Pressure Technologies Share Discussion Threads

[cerrito] 22/7/2021 09:25

No idea why we have had two price monitoring extension RNS with a flat share price and no reported volume.

[cerrito] 23/6/2021 11:55

This was featured in the yesterday Telegraph Questor giving a hold and saying correctly IMO that it is only for very risk tolerant investors.

[cerrito] 17/6/2021 17:21

Good to see purchases by 2 NED’s since results came out yesterday.
I was very surprised that after all the funds that have come in from the Greenlane disposal and the equity raise that they have managed to be in technical default with Lloyds. Does not look good, though this is a money good loan for Lloyds, who if my vague memory is correct have security, and all will be alright on the night.
The main standout to me after going through the figures is the volatility. Ie defence sales in this half were 3x that of the corresponding period last year and more than the whole of the last FY-I guess project delays contributed.ie this volatility. Also note O&G revenue in this half were 38% of the equivalent half in the previous year and 46% below that of H2 19/20.
Call me optimistic but the firmer tone we have had in the oil market in the last months should mean that PMC gets both more enquiries and orders and I guess after all the restructuring they have very high operational gearing.
Interested in the comments about delays in sourcing raw materials.
I see that the Investors Champion report says that the house broker (I assume Singer) has down graded this 20/21 profit forecasts and have the forecast of an adjusted pre tax loss of £1.1m and next year adjusted pretax profit of £0.9m.
Investors Champion also make a big play on hydrogen where PRES have scored some good goals but presumably competition will be very high. Hydrogen is one reason that I do not see myself as buying more as I have a (for me) pretty sizeable holding – albeit much reduced- in both ITM and AFC.
As always, the future of the share price depends on none of the institutional shareholders not losing patience.

[cerrito] 07/6/2021 20:11

Not sure what provoked today's rise but no surprise that today's volume was roughly equal to that of the previous 14 trading days.
Given that presumably the perspective of their O&G sales is getting better and there is the hydrogen issue no surprise at the the rise per se rather the speed of it.

[games] 07/6/2021 11:30

On LinkedIn chesterfield special cylinders staff numbers have steadily increased.

Looked a while back.. 59 latest 65

[the deacon] 05/6/2021 13:16

Interesting post over on LSE this morning:Hydrogen across Europe.In the post linked below, Daimler promote the 1200km hydrogen corridor across Europe being developed by Shell - presumably using CSC and PRES as part of the supply chain.The growth in this area over the coming decade or two could be mindboggling...https://www.linkedin.com/posts/daimlertrucksbuses_hydrogen-activity-6802848267483811840-FOWz

[tole] 07/5/2021 11:11

Bit of volume reported. Could that a rollover trade. Or has a block been cleared off the book.

[cerrito] 30/3/2021 14:17

A generally reassuring AGM statement but no real surprise that as I write the share price is unchanged on the day. I note their comment about increased PMC orders and they should benefit from operational gearing there as long as the oil price remains relatively strong.
They talk about trading in line with management expectations but without knowing what they are, not a very useful comment.

[skyracer] 12/3/2021 14:52

I keep reviewing this because I am interested, but I keep coming to the same conclusion that PRES are going to be the mugs that don't make much money out of the green revolution and that my cash is better invested elsewhere. Their vessels seem good quality but I suspect PRES are unable to command premium margins at sufficient volume. Still, I will no doubt keep reviewing from time to time.

[sphere25] 11/3/2021 15:10

Is this holding key support levels?

Price currently 91p and might be bouncing off support here. If it can hold these key support levels and move sideways, it could provide an entry price for a small positioned little trade higher.

Missed the pop higher last time, but it is bouncing between 90p and around that 110p mark recently, and a possible trade into the AGM on the 30th March too. Often get buyers into news and then dump on news if it has got ahead of itself.

All imo
DYOR

[energeticbacker] 08/3/2021 11:13

Green hydrogen currently only accounts for a tiny amount of global hydrogen production but it is set to grow substantially, creating a big investment opportunity.

Investor's Champion's latest article highlights the potential from this rapidly evolving sector.

With significant growth predicted in hydrogen refuelling stations around the world, we can hopefully expect more positive news from Pressure Tech.

[energeticbacker] 09/2/2021 16:24

Investor's Champion's earlier commentary here “Pressure Tech: keep an eye on the hydrogen story”, highlighted the considerable potential in hydrogen storage, notably following the award of five HRS contracts in December. This latest Haskell contract is hopefully the start of many more as the world embraces hydrogen. CSC has loads of expertise in the cylinder space and should be really well-placed

[sphere25] 09/2/2021 15:24

That large trade was from sellers in size who have been dragging the price down from recent highs. The large buy didn't arrest the decline because the sellers still had plenty to offer and the price was going to continue a downtrend.

I was waiting for a bottoming process here to set up another go at this, except this contract news has meant a bullish daily move higher back to the top of the downtrend, which isn't a chart position that is favourable for a go.

Sounds like the contract is small. It isn't even delivered by RNS. RNSNON is usually marketing type stuff or small pieces of financial related news. Nonetheless, Hydrogen remains a key watch here and if they do announce something more significant, then clearly the market will jump on the shares.

Will continue to await for a possible re-entry.

All imo
DYOR

[luzley] 09/2/2021 11:19

The fact that Pressure Tech is involved in hydrogen rollout with Ingersoll Rand Inc is the key determinant here. There is massive interest at the moment in commercial vehicle hydrogen in Europe which will aid implementation of private vehicle hydrogen. It isnt just the manufacture and installation here. Pressure Tech is uniquely involved in mandatory cylinder and system validation across the globe. The mandatory certification is and will be a key earnings stream in coming years as travel restrictions ease. One to tuck away with the increaed possibility of very pleasant surprise RNS's now the recent fundraise has reinforced the balance sheet.

[dozey3] 09/2/2021 10:22

Their reputation is clearly spreading as a top-class manufacturer, tester and maintainer of the ultra reliable cylinders needed for hydrogen roll-out. Why the negativity? More to come in all likelihood; what’s not to like?

[martyn15] 09/2/2021 09:28

Or so big they can't announce it just yet, supplying IR doesn't end at one order does it... IR wouldn't commit to a PR release if they weren't serious. Big things coming for sure.

[longshanks] 09/2/2021 07:42

Interesting contract win announced this morning. However it is presented without any supporting figures or encouraging words about future opportunities linked to it.Is this the start of a comeback for PRES?

[chrisdr2] 05/2/2021 13:09

Thats a mighty big purchase...anyone has any thoughts?

[sphere25] 05/2/2021 09:46

Larger sells taking this one back down but a notable 1.57m print at 91p just now.

Trend is still down but that is a decent buy to help clear the sellers to stem some of the decline. Still a fair amount of shares available at 91p atm.

All imo
DYOR

[trombone_89] 26/1/2021 20:22

pres recognition

[energeticbacker] 22/1/2021 10:52

Full year results from Pressure Technologies reflect a very challenging year.

With the balance sheet tidied up following the December equity raise and significant growth potential in hydrogen energy storage and integrity management, Investor's Champion comments that the future looks far rosier than for a long time. The award of five hydrogen refuelling station contracts in December also bodes well for the future.

Detailed commentary on Investor's Champion website.

[nurdin] 30/12/2020 14:34

Hard to buy any...a great shame.

[rambutan2] 17/12/2020 20:48

Nice to see Gervais Williams backing the rebirth: