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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.50 | 800 | 07:46:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 34.00 | 37.00 | 35.50 | 35.50 | 35.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fluid Powr Cylindrs,actuatrs | 31.94M | -679k | -0.0176 | -20.17 | 13.73M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:07:52 | O | 800 | 36.65 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/11/2024 | 14:21 | ALNC |  IN BRIEF: Pressure Technologies names Sally Millen director of finance |
| 01/11/2024 | 12:00 | UK RNS | Pressure Technologies PLC Board Change |
| 01/11/2024 | 10:38 | UK RNS | Pressure Technologies PLC PDMR / PCA Shareholding |
| 24/10/2024 | 06:00 | UK RNS | Pressure Technologies PLC Major Contract Placement |
| 18/10/2024 | 13:03 | UK RNS | Pressure Technologies PLC PDMR/PCA Shareholding |
| 09/10/2024 | 11:40 | ALNC | IN BRIEF: Pressure Technologies firms division sale for GBP6.2 million |
| 09/10/2024 | 06:00 | UK RNS | Pressure Technologies PLC Completion of Sale of PMC Division |
| 30/9/2024 | 13:07 | ALNC | EXECUTIVE CHANGES: Bank of Ireland promotes ex-Barclays exec to chair |
| 27/9/2024 | 14:40 | UK RNS | Pressure Technologies PLC Sale of PMC and Board Changes |
| 20/9/2024 | 08:21 | ALNC | IN BRIEF: Pressure Technologies cuts outlook; advances division sale |
Pressure Technologies (PRES) Share Charts1 Year Pressure Technologies Chart |
|
1 Month Pressure Technologies Chart |
Intraday Pressure Technologies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/10/2024 | 15:20 | PRESSURE TECHNOLOGIES:::Sheffield Steel | 2,526 |
| 10/6/2018 | 14:04 | Pressure (PRES) One to Watch on Monday | - |
| 24/2/2016 | 16:19 | Next US President 2016 | - |
| 23/2/2012 | 23:13 | 'Next US President' betting thread. | 3 |
| 10/2/2009 | 16:53 | Pressure Technologies - big opportunity in biogas | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-11-22 08:07:54 | 36.65 | 800 | 293.20 | O |
| Top Posts |
|---|
Posted at 22/11/2024 08:20 by Pressure Technologies Daily Update 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 35.50p.Pressure Technologies currently has 38,667,163 shares in issue. The market capitalisation of Pressure Technologies is £13,726,843. Pressure Technologies has a price to earnings ratio (PE ratio) of -20.17. This morning PRES shares opened at 35.50p |
Posted at 29/9/2024 21:57 by cerrito Understandable why the sale took so long as Ragu Vamsi, who have progressed in the last20 years far more successfully than PRES, have no other operations in Europe and hence the level of support being provided to them which no doubt took time to negotiate.Yes good that a buyer was found for the whole division at a respectable price. Clearly Chesterfield is too subscale to justify a listing long term and we private investors find ourselves in the not very satisfactory situation as we watch Harwood,Schroders and PG with their 56% combined shareholding decide on the corporate structure going forward. |
Posted at 20/9/2024 06:57 by cerrito I reminded myself that last year adjusted ebitda was £2.1m and a £0.9m loss tha year before.Singers have put it under review from buy and withdrawn forecasts which is sensible given the unknown of the sale and profit adjustments. I am going on the basis from the wording that adjusted ebitda will be £850/900k. I would have thought that all of this news has been reflected in the recent share price decline but who knows. I note that in July Singers had £1.1m adjusted ebitda forecast. |
Posted at 27/8/2024 17:24 by cerrito 40 Fathoms, they still have to the end of the week to meet their August target date, although someone lost patience this morning and the small sale was enough to move the price down.At the moment I am taking it in my stride as I have got it into my head that there is quite a bit of annoying detail in the PMC businesses to be sorted. |
Posted at 01/8/2024 09:35 by cerrito I saw the fall in the share price yesterday and checked the volume yesterday and Monday July 29 and in both days low.I am neither buying or selling as have no vision as to what the appropriate share price is in the current circumstances. |
Posted at 07/7/2024 18:39 by cerrito Just caught up with the note from Singers which came out on Tuesday. I had gone on the basis thar given the importance of the PMC sale they were not going to publish anything.FWIW, they have a buy with a 12 month target price of 40p |
Posted at 04/7/2024 00:20 by 40 fathoms Landed certainly, however,I would suspect that they have caught what ever they are going to catch from HAR 1 & 2 already.Did he provide you with more confidence around the sale of PMC division ? Obviously there is always risk until it closes but he gave me the impression that the PMC division was now in good shape. If they get a price in the range of the book value (or better) for PMC it will be transformative to the financial health of the company. As you say, what the business looks like after the disposal will depend a lot on hydrogen. defence, industrial and integrity management can probably average a small net profit GBP 1 to 2 million pa. Any upside to these numbers, if it comes at all, will come from hydrogen.If we see decent order levels from HAR1 we can start to make informed judgments about the impact from each additional HAR allocation round. It is going to be a very interesting run in to the end of the year. |
