Pressure Technologies Share Discussion Threads

[zoolook] 25/2/2015 15:58

You could argue that they bought the freehold at half price given they raised the cash at 575p per share

[james188] 25/2/2015 15:16

In my opinion, the group is run conservatively and buying the Meadowhall freehold was a sensible step that will realise more or less immediate cost savings. Looking at the fundamentals, there is next to no debt and the dividend distribution policy remains conservative. The cash flow position of any company can be tested to destruction based on the assumptions made, but they have to be pretty extreme to stress PRES and even then I doubt they would have much difficulty in securing further funding. Although the group has diversified, I was pleased to hear at the AGM that PRES has no intention of changing its core focus on the oil and gas sector. The AGM presentation that can be found on the company website is well worth a read.

[envirovision] 25/2/2015 14:46

Indeed, lets hope they can maintain cash flow here, i'm not so sure buying that Sheffield site was so clever, all manner of mothballing will be required.

from weir :

"While visibility in oil and gas remains limited, it is clear that the
Group's strategic progress and cost initiatives will only partly offset
the impact of a substantial reduction in demand and the associated
pricing pressure. As a result we are planning for a significant
reduction in constant currency Group revenues and lower operating
margins in 2015.

[pugugly] 25/2/2015 14:33

Partial read across from the WEIR results suggest that the recent bounce could have been "hope" rather than practicality - Suggests further to fall. (imo)

[rcturner2] 24/2/2015 14:08

This share must be appearing in a lot of stock screens, with the low PEG value.

[dunc8] 24/2/2015 12:23

Many thanks D41db

[d4v1db] 24/2/2015 11:56

Dunc8, it's a column in Money Week.

[dunc8] 24/2/2015 11:34

Clausentum -what publication is True Value ? or is it a website ? and is it worth subscribing to ?

[gucci] 24/2/2015 09:21

400p first stop???????????

[coppertrader] 24/2/2015 08:36

BBC focusing on the price of oil and effected companies today. No mention of pres as yet.

[clausentum] 23/2/2015 19:03

Jump today due to tip in True Value.

[sundance 13] 23/2/2015 17:26

Hopefully back up to £3 fairly soon.

[gucci] 23/2/2015 16:23

not able to buy even 1k online

[sundance 13] 23/2/2015 16:08

Think a seller may have finished, check out the 3 largish trades late this morning. The price has moved with buys and sells since then.It was due a move up as the price was still languishing at the levels it hit when oil was $10 a barrel cheaper.

[gucci] 23/2/2015 16:03

taking off!!

[d4v1db] 19/2/2015 09:50

Thanks, I hadn't even thought to check!

[saj3] 19/2/2015 09:44

It's ex divi today!

[d4v1db] 19/2/2015 09:09

Looks like some big sells over the last couple of days. An Institution reducing their position perhaps?

[emmo1210] 13/2/2015 22:51

Thanks for that Cerrito, very helpful.

[cerrito] 13/2/2015 15:57

emmo1210-1280
Kelley did come up. They have a member of the board and reiterated taking a provision against the loan, fact that trading below breakeven, and at this time unlikely to take up their option to increase their shareholding.I assume if Kelley is loss making it may be inconvenient for them anyway given they would need to consolidate it.
All that having been said did confirm that they were working with Kelley to try and make the business work. One downer for the business has been that diesel has become much cheaper compared to gas so plans to use gas rather than diesel in the oil fields has taken a knock but there is still the logic of the eventual legislation banning flares.

[cerrito] 13/2/2015 15:46

Coppertrader-1284
I was at the AGM and no questions were asked about this or indeed about buy backs-I was tempted to ask why they were not doing buy backs at this level

[envirovision] 13/2/2015 12:40

allot shares upto 33% of the companys issued share capital? Is this talking about a placing?
-------------
YES.

They like to have the freedom to place shares thus raise cash.

That is what you are there for, to provide them with cash for equity.

If they did not have this relationship I doubt they would be a public company.

ENJOY !

[coppertrader] 13/2/2015 12:35

Can anyone explain resolution 7, to authorise the directors to allot shares upto 33% of the companys issued share capital? Is this talking about a placing?Other than this, the presentation looks mostly positive with an indication that recent diversification means that pres are not as dependent on the poo as the recent drop in share price would have us believe. However, it does sugest that a return to the highs of the poo is unlikely for a considerable time.

[emmo1210] 12/2/2015 21:16

Also wasn't long ago the share price was 160p and below. The reliance on oil rigs is a worry. Saudis have no intention of cutting supply, commentator based in ME spoke tonight saying when they previously cut supply they lost a whack of market share which took a long time to recover, they don't wish to loose share again, at the cost of low oil prices.