Pressure Technologies Share Discussion Threads

[pyemckay] 16/1/2015 19:08

no floor at all here

[happyman7] 16/1/2015 15:34

do you know what, i might even go to Sheffield, especially if i can buy these at about 150p

[cockerhoop] 16/1/2015 10:50

Zoolook,

The 1st agm I attended (prob 2011) they allowed a chap to observe who was only thinking of buying shares in the company so they are pretty welcoming.

It would be good to meet up again as the 'Sheffield Social' didn't ever quite get sorted!

RCT,

Likewise it would be good to meet, I believe we own some of the same companies.

[zoolook] 16/1/2015 10:20

I will probably attend unless they object to my shares held in a nominee account

[rcturner2] 16/1/2015 09:55

I will be going.

[coppertrader] 16/1/2015 09:52

It looks as if the POO has started to level off. Brents lowest point was on the 13th at 46.6, and it appears to be gradually climbing.

[cockerhoop] 16/1/2015 09:50

Is anyone else planning to attend? It's back in Sheffield this year after a couple of years at Al-met and Hydratron and will include a tour of the Roota site in Rotherham to those interested.

[rcturner2] 16/1/2015 09:24

The AGM is the 12th February and there will be an RNS on that day with a trading update.

[meijiman] 16/1/2015 08:38

Great posts -alot of angles to investigate further. I suspect that the management is presently unclear as to the impact on the business going forward of lower poo and certainly wouldn't want to be hostage to fortune by being too upbeat at this time until the dust settles. Assume there is some reasonable order visibility on capital equipment as they are a niche supplier -but it may be hard to see how order books develop as the year progresses. The diversification moves look smart.

[cockerhoop] 15/1/2015 22:31

The increase in receivables is in part caused by £5.7m of biogas revenue being recognised in Q4 (presumably not paid by ye) and also £5m in non trade loans to associate company Kelley and to Greenland prior to acquisition.

[woodcutter] 15/1/2015 21:34

one further consideration is the size of the balance sheet receivables and what possible contingent liability may lie ahead if clients who are being squeezed by the falling POO get into financial difficulty.

[woodcutter] 15/1/2015 21:32

Difficult to tell where it will bottom but i doubt very much it's being heavily shorted there's only 14m shares and the short spread would i assume be too large ot take the risk of a bounce. It only needs a few buyers to move in and the share price could move up quite quickly. Just look at the reaction the other day at NBI another very illquid share, shorting very high risk on these stocks.

doesn't even get a mention

hxxp://shorttracker.co.uk/company

aimho

Woody

[happyman7] 15/1/2015 18:19

thanks for clearing that little matter up RCTurner2, it's good to have a shrewd old sage like you aboard,

ps, hey buddy, are you getting up at 3.00am to watch the cricket tomorrow, i am ?

[coppertrader] 15/1/2015 17:09

Historically, directors have been buying in august of 2012, 2013 and were issued shares around august 2014 so i expect that this is how their personal finances are managed (bonus payments etc). I also would like to see director buying, but if oil (as predicted by some) is to go to $20 a barrell, then this may well fall further no matter how good the bod know that the underlining fundamentals are. In their position, i would be arranging the funds to pull the trigger for underpriced shares, but holding fire till the poi has started to rise.

[envirovision] 15/1/2015 16:27

There is no doubt many north sea projects have been put on hold and shelved. The only thing thats going to help the share price any time soon is government action to help the sector in the next budget or pref sooner, but will it happen?

I suspect there is a very good reason why directors are not buying !

Good luck all.

[rcturner2] 15/1/2015 16:26

They have one acquisition that only included one quarter and two acquisitions after year end, these will all be full year inclusions this year. They are highly profitable if you look at the detailed statement of accounts and they have something like £5m in cash and are clearly looking for further acquisitions.

[cockerhoop] 15/1/2015 16:22

Oil & Gas will be a lower percentage of revenue in 2015 due to the increase in biomass turnover though still significant.

It should be noted that output from Engineered Products has a high proportion of consumable items which will come from maintenance rather than capital budgets and should therefore be more insulated than cylinders for example.

[meijiman] 15/1/2015 16:11

True but if you read the report and accounts cylinder and engineered products sales are dominated by oil and gas-think 73% of revenues are derived from this space. They are trying to get into other areas such as renewables via acquisitions. I'm sort of tempted at these levels but there must be uncertainty. If capital budgets in oil and gas get stopped then their sales will vanish. Still if anyone has a different viewpoint I would be interested to hear.
I would certainly note any director buying at the present time as it would clearly have greater significance.

[rcturner2] 15/1/2015 15:27

Volumes look quite thin, so this could quickly reverse. Having read the results again, I do not think this is likely to suffer that much in the current carnage. They are making good profits in the businesses and have been trying for a while to move away from O&G and also to diversify their spread within O&G. I have taken another slice today.

[cockerhoop] 15/1/2015 15:07

Maybe they took your advice that it was free money shorting down to £2 :-)

None of the directors have been prolific buyers of the shares over the years and they are pretty modestly paid in comparison to lots of other quoted companies. I also don't think they've the type to enter into co-ordinated share price support operations.

I hope to attend the agm in Feb so will ask then.

[envirovision] 15/1/2015 14:28

Also why an earth no director buys, does not bode well and very strange !

[alter ego] 15/1/2015 13:50

sitting on the sidelines for now - the bottom is only evident once it has gone up so no point in trying to predict imo

[saj3] 15/1/2015 13:47

I think there some support there, once oil recovers this should bounce back

[rcturner2] 15/1/2015 13:19

Just out of interest, why £2?