Pressure Tech Share Chat (PRES)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Pressure Tech	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
	+0.50p	+0.39%	129.00p	125.00p	133.00p	129.00p	128.50p	128.50p	39,398	15:08:31

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Engineering	55.6	0.6	4.9	26.3	18.68

Pressure Tech Share Discussion Threads

Showing 1751 to 1775 of 1775 messages

Chat Pages: 71 70 69 68 67 66 65 64 63 62 61 60 Older

Date	Subject	Author	Discuss
01/9/2017 13:42	Sharescope are showing Cantor Fitzgerald's revised forecasts as: Turnover 40.9 48.2 54.0Profit b/f tax 0.2 3.7 4.6eps 0.8 20.7 26.1Dividend - 1.5 2.5 I have topped up and dipped a toe into GDWN on the strength of PRES's comments about the O&G market.	wilmdav	Read Full Thread Reply
31/8/2017 21:10	Must be tough playing bad hands for so long. Their time in the sun will come again	zoolook	Read Full Thread Reply
31/8/2017 20:44	Cerrito, Thanks for the link, I did look for a new Investors Champion article earlier but it hadn't been published. Greenlane seems to be suffering from Brexit/General Election govermental paralysis of the progression of the RHI in the UK and Trump being anti-environment in the US.	cockerhoop	Read Full Thread Reply
31/8/2017 20:33	Very disappointing and have sold out here now. The revised forecasts still look vulnerable to me and the balance sheet now looks quite precarious.	solooiler	Read Full Thread Reply
31/8/2017 20:33	Thx cerrito Having read that note I see little reason to buy the shares at this point, £11m debt & £0.2m profit suggests a covenant issue must be close at hand.	rhomboid	Read Full Thread Reply
31/8/2017 20:22	The Investors Champion article has useful info on broker's expectations. My reading of it is that the reason they are not getting the AE deals is not that they are loosing them to competitors but for whatever reason they are not happening. While they are right to say that a good case can be made that the PMC valuation supports that of the whole group I am not rushing in to buy more.	cerrito	Read Full Thread Reply
31/8/2017 18:35	PRES has sent me this link to an Investors Champion article published today hxxp://www.investorschampion.com/channel/company-comment/pressure-tech-manufacturing-divisions-doing-nicely-but-alternative-energy-c	cerrito	Read Full Thread Reply
31/8/2017 12:06	There are elements of this company that I really like and I believe the biogas upgrading business is a good long term reason for an investment However with their bread and butter business so heavily tied to oil exploration which will not be spending quite so freely in future I worry for the company to be able to truly focus and flourish Still on my watch list but yes I can see repeated profit warnings and ongoing deterioration in the share price	longshanks	Read Full Thread Reply
31/8/2017 12:01	Given the wide bid/offer spread I did not sell this morning and the fall has been pretty much what I anticipated I have sent the following to the FD and let's see what if anything comes back; if any of you have the time/energy to write in a similar vein all the better quote Dear Joanna Allen I write as a private shareholder of 6 1/2 years vintage and I have been to a couple of AGM's in recent years. I have read today's announcement carefully and was pleased to read that you are well controlling the cash flow. I have a couple of questions and I would appreciate if you could arrange that someone get back to me. You say that results would be materially behind market expectations; you may know that private shareholders find it difficult to get a true understanding of market expectations especially for thinly covered companies like PRES and for us it is always useful if companies can spell out what these expectations are. I have a figure of pre tax £1.6m and I wonder if this is a figure you recognize. Incidentally I have a figure of £4.2m for next year. The other figure is the breakdown of the expectations: you stated that you anticipate the manufacturing divisions at least meeting current expectations(and that chimes in with the narrative) but because of the shortfall in AE on an overall corporate basis you will fall materially behind. It is very difficult for shareholders to know this breakdown between manufacturing and AE and once again I would appreciate if you could arrange for someone to get back to me with details of tis breakdown. I need to say I anticipate sharing this information on the bulletin board. I have December 12 in my diary. While I am sure you will have your normal informative presentation on the website, what I find useful is a webcast-even if sound only-of the presentation especially the Q&A with the analysts. Thanks and I hope I can make the AGM early next year.	cerrito	Read Full Thread Reply
31/8/2017 10:02	With this management team I wouldn't be too sure!	meijiman	Read Full Thread Reply
31/8/2017 09:24	I don't usually buy on profit warnings but surely this is the bottom. Isn't it?!	foxman14	Read Full Thread Reply
31/8/2017 08:09	Crash. So what about cashflow? Can they extend their banking facilities further or do a fund raising to advert insolvency?	my retirement fund	Read Full Thread Reply
31/8/2017 07:55	Not good - Already marked down 17% before open - How much further ? Will it break £1.00 ? https://www.investegate.co.uk/pressuretechnologies--pres-/rns/trading-update/201708310700053680P/	pugugly	Read Full Thread Reply
