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PROV Proventec

2.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Proventec LSE:PROV London Ordinary Share GB00B2R1Q018 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.50 GBX

Proventec (PROV) Latest News

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Proventec (PROV) Discussions and Chat

Proventec Forums and Chat

Date Time Title Posts
21/6/201012:21Proventec is ready to fly219
01/11/200517:40Has Flintstone take us to the cleaners?107

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Proventec (PROV) Most Recent Trades

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Proventec (PROV) Top Chat Posts

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Posted at 21/6/2010 12:21 by aaainvestment
jonwig - I never bought back in, fortunately, I made money during the dual listing episode so facied another bite at the cherry.

I had similar concerns to you, but couldn't understand why they kept buying things and developing new products if they hand no money, well its history now, even if they are rescued the inner circle of shareholders and creditors will exact a huge price.

I'm sure many of the management teams of these small companies actually engineer a company failure so that they can pick up the pieces and make themselves rich; its done so many times and the buyer usually appears almost from nowhere within hours or a couple of days.

I detest the weak British company law that allows so many manager to walk away from companies they have ruined with their pockets full.

Maybe I'm being harsh, but we'll see soon, best you luck to all.



All IMO, DYOR
Posted at 23/4/2010 09:38 by aaainvestment
I bought into this when the Euro listing occured, I was one of the last purchasers at the old price and made a nice profit of a few hundred pounds when I sold up.

However, I liked the companies product line then and still do, on the face of it they have good products and established routes to market.

The problem for me is that I'm no expert and would appreciate anyones views on if the so-called revolutionary products work?, are they ahead of the competition?, is there a real market? and why are customers not snapping them up if they are so good?

I first looked at this company after reading an article (FT I think) which suggested it was a high risk tiddler to watch, well I've watched and little has happened except a collapse in SP, but still have a sneaky suspicion that it could be a winner - any thoughts?
Posted at 05/6/2008 18:24 by jimcar
It started rising when the share was quoted in Europe as well as on AIM. I wonder if some European investrs know something that we don't?
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 31/1/2008
Proventec
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 BUY
Companies: PROV
22/01/2008
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 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.
Posted at 29/9/2005 09:11 by maytrees
And another PROV share price tick up.

Successful placing at 14p announced within
the last couple of days, does seem (so dyor) to
make individual investing at c.10p worthwhile.

The 9.35p buys posted above, already in profit
Proventec share price data is direct from the London Stock Exchange

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