Pressure Technologies Share Discussion Threads

[pugugly] 16/10/2017 16:24

Placing at 122p - If tis follows usual precedent for plaings could see sub 122p say 115p within next month unless some strong orders announced. Very much on the side but watching .

[meijiman] 16/10/2017 16:18

You could equally argue that the 'situation' is caused by their own incompetence.

[cockerhoop] 16/10/2017 15:34

Cerrito,

I agree the dilution is unwelcome but at least they addressed the situation in good time whilst institutions keen to get on board without a discount. Rather that than the recent situation at HAYT for example.

[cerrito] 16/10/2017 15:26

Could have been far worse but still sobering to see the 28.29% increase in shares outstanding

[cockerhoop] 16/10/2017 15:08

If Carlsberg did placings................

[cerrito] 16/10/2017 11:26

As a holder in IRV,AUG as well as PRES all go today.
To be honest was not expecting this –and it seems neither did Investors Champion as they gave no hint in the interims summary- as I thought they had got through the worst in terms of their cash generation. To me it does not reflect well on the Board-especially as they are having to refinance the Martrack acquisition- and good that they have(at least till now) supportive shareholders. I see that H Hale/Cannaccord in September reduced from 5.6% to 5.1%.
As other have said, would have been nice if this could have been accompanied by news of an order in AE.
I guess we need to reserve judgement until we see at what price the shares are issued at and how much Cantors charge.

[meijiman] 16/10/2017 10:59

They are 'pleased' to announce-you couldn't make it up. A truly feeble management team here getting bailed out.....

[pugugly] 16/10/2017 10:27

columbarius:> You are so right - "Out of the frying pan into the fire" comes to mind - Also failure of management to read the runes correctly - With hindsight Alternative Energy was and is largley dependent on subsidies which are at risk of changes in political policy -

[columbarius] 16/10/2017 10:20

Interesting that the Alternative Energy division was supposed to diversify them from the horrors of the oil downturn, yet it's the one dragging them down.

[pugugly] 16/10/2017 09:38

Re 1747 above = Looks as though I wus rt to b doubtful - Still (imo) under the cosh and not for widows and orphans - !!

[my retirement fund] 16/10/2017 09:22

Hahahahahaha

[pugugly] 28/9/2017 19:07

Dear all - Come back for quick look - WARNING Cannot work from ADVFN fundamental data as has only been updated to include 2015 FY data - U all need to drill down for 2016 accounts and 2017 interims which are not so pretty - Now at 5 year low and possibly heading for 10 year low - AE possibly a dead duck at the moment due to TRUMPISM in the US and (imo) fears about possible reduction of subsidies there - plus increased supplies of cheap frac gas.
Also from 2017 interims - ● Net debt at £8.6 million (2016: £6.1 million)

Any further fundamental thoughts and/or corrections to my above ramblings ?

[cerrito] 28/9/2017 16:45

I was expecting them to drift up in a lethargic way with the increase in WTI but have gone the other way

[my retirement fund] 28/9/2017 16:17

May take a look at these once it becomes a penny share

[wilmdav] 01/9/2017 13:42

Sharescope are showing Cantor Fitzgerald's revised forecasts as:

Turnover 40.9 48.2 54.0Profit b/f tax 0.2 3.7 4.6eps 0.8 20.7 26.1Dividend - 1.5 2.5


I have topped up and dipped a toe into GDWN on the strength of PRES's comments about the O&G market.

[zoolook] 31/8/2017 21:10

Must be tough playing bad hands for so long. Their time in the sun will come again

[cockerhoop] 31/8/2017 20:44

Cerrito,

Thanks for the link, I did look for a new Investors Champion article earlier but it hadn't been published. Greenlane seems to be suffering from Brexit/General Election govermental paralysis of the progression of the RHI in the UK and Trump being anti-environment in the US.

[solooiler] 31/8/2017 20:33

Very disappointing and have sold out here now.

The revised forecasts still look vulnerable to me and the balance sheet now looks quite precarious.

[rhomboid] 31/8/2017 20:33

Thx cerrito

Having read that note I see little reason to buy the shares at this point, £11m debt & £0.2m profit suggests a covenant issue must be close at hand.

[cerrito] 31/8/2017 20:22

The Investors Champion article has useful info on broker's expectations. My reading of it is that the reason they are not getting the AE deals is not that they are loosing them to competitors but for whatever reason they are not happening.
While they are right to say that a good case can be made that the PMC valuation supports that of the whole group I am not rushing in to buy more.

[cerrito] 31/8/2017 18:35

PRES has sent me this link to an Investors Champion article published today
hxxp://www.investorschampion.com/channel/company-comment/pressure-tech-manufacturing-divisions-doing-nicely-but-alternative-energy-c

[longshanks] 31/8/2017 12:06

There are elements of this company that I really like and I believe the biogas upgrading business is a good long term reason for an investment However with their bread and butter business so heavily tied to oil exploration which will not be spending quite so freely in future I worry for the company to be able to truly focus and flourish Still on my watch list but yes I can see repeated profit warnings and ongoing deterioration in the share price

[cerrito] 31/8/2017 12:01

Given the wide bid/offer spread I did not sell this morning and the fall has been pretty much what I anticipated
I have sent the following to the FD and let's see what if anything comes back; if any of you have the time/energy to write in a similar vein all the better
quote
Dear Joanna Allen
I write as a private shareholder of 6 1/2 years vintage and I have been to a couple of AGM's in recent years.
I have read today's announcement carefully and was pleased to read that you are well controlling the cash flow.
I have a couple of questions and I would appreciate if you could arrange that someone get back to me.
You say that results would be materially behind market expectations; you may know that private shareholders find it difficult to get a true understanding of market expectations especially for thinly covered companies like PRES and for us it is always useful if companies can spell out what these expectations are. I have a figure of pre tax £1.6m and I wonder if this is a figure you recognize. Incidentally I have a figure of £4.2m for next year.
The other figure is the breakdown of the expectations: you stated that you anticipate the manufacturing divisions at least meeting current expectations(and that chimes in with the narrative) but because of the shortfall in AE on an overall corporate basis you will fall materially behind. It is very difficult for shareholders to know this breakdown between manufacturing and AE and once again I would appreciate if you could arrange for someone to get back to me with details of tis breakdown.
I need to say I anticipate sharing this information on the bulletin board.
I have December 12 in my diary. While I am sure you will have your normal informative presentation on the website, what I find useful is a webcast-even if sound only-of the presentation especially the Q&A with the analysts.
Thanks and I hope I can make the AGM early next year.