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Share Name Share Symbol Market Type Share ISIN Share Description
Pressure Tech LSE:PRES London Ordinary Share GB00B1XFKR57 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 94.00p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
92.00p 96.00p 94.00p 94.00p 94.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 32.25 -3.12 -28.00 17.5

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Pressure Tech (PRES) Discussions and Chat

Pressure Tech Forums and Chat

Date Time Title Posts
16/1/201907:20PRESSURE TECHNOLOGIES:::Sheffield Steel1,883
10/6/201814:04Pressure (PRES) One to Watch on Monday -
24/2/201616:19Next US President 2016-
23/2/201223:13'Next US President' betting thread.3
10/2/200916:53Pressure Technologies - big opportunity in biogas-

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Pressure Tech Daily Update: Pressure Tech is listed in the Industrial Engineering sector of the London Stock Exchange with ticker PRES. The last closing price for Pressure Tech was 94p.
Pressure Tech has a 4 week average price of 82.50p and a 12 week average price of 82.50p.
The 1 year high share price is 205p while the 1 year low share price is currently 82.50p.
There are currently 18,595,165 shares in issue and the average daily traded volume is 6,239 shares. The market capitalisation of Pressure Tech is £17,479,455.10.
cerrito: Note that this appeared in yesterday's Telegraph Questor quote Update: Pressure Technologies Our highly risky turnaround call in August on micro-cap stock Pressure Technologies is off to a shaky start but the precision engineering firm is making some progress. The proposed sale of its biogas operation for £11.1m is a big step forward as it will simplify the business and help reduce its £6.7m net debt to further cut risk. Note also how the transaction price compares with the group’s £17.2m market value. Full-year results last month did show the expected £3.1m loss but with orders at the core manufacturing operations up by between 36pc and 54pc year on year it may be that the worst is behind the firm. The oil and gas industry is leading the way here, as hoped, although the latest slide in crude prices must be watched. This turnaround story is taking longer than expected but if earnings do hit bottom this year the shares could start to roll. Questor says: hold Ticker: PRES Share price at close: 95p
cerrito: 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: Share price reacting as I would expect with a USD70 oil price and I see no news on the main corporate website on any Greenlane contract wins. Intuitively I do not see them as takeover material
james188: My thanks as well for a very comprehensive post. I also attended and asked the first question about the sufficiency of the cash balance. There is a lot to admire about the company, although the drop in share price over the last few years coupled with the dividend block has been a very painful experience for many shareholders. I do wonder about the future prospects for the AE business. It is the toughest of tough markets. I can see much better prospects for other areas in which the company is involved. Expect an announcement of a refinancing of the debt facilities - maybe expanded - in the next few months.
longshanks: 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: Lex in the FT today comparing the growth of US shale oil production with shares of US oil service companies being in the doldrums. Apparently the Philadelphia Oil Service Index has lost 24% this year-as indeed has Pres' share price since the end of January
harvs1: Heavy selling over the last week or so. Anyone think that a placing is likely soon? Cash is relatively low after acquisition of Martract but still plenty of debt available it seems. Cant see any worrying reasons for the drop so have started to accumulate a few more but would appreciate others views. Long term once the inevitable recovery of the oil market gathers pace and profits return £25m market will be a snip in my opinion. £5m net profits a few years back easily achievable again the next couple of years (share price would surely double from here minimum if so) and more looking ahead. Less competition going forward and the business is much more diversified now for me makes this more of a compelling buy. Confident I'm right on this and will keep buying on the drops, but as I said only slight concern is possibility of dilution with a placing.
paleje: With the International Energy Agency (‘IEA’) suggesting that demand for oil could outstrip supply in the next six months if Opec and countries outside the cartel can commit to the suggested lower outputs, the energy sector could offer plenty of recovery opportunities in 2017. Our Blog assesses 4 small caps on the London market that have seen their share prices tumble over the past few years due to the moribund oil price. These underperformers could be beneficiaries of a marginally more elevated oil price and potentially enjoy some rapid share price recovery in 2017. PRES, GTC, THAL, NBI Need to subscribe for full article, its free though.
paleje: Capital gain should easily make up for the lost divi which will only be temporary imo. I like divis too and hold boring stocks like CARD and CAKE because of them but I don't mind a bit of both. Report in today's Times says IEA anticipate demand to rise faster than thought next year, of course there will be counter views but based on the eps estimates put forward yesterday it wouldn't unreasonable to expect the share price to double by this time next year.
meijiman: Well well. I think it might be folk looking at what the likes of Cape has been saying and maybe Wood Group today and thinking that whilst its tough out there its by no means the end of the world scenario which seemed to have been baked in to the PRES share price.Got to agree with poster longshanks- 1347.
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