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PRES Pressure Technologies Plc

40.50
-1.50 (-3.57%)
Last Updated: 11:21:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pressure Technologies Plc LSE:PRES London Ordinary Share GB00B1XFKR57 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -3.57% 40.50 40.00 41.00 42.00 40.50 42.00 26,500 11:21:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fluid Powr Cylindrs,actuatrs 31.94M -679k -0.0219 -18.95 12.89M
Pressure Technologies Plc is listed in the Fluid Powr Cylindrs,actuatrs sector of the London Stock Exchange with ticker PRES. The last closing price for Pressure Technologies was 42p. Over the last year, Pressure Technologies shares have traded in a share price range of 24.00p to 44.50p.

Pressure Technologies currently has 31,067,163 shares in issue. The market capitalisation of Pressure Technologies is £12.89 million. Pressure Technologies has a price to earnings ratio (PE ratio) of -18.95.

Pressure Technologies Share Discussion Threads

Showing 2101 to 2120 of 2525 messages
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DateSubjectAuthorDiscuss
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.
energeticbacker
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???

cerrito
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
longshanks
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.
arthur_lame_stocks
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
jeevsje
02/11/2020
15:45
Main customers suffering badly - Hydrogen (a possible alternaive market still stuck on the starting line - Cash burning - Crash coming?
pugugly
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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Digital payments and fraud prevention services provider Boku (LSE:BOKU) has been growing strongly and increased online usage has enhanced this growth in some sectors. The fraud prevention division has held back progress, but it will contribute more in the longer-term. 
Engineer and cylinders manufacturer Pressure Technologies (LSE:PRES) is doing poorly at the moment but this is a cyclical business. Once revenues recover profit will improve rapidly.

games
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.
cerrito
14/10/2020
13:40
Further trading update due before end of month, results.

The quadscott site is on rightmove

games
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.

energeticbacker
27/8/2020
06:56
Changing CFO mid meltdown is rarely a sign of sunlit uplands on the horizon.
jeevsje
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.

cerrito
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.
jeevsje
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

games
09/7/2020
16:53
Thanks Games; thats good to hear and see.
westofengland
09/7/2020
15:40
The shell framework agreement, that was mentioned in the results, has gone a little more mainstream.
games
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.

jeevsje
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.

games
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.

westofengland
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