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Pressure Tech Share Discussion Threads
Showing 1676 to 1697 of 1700 messages
|The outlook statement in the results will be the key driver for the short term price (unless there is a surprise in the green energy division).|
|Results Tuesday I think, which will be poor as already advised. The acquisition seems to have been ignored but it sounds sensible to me and with O&G outlook improving I think better times ahead, have always been good management here just got stuck in the sector rut.|
|Whilst Weir did report that fully year profits would be slightly below expectations it was pleasing to see that that an improvement in old & gas is anticipated. Looks like things may be on the cusp of a positive turn.
"There are signs in the Group's third quarter performance that our core
markets have started to improve. Minerals aftermarket orders returned
to growth and North American Oil and Gas customers started planning for
higher activity levels next year. The Group's trading results reflected
the low point in the North American oil and gas market and tougher
conditions in the Middle East.
"Assuming commodity prices remain supportive, we anticipate further
sequential growth for the Oil & Gas division in the fourth quarter but
little improvement in the pricing environment. Given conditions in the
Middle East as well, we now expect the division to be around breakeven
in the fourth quarter and slightly lossmaking for the full year. The
combined outlook for Minerals and Flow Control is unchanged. Therefore,
including a small further foreign exchange benefit, the Group's full
year 2016 profits are expected to be slightly lower than current market
|Weir profit warning|
Oil prices could go south of $40 a barrel if OPEC deal fails, expert says
Christine Wang | @christiiineeee
9 Hours Ago|
|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