Pressure Technologies Share Discussion Threads

[meijiman] 27/9/2022 10:25

Management needs to change..current lot are effing useless. Dreamers and fantasy world dwellers.

[40 fathoms] 27/9/2022 09:41

@my retirement fund - in complete agreement IF they agree to a waiver it will come with a price tag.

[my retirement fund] 27/9/2022 09:21

40 Fathoms, difficult to know how the bank would want to support, i'm just saying its not going to be anything like on previous terms, and they are currently in a position to recoup losses as secured against the buildings and land but these value may now be falling fast. Bottom line is until that issue is resolved longer term so decreasing their risk and improving the return from banks perspective - banks are there to make money ! it remains completely unvisitable. Perhaps larger shareholders will remain supportive and agree to support a discounted rights issue - who knows ? On that prospect, difficult to see how significant shareholders would be happy to support the current board without changes!

[darrin1471] 27/9/2022 09:02

I was not expecting a trading update this morning. Lucky as I intended adding before full year results.
Obviously disappointing H2 with the exception of hydrogen.
PRES are still positive about FY23.
Banking uncertainty is always undesirable.
Fall is understandable in current market conditions.
Having been lucky not to add before the results, I have trebled my initial holding this morning. 3 bagger next year appears possible for fair value. Hydrogen potential which is my primary interest and it is all in addition to the 3 bagger IMO.

[40 fathoms] 27/9/2022 08:57

I don't disagree, but banks will also not want to trip up a business that can trade its way out of any breach. You could well be right about it being taken out or at very least we might see a trade sale of Roota, which I would be pretty happy about.

[my retirement fund] 27/9/2022 08:39

I wouldn't imagine Lloyds would not agree to anything without a severe pound of flesh. Banks cannot afford to be idiots in the new environment we are in. What ever the terms were before and the interest rates you can quadruple them and quadruple them again ! I suspect the days of this being a public limited company are numbered.

[andyview] 27/9/2022 08:35

I’ve taken a few back, it’s a cruel cruel market for sure

Gla

[40 fathoms] 27/9/2022 08:09

What does not hurt these day! If it turns out Lloyds are happy to waive the covenants that will suggest that the outlook is as they say, and any pain will be transitory. Also, as of yesterday's close we were only down 6% for year, based on my portfolio and even if we see a very hefty fall today, it would still be among the best performers and worthy of being mentioned in dispatches. Pain is relative!

[andyview] 27/9/2022 08:07

I think it’s the banking position weighing heavy too

[my retirement fund] 27/9/2022 08:07

It smells of severe miss-management, lets hope those at the top loose their jobs fast, they are very clearly clueless and inept - perhaps they would be better suited to a job within the conservative party !

[andyview] 27/9/2022 08:02

That it is. I’ve taken a hit and bailed for now.

Gla

[longshanks] 27/9/2022 08:02

Just when you thought it couldn't get worse...'However, whilst the second half of the year is expected to show an adjusted operating profit(1) , the recovery has been significantly below that anticipated at the half year and the Group is now expecting to report an adjusted operating loss for the full year.'The outlook is broadly positive but the market is unforgiving to words like 'significantly below'

[robertspc1] 27/9/2022 07:59

Ouch this is going to hurt

[my retirement fund] 08/9/2022 12:59

No windfall tax, hundreds of North Sea licenses approved, great news for them, their order books must be bulging. Market very slow to wake up to it.

[andyview] 08/9/2022 11:08

My buy at 70.48

gla

[andyview] 08/9/2022 11:06

New North Sea Oil licences....good news here?

gla

[cerrito] 20/8/2022 18:27

darrin1471
In 2020 they had a TU on September 30th with some contract announcements and then the end of year TU on November 3.
In 2019 there was no TU in this period.
The way their business is they have few big contracts that warrant a separate RNS.
The main reason for a TU before first half of November is if trading is either materially above or below expectations.
Ref if the wider market will be lower in November I am going on the basis that mid September/mid late October we are going to have a shakeout and doubt if the market will have recovered by September.
In short over the next 10 weeks I currently anticipate that the share price on a mid market basis will be in the 66/76p zone and I have no immediate plans to buy or sell.

[darrin1471] 13/8/2022 12:54

There was no trading updates between June and November in 2021. Anybody expecting any different this year? I can't see anything to excite the share price pre year end. Currently investing with the view that the wider market will be lower in November.

[my retirement fund] 12/8/2022 22:54

Surely share price way overdue some excitement and a good thrust upwards?

[robertspc1] 11/8/2022 12:35

Adding a few. Think CSC will get a lot of attention with hydrogen roll outs starting to finally happen

[my retirement fund] 20/7/2022 19:39

Decent volume for once

[robertspc1] 20/7/2022 11:26

They should follow the Northbridge lead and divest PMC division as Oil and Gas market recovers, investing proceeds into CSC expansion. NBI, now Cresthic shares doubled in 12 months.

[my retirement fund] 20/7/2022 11:16

CSC’s high-pressure cylinders are a critical component for a number of end applications, from high-pressure systems in naval submarines and surface vessels to oxygen cylinders in fighter jets, from the bulk storage of industrial gases to air pressure vessels in floating oil platform motion compensation systems and more recently for hydrogen transport refuelling and energy storage.