Pressure Technologies Share Discussion Threads

[cerrito] 25/2/2020 19:19

Good that we got the confirmation that the £2.1m had been received, although of course we would have been flabbergasted if it had not been.
I also see that Edison have produced a report on Gresham House Strategic proud owners of 15% of PRES.

[games] 17/2/2020 15:27

Greenlane Announces Exercise of Over-Allotment Option




Nice little earner for the underwriter.

I would expect an rns this week from pres.

[cerrito] 16/2/2020 13:15

Given the reduction in the banking facilities, this £2m wilkl be very useful for PRES.
The Greenlane prospectus is a good read and I see the share price is above 0.7 reflecting the developments in Greenlane's business outlined in the prospectus.

[pugugly] 12/2/2020 07:29

Looks as though £2M minimum - OK I was a bit too cautious yesterday

[games] 11/2/2020 18:36

Ta.

Grn going bonkers now up 18%. 0.64c

Beats me, not complaining mind, and positive for pres

[cockerhoop] 11/2/2020 17:46

Good work games,

You'd presume they've gauged appetite, fairly modest discount suggests they shouldn't have too much bother getting it away.

[games] 11/2/2020 17:16

Pricing. 20m at c$0.50 = c$10m

News link.



If it gets away ok, £2m to pres

[games] 11/2/2020 17:05

Grn. Share price. Volume is up, positive so far.

[zapa] 11/2/2020 17:04

Well done Sir Roy, nice purchase shows confidence.

[games] 11/2/2020 16:56

Fingers crossed it's the max of a ,£2m payment.

[cockerhoop] 11/2/2020 08:21

Terms suggest PRES get the lesser of 50% of funds raised or a reduction in principle to £4.1m (from £6.1m)

[cockerhoop] 11/2/2020 08:18

Certainly the Greenlane orderbook appears to be heading in the right direction.

[games] 11/2/2020 08:14

Agree pug.

The run up in grn share price over recent weeks makes me think this was a 'known intention' by grn. Which on a positive slant is better than where their share price was last autumn. Fingers crossed pres get some pennies.

[pugugly] 11/2/2020 07:57

Interesting - However hedged with masses of caution - Sunlight at the end of the tunnel or a train approaching?

[games] 24/1/2020 21:46

Grn tx pres 21% stake £2m on sale.

Value 28/09/19 £1.25m (stated in results 17/12/19)

Value now £4.65m

A good return on paper, I would be cashing in as much as possible.

The new director probably mixes in circles that could open some decent doors, I can't imagine a small engineering company having a big bang sales force.

Interesting times.

[cerrito] 24/1/2020 16:53

MRF
Not sure if much has changed since my 2004 except of course that the price has risen.
The only reason I can think of for the increase this week is that the market is happier with the BOD.

[my retirement fund] 24/1/2020 12:52

Break of the years high should see 180 as a target imo. Wonder what a bid would look like ?

[westofengland] 23/1/2020 14:02

I would suggest its part of Gresham House's plan to take the company forward. We now have 1.Rebasing of the Green business in Canada;2. resolution of the tragic 2015 accident;3. Better numbers from the new CEO and 4. A new, highly experienced Chairman. A business that is on its way to better times.

[my retirement fund] 23/1/2020 12:08

I've chucked by sack in with Cerito here.

[my retirement fund] 23/1/2020 09:14

I don't know what to make of it, I'm struggling to work out if its good value. It almost feels at the current price the market knows something I don't.

[cerrito] 23/1/2020 09:02

An interesting appointment .
At first glance very good news that PRES have got someone with such experience-we will have to wait till this time next year with the publication of the year's AR to see what his fee is.
I did hear his name quite a bit a few years ago but not recently and I have never been involved in any of the companies he has been involved in.
I do ask myself why he has become chairman of a £22m marcap company that of course has potential(otherwise I would not be invested here) but hardly at the cutting edge.
Let#s hope that the institutions are happy as we do not want them selling.
Interesting no word of thanks for the retiring Chairman and no way of knowing if that is an oversight or reflects rancour on the Board.

[games] 17/1/2020 14:46

Double post

[games] 17/1/2020 14:46

As a side note grn is now a 52wk high $0.49 ca.

Nice to know, but a bird in the hand is worth two in the bush.

[games] 17/1/2020 10:51

I doubt very much they need to raise funds for the fine.

AGM is the 12th Feb, hopefully some positive news.