Fag end investing
In practice:
Molins and Porvair, wheezing and puffing
Whichever way you look at it, Molins’ (MLIN) price earnings ratio is very low. The shares cost just one times last year’s earnings, or nearly 1.5 times the average of its last ten years of earnings. The share price is just one fifth of its book value, the accounting [...]
On filters, feedback and the future
In practice:
Porvair fits the Thrifty 30 template
Finding the balance sheet is much easier when companies take the trouble to bookmark their electronic annual reports.
Porvair (PRV) does, thankfully, and the company fits the Thrifty 30 template. The shares are cheap, its 10 year PE ratio is nine, and it owns more than it owes (shareholders’ funds [...]
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