Share Name Share Symbol Market Type Share ISIN Share Description
Proventec Plc LSE:PROV London Ordinary Share GB00B2R1Q018 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.50p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 19.7 -22.9 -199.2 - 0.99

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Date Time Title Posts
21/6/201011:21Proventec is ready to fly219
01/11/200517:40Has Flintstone take us to the cleaners?107

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Proventec (PROV) Top Chat Posts

pugugly: Jonwig & KatyLied. Thank you for your excellent notes 165 & 166. It should also be noted I suspect that the share price of Hardie is continuing to drift and more importantly that the Ultra payments are deferred. So if Ultra is not a commercial success I would suggest that the cash could be at risk. If share sale profits are stripped out of the interims they made a substantial loss on the core businesses of £770K. Do you concur?
wowy: All very quiet here, which reflects the share price a but of biocote news
jonwig: Shares Mag is impressed, but the tip hasn't shifted the share price so far: Technology developer Proventec's (PROV:AIM) share price has fallen by a third from spring's 13.75p high during the recent market wobble. But the £22.6 million cap firm continues to make progress on several fronts and CEO David Chestnutt tells Shares, 'The plan is to speed up the spread of the message.' Proventec refinanced its debts in March, saving itself £1.5 million in annual interest payments. Disposals of non-core assets, including a stake in Hardide (HDD:AIM), raised in excess of £1 million. The Liverpool-based company now has nearly £5 million in cash and the plan is to 'make acquisitions to accelerate technology development and improve access to market.' 'We have the products, we have the data and now we need the distribution to create the markets,' adds Chestnutt. Its OspreyDeepClean arm is currently trialling its revolutionary steamcleaning products with the NHS, Starbucks and NestlĂ© and each test could soon lead to large volume commercial orders. The Magma operation has won one contract for its fire-resistant coatings for 100,000 telegraph poles in Australia and Proventec is looking to develop its holdings in Firestop and Biocote more aggressively. Chestnutt says that Firestop's fire retardant for plastics, Bizon, 'is potentially the biggest thing in the group' and major chemical companies will be testing the product over the summer. ■ Shares says: Proventec has massive potential and will look cheap if one of the steam cleaning or fire-retardant products catches on, let alone all three
mach10: I'm surprised at the slight dip today. I see this RNS as quite positive. We have the ever recurring 14p which may be established as a floor. Remember it occurred in the placing too. I like the multiples mentioned above especially series four.I guess the only downside is that there can be a conversion into 14p shares at ANY time. However apart from that this should eliminate cash calls from Proventec for six years unless there is explosive growth. I do like this bit of insurance though. "Repayment of the principal and up to one year's interest under the Loan Note are guaranteed by InnoConcepts NV, a Dutch quoted company which owns InnoCleaning Concepts Holding BV ("ICH"), a member of the Concert Party. The guarantee will remain in place until Proventec's share price is 21 pence." Well worth paying a premium for. Finally I think this share has legs because it will surely get a boost from the flotation of keronite soon and the results of the cleaning trial as mentioned in citywire. Well worth holding IMO!
ndoody: Ive still some shares, about 800 quid I think? I think its the lack of knowing what is exactly driving up the share price which makes the lack of conversation?
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.
quemaster: Sold half my holding when FLT became PROV, my thoughts were the potential big increace in share price had gone as the exciting companies had now been absorbed in to a larger "Cleaning Co"!!!!!!!!!!!!!!! This is how I saw it then, but have since bought some back as things seem to be progressing nicely and I have come to terms with this being a different set up. There looks to be some potentially good link ups with the two companies so who knows maby there was a master plan afterall.
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.
paulypilot: Hi, 2004jj - If you get any more excited, you'll explode !!! :-) The truth is surely that we don't know why the share price is rising, but it's very welcome anyway. Edit: actually no, I'm wrong. We DO know why the share price rising - because someone is buying large chunks in the market. But we don't know why they are doing that. Presumably though, if people were prepared to pay 14p in the recent Placing, then they would be very happy to buy stock in the market at 8-9p ? Regards, Paul.
jonwig: Jimcar. That's true - legacy assets are ~7p/sh (I calculated them in an earlier post). The old FLT was owed ~£0.73m by the investee companies at 31 March. Just how much profit Biocote and Keronite will contribute is anyone's guess. The £2.7m pbt for the cleaning cos was reached by taking the highest full year figure and rounding it up. But they do say these cos made a loss in the 6 months to June. So that could be hopelessly optimistic - we just don't know. But look at the spike in FLT's share price March-April this year ahead of the HDD float, about 7p-14p. If you go back to the FLT thread at the time, the hype was incredible: 20p minimum, 50p even! Post-event, the shares walked back down to 9p or so. So, a history of disappointment here. And getting the NHS to actually buy stuff ...
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