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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pressure Technologies Plc | LSE:PRES | London | Ordinary Share | GB00B1XFKR57 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.50 | 10,034 | 08:00:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 36.00 | 39.00 | 37.50 | 37.50 | 37.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fluid Powr Cylindrs,actuatrs | 31.94M | -679k | -0.0219 | -17.12 | 11.65M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:29:25 | O | 34 | 38.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/3/2024 | 12:10 | UK RNS | Pressure Technologies PLC Results of 2024 Annual General Meeting |
| 14/3/2024 | 16:46 | ALNC |  Pressure Technologies positive as subsidiary secures "major" contracts |
| 14/3/2024 | 07:00 | UK RNS | Pressure Technologies PLC Contract Placements and Update on Sale of PMC |
| 14/2/2024 | 07:00 | UK RNS | Pressure Technologies PLC Notice of 2024 Annual General Meeting |
| 30/1/2024 | 12:04 | ALNC | EARNINGS: Accrol swings to interim profit; Pressure Tech revenue up |
| 30/1/2024 | 07:00 | UK RNS | Pressure Technologies PLC 2023 Full-Year Results |
| 16/11/2023 | 19:55 | ALNC | TRADING UPDATES: AMTE Power in subscription deal, launches placing |
| 16/11/2023 | 07:00 | UKREG | Pressure Technologies PLC Debt Refinancing and Grant of Warrants |
| 24/10/2023 | 20:21 | ALNC | TRADING UPDATES: System1 revenue jumps; Volex takes cyber hack charge |
| 24/10/2023 | 07:05 | UKREG | Pressure Technologies PLC Debt Refinancing - Agreement in Principle |
Pressure Technologies (PRES) Share Charts1 Year Pressure Technologies Chart |
|
1 Month Pressure Technologies Chart |
Intraday Pressure Technologies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/4/2024 | 17:32 | PRESSURE TECHNOLOGIES:::Sheffield Steel | 2,489 |
| 10/6/2018 | 15:04 | Pressure (PRES) One to Watch on Monday | - |
| 24/2/2016 | 16:19 | Next US President 2016 | - |
| 23/2/2012 | 23:13 | 'Next US President' betting thread. | 3 |
| 10/2/2009 | 16:53 | Pressure Technologies - big opportunity in biogas | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 12:29:26 | 38.00 | 34 | 12.92 | O |
| 12:02:17 | 36.45 | 10,000 | 3,645.00 | O |
| Top Posts |
|---|
Posted at 18/4/2024 09:20 by Pressure Technologies Daily Update Pressure Technologies Plc is listed in the Fluid Powr Cylindrs,actuatrs sector of the London Stock Exchange with ticker PRES. The last closing price for Pressure Technologies was 37.50p.Pressure Technologies currently has 31,067,163 shares in issue. The market capitalisation of Pressure Technologies is £11,650,186. Pressure Technologies has a price to earnings ratio (PE ratio) of -17.12. This morning PRES shares opened at 37.50p |
Posted at 05/4/2024 17:32 by cerrito No surprise that yesterday's fall was accompanied by a high trading volume for PRES, but to put it in context only 150k shares traded. |
Posted at 16/3/2024 02:28 by 40 fathoms @ banner - to your point I would add the following- CSC has an unencumbered freehold property valued at £2.6m - In the last annual accounts "The carrying value of the net assets of PMC at 30 September 2023, adjusting for cash, intercompany and deferred tax balances, was £5.8 million. On this basis, an impairment charge is not required." As there are almost no intangibles this should provide a guide for the likely minimum sales price that should be achieved for PMC division. My own guess is we will see something closer to £10 million. - CSC has much higher gross margins than PMC so after divestment the group gross margins will improve substantially. - We are expecting more good news at CSC in the nearer term - Including US Navy, HAR1 Hydrogen orders. It is also clear given it would be almost impossible for any of the top 3 holders to exit in the market that so they will likely be looking for a trade sale. I suspect that is probably in 2026. If they can capture a decent share of work from the various HAR funding rounds it could well be at a price significantly north of your 75p per share. I am very interested to see the level of orders we get as a result of the HAR1 funding round. HAR1 has funded 125MW of capacity out of a total of 4GW it intends to fund by 2030. |
Posted at 14/3/2024 08:19 by baner PT should turn into substantial net cash once PMC is sold. CSC should be worth £20m++ and accordingly the PT shares should be heading well north of 50p in a not too distant future. If CSC is sold to a trade buyer we could well see 75p in total value of the PT share. |
Posted at 14/3/2024 08:02 by darrin1471 Contract Placements and Update on Sale of PMC DivisionPressure Technologies plc (AIM: PRES), the specialist engineering group, is pleased to announce that Chesterfield Special Cylinders ("CSC"), its wholly owned subsidiary, has been awarded two major contracts, as expected, in the defence and green energy sectors and maintains its outlook for FY24. The Group also provides an update on the sale of the Precision Machined Components ("PMC") division. BAE Systems Australia Contract CSC has been awarded a major contract to supply air pressure vessels to the Royal Australian Navy's Hunter class frigate program. The contract award by BAE Systems Maritime Australia covers the first batch of three frigates in the program and will underpin the Group's expected global defence order book development in the second half of FY24. Initial manufacturing milestones will commence later this year and pressure vessels are expected to be delivered to the program over the next three years. Pressure vessels manufactured by CSC will form an integral part of safety-critical onboard systems. The Hunter class frigate is based on BAE Systems' established Type 26 Global Combat