Pressure Technologies Share Discussion Threads

[games] 14/10/2020 13:40

Further trading update due before end of month, results.

The quadscott site is on rightmove

[energeticbacker] 02/10/2020 15:15

Pressure Technologies announced mixed news of a significant new contract award but minor delays on an existing contract which will impact current year results.

More on the Investor's Champion website.

[jeevsje] 27/8/2020 06:56

Changing CFO mid meltdown is rarely a sign of sunlit uplands on the horizon.

[cerrito] 20/8/2020 06:55

I thought the RNS rather terse and I concluded that she had had a falling out with a dominant chairman.
As you say jeevse the debt and the state of the oil industry mean that the company is in a difficult place.

[jeevsje] 20/8/2020 06:19

CFO leaving. Normally implies some form of bad news for next set of financial. Could get ugly esp with the high debt levels and compromised oil sector. Expect more bad news to follow.

[games] 18/8/2020 13:26

QUADSCOT PRECISION ENGINEERS LTD(369 ITEMS AVAILABLE)

Equipment Available Due to Group Rationalisation. Please See the Sale Information Section for Any Additional Fees That May Be Applicable Upon Purchasing an Item. Due to the situation currently with the Covid 19 Pandemic please expect some small delay in any acceptance of bids which will be reviewed by our client before invoicing.

STARTS: 22 JUL 2020 FROM 9:00 AM BSTENDS: 10 SEP 2020 FROM 3:00 PM BST

[westofengland] 09/7/2020 16:53

Thanks Games; thats good to hear and see.

[games] 09/7/2020 15:40

The shell framework agreement, that was mentioned in the results, has gone a little more mainstream.

[jeevsje] 07/7/2020 07:57

Share price dropping...

Maybe, they have finally decided to perform the equity raise and shore up the balance sheet. Their debt levels are too high, esp at a time when the end market has been severely affected.

[games] 06/7/2020 07:22

Cerrito


Thanks, insightful post.

Just to add, the simplification, the Quadscot site is I believe freehold, which should add a bonus sum on top.

[westofengland] 05/7/2020 19:19

Thanks for this helpful summary of the Gresham House Strategic update. I am a shareholder in GHS and believe that the Team there are one of the savviest in the value small cap space. They are excellent at applying private equity skills to achieve positive change in their portfolio.

I sense that getting an industrislist of Sir Roy Gardner's experience is a coup for Pressure. Gardner has also been an active buyér of Pressure stock.

Here's hoping for better progress for this business now that the changes are underway.

[cerrito] 05/7/2020 18:54

I listened to an interview on Directors’ Talk of the fund Manager of Gresham Strategic. This fund has 15.1% of PRE$ and the overall Gresham House Group has 19.63%.
This is what the Fund says of its holding in PRES in its AR
Quote
Additional investment via a block placing at the start of the year made us the largest shareholder, backing a new management team to deliver a return of organic growth and simplification of the operational structure of the business. Chesterfield Specialist Cylinders (CSC) is a leader in the design, manufacture and maintenance of large-scale high-pressure cylinders for military, marine and oil and gas industries. A significant opportunity is emerging for their expertise in the Hydrogen sector. Defence activities remain the dominant sector. Precision Machined Components (PMC) supplies key metallic engineered components that are destined for extreme or hostile environments in mission critical functions, such as the oil and gas and extractive industries. It came under significant pressure in the oil and gas downturn between 2014 and 2018 and will do so again. New CEO, Chris Walters joined in September 2018 and commenced the implementation of a revised strategy to dispose of the loss-making alternative energy business, reducing debt in the process, and to rationalise the core businesses PMC and CSC with a goal of reinvigorating organic growth. He now has a new set of challenges. We are delighted, therefore, that the highly experienced Sir Roy Gardner has become the new Chairman to help guide the business through this period.
Unquote.
To me the key is the last sentence and indeed Gardner did at the AGM make a point on his relationship with Gresham House.
I read this as saying that as long as Garner is around they will not sell their shares…no idea what Artemis thinks.
I have always meant to have a look at Gresham House who regard themselves very much as a value investor to invest in their funds.
Not sure how much PRES meets the criteria they look in their investments.

[games] 03/7/2020 14:14

Good news imo regarding greenlane.

Oil may well be slowing, but the opposite can be said for hydrogen. Even the majors know this, as in the Shell/hydrogen quote in the latest pres results.

[pugugly] 03/7/2020 06:55

Re 2050- Pressure on oil coys grows daily both BP and RDSB writing down assets (FT today) so likely to b far less demand for PRES products PLUS significant pressure on margins where any new potential orders -

Agree with those above who are implying a contracting market.

[jeevsje] 03/7/2020 06:48

The Greenlane fiasco continues. They change terms whenever they want. Compare against the original sale RNS and you will see why how badly managed this sale was.
At least, some cash incoming but debt remains at uncomfortable levels. I believe a question if time before equity raise, considering their main markets (energy) has been severely impacted.

[jeevsje] 01/7/2020 10:43

These guys are due a downward movement. They have remained pretty stable despite oil price crash and high level of debt. Downwards correction is due.

[jeevsje] 30/6/2020 21:48

Sell below the bid...

[zapa] 23/6/2020 10:25

Interesting I hope they get their moneys worth but somehow doubt it.

[cerrito] 23/6/2020 09:08

At first read, the reaction of the share price very understandable. The key will continue to be the patience of the larger shareholders which to date has been commendable. The Chairman gives them reassurance.
Given the current size of their marcap not sure why they need another NED.
I will need to read in greater depth.

[games] 16/6/2020 06:49

Actually more releases.

TECHNOLOGIES PLC


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