||EPS - Basic
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Pressure Tech Share Discussion Threads
Showing 1676 to 1698 of 1700 messages
|It's lose not loose and losses not looses. I hope you're better at numbers.|
|I can't get me breath!
my retirement fund30 Aug '16 - 12:06 - 1639 of 1655 0 0
They will need to do a round of funding - equity funding would be the best option imo however they will need to get a crack on with it before this becomes a penny share imo|
|Did you loose money here on the way down then bud? That's too bad hope you've learnt from your mistakes and your looses were not to great :-) :-)|
my retirement fund
|I laughed, me mate laughed
blueball6 Nov '15 - 21:39 - 1515 of 1653 0 0
How low can this go..?
My Retirement Fund6 Nov '15 - 22:17 - 1516 of 1653 0 0
My Retirement Fund27 Apr '16 - 08:30 - 1593 of 1651 0 1
I thought this looked extremely overvalued.
Question for shareholders is can it survive?|
|This is due a significant turnaround and eventual re-rating imo.|
my retirement fund
|Interesting article on the drill ships sitting idle in cold storage:
Maybe certification work on eventual power up for PRES|
|Looking at Enquest’s first half performance I saw their unit opex was $23 per barrel down from $46 in H1 14….this ability to cut costs is a good illustration of the pressures that companies like PRES and other O&G suppliers face.|
|Exceptional costs of £4m pre the £3.3m write back makes sense as there will need to be a big write down of Intangibles. Remember non contractual customer relationships are in the books at £11.7m following the recent acquisitions and we have a further £15m of Goodwill…in fact exceptionals may be higher than £4m, especially with redundancy costs. It will be interesting to be a fly on the wall when they discuss the write downs with their auditors-though of course as it is non cash (exc redundancies) not all that relevant.|
|Thanks for the link, I seem to recall Chris Boxall is a big holder of Pressure Technologies so I'd expect him to get a good steer , my concern is precisely what the ebitda covenant or other covenant that are keeping mgt awake at night and how close to breach PRES are going to bet breaching them.|
|It's taken from the Investors Champion commentary quoting the house broker
Following the latest update the house broker has
revised estimates to an adjusted pre-tax loss of £1.4m
for the year ending September 2016 on revenue of
£36m. For 2017 estimates are for revenue of £48.5m
and a pre-tax profit of £1.6m.
Exceptional costs in the current year are estimated to
total £0.7m and result from a mix of amortisation of
acquired intangibles, redundancy costs, net of a write
back of £3.3m of deferred consideration that is no
longer expected to be paid.
With cash flow benefiting from the large orders in the
Alternative Energy division net debt is now forecast to
be under £3.5m at year end compared to previous
expectations of approx. £6m|
|Net debt now forecast to be under £3.5m at year end compared to £6m previously expected.|
|Like miavoce I do not see them as needing an equity raise. The dividend suspension will save £1.2mpa; this payment for Roota is the last one; my reading is they have low capex requirements and a good current ratio-albeit flattered by low levels of activity.
Very interested in hearing counter arguments.|
|Providing the company receives the expected payments from customers (i.e. no significant defaults) we should be alright for cash and so no need for fundraising. Prospects look pretty bright for the next financial year given that contracts are now starting to be finalised I wouldn't be surprised to see a bid from one of the large engineering firms, particularly given the potential of the AE division.|
|There is little change in outlook for the Group’s oil and gas markets which continue to be challenging and the recovery slow. Trading in the manufacturing divisions is therefore expected to remain around current levels throughout the next financial year.
In the Cylinders Division integrity management and defence work continues to take up the slack from the moribund large capital equipment arena. The significant order from the water sector is hopefully a sign of a growing presence in this market.
By contrast the Alternative Energy division looks more positive with the Group expecting “significant progress in 2017” with Alternative Energy set to be a major profit generator for the Group in 2017 and beyond.|
|They will need to do a round of funding - equity funding would be the best option imo however they will need to get a crack on with it before this becomes a penny share imo|
my retirement fund
|I took the contract delays in my stride but was spooked by the wording on the covenants and that they appear to be sailing close to the wind. Forget any dividends in the next 12/18 months.|
|Better outlook for 2017, however.|
|FULL BLOWN PROFIT WARNING
As we have highlighted previously, the outturn for the current year is dependent on the timing of contracts in this division. It is now clear that delays both in award and commencement on a number of these contracts, particularly in the USA, will have a significant impact on the expected results for the year as a whole, albeit that the 2017 financial year will be positively impacted as a result. In addition to these delays, we have also encountered some unanticipated additional legacy costs and margin erosion on a first of type project in North America. These factors, coupled with R&D spend that has been charged to the profit and loss account as part of our tax planning, will swing the division from a profit to a loss that will materially impact the Group result.
Banking and cash
The Board continues to monitor cash flow as a priority. The final payment of £2.3 million deferred conditional consideration in respect of Roota was paid in July but this will be compensated for by operational cash generation and receipts from major contracts which have been paid or are due before the year end. The Group therefore expects to meet its banking covenant tests at the financial year end.|
|Exited Superglass today with a small profit following the agreed cash offer (was hoping to hold long term for bigger gain but you can't win them all). I've been watching PRES for a while and decided that this would now be a good place to invest the proceeds of my Superglass sale. Reasons:-
- over 50% of revenue (as per last results statement) comes from overseas so weak pound will provide opportunity to increase share of overseas markets
- have been gaining market share in several areas
- alternative energy division looks like a gem for the future
- oil price improved / more stable so some confidence should return to the sector
- company appears to be really well managed
- given the very weak pound I wouldn't be surprised to see a bid come in from a big US or far East engineering co.|
|will weak sterling help?|
my retirement fund
|M&G and Aviva suspend property trusts as Brexit risks crystallise - as it happened
Pound plunges to new 31-year low as property funds refuse to let investors withdraw money after a rush of post-Brexit redemption requests
Get experimental mobile alerts for the June US jobs report this Friday
Pound crashes to $1.3000
M&G freezes fund
Aviva suspends property redemptions|