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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Proventec | PROV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.50 | 2.50 |
| Top Posts |
|---|
Posted at 15/7/2009 09:14 by investinggarden Proventec Raises 1.5mNews story from Growth Company Investor |
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 27/10/2007 08:50 by onnobass A quote from the halfyearly results of Innoconcepts:Proventec PLC, in which InnoConcepts holds a 38% interest, reported strong results over the financial year ending 30 March 2007. Net profit increased by 128% to more than GBP 1 million. At least as important was the completion this spring of the acquisition of an 80% interest in Contico Manufacturing Limited in Redruth, UK. Contico is one of the oldest and most prominent English distributors and producers in the field of cleaning products. The acquisition gives Proventec as a group a greater critical mass, and what is more the company saw a considerable increase in its international effectiveness. Proventec is expected to continue to grow in the coming period, both through organic growth and through acquisitions. Point of focus is the (still) limited liquidity of the share, which is listed on AIM, and thus the limited access to institutional investors. Together with InnoConcepts, Proventec is now studying options to improve this situation, partly in order to further facilitate its future growth by using its stock exchange listing. Yes, you are right. I'm still dreaming. |
Posted at 14/3/2006 07:43 by jonwig Sold off the Keronite stake:Proventec Plc (AIM:PROV), a provider of specialist steam cleaning and coatings technologies, today announces that it has sold its 12.57 per cent. holding in Keronite plc ('Keronite') for an undisclosed sum, following the Company's stated strategy of exiting its non-core investments. But they'd have got more by waiting post-float I imagine. Short of cash? Hardide stake could be sold from next month, I think. Ultra-Motor of dubious value, and Biocote will be retained. So investors in this will have no excuses now... |
Posted at 09/3/2006 09:15 by orange1 News today regarding the company's 8.5% fixed rate convertible loan note issued in August 2005 as consideration for the acquisition of InnoCleaning:* the loan note has been sold to new international investors (who strenghten the Company's funding base). * the terms of the loan note have been amended to change from a seven-year amortising loan instrument to a single bullet repayment with premium in December 2012 * this has immediate cashflow benefits of #1,500,000 per annum * there is an immediate loan of #2,625,000 from the former owners of InnoCleaning to enhance cashflow and accelerate growth of the Proventec Group |
Posted at 04/11/2005 07:38 by londonmetro jonwig - it was new news to me.If you go to www.keronite.com and click on investor relations it says March 2006. I'll stick with that for the moment. Had not heard of it before - hence take a slightly different slant on it! Certainly havent seen anything official from the company. Either way it will prove very good for PROV. All IMHO |
Posted at 02/11/2005 12:53 by paulypilot Hi,2004jj - I have to be straight-talking here & tell you that your breathless ramping posts are both unwelcome (as they are dishonest IMO), and counter-productive. Counter-productive, because more experienced investors (who have a lot more dosh than the average advfn user) just start to question whether the share price rise is sustainable, or is just a ramp. To be honest, you'd be doing the share price more of a favour by keeping quiet. Or just posting sensible stuff in moderation. I intensely dislike these Boards being manipulated by anyone to try to move the share price. The share price will look after itself, these Boards are here for us to discuss things sensibly. It's understood that holders of shares are bound to be enthusiastic about the company, but there are limits ! No offence, I just think you need to reconsider your current posting style. Paul. |
Posted at 01/11/2005 08:36 by 2004jj Ultra Motors ?Ultra Motor Company Limited www.ultramotors.co.u Electric motor technology Overview Ultra Motor Company Limited has developed a range of super efficient high torque, direct drive, brushed electric motors. Applications for the motors range from cars, cycles and boats, to chair lifts and medical hoists. The company can provide tailor made systems for a wide range of existing and emerging applications. Market Overview and Competitive Advantages All the company's motors are based on advances in brushed DC Motor technology and incorporate electro-mechanical configurations such as "transverse and planar coils", "harmonic offsets", "hybridised permanent magnets" and "switched reluctance-induction * The company's patent pending motor architecture is able to generate torque of up to 200 Newton meters (147 lb/ft) per kilowatt of power 50 per cent more than the best of the rest. * Additionally, where weight saving and size are paramount, the ultra-compact motors can squeeze a record breaking 57 Newton meters (42 lb/ft) of torque out of every kilogram. * For durability, the motors have only one moving part. Power is not compromised and what's more, with no gears to go wrong, the motors are virtually maintenance free. * The motors can be driven by any energy source from mains electricity (transformed), batteries, solar cells to fuel cells and from other renewable sources such as wind, wave and tidal turbines. With no gas, particulate or noise emissions, the motors finally provide the definitive answer to electric propulsion. Background and Update Since June 2003 and following the initial investment by Flintstone, the technology has gone from strength to strength. Following exhaustive testing at Southampton University, the motors have been presented at a series of road shows in India where there has been considerable interest from bike and engine manufacturers who are looking to develop and sell the technology directly to the Asian market. Ultra Motor issued 40,000 equity shares in March 2004 to a new investor for £625,000. Flintstone currently owns 44.4% of Ultra Motor. |
Posted at 31/10/2005 16:00 by paulypilot Hi,2004jj - you should be careful starting unsubstantiated rumours like that. It's actually illegal & doesn't go down well with investors anyway, as you just look like a ramper. Paul. |
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