12/7/2017 09:12	Gonna fall to record lows by the way its going	my retirement fund	Read Full Thread Reply
14/6/2017 09:40	Pressure Tech: the clouds are starting to lift...the valuation looks modest Big opportunity in North America Interim results from the specialist engineering group suggest the operating climate is improving with the Group well placed to benefit from the restructuring of the past few years and a significant opportunity in North America.. The Group’s PMC Division looks in good shape and one could argue supports the current market valuation of the Group on its own. A U.S. Dept of Agriculture 'Biogas Opportunities Roadmap' highlighted the massive opportunity in the U.S. for biogas systems...... http://www.investorschampion.com/channel/company-comment/pressure-tech-the-clouds-are-starting-to-lift...the-valuation-looks-modest	paleje	Read Full Thread Reply
13/6/2017 23:22	One noteworthy feature is the great stability of their shareholding base-the last holdings RNS was Oct 5 2015. Let’s hope that Hargreave Hale with 5.6% remain patient.	cerrito	Read Full Thread Reply
13/6/2017 22:06	Cerrito: Excellent point you have made there re intangibles - Always worries me with ratios that you have just pointed out - Gives very little wriggle room in a downturn. Thanks for posting it so clearly.	pugugly	Read Full Thread Reply
13/6/2017 19:55	Cerrito - banking covenants are usually set well below going concern tests and unless there is immediate cause for concern (eg the banks remove facilities following breach of covenants) I believe going concern is only reviewed at year end in the context of current results, and short term plans and forecasts looking out 12 months from the date the audit is signed off. There are companies that seem in worse situation than PRES (eg HAYT) where going concern is not an issue as the banks remain supportive.	lignum	Read Full Thread Reply
13/6/2017 19:34	I agree with these comments, Cerrito. I think that it is far too soon to say that PRES is out of the woods, much though I very much hope that is the case, because I hold quite a few shares,which are underwater. The company is conservative and that has undoubtedly helped it to survive, but I suspect that the next year or so will be tricky. In particular, US fracking companies are still a big problem.	james188	Read Full Thread Reply
13/6/2017 19:14	Despite the rather unpromising figures I see the Board is positive about the future across all its activities which would explain I guess the share price increase. The price seems about right for me. I see no prospect in the foreseeable future of a dividend. Just as well that the GE result did not mean the cancellation of Trident. I see that sales in the UK fell 25% while those in the ROW almost doubled….not sure what that tells us but of course good to be an exporter in 2017 UK. A small pick up in the %age of O&G sales as a %age of total to 38% but compare that with 73% for the full year 13/14. Were you folks as surprised as I was by the lack of a Going Concern Statement? I do not think there is an issue but was looking to see what they said. I would expect to see one even in the interims from a company like PRES.; I note the comment that banking covenants were complied with and finance costs at £124k in this half year are very manageable-although not clear to me why they were lower than the equivalent half year a year before despite the increase in borrowing. l see from the presentation that they have drawn down the full £15m of the RCF so just as well that they have cash of £7.4m; if the pick up in AE orders comes that might put a strain on working capital….and indeed any pick up in orders. The Martract acquisition gives us another £3m of Intangibles; at £30m Goodwill and Intangibles are £30m just short of net worth of £33m…not for me a healthy ratio and with the increased intangibles and the reduced net worth going in the wrong direction. One question I would ask them is realistically can they expect to benefit from an increase in US shale activity. PS On the website there is a good presentation of the interims; I do not know if they gave a presentation to the City and if they did too bad it was not recorded.	cerrito	Read Full Thread Reply
13/6/2017 07:20	Reassuring update today, seems the worst is over and plenty to look forward to.	paleje	Read Full Thread Reply
03/6/2017 00:39	Bull signal	zoolook	Read Full Thread Reply
02/6/2017 23:58	Yes best wait imo think your taking a pragmatic approach cerrito	my retirement fund	Read Full Thread Reply
02/6/2017 23:48	Lex in the FT today comparing the growth of US shale oil production with shares of US oil service companies being in the doldrums. Apparently the Philadelphia Oil Service Index has lost 24% this year-as indeed has Pres' share price since the end of January	cerrito	Read Full Thread Reply
30/5/2017 23:57	Wondering in rather a lethargic way if I should buy more PRES; went onto the news section of both the PRES and Greenlane website and there was nothing much that caught my eye..remember they said in their last AR but one that Greenlane was a key to PRES future. Decided to go back to sleep and wait for the Interims which no doubt we will get in 2/3 weeks	cerrito	Read Full Thread Reply

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