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 acquires US filter maker from CECO Environmental

By Iain Gilbert

Date: Thursday 01 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Filtration and environmental technologies specialist Porvair acquired Keystone Filter, a division of CECO Environmental, on Thursday for an undisclosed amount.
Porvair purchased the goodwill, business and trading assets of Keystone, designs and manufactures a range of filter cartridges and housings for the food and beverage, drinking water, and chemical process markets in the US, for a yet-to-be-revealed cash settlement.

As part of the acquisition, Porvair entered into a transition services agreement with CECO to transfer Keystone's business to its plant in Ashland, Virginia, in the coming months in order to fully integrate it into its aerospace and industrial division.

Keystone reported revenues of approximately $4.0m in its trading year ended 31 December 2017 and was expected to be earnings accretive once the transfer is completed.

Ben Stocks, Porvair's chief executive, said, "The acquisition of Keystone increases the Aerospace & Industrial division's presence in the US, broadening its markets and providing a range of cross-selling opportunities. Keystone brings sales expertise, distribution and a broad customer base for whom Porvair's wider product range will be attractive."

As of 1000 GMT, shares were untraded on 495.00p.

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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
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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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