Ship platform, currently under construction for the UK's Royal Navy. Cheesecake Energy Contract CSC has also been awarded a major contract to supply high-pressure steel cylinder packages to Cheesecake Energy Limited ("CEL"), a UK developer of sustainable thermal and compressed air energy storage systems, for a pilot project funded by the Department for Energy Security & Net Zero. Utilising cylinder packages supplied by CSC, CEL systems will store surplus energy generated by a dedicated solar power plant for use in periods of high energy demand, reducing reliance on fossil fuels and the grid, and lowering carbon emissions. This significant contract award for CSC is for a total of 48 cylinders with initial manufacturing milestones commencing later this year. Update on Sale of PMC As previously announced, the sale process for the PMC division was launched in December 2023 with the release of information to a range of interested parties. Following engagement with potential acquirers, the Board has received a number of non-binding indicative offers for the division. During the next phase of the process, the Board intends to provide selected potential acquirers with additional access to PMC and will invite final offers for the division. The Board continues to target completion of the sale process in the third quarter of FY24 and will provide a further update in due course. |
Posted at 24/2/2024 00:59 by 40 fathoms It seems like we are seeing a tiny bit of buoyancy in the share price. Maybe the anticipation of 2 or 3 bits of good news that could drop in the coming months has at very least dried up some of the selling.1) Sale of PMC business - If buyer can be found should be between £6m and £9m 2) First HAR1 orders placed - Should be significant in context of historical H2 revenue 3) Qualification as a supplier to US submarine programs. |
Posted at 31/1/2024 11:34 by cockerhoop 40 Fathoms,It's a while since I followed PRES closely. I agree the presentation suggests they've rebooted their attempt to become qualified for US Naval contracts. A few years ago PRES suggested the incumbent supplier wasn't a top class or well invested business. With the expansion of the US submarine program there's certainly opportunities (as we've seen with large Naval contracts awarded to GDWN) to become part of the program. I hope they're successful, it would be great news. |
Posted at 30/1/2024 08:32 by baner Break up value should be well north of 50p/share. Central costs absolutely horrendous - how can the BOD accept this? Huge potential surplus value in the Sheffield property - fantastic location. Good to see mr Staveley now a director - First Class investor who will look after the best interest of all shareholders no doubt. Very sound risk/reward offered at prevailing share price. |
Posted at 21/10/2023 00:20 by 40 fathoms @£2.1m they are now essentially in line with management guidance for this year.In terms of the time to add or not I think it is worth thinking about headlines that could possibly occur in the coming months and assigning a probability to them and their potential price impact. - Resolve or don't resolve banking situation. In terms of share price I think resolving would give a few % bump and not resolving it will be a large negative. My view here is that given the strategic importance of what they do to the MOD that one way or another a solution will be found. I point you towards the MOD buying Sheffield Forgemasters 2 years ago as an example of the MODs desire to ensure the Naval/Submarine supply chain. Our situation is much less critical we just need access essentially to working capital and in the worst case can also probably do without it. - Large Naval or Hydrogen contract. Would obviously depend on size but I think both would give shares a decent bump with traction with hydrogen deals offering a sustained rerate and military orders probably proving less durable for the share price. - Sale of PMC division. Given they have said this is something they wish to do it is likley a high probability event in the coming months. If they get anywhere close to a "market price" for the division this will have a very significant share-price impact in my view. Overnight you could be looking at a business that has @80 to 90% of its current market cap in net cash and freehold property. The reaming CSC business in this scenario would be profitable to the tune of @£1.5m to @£2m pa (depending how much of the unallocated costs they can takeout)and with a path to £4m to @£5m from order growth and margin improvement over 3 years. |
Posted at 05/10/2023 16:29 by darrin1471 Share price appears well "managed" since the update."The Board is in constructive discussions to raise new finance and will update further in due course." Pure speculation but if PRES wanted to raise £5m through a rights issue then large shareholders would be consulted and Schroders may have wanted to reduce before committing to the rights issue. |
Posted at 30/9/2023 18:08 by cerrito Given all the company results I have had to process in the last few weeks, PRES for me has been out of sight out of mind.I note that September has not been kind to the share price.It seems trading volumes have been on a par with recent months.Friday with 50k shares traded was quite active by PRES standards. I go on the basis that we will get a TU between Mid October and Mid November. I do not see myself buying or selling till then unless we get into the mid 20s. To check the health of their O&G customers I see that the share price of Haliburton is up 28% and Schamberger 18% in the last 6 months but no idea how good a proxy that is for the amount of orders they are giving PRES. |
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