Porvair

www.porvair.com TICKER: PRV     EXCHANGE: L

Porvair is a specialist filtration and environmental technology business. It employs 563 staff, with operations in the UK, US, Germany and China.

LATEST REPORTS

 
Porvair - Equity Development Investor Forum January 2016
Published: Feb 02 2016

Ben stocks, Group Chief Executive, gives an overview of Porvair and presents their recent results. 
 
Porvair Investor Forum Presentation
Published: Apr 17 2013

Please find the presentation made by Ben Stocks, CEO of Porvair, at our investor forum on the 17th April 2013
 
Porvair at Equity Development Investor Forum 17th April 2013
Published: Apr 16 2013

Porvair at Equity Development Investor Forum 17th April 2013
 
A hidden gem
Published: Apr 16 2013

Porvair is a specialist filtration and environmental technology business with operations in the UK, US, Germany and China. It manufactures advanced filters that serve niche markets and satisfy mission critical and/or regulatory driven demand. There are major barriers to entry, and customer usage tends to be non-discretionary.
In 2012 turnover soared 12% to a record £76.5m, with adjusted profit before tax up 45% to £7.3m. Adjusted EBITDA rose to £9.3m, with net debt falling to £3.9m despite spending £3.3m in cash on 3 bolt-on acquisitions.
Today's IMS was positive: sales up 6% like for like with profits for the first 4 months ahead of expectations due to robust performances across the board, especially in gasification. Good news also came on the Indian Reliance contract, where the scope was lifted 25%.
On a sum-of-the-parts basis, our target price comes out at 230p/share.  Scope for a further rerating can come from future contract wins, profit upgrades and/or earnings enhancing acquisitions.

ARCHIVE

Foreign buyers gorging on UK stocks

Document can be downloaded here: UK plc ‘going for a song’

Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.

Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.

What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.

According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.

Happy investing. Published 27th August 2019