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Porvair

August 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PRV
  • Price:
  • 668p
Another fleeting attempt to break over £7 came to nothing, despite Porvair’s interims signalling a stronger H2 as order books across the group strengthen. Sales for H1 were up 5% to £94.6m (+8% constant currency) and pretax profit was  £10.6m, for eps of 18.1p.    The Aerospace & Industrial division recorded revenues of £40.4m, +11% and a margin of 14.6% driven by strong aerospace (+15%) and petrochemical (+43%) demand, albeit shaded by notable destocking in US Industrial, where demand is patchy. Helped by a maiden contribution from Ratiolab, the Labs arm grew 10% to £32.1m with a 14% margin. Laboratory Consumables was also impacted by destocking but started to see more consistent ordering in Q2.   Metal Melt Qua ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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