Just one this morning…
Porvair (PRV) – 450p – £216.8m – PER 24.6
Trading Update And Acquisition – Revenue up 6%, Profits expected to be ahead of managements expectations. Net Cash £9.7m (£13.6m last time). Small acquisition made and order books are healthy.
A nice update but for me this doesn’t look anything better than an average company. Considering the PER of 24.6, it’s not something I am going to get overly excited about.
A great weekend to all!