Hi
PRV (6/8/13 249p) have flagged a contract extension to the Reliance contract.
Digging back through the records. this was flagged as 3 times larger than the POSCO contract then at $10-$15M. Since then they have increased contract size by 25% on two occasions.
So by my estimates contract is now worth somewhere between $46 & $70M over several years.
I've been confused by the recent share price falls, and had been half expecting bad news. but this I think should help to underpin their longer term income.
I'd be interested in others views on Porvair.
as always do you own research, David