Pressure Technologies Share Discussion Threads

[montynj] 25/6/2019 06:34

Great results

[nw99] 22/6/2019 11:06

The oil price has had a renaissance and this is presently boosting the other side of the group, which makes engineered products. Pressure machines difficult-to-work-with-alloys of steel and carbides and then fuses them together to produce parts used in high pressure choke and control valves in underwater wellheads that control flow (subsea trees);

[onjohn] 18/6/2019 16:30

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade dispute, lending hope to the oil market that talks will resume after weeks of stalemate.

“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” President Trump tweeted on Tuesday morning.

Great news for oil and great news for pressure

[onjohn] 18/6/2019 10:13

Bowl to 200

[nw99] 17/6/2019 16:53

Master investor However, at just 117p each, I really do rate this stock as a strong recovery prospect and that its shares could well be significantly undervalued in relation to its potential.Being cautious, which is unusual for me, I know, I will just put out a 2019 target price of 170p, to be achieved within the year. Remember that this company is a highly specialised manufacturer and with a clear profits trail in sight its shares could easily be very much higher.is year.

[westofengland] 11/6/2019 16:33

Thanks Webpax.

[webpax] 11/6/2019 13:31

SCSW - Small Company Share Watch - a paid subscription tipsheet

[westofengland] 11/6/2019 10:46

An idiot question- what is SCSW?

Looks like this stock has got good, solid momentum.

[nw99] 11/6/2019 07:41

Debt free after sales completes in a few weeks

[webpax] 10/6/2019 20:30

Decent first days trading for Greenlane up 15% at the close on TSX

[nw99] 10/6/2019 07:14

SCSW nice mention

[jeevsje] 08/6/2019 20:32

How can these guys be trusted with performing a detailed analysis considering they can't even get basic and simple info such as debt levels right.

[webpax] 08/6/2019 09:09

Tipped in SCSW this morning although incorrectly states the group will be debt free after the sale of the alternative energy division.Good write up concluding with:"I will revisit the financials once the disposal completes but I think the shares are an excellent buy. More in due course."

[jeevsje] 07/6/2019 22:46

Based on the Dec announcement, they were expecting £5million upfront cash. They received only £2million, there is therefore an immediate gap of £3million. Moreover, the decision to take PRES to court occurred this year, this brings along additional legal fees and the potential for a heavy fine. The additional investment at CGC must also be taking its toll.I reckon the balance sheet needs shoring up and pretty soon.

[cerrito] 07/6/2019 18:33

I do not see an equity raise in the immediate future although given we have had no update since end September we are flying blind. Let#s hope there is a Hydraton payout.
Remember that the new CEO said at the AGM that he will set out his vision of the company with the interims.
I suppose departure of Cantor mixed up with Greenlane but who knows.

[jeevsje] 07/6/2019 06:22

Interestimg set of events. Board member resigns yesterday and now, change of advisors. Looking to raise to shore u balance sheet after the Greenlane fiasco?

[cerrito] 06/6/2019 22:05

I assume no coincidence that today's terse statement on Wilson's departure coincides with the closing of the Greenlane sale which must have provoked a good deal of tension. One wonders that role if any Gresham House played in it.
Given the failure of this acquisition there is poetic justice in his departure.

[jeevsje] 05/6/2019 20:03

Main issue is that they could face a 7 figure fine for QHSE breach.

[cerrito] 05/6/2019 14:19

For the record, this was in yesterday#s Telegraph Questor
quote
This column’s speculative look at Pressure Technologies has yet to make any waves but shares in the firm are back to our entry point and there could still be scope for improvement.

Management is in the process of slimming down the company’s range of activities with the aim of leaving two core operations – cylinders and precision machined components – for clients in the oil and gas, defence and industrial gases sectors.£

Read Questor’s rules of investment before you follow our tips
One unit, Hydratron, has already been sold to help cut debt. Another, the alternative energy operation, is on the block and a sale to Canada’s Creation Capital is tantalisingly within reach.

Late last month Pressure Tech announced that Creation had received sufficient interest in a private placement designed to raise the cash to fund the purchase. Details of the deal will hopefully come through soon, in the next step of Pressure Technologies’ turnaround.

There is still a long way to go as the tiny company – its market value is just £20m – has just racked up three years of losses and the same spell off the dividend list.

But this business has in the past made double-digit operating margins and the shares could look very cheap if earnings even start to move towards those levels. It remains a high-risk punt for patient investors.

Questor says: hold

Ticker: PRES

Share price at close: 109p

[jeevsje] 04/6/2019 21:43

The handling of the sale gives an indication of what to expect from the sale of Greenlane. Going by their past actions, it is likely that PRES holdings in the new entity will be diluted to oblivion or worth nothing in the not too far future.

[meijiman] 04/6/2019 21:12

Management come across as amateurish

[cerrito] 04/6/2019 19:56

Interesting that the share price has fallen today as the terms would have been known by anyone following this thread or doing basic research.
Perhaps people saw the net debt figure given was almost 9 months old and so deduced that it has worsened since then.
I note no reference to when interest being paid-ref earlier Seddar posting that it will be paid at maturity.
Not sure what to read into fact that announcement made by CFO rather than CEO.

[jeevsje] 04/6/2019 06:07

There you go, initial cash consideration of £2million only instead of the original £5million we were told in Dec. PRES bent over to close the deal. I hope market punishes them for the way this has been handled.