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Share Name | Share Symbol | Market | Stock Type |
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Proventec | PROV | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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2.50 | 2.50 |
Top Posts |
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Posted at 05/6/2008 16:57 by tole Big move up these last few weeks. Last broker target I had was for 14p - cicra 280p after the conversion.Intriguing sub-£20 million plays Other intriguing businesses priced at sub-£20 million include steam-cleaning and coatings technology group Proventec, which recently secured a potentially highly lucrative 14-month tender (with the option for a one-year extension) to provide steam-cleaning equipment to the NHS, as part of the battle against hospital-acquired infections. Results for the half to September were highly encouraging, revealing a fourfold revenue rise to £5.8 million and a threefold profits surge to £391,000. With analysts pencilling in 40 per cent profits growth for the current year, the 7.25p shares could rise in more favourable markets |
Posted at 10/2/2008 20:36 by jimcar Mention of proventec here. About the euronext listing.Does anyone know if this would make PROV eligible for an ISA? |
Posted at 31/1/2008 12:15 by freds13 Midas Tip 31/1/2008Proventec Epic code: PROV (Aim) Closing price (30/01/2008): 7.63p Our second stock this week is Proventec, a company that has devised a way to make hospitals and factories cleaner than they ever knew it was possible to be. The group makes steam cleaning equipment that manages to be environmentally friendly and incredibly efficient, killing bacteria so effectively that is has been scientifically ratified. The device is used by food companies in the UK and Europe and the company has just been awarded a 14-month tender by the NHS for the sole provision of specialist steam cleaning equipment. This does not mean that hospitals have to use Proventec's kit but it certainly encourages them to do so. Indeed one of the major benefits of these cleaning machines is that they can kill the superbug MRSA stone dead while patients are still lying in their beds. Other devices use bleach and other noxious substances so powerful that wards have to be emptied while they are cleaned. Proventec only uses steam so patients are not harmed even as their wards become germ-free and sparkling. The machines also tick the environmental box because they use far less water than conventional cleaning. One litre of water produces up to 2,000 litres of steam so, instead of filling up endless buckets to mop floors and wash walls, the steam machine does the job with the same amount of water as you would get in a large jug. The technology is under consideration by a number of hospitals in the UK but up to 1,000 could benefit from it. Proventec also believes there will be huge demand abroad, particularly in the US and Japan. The company is small at the moment but it is already profitable, delivering turnover of almost £5m last year and underlying earnings of £2.3m. By 2009, turnover is expected virtually to double and profits should grow substantially too. Midas verdict: Dirty hospitals are a recurrent theme in the UK and Proventec has found a way to combat the problem. A recent investor was so impressed with the technology that she bought a machine for her home and says it has never been cleaner! Proventec shares are trading at 7.63p but brokers believe it is worth nearer 14p. This stock is not hugely liquid but it is worth tracking down the shares and holding on. The price should rise significantly. Proventec: Latest share charts, news archive, other share tips, director dealing and much more... >> |
Posted at 23/1/2008 09:35 by tole Proventec - SPECULATIVE BUYCompanies: PROV 22/01/2008 |
Posted at 06/5/2007 11:29 by jonwig Thanks for that information, OnnoBass.You're absolutely correct in saying that "The market for hygienic solutions, for example in the health- and food industry offers considerable possibilities for growth in the coming years." But most earlier followers here of PROV are doubtful as to the slice it can take. There aren't many holders left, here, unfortunately I think. |
Posted at 26/5/2006 09:30 by katylied And now (post Keronite sale) PROV needs yet more cash.The valuation put on the reverse-takeover businesses continues to look as dodgy as ever... |
Posted at 28/4/2006 14:24 by jonwig Although Keronite is no longer an involvement of FLT (sorry ... PROV) some holders may want to keep abreast of Keronite developments, as an IPO is expected in due course.Here it is: |
Posted at 31/1/2006 09:07 by katylied Do I recall correctly - That PROV shareholders were to be offered shares in the Keronite flotation?... |
Posted at 12/1/2006 15:57 by katylied It is a curious situation. The reverse takeover terms promoted the value of the new businesses, at some cost to the shareholders of FLT. So far, there seems little substance to back that valuation up. Meanwhile, most speculation continues to be about the value of the old FLT portfolio. Keronite should float soon and even though FLT's holding was not huge in % terms, it could still turn out quite valuable. The IPO price will be interesting. But PROV overall, remains opaque... |
Posted at 12/1/2006 15:49 by orange1 The hike in the Hardide share price since flotation should have led to a corresponding 1 to 1.5p increase in the Prov share price. But Prov remains neglected and unloved. |
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