Pressure Technologies Share Discussion Threads

[saj3] 15/1/2015 12:42

I'm looking to buy around £2

[nurdin] 15/1/2015 12:04

Anyone still holding PRES? Getting ridiculously cheap...not sure that is justified or not.Would have thought that all the bad news is now in the price

[cockerhoop] 14/1/2015 22:05

Pie,All renewables are subject to grant or subsidies whether it be Solar, Wind, Tidal or Biogas along with some non-renewables eg. Nuclear. It doesn't stop the providers making money! £21m forecast from Greenlane this year up from £8.5m last............thats decent growth.

[pyemckay] 14/1/2015 21:45

that last article says it all. Biogas is unsustainable without grants.

maybe costs will come down in time though and make it more widespread

[coppertrader] 14/1/2015 12:21

Burnaby, BC – Greenlane Biogas has secured a US$4.6 M contract for two biogas upgrading systems from Ecometano Empreendimentos Ltda, a Brazilian company specializing in the production of natural gas from renewable sources. Under the terms of the agreement, Greenlane will supply Totara+ units for installation at two agricultural waste sites located in Rio Grande do Sul, the southernmost state of Brazil. The biogas source will be generated from anaerobic digesters fed organic waste

[pugugly] 14/1/2015 09:17

A read across from the Fenner conferece call today with respect to their oil and gas business suggests to me that there could well be more pressure on margins and order reduction to come here for PRES.

Well worth a listen to the Fenner recording (for details check their rns today)

Any feedback and thoughts after listening much appreciated.

[macarre] 12/1/2015 22:15

Where next? 235p? Don't think this company deserves, but price seems to be in free fall right now.

[cockerhoop] 12/1/2015 20:40

I think it's far too early to say that pyemackay. They have paid a EV/EBITDA of about 5 or 6 for an expanding precision engineering company. They then have to pay a further £3m contingent on the company hitting £2m EBITDA in 2015 and £2.5m in 2016. Hardly expensive.

[pyemckay] 12/1/2015 19:49

the quadscot aquisition looks clumsy now too

[pyemckay] 12/1/2015 19:47

getting into buy territory now, really tempted but its still going down..

think a drip feed buy tomorrow at some point

[cockerhoop] 12/1/2015 13:43

Pugugly,

Nurdins House Broker Figures are normalised i.e adjusted.

[cockerhoop] 12/1/2015 13:40

The figure I quoted was from Sharelockholmes, the company and Digital Look suggest 44.9p made up of:


Basic Earnings 28.5p
Acquisition Costs 6.6p
Amort of Acq Bus 5.3p
Defferrd tax release (1.0p)
Provisions against investment in KGTM 5.5p

Total 44.9p

[pugugly] 12/1/2015 13:35

nurdins figures are basic. Basic reported estimate for 2015 per note of 9th Dec 37p but I am inclined to concur with Nurdin that given the fall in POO since then and the apparent freeze on much capital expenditure in the sector probably significanly too high. The share price fall since 9th dec may have taken this freeze into account but order reduction could (imo) be playing havoc with the margins so could have further to fall once the next rns is released and IF order book is substantially reduced

All imo etc I havnt a clue at the moment as to a viable SP

All thoughts gratefully received - and all absolutions given for errors - and no complaints made to the FSA etc: !!!

[cockerhoop] 12/1/2015 11:17

RCT - you are using basic rather than adjusted EPS, last year was 39.7p adjusted.

[rcturner2] 12/1/2015 10:47

28p last year could easily be 20p this year. A PE of 10 takes you to 200p, so the current price action seems rational to me.

[nurdin] 12/1/2015 10:44

The current price already discounts the impact of the oil price slide imo.Brokers forcasts for the year ahead suggest a prospective pe of just 6.Best to tuck away rather than short imo

[envirovision] 12/1/2015 10:39

Well with majority of revenues from oil and gas and north sea presently mostly making a loss at present oil price, and the share price above £2 its free money shorting it

[stardrops2] 12/1/2015 10:24

shorters in control of this at the moment