Porvair (PRV)

Sector:

Energy Producers

Index:

FTSE Small Cap

604.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 616.00
  • 52 Week Low: 480.00
  • Currency: UK Pounds
  • Shares Issued: 46.17m
  • Volume: 3,126
  • Market Cap: £278.86m
  • RiskGrade: 190

Porvair makes 'good progress' in first half

By Josh White

Date: Monday 05 Jun 2017

LONDON (ShareCast) - (ShareCast News) - Specialist filtration and environmental technologies group Porvair updated the market on its trading on Monday, ahead of the publication of its interim results for the six months to 31 May 2017, scheduled for 27 June.
The London-listed company said it made "good progress" in the period, achieving revenue growth of 7%.

Profit for the period and earnings per share was expected to be ahead of the prior year, in line with management expectations.

Underlying revenue was 11% ahead of the prior period, the board said, adding that the aerospace, US industrial, seal analytical and aluminium filtration divisions all performed well.

The integration of J G Finneran Associates - acquired on 4 April 2017 - had now begun, and initial trading was said to be "good".

Progress towards commissioning large projects continued "on track" with "very little revenue" recognised compared with the prior period, which the board said was as expected.

Order books for the balance of the year were said to be "healthy".

"In addition to the acquisition of JGF, investments in the period include planned capital expenditure to provide additional capacity in the UK and US," Porvair's board said in the statement.

"Net cash at 31 May ... was close to £4m."

On 24 May, the group agreed new banking facilities on improved terms, the board also reported.

"Barclays Bank and Svenska Handelsbanken have provided a revolving credit facility of €23m for five years."

The board confirmed the interim results would be announced on 27 June.

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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 604.00p
Change Today 4.00p
% Change 0.67 %
52 Week High 616.00
52 Week Low 480.00
Volume 3,126
Shares Issued 46.17m
Market Cap £278.86m
RiskGrade 190

Porvair Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.12% below the market average77.12% below the market average77.12% below the market average77.12% below the market average77.12% 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
7.51% below the market average7.51% below the market average7.51% below the market average7.51% below the market average7.51% below the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income
83.2% below the market average83.2% below the market average83.2% below the market average83.2% below the market average83.2% 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
6.21% above the market average6.21% above the market average6.21% above the market average6.21% above the market average6.21% 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 27-Jul-2021

Time Volume / Share Price
16:14 276 @ 600.00p
16:13 14 @ 610.00p
16:13 906 @ 610.00p
16:00 5 @ 592.00p
13:55 25 @ 616.00p

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