tejo
01 Dec 2014
Update Excellent results but wish they did not have a defined benefit pension scheme. The sp got way, way ahead of itself which I think we all agreed on and it is now slowly recovering from the inevitable adjustment which took place. The major contract may distort comparisons in the near term and we need some "base case" figures in order to make a sensible valuation. Hard to see in excess of 300p in short term
Hardboy
01 Dec 2014
Re: Pre close trading update Just doing some very rough estimates. The EPS is likely to be around 16.5 this year (based on earnings growing at a slightly higher % than sales) That puts the PE currently around 16. Because of the continued strong growth, Porvair's PE has been running at over 20 for years, so I'm guessing this is cheap.
dave297
01 Dec 2014
Re: Pre close trading update My holdings are aid for & tucked away inside my ISAs & while the company continues to grow I have no plans on selling & will buy more on weakness,mt rationale being that ,while the growth story remains intact,our SP will be much higher at some point in the future
Hardboy
01 Dec 2014
Re: Pre close trading update Yes, and the usual "earnings will be slightly better than expectations" showing once again that they over deliver. Shows there was absolutely no reason for the recent price weakness, but I doubt we'll be back above 300 any time soon.
dave297
01 Dec 2014
Pre close trading update Very solid,as expected,with no skeletons-which is always a relief !
foglight
24 Nov 2014
Re: Trading Statement Hardly an ugly duckling Dave given the rerating over the last couple of years or so but, i get your drift otherwise.(sp 262p)
dave297
24 Nov 2014
Re: Trading Statement Truth is,Hardboy,the Market & investors generally arent interested,for now,in small niche companies such as PRV.The dips ahead of results have given me the opportunity to increase my stake in the belief that the company will continue to do well & its success will ,one day,be recognised by the Market,or our Board will get Bored & sell out to a larger company who are attracted to our niche.My view is that while we are currently an Ugly Duckling the potential remains for us to become a Swan!
Hardboy
21 Nov 2014
Trading Statement The last update pushed prices into the 310s, since when, on no news, the price has drifted back to the 250s, Even the recent market recovery has not dragged Porvair with it. We usually get a trading statement at the beginning of December with out line full year numbers. Even if the recent price weakness indicates bad news is expected, we have no real reason for expecting anything other than some more great numbers.
