Pressure Technologies Share Discussion Threads

[zoolook] 16/12/2014 12:06

Well I didn't expect to average down quite so quickly...

[cockerhoop] 16/12/2014 11:51

Investors Champion/Energetic Backer

Are you able to give the Revenue breakdown for 2015 by division?

[ottrott] 16/12/2014 11:50

Yes, six hour round trip a bit too far. Would have liked to have toured the workshops.

[cockerhoop] 16/12/2014 11:47

Hi Ottrott,

Hope you are well, we had a good day up at PEL yesterday. I'm guessing the long winter drive put you off?

[rcturner2] 16/12/2014 11:40

well I have gone in for some more, call me a fool

[ottrott] 16/12/2014 11:34

From the results one week ago:

"Pressure Technologies is now a more balanced Group and the contribution from each Division will be quite different in this new financial year, in comparison to last year, where revenues were dominated by Cylinders and Engineered Products. In the future, we expect that each of Precision Machined Components, Engineered Products and Alternative Energy will drive the Group's growth, with Cylinders enhancing Group profitability."

This is no longer a company solely dependent on large capex O&G projects that are most likely to be effected by a low oil price.

[cockerhoop] 16/12/2014 11:29

House Broker Forecasts of £73m Rev, £9m PTP EPS 49.0 (Increased since Oct 14).

We know:

Underlying order book up 14%.

CSC has limited visibility for H2 15.

Al-Met had record order intake in Oct 14 and has started night shift to meet demand.

Roota night shift is being expanded to cope with demand.

Investment is occurring at Quadscot for expansion.

Greenlane has picked up 4 upgrader contracts since Oct 14 with £21m Rev forecast for alternative energy this year.

Whilst nobody expects anything other than a difficult year in 2015 with the POO, it isn't all doom and gloom at the company.

[shanklin] 16/12/2014 11:09

...We have no numbers on which to know what is going on.

[brambuz80] 16/12/2014 11:05

This fall has now become grossly overdone...

[cockerhoop] 16/12/2014 11:04

The best time to accumulate in my experience :-)

[rcturner2] 16/12/2014 10:52

Friendless at the moment.

[essential] 16/12/2014 09:07

In out - took a big loss and should have sold earlier. Wanted to hold as I think it is a quality company. However, the oil price could be depressed for years and I don't want to take the chance of dead money.

[shanklin] 16/12/2014 08:22

PUGUGLY

Yes, I did not see the scale of the drop in the POO and suffered accordingly with both PRES and SIA.

[pugugly] 16/12/2014 08:06

tintin82:> so true - I think you may have to cut you 300p target yet again.
Shanklin:> PRES too exposed to POO - Very few if any saw the fall in pOO coming - I certainly di not am and suffereing.

From the FT today.

Plunging crude prices threaten the axe for $1tn of energy projects

"They are expected to ... renegotiate prices" We all know what that will do to margins on top of significantly reductions on top line revenue.

NB This does not just apply here but to ALL in the oil services area.

I suspect we aint seen anything yeat - If I had to guess possilby up to another 50% off current share prices. More if bought on margin. (imo etc)

[tintin82] 15/12/2014 17:37

What a day. Reevaluating my original 360p target. Possibly sub 300p with how heavily dependent on o&g. Completely dependent on where the PoO levels at.

[shanklin] 15/12/2014 16:26

I like the company but I'm not sure there's much they will be able to do, over the next six months or so, to mitigate the PoO if it stays at current levels.

[sundance 13] 15/12/2014 16:19

If they aren't telling you, it's because they don't want to, if they don't want to it's because us shareholders won't like it, so standard mgmnt strategy is to put off the moment of truth in the hope things improve miraculously!In their defence they occasionally do.Unfortunately I can't see things improving here, though long term I still like the company.

[pugugly] 15/12/2014 14:58

Down again - Very heavy gearing towards Oil and Gas (as i have said before) Loss of revenue will have a geared effect on the bottom line -

I do not think (hope) it will ever get back to my initial buying price but heading that way fast.

[shanklin] 15/12/2014 14:30

Perhaps they should have divulged the size of their order book? Do they have a big enough order book to have a great H1? What about H2? No idea why its such a secret.

[small crow] 15/12/2014 14:04

Tucked a few of these away in the SIPP recently - prospects look excellent and yet 12% down today on turnover today of less than 0.3% ... hmm.

[zoolook] 15/12/2014 11:21

Bought back in although not hugely. Maybe too early but prepared to average down. Big opportunities here long term even if the medium term outlook is foggy with potential for a rough year's trading.

[shanklin] 15/12/2014 07:50

Well they have certainly timed those share options well.

[cockerhoop] 11/12/2014 15:27

Thanks, that helps a lot.

[energeticbacker] 11/12/2014 15:17

Alternative Energy division is forecast to do revenue of £21.5m in 2015 from only £8.4m in 2014. As Greenlane acquisition occurred 1st Oct 2014 one can gauge the approximate contribution to the top line. Op profit contribution is only forecast to be £1.5m in Alt Energy for 2015.

[cockerhoop] 11/12/2014 13:33

Thanks Chris,

Very good points.

Whilst I understand from the acquisition RNS that Greenlane won't be earnings enhancing until next financial year, do you have any rough feel for the T/O figures of the company. the purchase price (up to £12.5m) suggests to me £5-10m but i'm not aware of any guidance in this area.

Cheers
Pat