I Read The News Today Oh Boy! 8-Dec-2017

Friday, Dec 08 2017 by
8

Morning All!

Just one this morning…

Porvair ( Porvair (LON:PRV) ) – 450p – £216.8m – PER 24.6

Trading Update And Acquisition – Revenue up 6%, Profits expected to be ahead of managements expectations. Net Cash £9.7m (£13.6m last time). Small acquisition made and order books are healthy.

A nice update but for me this doesn’t look anything better than an average company. Considering the PER of 24.6, it’s not something I am going to get overly excited about.

A great weekend to all!


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Porvair plc is a specialist filtration and environmental technology company engaged in the development, design and manufacture of filtration and separation equipment. The Company's operating divisions include Metals Filtration and Microfiltration. The Metals Filtration Division designs and manufactures porous ceramic filters for the filtration of molten metals, principally aluminum. The Microfiltration Division designs and manufactures a range of filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. It is developing a range of products, including the products for the manufacture of turbine blades, solar panel manufacture and energy storage. It operates Microfiltration division through its subsidiaries, Porvair Filtration Group, Seal Analytical and Porvair Sciences. It operates Metals Filtration Division through its subsidiary, Selee Corporation. It has plants located in the United States, the United Kingdom, Germany and China. more »

LSE Price
447.5p
Change
-0.6%
Mkt Cap (£m)
204.4
P/E (fwd)
21.4
Yield (fwd)
1.1



  Is LON:PRV fundamentally strong or weak? Find out More »


1 Post on this Thread show/hide all

MrContrarian 8th Dec '17 1 of 1
2

My morning smallcap tweet:

Porvair (LON:PRV), Angle (LON:AGL)

Porvair (PRV) trading - FY earnings will beat mgmt expectations.
Angle (AGL) University of Southern California has shown Parsortix liquid biopsy can detect metastatic breast cancer from a blood sample. "Angle is working towards an FDA clearance of the Parsortix system in metastatic breast cancer with the required analytical and clinical studies targeted for completion by 30 June 2018. ANGLE is seeking to become the first company ever to receive FDA clearance for a medical device to harvest cancer cells from patient blood for subsequent analysis."

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