Pressure Tech Share Chat (PRES)

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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
	-2.00p	-2.12%	92.50p	90.00p	95.00p	94.50p	92.50p	94.50p	57,997	13:18:31

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Engineering	38.4	-1.9	-7.9	-	17.20

Pressure Tech Share Discussion Threads

Showing 1876 to 1898 of 1900 messages

Chat Pages: 76 75 74 73 72 71 70 69 68 67 66 65 Older

Date	Subject	Author	Discuss
12/12/2018 16:12	Pressure Tech (AIM:PRES) - slimmed down group looks in much better shape. Our latest commentary covers the results, outlook and broker forecasts.	investorschampion	Read Full Thread Reply
12/12/2018 11:37	Please see edit to my post 1875 above.	wilmdav	Read Full Thread Reply
11/12/2018 15:32	Hard to know regards cylinders because of the long term nature (to 2023) of the orderbook. I think Dreadnought was delayed so a larger proportion than anticipated of that work will drop into 2019. The Type 26 Frigate should also make 2019 revenue.	cockerhoop	Read Full Thread Reply
11/12/2018 13:11	Thanks Pat, yes you are right - missed that it was a subtotal in the segmental reporting not a separate division. I think that does mean my 10% is a bit low for the Cylinders growth given order book growth of 36-54% for manufacturing. Given we know PMC has 54% order book growth then I think Cylinders must have 36% order book growth. Do you think 20% would be reasonable for Cylinders revenue growth given a 36% increase in order book? This would give 10p EPS (at normalised tax) - maybe 11-12p actual reported with tax losses and lower interest charges due to debt repayment. Still interesting but maybe not the no-brainer it looked with my faulty segmental analysis!	dangersimpson2	Read Full Thread Reply
11/12/2018 12:11	Many thanks for those analytics, Wilmdav	cerrito	Read Full Thread Reply
11/12/2018 12:02	Here is my usual exercise, showing results in graphic form. Click on sheet tabs at bottom of screen to see bar charts. Look especially at H2 results which are so much better than H1. Http://www.david-wilmshurst.co.uk/pres/pres_data.htm Edit 12/12/18: H1-18 figures for adjusted profit and eps include those from Hydratron which was disposed of on 07/06/18. Full year 2018 figures exclude Hydratron figures which complicates calculations for figures for H2-18. Entries for H2-18 have been temporarily removed. It might be a few days before I have another go at it.	wilmdav	Read Full Thread Reply
11/12/2018 10:55	Mark, You've created a separate division for manufacturing when it actually comprises the Cylinder & PMC divisions combined. Cylinder Division was highly profitable in H2 after breakeven H1 on higher turnover. Increased orderbook in PMC not really apparent in H2 revenues so would expect a steller H1 19.	cockerhoop	Read Full Thread Reply
11/12/2018 10:24	If the order book growth turns into revenue growth in 2019 this, combined with the sales of AE division could be transformational for the group: Rev 2018 £m GM % GP £m OpP £m SG&A £m Finance £m Net Profit £mCylinders 9.942 35% 3.511 1.099 2.412 0.015 1.084PMC 11.225 33% 3.694 1.501 2.193 0.008 1.493Manufacturing 21.167 34% 7.205 2.600 4.605 0.023 2.577Alternative Energy 11.078 22% 2.405 -0.502 2.907 -0.006 -0.496Central 0.030 -1.551 1.581 0.377 -1.928Total 53.412 16.845 3.147 13.698 0.417 2.730 Growth Rev 2019 £m GM % GP £m OpP £m SG&A £m Finance £m Net Profit £mCylinders 10% 10.936 35% 3.862 1.450 2.412 0.015 1.435PMC 24% 13.919 33% 4.581 2.388 2.193 0.008 2.380Manufacturing 36% 28.787 34% 9.799 5.194 4.605 0.023 5.171Central 0.030 -1.551 1.581 0.377 -1.928Total 53.642 18.271 7.480 10.791 0.423 7.057 After Tax 5.717 Shares 18,196,351 EPS pence 31.4 24% OB book for PMC is the rolling figure from the results, 36% for manufacturing is the bottom end of the range mentioned, 10% is just a guess for cylinders. These figures are pre-exceptional which we could see more of due to corporate activities, but probably not significant. Other exceptionals tend to be non-cash like goodwill write down. Think the MM's made a mistake marking this down on open. Not helped by then not making any volume available through the RSP. Thoughts on these figures from those who know the company better?	dangersimpson2	Read Full Thread Reply
11/12/2018 09:14	I opened up the results with a certain amount of dread, fearing the worst and kitchen sinking by the new CEO. These fears are unfounded. I too am more confident but am hesitating to buy more as I feel I have enough exposure to oil and gas suppliers. I was interested in the emphasis of the CEO on personnel matters, which would suggest this he saw as a problem area- there was of course the tragic death some years back; also their capex requirements ; as a TPG shareholder in their comments on the Dreadnought programme and the overseas defence market generally; as an ITM shareholder on the hydrogen market and refuelling stations. Good to see comments on bank covenants; that said I will be more comfortable when they get the AE sale proceeds on and can reduce the RCF. The sober reality is there is a long way to go before we can think of dividends. Ps As and when I have the time need to understand why they sold Hydraton if they are thinking of doing more acquisitions.	cerrito	Read Full Thread Reply
