Does that mean you sold, Halifax? I have banked a little profit just in case, but PRV remains one of my largest holdings.

More good news today - filters for nuclear remediation contract with UK government. Results to Nov 2012 due shortly and unlikely to disappoint but always dyor.

Excellent results today for year ending 30th Nov. Still quite a small business and whilst "we expect reveune to grow at a more moderate rate in 2013" their work on improving margins in last few years suggests to me that profits may surprise on the upside. Not the bargain it was, but after banking some profit earlier, still locked away in my ISA. Always dyor.

Another possibly very lucrative contract announced today, with Reliance Industries in India. This is not yet a large business and such deals might grow the bottom line quite rapidly. Warm feeling remains, but always dyor.

very much regret selling these with a very satisfactory profit some months ago.

Hitting new highs. Not sure how long it will last, but enjoying the ride.

AGM Statement, IMS and Contract extension

Porvair plc ("Porvair"), the specialist filtration and environmental technology group will today, 16 April 2013, make the following Interim Management Statement at its Annual General Meeting:

Porvair has made a good start to the 2013 financial year. In the four months to 31 March 2013, revenues are around 6% ahead of the same period in the prior year at constant currency and profit before tax is ahead of the prior year.

The outlook for the coming months is encouraging. Order books have strengthened significantly over the period with the addition of an £11m order from the UK government and the contract for gasification filtration announced on 13 February 2013 with Reliance Industries in India. Work is already underway on both projects. In the last few days further modules have been ordered by Reliance Industries, increasing the scope for that project by a quarter. As previously announced the financial impact of this work is expected to be spread over several years.

The Company will be announcing its interim results for the six months ending 31 May 2013 on Monday 24 June 2013.

Continuing its good run, with the benefit of the AGM statement. Revenues for year to Nov 2012 were £76M. The recent new large contracts £11M from UK gov, $10M from POSCO and estimated $37.5M from Reliance Industries will make a big difference, even if they are spread over 3 or 4 years - and with Reliance already increased from estimated $30M (no specific figs given, but said to be three times POSCO) there may more to come. It remains to be seen whether they can handle these big one-offs, and also what margins they produce, but with some similar engineering processes on them I am hoping for good things. Always dyor.

Another solid trading update today, accompanied by promising looking small acquisition. PRV has habit of over delivering in recent years and half year results due later this month should not disappoint. Don't expect too much from the large one-off engineering contracts yet (provisions for warranties likely to defer much of the profit there, but should come through eventually and the cash flow should be good) but core business also looks to be going well. Always dyor.

Decent half year results (eps up 23% on 7% increase in constant currency sales) and growth story remains intact. Large one-off contracts had only marginal effect and these will benefit more in next few years. Looking quite expensive on fundamentals, but "management's expectations for the year have increased". They have a habit of over delivering, so leaving mine in the ISA. Always dyor.

RNS positive trading statement sp up 5% @244p

SP 268P well up ahead of results due end of November, looking good for 300p.

Recent sp uplift perhaps helped by end of Sept announcement of licensing agreement with Thermo Fisher Scientific and another small add on acquisition. Thermo is $35Bn market cap business and a quick look suggests it could buy PRV from loose change if it wished. Results later this month again unlikely to disappoint, but always dyor.

Excellent pre-close trading update today, again over delivered. Not cheap, but mine locked away in the ISA. Always dyor.

Splendid results again today and propsects for 2014 encouraging. Excellent performance over last 5 years. Not cheap, but imo remains good long term value. Always dyor.

A bit of a fall here today.

StockMarketWire.com
Porvair, the specialist filtration and environmental technology group today, 16 September 2014, makes the following Interim Management Statement.

"Porvair continued to trade well. In the nine months to 31 August 2014, at constant exchange rates, revenue was 32% higher than in the first nine months of 2013. Profit before tax, in line with management's expectation, was well ahead of the prior period.

"Revenues in the Microfiltration division were 40% ahead of the prior year. Manufacturing activity on the large POSCO, Reliance Industries and UK Government contracts contributed £17m to revenue during the period.

"Underlying growth, excluding the one off impact of the large projects listed above, was 9%. Aerospace revenue continued to grow steadily and Seal Analytical traded well throughout the period. Order books for the final quarter are healthy.

"Metals Filtration division performed well and revenue, in constant currency, was 15% ahead of the prior year. Market share gains continue to be made, particularly in iron foundry filtration. The new plant in Wuhan, China, is performing as expected and revenue from aluminium filtration in China has been strong.

"£3.9m has been invested during the period in new facilities and additional plant to increase capacity. The new facility in New Milton is on schedule to open around the end of the calendar year and construction has commenced on a plant extension in Caribou. Net debt of £0.3m is significantly lower than at the same time last year."

Another splendid IMS from (imo) a splendid business. Not put a foot wrong in my view over last five years. Not many can grow sales at this rate and still generate enough cash to fund that growth plus also virtually all cap ex. One day, maybe, they will catch the eye of a predator, but happy to hold mine in the ISA for as long as it takes. Always dyor.

StockMarketWire.com
Porvair has won a new contract expected to be worth more than $10m. Its Microfiltration division has signed an agreement with a Chinese state oil company to supply char filtration equipment to a coal-to-substitute natural gas (SNG) gasification project to be built at an oil refinery in Guangdong, China.

Deliveries are expected to commence in 2016 with commissioning during 2017 and 2018.

CEO Ben Stocks commented:
"Gasification filtration is an important market for Porvair and this is another significant contract win. The project uses similar technology to that supplied to POSCO, Reliance and SG Solutions and is similar in scale to the POSCO installation.

"After-market opportunities exist for all four projects, and a set of spares for POSCO will be shipped in 2015."

StockMarketWire.com
Porvair has booked a FY pretax profit of £8.4m, up 10% on the year. Revenue was up 23% to a record £104.0m. It recommended a final dividend of 2p a share, taking the FY to 3.2p a share, up 10%.

CEO Ben Stocks said 2014 finished well and order books going into 2015 were healthy with the fundamentals of the markets in which Porvair operate looking satisfactory.

"All key initiatives are progressing well and new product development pipelines are promising. Capacity investments made in 2014 and planned for 2015 will allow for growth. The Group has a strong balance sheet, a positive start has been made to the year and the Board looks forward with confidence."

Separately, Porvair announced it has secured spares orders with three of its gasification customers to provide filter elements to installations in the USA, India and Korea. In total the orders amount to additional revenue of $5.5m.

Stocks said: "We are pleased to have received initial commissioning spares orders in what we hope will become long term supply arrangements with POSCO of South Korea and Reliance in India to support their gasification installations.

"Our US customer will take delivery of a re-designed set of spares in 2015 that we expect to have a longer operating life. The new design is proprietary and will strengthen our position in this market."