Pressure Technologies Share Discussion Threads

[nurdin] 21/6/2014 12:25

PE drops to 15.9 after the end of september and may even drop lower if the annual results are followed by earnings upgrades.With pegs of 0.27 and 0.7 for 2014 and 2015,PRES still represents an excellent value here imo

[rcturner2] 21/6/2014 12:09

PRES has a good write up in last week's IC in their results coverage. IC give it a buy advice again. I notice PRES also appeared in the stock screen "genuine value small caps" in the same IC (13 Jun - 19 Jun).

[nurdin] 20/6/2014 12:37

Perhaps this has finally sunk in?

'The Group has entered the second-half of the financial year in a strong trading position with its order book 59% ahead of the position at the 28 September 2013 financial year end. This, combined with the general outlook in our key markets, leads the Board to expect revenue and underlying operating profit* for the full year ending 27 September 2014 to exceed current market forecasts and the directors view the future prospects of the business with confidence.'

[m.t.glass] 20/6/2014 11:38

Going to be testing that January alltime closing high (732.5p) if this little surge is sustained. What prompted it?

[rcturner2] 20/6/2014 11:34

Nice rise going on here.

[murray73] 17/6/2014 17:04

Seems like a good bet based on the EPS assumptions. There another positive write-up here, thought it was interesting:

hxxp://www.-.com/blog/james-faulkner-on-pressure-technologies-more-than-just-a-met.html

[revoman] 13/6/2014 08:17

A big old buy early on...

[shanklin] 11/6/2014 08:32

So, that suggests WH Ireland have increased the PBT estimate for the current year by 14% but have left the forecasts for 2015 unchanged.

[rcturner2] 11/6/2014 08:10

So a conservative 20x the current year eps would be 762p share price.

[cockerhoop] 11/6/2014 08:05

No problem Martin,


Estimates for the full year 2014 are now for sales of £51.5m, normalised pre-tax profit of £6.4m and normalised eps of 38.12p. For 2015 estimates are for sales of £56.8m, pre-tax profit of £8.4m eps of 46.49p. At the current share price this results in a forward multiple of approx 17x 2014 estimates falling to 14x for 2015. It's worth noting the Group's considerable cash pile to support earnings enhancing acquisitions.

[cockerhoop] 10/6/2014 22:23

Some comments from Investors Champion including House Broker Upgrades for 2014 and 2015.

hxxp://www.investorschampion.com/research/company/pressure-technologies/

[pj 1] 10/6/2014 20:35

Thanks for the comments..pj

[ansmith272] 10/6/2014 19:54

Any ideas what the profit margin is for CBG?

[cockerhoop] 10/6/2014 18:36

Revoman,

CBG also made a loss in H1 and will report £11m turnover in the next 9 months.

[revoman] 10/6/2014 17:08

Underlying 39% growth in earnings bearing in mind Kelly lost a little but is expected to be positive by the end of the next period, and Roota isn't included in the reported 6 months as the deal was only finalised at the end of March bodes pretty well for the second half. Hurrah.

[cockerhoop] 10/6/2014 09:58

PJ1,

Yes I agree that Chesterfield Bio Gas (CBG) could be a future star of the company. They appear to have the best methane cleaning system in the market (on a perpetual licence from Greenlane) and my understanding is that they have picked up most of the Gas to Grid contracts awarded so far. It's taken a while as government subsidies took a long time to formulate and then things were further delayed by agreeing standards in gas purity for the supplied Bio Gas. Thats all sorted now so should start to pick up strongly.

Obviously though there is political risk as changes in subsidy could change the attractiveness of the various green power generation technologies.

[dewtrader] 10/6/2014 09:25

looks like they ar walking the price down again, cant see it get to 540p again?

[pj 1] 10/6/2014 08:46

Operational, Markets, future tech etc

Could be a sleeping Giant?

[undervaluedassets] 10/6/2014 08:31

Its a big fat buy isn't it?

It is the order book that stands out for me - Cos that is the future.

[cockerhoop] 10/6/2014 08:29

PJ1,

What specific information are you after? Financial, Operational?

[pj 1] 10/6/2014 08:26

Does anyone have any specific info on the Biomass side they would be willing to share?

TIA
pj

[revoman] 10/6/2014 08:25

Broker upgrades to come?