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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 1.27% | 40.00 | 39.00 | 41.00 | 40.00 | 39.50 | 39.50 | 32,386 | 14:31:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fluid Powr Cylindrs,actuatrs | 31.94M | -679k | -0.0219 | -18.26 | 12.43M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/12/2014 16:44 | results were ok, short term outlook is poor imo 1-2yr view. currently over valued due to limited visibility of future earnings. 400p now a likely target medium term | pyemckay | |
09/12/2014 15:38 | Pug, the facts are in the results. In 2013 80% came from oil and gas and in 2014 it was 70%. | rcturner2 | |
09/12/2014 15:26 | Further to HE's point above the Enginering Division is also very oil and gas centric. From the coys web site "Al-Met is a niche manufacturer of specialised, precision engineered valve wear parts used in the oil and gas industries," "Roota Engineering is a specialist in subcontract machining and was acquired by Pressure Technologies plc in March 2014. It produces a range of high precision machined parts for the oil and gas market" "Quadscot Precision Engineers provides award winning CNC & conventional precision engineering services, primarily to the oil, gas and petrochemical industries "Hydratron designs, manufactures and sells a range of air operated high pressure hydraulic pumps, gas boosters, power packs, hydraulic control panels and test rigs. Hydratron has established itself as a leading supplier of quality high pressure equipment to the oil and gas industries" So (imo) the growing engineering division (which many see as a protection against the pressure on cylinders" is also very exposed to declines in Oil & Gas capital expenditure. This could be the reason why today's fall is more than expected and (imo) may well not bounce backas fast as many and the House Broker (today's target reduced from 760p to 700p expect) . Before checking the make-up of the engineering division I had been thinking of buying back having sold at higher prices but now back on the side. | pugugly | |
09/12/2014 15:26 | IC recommend locking in profits in todays tip update. | tintin82 | |
09/12/2014 14:38 | Worth bearing in mind any cuts in oil capex have yet to bite in at all. Oil at current levels makes pretty much the entire north sea space uneconomic. No one will be in a rush to start back up either given huge lead times in developing assets. Ones that have been sanctioned and costs already sunk will carry on in meantime. | horndean eagle | |
09/12/2014 10:02 | WCB, Yes busy morning for me too, I also hold ZYT and ESR which have both reported good results today. I'll have a look at RWS when I get back from the dentists :-(. | cockerhoop | |
09/12/2014 09:39 | this smacks of panic. Don't discount the fact that this may fall further. But those who have a more accountancy mindset will start buying here. . today's numbers are too good. Good results and a share price fall = bargain | undervaluedassets | |
09/12/2014 09:29 | Good set of results. I was in for the rally on the latter half of 2013 but bailed once it passed 600p. Looking for a entry point around the 360p mark. Inevitable cuts in production of the more marginal offshore assets are yet to be realized and the knock on effects. One for the watch list. | tintin82 | |
09/12/2014 09:29 | nurdin I presume the oil prices will need to go up a fair bit before the O&G orders will flood in. I hope the broker note for these results will fill in some of the gaps w.r.t. the absolute size of the order books in the various company divisions. Am out looking in currently, having perhaps been overcautious in selling the remainder of my holding today. Would be happy to buy back in when its clearer what is going on here and I feel more confident its positive. Cheers, Martin | shanklin | |
09/12/2014 09:25 | I think it's worth noting that they did revenue of £35m and Operating Profit of £5.6m in the H2 compared to £20m and £2.17m Operating Profit in H1. This year we also have revenues from Quadscot and Greenlane to add in. | cockerhoop | |
09/12/2014 09:21 | WCB, Good to see you posting, i've missed your contributions over the last few months. Regards the cash: Whilst they had £5.6m of cash at year end, they did invest it (and a bit more) on the purchase of Quadscot and Greenlane on 1st Oct. | cockerhoop | |
09/12/2014 09:16 | I dont expect oil prices to remain at current levels for long.Any sign of an upturn and orders will flood in imo | nurdin | |
09/12/2014 08:43 | As above, I commented on the adjusted number being well ahead of forecasts. What concerns me is the absence of information on the size of the order book when we know the majority of new orders are tied to the O&G market. | shanklin | |
09/12/2014 08:43 | Yes, they are still expecting growth overall and so I would have thought forecasts are still in the high 40s at the moment. Just a reaction to the lack of momentum on good news and it looks like the current year will be flatter. Still massive progress in the last year though. | topvest | |
09/12/2014 08:41 | Whoever keeps banging on about the "high" earnings per share doesn't understand the difference between basic and adjusted (or normalised) eps. It's the adjusted eps that matters. This is now on an historic eps of 11, not 17, and dirt cheap. | iandippie | |
09/12/2014 08:41 | So far, there has been no commentary on the size of the order book and how much of it falls in the current year. Clearly they'll run off the current order book, and that will be helpful, but what percentage of (say) last year's sales do they comprise. If the company wanted to provide re-assurance, I would have thought they should be dealing in absolute numbers not just percentages. | shanklin | |
09/12/2014 08:40 | Very comprehensive set of results, lots of detail to wade through. As expected an excellent 2014. adjusted EPS well ahead of expectations so at £5.00on a historic PE of about 11. Order books holding up but cylinder sales will be reduced in 2015 and Kelley already looks a dud (i'd be amazed if they buy another 40%). Looking for engineering to take up the slack with new acquisitions Roota and Quadscot looking astute buys. Be interesting to see how Greenlane performs. | cockerhoop | |
09/12/2014 08:38 | Normalised is 45P? Really? Well then is just cheap. | undervaluedassets | |
09/12/2014 08:34 | The market looks forward of course and the current year is the concern. 70% of revenue is from the oil and gas industry. | rcturner2 | |
09/12/2014 08:30 | Current forecasts,pre todays statement, were for eps 46.5p which translates to pe of 10.7 at 500p .I guess the estimates will be shaved back but not as viciously as todays reaction appears to suggests imo | nurdin | |
09/12/2014 08:29 | Normalised EPS is 45p up from 22p so they are now on a P/E of just over 10, but still a relatively low dividend yield of just under 2%. | topvest | |
09/12/2014 08:28 | pe of 17 on todays numbers... expensive ? really? undemanding for a true growth stock... asos and amazon (not true apples and apples comparison I know but still) have earnings that are going backwards. and trade on many multiples of the PE ratio here. We have had the big fall before the results and now record results... hard to know what more the company could have done. | undervaluedassets | |
09/12/2014 08:27 | I'm happy with those results. The market reaction no one has any control over. Long term this is a great business, 2015 may be a pause in the growth, but fundamentally this is a well run and effective company. | rcturner2 | |
09/12/2014 08:21 | They are very well placed going forward. This will bounce back no doubt, as starting to look cheaper again for such a good business. I top sliced half of mine, at much higher prices, but am keeping the rest. | topvest |
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