Pressure Technologies Share Discussion Threads

[my retirement fund] 24/11/2020 11:47

Hows that then?

[nesquikme] 24/11/2020 10:09

I like them for the Electric Vehicle potential



;0)

[luzley] 24/11/2020 09:57

Yep. Moving up nicely as people actually research the share rather than lazily 'taking a punt' on a no-hopes.

[nesquikme] 24/11/2020 09:38

Short term looking for 105p here

[games] 23/11/2020 16:26

Remember fy21 will have an added £3.1m
From greenlane. Date was brought forward two years to June 21,

Initially it was £4.1m with a date of 2023.

[my retirement fund] 23/11/2020 16:15

indeed it does look to be a possibility, rude not to get a toe in!

[pictureframe] 23/11/2020 14:36

Been waiting for the breakout and here we are so small stake taken

[sphere25] 23/11/2020 14:36

Had to have a go with the stream of buys coming in and a chart like that. Hard one to refuse.

Price has now shifted from flat to up 4% with the chart now threatening a significant breakout higher.

[sphere25] 23/11/2020 14:20

Been watching this one since last week. You have certainly stirred some interesting with notable buying today.

It's one that has a tendency to disappoint investors but the chart looks interesting. Could be one to trade as a short term speculative play if it breaks out, as it usually motors when it starts to move.

[luzley] 22/11/2020 15:42

I think the current institutional holders can see the apparent buffer between current MCap of £11m and a realisable asset value of around £31m. Pressure Tech has already primed the market to expect a writedown of £14m to clear the table and I expect a loss of around £4m. That gives an MCap of £11m versus assets of £13m and an excellent base on which to quickly gain traction. The new chairman in my mind is key to turning around the company as he appears well connected and extremely competent. Once travel restrictions are lifted we can also expect the revalidation team to be very active with pent-up demand. I believe that these are strong reasons for existing Instos to continue to support Pressure as they can see a clear horizon ahead. They are party to board access that we are sadly not.

[cerrito] 22/11/2020 15:05

You are right Luzley to highlight the hydrogen string to their bow, especially in light of the way that the share price of their neighbour ITM has risen; the experience gained at Pau; and the fact that they are an approved supplier for Shell.
All that said remember that hydrogen revenue was zilch in the six months to April, the area that Chesterfield are in is more of a commodity product and I see it difficult for hydrogen to generate a rerating of the shares.
They key to the share price in the immediate term depends on the patience of the current institutional shareholders.

[luzley] 22/11/2020 12:07

Hydrogen producers seek to utilise ‘green’ renewable energy sources, such as wind farms and solar panels, to power onsite large-scale systems which generate hydrogen and store the gas for conversion into other energy sources. Key to a seamless solution is the ability to deliver up to 700 Bar high pressure pure H2. Pressure Tech is ideally placed to supply 700 bar vessels as is highlighted by the Shell refuelling station tie-up. Huge upside for this transformational progress in green energy adoption.

[luzley] 21/11/2020 16:10

This has multibagger written all over it. If this comment stimulates you to do the research ahead of the pack then your efforts should be handsomely rewarded. No I'm not doing it for you and posting all the results on here. Do the homework, do the thorough research and make your decision. The value of all the assets are significantly above MCap even after expected writedowns and Pressure is exposed to markets with huge upside.

[energeticbacker] 13/11/2020 12:13

As growing amounts of money move into the ESG space, Investor’s Champion’s latest article highlights the difficulty in satisfying all the demands of the ESG acronym, with particular reference to smaller companies on AIM.
#hat #pres #frx #tsla

[cerrito] 05/11/2020 18:00

A bit spooky to see that revenue forecast for PMC in this FY of £8m is virtually the same as the sales of PMC of £7.9m in the half year to 4/20.

[cerrito] 05/11/2020 17:37

I see from the Investors Champion report that the house broker-N+! Singer-has forecast sales for this FY ending 10/21 of £25m(CSC£18.5m and PMC£8m) and operating cash inflow of £1.1m. This compares to £28m in the FY to 10/19 although there was a disposal.
Given the head winds they face and the fact that PMC starts this FY with an order book less than half the prepandemic value, £25m of revenue and a £1.1m operating cash inflow would be for me a job well done, even if it was helped by delays in orders originally anticipated to be booked in FY to 9/20.

[energeticbacker] 04/11/2020 17:06

Full year trading update: Pressure Technologies had a challenging year but offers significant potential, notably in the area of hydrogen storage, according to Investor's Champion's new commentary.

[cerrito] 03/11/2020 10:23

For me this TU was pretty much as I expected.
No immediate improvement in sight for oil and gas and so PMC will continue to struggle. Goodwill impairment logical.
Interesting to see how important hydrogen is becoming for the north part of Sheffield with Chesterfiekd and ITM.
Key to the share price will be the reaction of Gresham House , who I assume will remain supportive, and if Artmeis, Sharp and Schroder lose patience.If any of those three decide to move on, no way of knowing what the share price will end up and could indeed trigger some form of corporate action as alluded to by Longshanks.
I am assuming that Lloyds will give them the flexibility they need given the reduction in net use of the RCF, the promise of the £3.1m Greenlane note and the fact that they have a debenture of the property, plant and equipment.
All in all,it must be pretty soul destroying for Chris Walters, the CEO.
I am having difficulty seeing a catalyst which could drive the price higher.
PS
Any of you bought shares in Greenlane???

[longshanks] 03/11/2020 08:07

Could be a good recovery stock at some point, but not yet.Likely to go lower and then get snapped up as a cheap acquisition by one of their overseas competitors Real pity as the long term business has potential

[arthur_lame_stocks] 03/11/2020 08:07

I'm glad I gave up on these a while ago. They seem to be constantly in recovery mode but never really recover.

[jeevsje] 03/11/2020 07:26

Dreadful update with £14million impairment nicely hidden within all those words.
Discussions with lender ongoing. CFO leavung recently does not bide well.

[jeevsje] 02/11/2020 15:57

They were meant to isse an update in second half of Oct which did not happen. That, coupled with CFO leaving, normally means bad financial news coming. Could see gap down to 30s on bad news. Debt a big problem

[pugugly] 02/11/2020 15:45

Main customers suffering badly - Hydrogen (a possible alternaive market still stuck on the starting line - Cash burning - Crash coming?

[games] 24/10/2020 10:04

Fd prob needed for due results.

Pres has a mention. Finding a ten bagger. I don't fully agree, as cyclical is a bit much, more a change of trend / gov policy, which may be bumpier.





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[cerrito] 21/10/2020 06:40

When I saw the RNS headline of Board changes my heart sank as I thought it meant they had got rid of Chris Walters so I was relieved when I saw it referred to the FD position.