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PRES Pressure Technologies Plc

40.50
-1.50 (-3.57%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pressure Technologies Plc LSE:PRES London Ordinary Share GB00B1XFKR57 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -3.57% 40.50 40.00 41.00 42.00 40.50 42.00 36,093 11:21:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fluid Powr Cylindrs,actuatrs 31.94M -679k -0.0219 -18.49 12.58M
Pressure Technologies Plc is listed in the Fluid Powr Cylindrs,actuatrs sector of the London Stock Exchange with ticker PRES. The last closing price for Pressure Technologies was 42p. Over the last year, Pressure Technologies shares have traded in a share price range of 24.00p to 44.50p.

Pressure Technologies currently has 31,067,163 shares in issue. The market capitalisation of Pressure Technologies is £12.58 million. Pressure Technologies has a price to earnings ratio (PE ratio) of -18.49.

Pressure Technologies Share Discussion Threads

Showing 1651 to 1672 of 2525 messages
Chat Pages: Latest  77  76  75  74  73  72  71  70  69  68  67  66  Older
DateSubjectAuthorDiscuss
14/6/2016
17:33
not sure what your laughing at?
my retirement fund
14/6/2016
17:13
I'm amazed that is not trading sub £1 , I'm guessing there is an insti accumulating on the basis that PRES markets in oil and gas will bounce back, eventually, my concern is to put my capital at risk I needed a hefty dividend , when RDSB yields 8% and CIU not far off why wait in this stock?

I'll keep watching but they need a monster H2 order take and or trading result to justify current M/Cap imho

Btw what is the 10m loan?

rhomboid
14/6/2016
14:01
Terrible results. It's about a year since I sold out. Still too early to get back in. Price has held up quite well all things considered. Think its heading below a £1 in my view.
topvest
14/6/2016
11:03
MRF,

Did i miss the bit about the sale and leaseback of Meadowhall site? LOL

cockerhoop
14/6/2016
11:01
Cash flow from operations was £2.2m which at the current time in O&G is surely the most important metric.

Why investors seem to be tied to PE ratio as their only valuation tool is beyond me. Especially in cyclical industries.

From todays results

Positives
Roota and Al-met starting to see an tick up in business and gaining accreditation for work within the nuclear industry.

Greenlane order book increasing and delays bizarrely positive as it'll not now hit earn out targets but orders have not been lost saving over £3m cash. Expected to be profitable by at least £1m in H2

Negatives
Hydratron and Quadscot subdued

CSC having to rely on Defence markets for the foreseeable

cockerhoop
14/6/2016
10:05
Need to read notes to the accounts - Loss at the operating level - Only in profit by writing back provisions - Forward vision very unclear. (imo)

Should now be rated as a small but specialist engineering coy with a forward p/e of say 10-12 maximum (imo) - Appears to me to be ex-growth for the moment,

Declaration - Used to hold and sold but considering re-entry but (for me) not yet.

pugugly
14/6/2016
06:14
Forecasts which were sadly never met
2015 ....... £69.8m, ... £8.4m, ... eps 46.5p


Instead


bloddy ell fire. Disaster



· Revenue of £17 million (2015: £32.1 million)

loads of men looking to bang metal but no orders coming in, load of poo

dlku
06/6/2016
19:24
BBC one show has a feature about dairy farmers turning to biogas to make money due to the demise of milk prices. Hopefully, green lane should get a good share!
coppertrader
10/5/2016
11:24
Cerrito - OK, thanks.
jonwig
10/5/2016
11:22
we were told at the 2015 AGM that the site is outside the HS2 exclusion zone..though recognize they could change the route
cerrito
10/5/2016
11:17
Just for information - a poster here a few years back gave a link which seemingly showed the HS2 route scything through their works. It certainly passes Meadowhall station, which is only across the road.

It wouldn't make sense to attempt a real estate deal at present, and I wouldn't be totally confident that HS2 in its present form will happen.

[Just a thought - I haven't held these for some time.]

jonwig
10/5/2016
11:11
You're probably right - I did just bump into John Hayward coming out of the Meadowhall Branch of HSBC!!! ;-)
cockerhoop
10/5/2016
10:44
I suspect a sale and leaseback is being negotiated as we speak.
my retirement fund
10/5/2016
06:56
Capital intensive factories are highly disruptive to move and buying the site makes commercial sense.

You can see why Industrialists get frustrated with the short term outlook of the stock market

zoolook
09/5/2016
22:40
MRF,

Shortsighted? Surely that would have been to continue renting at £550,000 pa until lease ran out in 2020 and then suffer the pain, disruption and cost of moving heavy plant to another site (should they be able to find one).

I believe the management made the right decision in paying £3m to secure the freehold. In an emergency they could easily carry out a sale and leaseback which would be far more sensible than having to move.

Feel free to append a list of available sites, cost of rental and date of availability - as you said it shouldn't be difficult.

cockerhoop
09/5/2016
21:55
one more warning to come, possibly related to bank covenants
dlku
09/5/2016
21:49
My understanding is that the Glasgow project is not Gas to Grid plant so would not use Greenlane products.

They do subcontract the manufacture and installation of their equipment though.

cockerhoop
09/5/2016
09:17
I am a shareholder in IRV whose share price has been hit by a big write down in the Glasgow energy from waste contract which to the best of my knowledge Greenlane is not involved in. One issue has been supply chain issues.
I have to say I am not clear in my mind the level of contractual risk that Greenlane are taking in their deals and if they are the main contractor and hence on the hook for subcontractors. Of course no doubt there have been instances where in a project they have done their bit but have had issues getting paid as another party has not done their bit so that full commissioning cannot take place.
They talk about their project management offering .
A question if I make the next AGM

cerrito
28/4/2016
13:28
MRF,

You really don't have a clue what PRES do, do you? Their current building was the only one large enough to accommodate the ULTRA LARGE (clue in name) cylinders when they moved from Chesterfield to Sheffield. The ongoing savings in buying the property are substantial and they now have security of tenure.

BTW they expect to be cash flow positive this year.

cockerhoop
28/4/2016
13:16
Indeed RCt and what about the purchase of the Sheffield property? Now they are going to have to remortgage and offer such assets for expensive loan agreements simply to maintain cash flow.They could have kept renting and rhen later relocated to a cheaper smaller facility and been in a far far more solvent position.
my retirement fund
28/4/2016
12:34
zoolook, that was true up until the final acquisition which pushed them from a net cash position to net debt.
rcturner2
27/4/2016
16:15
Conversely you could say that they were fairly fortunate (astute) in being able to acquire companies by issuing paper when the share price was £6+ rather than taking on debt. Some of the acquisitions have turned out better than others. If Greenlane delivers as it looks like it should it will be a mega bargain
zoolook
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