11/12/2018 08:12	Mainly due to amortisation and exceptionals, the operating profit from the 3 remaining divisions actually totalled about £5m, the balance sheet will soon be fixed if the disposal goes as planned and the outlook is promising. I'm more confident now about these than I have been for some time.	arthur_lame_stocks	Read Full Thread Reply
11/12/2018 07:20	● Reported basic loss per share* of (13.9)p (2017: (4.0)p) NASTY	opodio	Read Full Thread Reply
10/12/2018 22:37	I'm hoping the ongoing businesses are at least profitable when they report tomorrow, even if only marginally.	arthur_lame_stocks	Read Full Thread Reply
10/12/2018 20:54	On balance a good deal but did not expect the sp's reaction to be so healthy. To me makes the management of the group simpler and the business more predictable. As you say A_L_S, good to reduce the debt. They have a stake in the future with the share holding and the repayment of the loan. Have not bothered to work out any hit to the Goodwill as we will learn tomorrow. I see that the company was bought for £6m cash and £6.4m in deferred payment but have not had time to see if these were paid. We need to remember that this does increase the oil and gas concentration; also I see another Canadian company in this space Xebec had had a good few months.	cerrito	Read Full Thread Reply
10/12/2018 07:14	Not sure whether this is good news or not. https://www.investegate.co.uk/pressuretechnologies--pres-/rns/proposed-sale-of-greenlane-biogas/201812100700058952J/ I guess it fixes the balance sheet and gets rid of the ongoing losses. It'll be interesting to see what the price does today.	arthur_lame_stocks	Read Full Thread Reply
03/12/2018 15:19	Politicians visiting any company .... so often a bad omen. f	fillipe	Read Full Thread Reply
02/12/2018 13:17	PUGUGLY, for my sins I am still here; based on what has happened in the last two years we will get the annual figures w/c Monday week December 10. Bracing myself for the worst; went to the main corporate website and there was a news item from last week of a Minister visiting the main site but no news on orders. Greenlane have a much improved website but no news on orders.	cerrito	Read Full Thread Reply
16/11/2018 16:13	Looks as though the £ barrier about to be broken - No support visible. £1.00 now bid..	pugugly	Read Full Thread Reply
06/10/2018 19:52	I have more of these than are good for me; that said I do notice that the recent increase in the oil price has done nothing for the share price. I checked to see if based on historical precedent we are likely to get a trading update. This time last year we had the placing which provided one;we had one on August 30 2016 and November 10 2015 so your guess is as good as mine if and when we will get one. Finals came out Dec 12 last year and December 13 the year before. While I appreciate not a strong proxy I checked into the Philadelphia Oil Service index to see it is at 152..pretty much in the middle of the 52 week range of 125 and 172. It needs Greenlane to get some significant hits to get the price motoring. PS I did go onto thr websites and the good news is that they are now up to date. Almet had this from August 30 Quote Al-Met has won its largest ever single order worth over $1.2 million for flow control parts. Unquote. Neither Greenlane, Chesterfield nor the main corporate website had anything noteworthy. PPS Of course the big concern is that a large shareholder loses patience and sell; fingers crossed that they continue to be content;remember that in July and August Artemis went up from 15% to 19%	cerrito	Read Full Thread Reply
14/8/2018 10:20	To be honest with the Artemis buying, I am surprised that the price was so low for so long. Thought of Pres yesterday when I read Shell extolling the benefits of deep sea drilling in yesterday's FT. Also thought of Pres yesterday when I read that Xebec had won further contracts in the US with gas from waste using PSA bit not sure if that is a market that Greenland is in. Thanks for the Questor post	cerrito	Read Full Thread Reply
14/8/2018 09:37	I wondered why the price had risen so much for no apparent reason. Dont expect it'll last though.	arthur_lame_stocks	Read Full Thread Reply
14/8/2018 08:51	Thanks maxk (and questor). Exited on the back of that. Good luck to holders	zoolook	Read Full Thread Reply
14/8/2018 07:34	https://www.telegraph.co.uk/investing/shares/questor-share-tip-pressure-technologies-speculative-buy/	maxk	Read Full Thread Reply
09/8/2018 11:51	Good to see Artemis increase holding from 15.05 to 19.22pc over last month and no doubt we will get an RNS from the seller.	cerrito	Read Full Thread Reply

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