Hardboy
29 Jun 2015
Interims 8% underlying growth. EPS up 15%. Lots of investment in new sites, but still increasing their net cash position. Dividend up 8%. THe share price is not cheap, but this business continues to be going in the right direction. Onwards & Upwards!
tejo
02 Jun 2015
trading update Agree entirely.
dave297
02 Jun 2015
Trading Update As ever,no surprises & encouraging & leaving me relaxed about maintaining my investment here.
Hardboy
14 May 2015
Re: New Highs I'm with you Dave - as long as the business is growing profits & sales at the rate they have been in recent years, I'll stay in. The share price has been a bit disappointing till very recently, but there was a lot of growth built into the price, so maybe it has just been playing catch up.One minor correction - it has been higher 11-12 months ago; but these were a couple of spikes. The current trend looks much steadier and more reliable.
dave297
14 May 2015
New Highs Great to see our SP reach a new high & it will be interesting to see whether any news will be announced to substantiate the rise.Volume is very low & todays rise may just be a MM tactic to try to flush out a seller or two-but I will be keeping mine.
Hardboy
14 Apr 2015
Quarter 1 The trading update is what we've come to expect: sales up, marginally ahead of management's expectations, all major projects finished on schedule & budget, good order book, and things looking good. After a year or so of going nowhere the share price is beginning to look closer to fair value now.
II Editor
26 Jan 2015
NEW ARTICLE: Record-breaking Porvair at a discount "LSE
RVorvair broke records in 2014. The specialist filtration firm generated more income than ever and profits easily beat expectations. That, and a better tax rate, sparked a round of earnings upgrades, yet the shares still trade at a huge ..."[link]
foglight
26 Jan 2015
Re: Finals Contract news Company continues to progress and has done particularly well in Microfiltration. Good to see Company mentions its development pipeline. Management seems well up to the job and I continue to hold.(sp 303p)
Hardboy
26 Jan 2015
Re: Finals + Contract news Well done, Dave, quicker off the mark than I was. Yes, award of 3 new juicy contracts in good news, on top of strong full year results. Metals filtration has performed well, and there is no mention of the end market weakening. They've turned net debt into net cash despite significant capex. The only real downer is the pension deficit, which will take 13 years to erase. I would expect the results to give the share price a boost, but we're still siting on a PE of 20, so it's still not cheap.
dave297
26 Jan 2015
Finals + Contract news Todays news of very solid results an increased divi & new $5.5mill contracts could help propel our SP back above 300P
dave297
25 Jan 2015
Re: $10 mill contract Nearly there!
Hardboy
16 Jan 2015
Metals Filtration Has anyone got a feel for whether the Metals Filtration business is going to be/is being hit by the slump in mineral prices?
dave297
04 Dec 2014
$10 mill contract Apart from being a substantial contract with The Chinese it also endorses our expertise in that business area which will hopefully result in more similar contracts.300p may be nearer than some thought.
dave297
02 Dec 2014
Peel hunt targets 342p
Hardboy
01 Dec 2014
Re: Update "The major contract may distort comparisons in the near term and we need some "base case" figures in order to make a sensible valuation"I am sure we will get this at the results stage. They have done so on previous announcements. At the 9 month stage underlying (i.e. excluding special projects) sales were up 9%. Bear in mind the special projects may be one offs, but they are using resources which, when the projects have finished, will be spare capacity to grow the underlying figures too. This is just a quick snap shot 7 hours after the period end. They can give accurate turn over figures, but profit figures take a bit more working out.
