Porvair (PRV)

Sector:

Energy Producers

Index:

FTSE Small Cap

620.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 620.00
  • 52 Week Low: 480.00
  • Currency: UK Pounds
  • Shares Issued: 46.17m
  • Volume: 9,897
  • Market Cap: £286.25m
  • RiskGrade: 190

Porvair expects annual results ahead of forecasts

Date: Wednesday 04 Dec 2013

LONDON (ShareCast) - Filtration and environmental technologies group Porvair said it expects to report full-year results ahead of expectations.

Revenue for the year through November, at constant exchange rates, is 10% higher than the prior year, according to a trading update on Wednesday.

The Microfiltration division has achieved a 16% rise in revenue, driven by significant activity from contracts with steel making company POSCO, Indian conglomerate Reliance Industries and the UK government.

The Seal Analytical division, a manufacturer of water quality analysis equipment for environmental and industrial laboratories, has also traded well. Thomas Cain, which was acquired in September 2013, is trading as expected and has made a positive contribution to Seal's performance.

Trading in the Metals Filtration division improved in the second half, after a quieter first half, and revenues for the full year are in line with last year.

A new plant in Xiaogan, China, has been completed on time and budget and production from the plant has begun.

Porvair has spent £3m on acquisitions in the year but strong operating cash flows have reduced net borrowings in the year by £4m to leave the group with a small net cash surplus.

Shares were up 2.80% to 292.72p at 09:30 on Wednesday.

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Porvair Market Data

Currency UK Pounds
Share Price 620.00p
Change Today 18.00p
% Change 2.99 %
52 Week High 620.00
52 Week Low 480.00
Volume 9,897
Shares Issued 46.17m
Market Cap £286.25m
RiskGrade 190

Porvair Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
0.31% below the market average0.31% below the market average0.31% below the market average0.31% below the market average0.31% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
83.03% below the market average83.03% below the market average83.03% below the market average83.03% below the market average83.03% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
5.89% above the market average5.89% above the market average5.89% above the market average5.89% above the market average5.89% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Porvair Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Jul-21 29-Apr-21
Paid 27-Aug-21 04-Jun-21
Amount 1.80p 3.30p

Trades for 29-Jul-2021

Time Volume / Share Price
16:35 330 @ 620.00p
16:26 60 @ 618.00p
16:23 14 @ 596.00p
16:20 10 @ 618.00p
16:06 250 @ 583.80p

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