Pressure Technologies Share Discussion Threads

[cerrito] 06/10/2018 20:52

I have more of these than are good for me; that said I do notice that the recent increase in the oil price has done nothing for the share price.
I checked to see if based on historical precedent we are likely to get a trading update. This time last year we had the placing which provided one;we had one on August 30 2016 and November 10 2015 so your guess is as good as mine if and when we will get one. Finals came out Dec 12 last year and December 13 the year before.
While I appreciate not a strong proxy I checked into the Philadelphia Oil Service index to see it is at 152..pretty much in the middle of the 52 week range of 125 and 172.
It needs Greenlane to get some significant hits to get the price motoring.
PS
I did go onto thr websites and the good news is that they are now up to date.
Almet had this from August 30
Quote
Al-Met has won its largest ever single order worth over $1.2 million for flow control parts.
Unquote. Neither Greenlane, Chesterfield nor the main corporate website had anything noteworthy.
PPS
Of course the big concern is that a large shareholder loses patience and sell; fingers crossed that they continue to be content;remember that in July and August Artemis went up from 15% to 19%

[cerrito] 14/8/2018 11:20

To be honest with the Artemis buying, I am surprised that the price was so low for so long.
Thought of Pres yesterday when I read Shell extolling the benefits of deep sea drilling in yesterday's FT.
Also thought of Pres yesterday when I read that Xebec had won further contracts in the US with gas from waste using PSA bit not sure if that is a market that Greenland is in.
Thanks for the Questor post

[arthur_lame_stocks] 14/8/2018 10:37

I wondered why the price had risen so much for no apparent reason. Dont expect it'll last though.

[zoolook] 14/8/2018 09:51

Thanks maxk (and questor). Exited on the back of that. Good luck to holders

[cerrito] 09/8/2018 12:51

Good to see Artemis increase holding from 15.05 to 19.22pc over last month and no doubt we will get an RNS from the seller.

[gustavfenk] 01/8/2018 22:27

You're right. I would NOT take any notice...

[pugugly] 01/8/2018 21:25

gustavfenk_ Suspect you need to check your typing - Surely you have missed out the word NOT -!!

[wilmdav] 01/8/2018 09:21

Many thanks, Zoolook

[cockerhoop] 01/8/2018 08:31

Nice find Zoolook

[zoolook] 01/8/2018 07:30

Chris Walters the new CEO was probably introduced to PRES by the Chairman Alan Wilson. He has written a glowing testimonial for his LinkedIn profile. I’m encouraged that Walters is a ‘known quantity’:

hxxps://www.linkedin.com/in/chrislwalters

Chris joined TSC as CEO in November 2014, when I was Chairman of the board. It’s fair to say that what Chris thought he’d signed up for eventually turned out to be entirely different…and extremely challenging!

Many business leaders who are confronted by such a situation can become a bit fractious, not Chris. His emotional intelligence is very impressive, he quickly gets to grips with the latest challenge and gets on with it, no drama, no panic, no toys out of pram, Chis just rises above all that and delivers, time and time again, no matter what!

His ability to assess business situations, develop effective strategies and plans to build a successful company are there in abundance. His assessment of people is piercingly accurate and the way he deals with those who are struggling is the best I’ve ever seen. He’s the type of leader who believes in people and he gets the best out of them, even in very challenging situations.

Chris is a leader with presence and is a naturally likeable guy. He’s got an engaging manner that helps him build strong relationships with customers, stakeholders and his team.

Whilst Chris has EQ in abundance, he’s also got the IQ required to deal with multifarious complex business situations and know what path to take. We had many debates in our three years together, but he always had ideas on what to do next.

I’ve come across many business leaders in my time, some good, some less so. For me, Chris is right up there with the best and it’s a small list!

[arthur_lame_stocks] 31/7/2018 23:57

How do you know?

[my retirement fund] 31/7/2018 21:03

Its the posh one they are undertaking a blatant exercise of converting equity value into fat salaries, eye watering pensions and sickening benifits. Shareholders get to bend over for a good shafting.

[pugugly] 31/7/2018 11:25

MRF A number of different definitions in urban dictionary for "rinsing" which one are you using !!!

Some could be VERY VERY PI Trump and female "friends" comes to mind as one definition!! See link !!

[my retirement fund] 31/7/2018 10:01

I'm afraid bad managers never become good managers. On the other hand poor managers with the sort of track record as matey here will be fairly adapt at rinsing a business for all its worth. Often investors scratch their heads at such appointments. However in reality the entire team may be set to benifit from such rinsing skills.

[wilmdav] 31/7/2018 09:41

Can't say this fills me with confidence:

"Mablaw 555 Limited, a company of which Christopher Walters is a director, voluntarily appointed a liquidator in July 2017 and this process is ongoing.

Aquaso Limited, a company of which Christopher Walters was a director, was dissolved by way of a voluntary strike-off in January 2018."

John Hayward was one of the most PI friendly directors and I have no doubt that he was highly regarded by employees.

[opodio] 31/7/2018 09:25

ought to warn again

[zoolook] 31/7/2018 09:03

Yes very unexpected. FD has been in post for a couple of years I think.

[cerrito] 31/7/2018 08:41

I was not expecting this but makes sense to have a fresh pair of eyes come in.
Heyward strikes me as a sensible fellow and am sure he will not be selling his shares any time soon and good that he is hanging around as my reading is that the new recruit will be on a steep learning curve and the FD is relatively new.

[onjohn] 27/7/2018 09:29

Trapdoor open at 60p

[pugugly] 27/7/2018 09:09

7 year breakout down now hit - only another 6p to go before all time (if ADVFN charts correct) breakout down - toxic comes to mind - Watching but avoiding -
Unless anyone can suggest a reason to buy.

[pugugly] 21/7/2018 10:23

cherrito: Thansk for your excellent DD above - Agree with all you say about previous Board M&A decisions - For me one to watch but avoid for the moment having with a lot of luck exited during the oil boom years.

[altras] 21/7/2018 08:32

I am here thinking the same thing!

Why did I not get out....