Posted at 03/7/2024 15:47 by cerrito The Paul Hill vox markets podcast this week is with PRES non exec Richard Stavely.For me he was quite right to emphasise the huge amount of freehold land next to the motorway. Given his position he was right.to be circumspect about the valuation of CSC. With the run off of the Dreadnought programme need to get overseas defence business.Hydrogen has big potential both with the HARS 1 and 2 programme , but the fish have to be both landed and caught. |
Posted at 14/3/2024 08:02 by darrin1471 Contract Placements and Update on Sale of PMC DivisionPressure Technologies plc (AIM: PRES), the specialist engineering group, is pleased to announce that Chesterfield Special Cylinders ("CSC"), its wholly owned subsidiary, has been awarded two major contracts, as expected, in the defence and green energy sectors and maintains its outlook for FY24. The Group also provides an update on the sale of the Precision Machined Components ("PMC") division. BAE Systems Australia Contract CSC has been awarded a major contract to supply air pressure vessels to the Royal Australian Navy's Hunter class frigate program. The contract award by BAE Systems Maritime Australia covers the first batch of three frigates in the program and will underpin the Group's expected global defence order book development in the second half of FY24. Initial manufacturing milestones will commence later this year and pressure vessels are expected to be delivered to the program over the next three years. Pressure vessels manufactured by CSC will form an integral part of safety-critical onboard systems. The Hunter class frigate is based on BAE Systems' established Type 26 Global Combat Ship platform, currently under construction for the UK's Royal Navy. Cheesecake Energy Contract CSC has also been awarded a major contract to supply high-pressure steel cylinder packages to Cheesecake Energy Limited ("CEL"), a UK developer of sustainable thermal and compressed air energy storage systems, for a pilot project funded by the Department for Energy Security & Net Zero. Utilising cylinder packages supplied by CSC, CEL systems will store surplus energy generated by a dedicated solar power plant for use in periods of high energy demand, reducing reliance on fossil fuels and the grid, and lowering carbon emissions. This significant contract award for CSC is for a total of 48 cylinders with initial manufacturing milestones commencing later this year. Update on Sale of PMC As previously announced, the sale process for the PMC division was launched in December 2023 with the release of information to a range of interested parties. Following engagement with potential acquirers, the Board has received a number of non-binding indicative offers for the division. During the next phase of the process, the Board intends to provide selected potential acquirers with additional access to PMC and will invite final offers for the division. The Board continues to target completion of the sale process in the third quarter of FY24 and will provide a further update in due course. |
Posted at 20/10/2023 23:20 by 40 fathoms @£2.1m they are now essentially in line with management guidance for this year.In terms of the time to add or not I think it is worth thinking about headlines that could possibly occur in the coming months and assigning a probability to them and their potential price impact. - Resolve or don't resolve banking situation. In terms of share price I think resolving would give a few % bump and not resolving it will be a large negative. My view here is that given the strategic importance of what they do to the MOD that one way or another a solution will be found. I point you towards the MOD buying Sheffield Forgemasters 2 years ago as an example of the MODs desire to ensure the Naval/Submarine supply chain. Our situation is much less critical we just need access essentially to working capital and in the worst case can also probably do without it. - Large Naval or Hydrogen contract. Would obviously depend on size but I think both would give shares a decent bump with traction with hydrogen deals offering a sustained rerate and military orders probably proving less durable for the share price. - Sale of PMC division. Given they have said this is something they wish to do it is likley a high probability event in the coming months. If they get anywhere close to a "market price" for the division this will have a very significant share-price impact in my view. Overnight you could be looking at a business that has @80 to 90% of its current market cap in net cash and freehold property. The reaming CSC business in this scenario would be profitable to the tune of @£1.5m to @£2m pa (depending how much of the unallocated costs they can takeout)and with a path to £4m to @£5m from order growth and margin improvement over 3 years. |
Posted at 30/9/2023 17:08 by cerrito Given all the company results I have had to process in the last few weeks, PRES for me has been out of sight out of mind.I note that September has not been kind to the share price.It seems trading volumes have been on a par with recent months.Friday with 50k shares traded was quite active by PRES standards. I go on the basis that we will get a TU between Mid October and Mid November. I do not see myself buying or selling till then unless we get into the mid 20s. To check the health of their O&G customers I see that the share price of Haliburton is up 28% and Schamberger 18% in the last 6 months but no idea how good a proxy that is for the amount of orders they are giving PRES. |
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