Pressure Technologies Share Discussion Threads

[topvest] 05/3/2014 07:52

Yes. Looks a nice acquisition. Funded with a placing at a decent price as well.

[iandippie] 05/3/2014 07:48

Great news!! Next leg up the ladder me thinks :-)

[scottishfield] 05/3/2014 07:44

acquisition & placing (@575p) announced today, looks v positive to me.

[scottishfield] 04/3/2014 14:35

V good pressure here today, a little buy point I think.

[jestercat2] 28/2/2014 10:19

Pressure building again

[dlku] 26/2/2014 09:36

dandy move

[nurdin] 19/2/2014 14:24

Steam building up...:o)

[dixies] 14/2/2014 07:52

Agree the numbers are likely to be upgraded, probably by the time we get to the interims. I posted just in case anyone hasn't seen the 2016 forecasts. Thanks.

[shanklin] 14/2/2014 07:44

dixies

Those are numbers that were already in the market. As per topvest's post, it looks highly likely the 28.4p is too low.

Cheers, Martin

[dixies] 13/2/2014 23:45

From the company broker's note dated 13th February 2014
Year to: September 2014 2015 2016
EPS 28.4p 37.6p 44.8p
P/E 21.0 15.8 13.3
Based on share price of 595p at 13th February 2014

[cockerhoop] 13/2/2014 21:27

Topvest,

I think this early in the year (only 4 months in), that statement is saying we're not sure by how much due to timimg of orders etc but we will be beating forecasts this year.

[topvest] 13/2/2014 20:47

This is very robust..."The Board is confident that the outcome for the current financial year will be at least in line with market forecasts." Implies to me that they have a good chance of exceeding market forecasts.

[topvest] 13/2/2014 20:46

Yes, looking excellent.

[cockerhoop] 13/2/2014 09:51

I think CBG is starting to look really exciting.
Until 9 months ago there were virtually no Gas to Grid projects awarded only gas to electricity. Now the gas specification hurdle has been clarified, the RHI ensures that Gas to Grid is now the best commercial option for biogas production and water based cleaning (of which the Greenlane system appears the best) the method gaining market traction. CBG's aftersales support and training also appears to help win contracts.

All in all very positive for CBG and PRES.

[2niffy] 13/2/2014 09:39

Market forecasts that t/o rises 29% y/y to Sept 2014 then 7% the following year and 9.5% in 2016. Given order book is up 100% since Jan 2013 it's realistic to assume we could get to annual sales of £60/£70m v's £34.4 Sept 2013. At current price about 1x ev/sales. Depending on your views re the potential net margin going forward(market forecasts 7% to Sept 2014) but I hope to see that go north of 10% in time,whilst remaining concerned over Korean pricing pressures and the inherent contractual risk within the Chesterfield business. No reason they can't trade on 1.5 to 2x ev/sales. Not comparing apples with apples but oil services play Weir Group on 2.2x.

[activeinvestor] 13/2/2014 08:34

600p, still on track for 750p target

[rcturner2] 13/2/2014 08:26

I think 750p is a realistic short term target.

I cannot see us much beyond that without further concrete news.

[bartolozzif] 13/2/2014 08:25

over £6 and heading to £7

[bartolozzif] 13/2/2014 08:07

£10 writ on it

[pj 1] 13/2/2014 08:05

Few more for me @ 600p

[cockerhoop] 13/2/2014 08:03

Another £1.8m order for CBG. Momentum appears to be growing in Gas to Grid projects.

[bartolozzif] 13/2/2014 08:01

over 600p today?

[rcturner2] 13/2/2014 07:47

All good as far as I can see.