gross margin 33% this is now 34% in H1 2103
Gross Profit £28.5m
admin/oheads £18.7m a 3.5% increase, probably high as H1 2103 o/heads static.
ebit £9.8m
interest say £700K as debt reducing
tax historically around 30%.....why?
pat £6.37
eps 15p

The ratio of revenue increase to admin increase at roughly 3.7/1 could have a significant impact on eps. So at 15p per 16/17, historically been between 13 and 20 so not too onorous particularly when taking into account the potentail from the operational gearing.

Woody

post note: oheads H1 £9.7m so maybe H2 £19.4 still gives eps around 13.4p. about 20% above existing forecasts. 2012 H1 oheads higher than H2 so 15p eps maybe possible

[tudes100] 17/9/2013 09:30

Really encouraging IMS given the share price over the last 10 weeks. FY13 revenue should come in closer to £90m so should be getting some broker upgrades based on current estimates.

[blackrod1] 17/9/2013 08:02

Excellent RNS . Feel a bit for the holders stopped out yesterday . Tough school playing MM games ............

[cheaky monkey] 17/9/2013 07:44

Yes, great timing WJ! Nice to see a positive IMS, certainly happy to jump back on board these after selling up near the top;-)A great company!Good Luck AllCM

[wjccghcc] 17/9/2013 07:29

Well that worked out rather nicely :-)

Full year to be ahead of forecasts. 3 year sole supplier contract extension for Alcoa.

[apad] 16/9/2013 16:29

Well done WJ...
I missed that and it's now well below my 240 alarm.
apad

[shauney2] 16/9/2013 14:58

I still hold a few of these but had to sell into the stellar rise.They became 2 thirds of my ISA.They are highly rated which tends to exaggerate any fall.I think that rating is deserved though and could well add again if the next update is positive enough.

Results disappointed? You have let all the lobsters down there dopey.

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

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

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

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

Not mentioned on here but they awarded a £3 million contract to AVG 2 weeks a go.

[dopeylobster] 16/9/2013 14:20

Confidence in this stock is relatively low, results disappointed really and the growth is definitely slowing. There is definitely more growth to come. I wonder what effect 787 issues are having on the company and also it's contracts in India with Reliance.

[dippydodaa] 16/9/2013 14:17

absolute stinker since i bought this

[georgeg2] 16/9/2013 14:04

IMS next week, which we are desperate for!I wish I'd put my money elsewhere!

[wjccghcc] 16/9/2013 13:57

Looks like a few stops hit on that dip. Managed to pick some up at 219p.

[lurki0] 05/9/2013 19:10

Another run of silly small sells between 2 and 3 this afternoon. The same pattern occurred yesterday.

[willydoctor] 05/9/2013 16:33

Look at that Rue - your post stopped the rot! A massive rise of one penny mid spread!!

[ruethewhirl] 05/9/2013 12:52

Rue doesn't buy shares in downtrends.

[willydoctor] 04/9/2013 09:29

Praps getting in at sub 250 might be a better plan Rue - it has fallen remarkably given the positve news and persistent growth. I can only imagine that it was speculated on the basis of entry into the FTSE all share and the buying has temporarily slowed.

[ruethewhirl] 09/8/2013 11:35

Hasn't gone anywhere for three months and that drop broke years of uninterrupted higher highs and higher lows. I'm out for the time being. Back in if we get back above 280.

[ddav] 09/8/2013 08:15

I note that the 18,607 NT buy at 4.08 reported yesterday at 15:59:55 HAS BEEN REMOVED TODAY!!!

[birdsedgeuk] 08/8/2013 20:47

Prv...bomin

[lurki0] 08/8/2013 12:45

Old Mutual increased their holding today - taking them above 5%. Nice vote of confidence given the drop last week. This bounce is about to take the share price back above the 100 moving average. Suggests a reinstatement of the trend to which we've all become rather accustomed.

[ddav] 08/8/2013 11:17

Just up --- 4.08 paid for 18,607 shares out of hours "NT" yesterday at 15:59:55 ??

[cockerhoop] 07/8/2013 07:55

I'm pretty sure from reading the blog that PP wasn't aware of the size of the original contract when making his comments though generally I agree the share price did get a little ahead of itself recently on available broker upgrades and Ben Stokes relatively cautious outlook statement.