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 0.0% 89.00 38,465 08:00:00
Bid Price Offer Price High Price Low Price Open Price
88.00 90.00 89.00 89.00 89.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 28.29 -0.52 -8.60 28
Last Trade Time Trade Type Trade Size Trade Price Currency
15:54:49 O 2,113 89.90 GBX

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Date Time Title Posts
07/5/202111:11PRESSURE TECHNOLOGIES:::Sheffield Steel2,157
10/6/201815:04Pressure (PRES) One to Watch on Monday -
24/2/201616:19Next US President 2016-
23/2/201223:13'Next US President' betting thread.3
10/2/200916:53Pressure Technologies - big opportunity in biogas-

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Pressure Technologies Daily Update: Pressure Technologies Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker PRES. The last closing price for Pressure Technologies was 89p.
Pressure Technologies Plc has a 4 week average price of 87.50p and a 12 week average price of 87.50p.
The 1 year high share price is 115p while the 1 year low share price is currently 52.50p.
There are currently 31,067,163 shares in issue and the average daily traded volume is 121,164 shares. The market capitalisation of Pressure Technologies Plc is £27,649,775.07.
cerrito: 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: 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: 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
longshanks: 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?
trombone_89: pres recognition HTTPS://
rambutan2: Nice to see Gervais Williams backing the rebirth:
martyn15: Primary bid too, seem confident of a share price boom...
cerrito: 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.
cerrito: 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: A very delayed report of a good AGM and too bad that despite it being held in London only 5 private shareholders there. Board were fully available both before and after the meeting.There was no presentation. Voting As can be expected with the shareholder base this was high at 10m shares out of a total of 18m and all resolutions passed North Korea style. Chairman said he knew both Artemis and Gresham House well. I could not engineer a way to find out why after all his large cap experience he was involved with tiddler PRES. Main part was a description by the CEO of where he had been concentrating since the last AGM. As alluded to in the AR the main focus was in the integration of the PMC units into one group. He gave a good presentation in the integrating of the companies which had operated separately as well as changing and strengthening management. Particular attention had been placed on improving the control of the production processes. The AR had referred to delays they had experienced in meeting customer orders. This was he claimed a thing of the past as they now had a much firmer grip and if there was a delay because of an issue in their supply chain they were now able to pre warn the customer. The whole sales effort has been strengthened and focused. While the focus had been on PMC, there had been management changes in Chesterfield and they had benefited from the new practises in PMC. All very good but of course the proof of the pudding is in the eating and will be interesting to see the first half results. Other No questions on Brexit, corona virus or the impact of lower oil prices. The Pittsburgh operation was closed last year as they realized that no sales to the US navy were in the offing. Confirmed that operationally PMC and Chesterfields were separate. They would have customers in common but they would be working with different divisions. Finance Nothing specific came up but it was clear to me that it was recognized that working capital management would continue to be key especially with the reduction of the Bank line at the end of the Year. Something they have in their back pocket are the Greenlane shares which I understand they could sell as their holding has reduced after the latest capital raise. There are as I understood it no firm plans and in any event skill and patience will be needed to sell off their holding. Hydrogen Commented that they had identified the market for steel high pressure cylinders produced by Chesterfield in refuelling stations and indeed name checked Pau in France where ITM was involved. Tanks made of composite materials had been used for these cylinders but had been found not to be secure enough and hence the use of steel. Activity this year should' be the same as last year and of course alot of opportunities in integrity management. They had approached this market in a very systematic fashion. Final comment Good to see the RNS today with the Chairman buying more. No surprise that the share price has been drifting down given the current oil market as oil and gas took 57% of sales in the last FY and the reduction of their banking facility at the end of the year. Goofed as I really should have explored their operational gearing
Pressure Technologies share price data is direct from the London Stock Exchange
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