Pressure Technologies Share Discussion Threads

[paleje] 06/1/2017 16:00

Nice bit of interest showing now, not to say oil's out of the woods yet but sentiment definitely warming.

[paleje] 19/12/2016 11:29

Fair comment Cerrito, macro outlook has changed though and lets hope it continues for the better.

[cerrito] 16/12/2016 22:42

Paleje your 1678

The reason why I talked about AE being a game changer is from the following comments from page 33 of last year's AR
quote
The Group has a high reliance on the
growth of the Alternative Energy Division
in order to support the overall Group.
The growth in the coming 12–18 months
is reliant on the Alternative Energy Division
and its failure to achieve its growth targets
would have a material impact on the Group.
unquote

[paleje] 16/12/2016 09:11

With the International Energy Agency (‘IEA’) suggesting that demand for oil could outstrip supply in the next six months if Opec and countries outside the cartel can commit to the suggested lower outputs, the energy sector could offer plenty of recovery opportunities in 2017.

Our Blog assesses 4 small caps on the London market that have seen their share prices tumble over the past few years due to the moribund oil price. These underperformers could be beneficiaries of a marginally more elevated oil price and potentially enjoy some rapid share price recovery in 2017.

PRES, GTC, THAL, NBI



Need to subscribe for full article, its free though.

[paleje] 15/12/2016 00:25

Small point Cerrito, from what I see as a decent sober summary, do they actually intend AE to be be a company changer? I don't think so, diversifier yes but surely, when O&G picks up, that will be the dominant revenue earner but less reliant on it next time the sector wobbles.

If O&G recovery prospects continue to improve and become reality then broker eps forecast of 23.5 for 2018 might look conservative. Lots of water to flow before then admittedly.

[paleje] 14/12/2016 17:06

Capital gain should easily make up for the lost divi which will only be temporary imo. I like divis too and hold boring stocks like CARD and CAKE because of them but I don't mind a bit of both.

Report in today's Times says IEA anticipate demand to rise faster than thought next year, of course there will be counter views but based on the eps estimates put forward yesterday it wouldn't unreasonable to expect the share price to double by this time next year.

[petewy] 13/12/2016 18:54

I'm out, no dividend.

[cockerhoop] 13/12/2016 15:10

From Investors Champion

House broker forecasts have now been
adjusted for the discontinuation of the US
operation and for the purchase of Martract
which sees a small enhancement to their
previous Eps forecasts.
For the year ending September 2017,
forecasts are now for revenue of £49.6m,
pre-tax profit of £1.6m and Eps of 9.1p.
Looking forward to 2018, revenue of
£57.7m is forecast with Eps rising to 23.5p.
Much of the top line growth is forecast to
come from the Alternative Energy division
which should benefit from the growth in the
biogas upgrading market.
Forecast free cash flow for 2017 and 2018
is £0.8m and £3.4m respectively.

[paleje] 13/12/2016 10:39

Nuances I agree but always hard to judge, I think they're a fairly grounded lot and were well before O&G dived, benefit of the doubt from me.

Cantor have upgraded this morning from 160 to 170p buy.

[my retirement fund] 13/12/2016 10:38

For me this paints a bleak picture, I've significantly reduced my holding and had I had a crystal ball I would have sold the entire lot yesterday. I fear it may be sometime before we see yesterdays prices on offer again and in the short and medium term it looks like the chances of being paid to wait are exactly zero !

[small crow] 13/12/2016 09:08

Fewer than 10000 shares changed hands so folk aren't yet bothered one way or the other.

[longshanks] 13/12/2016 08:43

I know what you mean but I felt that despite the "bullish" tone there was an undercurrent of uncertainty and a statements of hope rather than clear expectation.

[paleje] 13/12/2016 08:22

I thought they told it as it is and played down any potential improvement in O&G, shaping the company to prosper without it but able benefit significantly when the sector gets back to sustainable growth. The loss is history and they've been open, the future is what management have done and are doing about it.

[longshanks] 13/12/2016 07:37

A lot of lipstick being displayed with the results today.They need to take care that they don't take on too many porcine or - dare I say it - canine features.Switching from declining profit to loss is the headline news here and they seem oblivious to that fact.

[cerrito] 11/12/2016 21:17

Had a trawl of the corporate PRES website and those of the subs to see if anything interesting before Tuesday’s results.
Good to see last week CSC won an order for subs being built by SAAB for the Swedish Navy-hxxp://www.chesterfieldcylinders.com/news/article.php/?uid=1480661026158- but nothing else; no new orders seem to have been won by Greenlane since the Sept 1 announcement of the deal in Quebec-possible that they have Greenlane deals which they are waiting to announce with the prelims.
Not surprising the recruitment page of CSC shows no current jobs.

[paleje] 11/12/2016 17:31

Agreed, and I don't think they'll over egg things, but since their last update at end August (extract below) things have improved with OPEC and now non-OPEC agreeing production cuts and there is evidence of investment going back into the sector so I'm optimistic.

''Looking to the 2017 financial year, trading conditions in the oil and gas market continue to be challenging and while the market is balancing, the outlook for recovery is slow. We therefore anticipate that trading in our manufacturing divisions will remain around its current level throughout the next financial year.''

[miavoce] 10/12/2016 08:39

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).

[paleje] 09/12/2016 15:46

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.

[miavoce] 01/11/2016 20:58

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
expectations."

[nw99] 01/11/2016 19:47

Weir profit warning

[larva] 01/11/2016 06:17

CNBC

Oil prices could go south of $40 a barrel if OPEC deal fails, expert says
Christine Wang | @christiiineeee
9 Hours Ago

[ricardothebrave] 11/10/2016 13:16

It's lose not loose and losses not looses. I hope you're better at numbers.