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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
  -6.30 -18.81% 27.20 546,348 16:45:42
Bid Price Offer Price High Price Low Price Open Price
27.00 27.60 34.20 27.30 33.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 25.28 -4.20 -12.00 8
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:42 UT 1,404 27.20 GBX

Pressure Technologies (PRES) Latest News (3)

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Date Time Title Posts
28/9/202217:11PRESSURE TECHNOLOGIES:::Sheffield Steel2,299
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 (PRES) Most Recent Trades

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Posted at 28/9/2022 09:20 by 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 33.50p.
Pressure Technologies Plc has a 4 week average price of 27.30p and a 12 week average price of 27.30p.
The 1 year high share price is 101.50p while the 1 year low share price is currently 27.30p.
There are currently 31,067,163 shares in issue and the average daily traded volume is 272,414 shares. The market capitalisation of Pressure Technologies Plc is £8,450,268.34.
Posted at 27/9/2022 17:13 by tresham
We should have known in July, after the sale and lease back; things were going wrong then. I didn't like that deal, it is a committment we don't want. Another share where lots of talk of exciting prospects just means thing are going wrong. At £10m market cap, the company is cheap. If the CEO and CFO could go without too much expense I could see the company being bought out.
Posted at 27/9/2022 16:50 by cerrito
Well the new Chairman who joined on April 1 certainly has a baptism of fire. I do not know if he gets more or less than the £65k his predecessor got but if he does a good job he will be worth it. Too bad that they had such an anti social AGM that we could not meet him Obviously in the current environment companies such as PRES have many booby traps to negotiate and they are not alone with all the delays announced this morning. Incidentally tomorrow we have a manufacturing company with first class management-AVG-announcing their prelims and I am interested to see what delays they have had. We were warned in the July IMC update that there were delays in hydrogen but that Almet’s orders in June had been good. I give the CEO the benefit of the doubt, but no idea if I am being charitable. The people who seem to have read this right are Lloyds as I have been surprised by the hardline I have read them taking over the years with PRES. It did seem that they reduced their facility with the proceeds of the Roota sale and leaseback. I go on the basis that they will show flexibility on the covenants in the short term but will expect any scheme that E&Y come up with be effective before the June 2023 RCF end date. As stated the role of Schroders with their 26% will be v important but I have never seen them as being very proactive-perhaps I am wrong.. Harwood will be proactive and no idea if Gresham House will join them or say to hell with it and exit their 5% holding. The danger to the share price is that an Insti with a smaller holding will decide to in Lynton Crosby’s phrase get all the barnacles off the boat given current market conditions and sell and not be too fussed about the price. If that happens there will be no bounce back in the share price and is a major reason why I am in a funk and not planning to add at these prices. I do not see myself as selling. I am not sure if I see much appetite for yet another equity raise. I do not see an obvious way forward. Someone could make an offer for PMC and that would be in theory good but that would leave us CSC which is rather too small to justify its own AIM listing. Someone could buy the whole company and sell of what they do not want. Just as well they are in the three sectors with high visibility. My reading that defence is virtually all naval and indeed submarine so they would not be benefiting from the need to kit out the Ukraine army. PS I assume by now the previous Chairman sold all the 360k odd shares he used to have.
Posted at 27/9/2022 10:53 by lookagain
Paraphrasing Warren Buffet, if you want to make a million in the share market then start out with a billion.
Posted at 27/9/2022 09:41 by 40 fathoms
@my retirement fund - in complete agreement IF they agree to a waiver it will come with a price tag.
Posted at 27/9/2022 09:02 by darrin1471
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.
Posted at 13/8/2022 12:54 by darrin1471
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.
Posted at 12/8/2022 22:54 by my retirement fund
Surely share price way overdue some excitement and a good thrust upwards?
Posted at 12/6/2022 18:25 by cerrito
I have not paid these shares much attention recently and the last trade I did was a small purchase April last year I went on to the website of Pres, Chesterfield Cylinders and Almet but none of them had a news section to see if anything happened of interest which did not justify a RNS. No surprise that the Chesterfield website had a long list of vacancies but this did not feature on the Almet website. I saw the reference in the AGM trading up date to PMC’s clients and checked to see how the shares of Halliburton performed- up 55% YTD but had gone nowhere in the last 2 months and to Baker Hughes whose shares are up 37% YTD but have also stalled in the last 2 months. Not much change in the share register year to date. Just as well given low trading volumes, especially in the last 6 weeks. On May 19th 52k shares traded and in this period only 3 days in which more than 30k traded. As always one has to hope that neither Schroders or Harwood lose patience and decide to sell…if that was to happen the mind boggles as to where the price will end up. I remember at the AGM in Singers’ office just before the first lockdown, the then Chairman Gardner was explaining the personal connections he had with large investors, and of course now he has gone. I have just seen that only a third of the shares were voted at the AGM which suggests that some of the larger hiolders did not bother to vote. On past form , this week or next we will get the interims and I hope we have an IMC or similar presentation of these. What should we be expecting? Hopefully better than the half year to September 21 when the trading profit was only £2m way down on the figures of recent years apart from the £1.4m in the half year to September 20. They of course told us in the AGM TU that they are confident of meeting full year market expectations. We have no idea what the board regards as full year markt expectations but I note that their house broker has this year’s PBT going from last year’s negative £1.9m loss to a profit of £0.9m and sales going up from £25.3m to £29.5m which given Pres’ bullish commentary should be well feasible. PS Well done to those who bought in the 60’s in March.
Posted at 31/3/2022 07:25 by riddlerone
Very positive trading update "In Chesterfield Special Cylinders, the overall order book has reached its highest level for over five years, as order intake for high-value defence contracts increased during the first half of the year, with manufacturing scheduled to commence as expected in the second half. Https://
Posted at 08/3/2022 15:00 by darrin1471
tresham. I hold a small amount of PRES mainly on the hope of Hydrogen but also on the back of an O&G recovery. Hydrogen appears to be on track and an exciting opportunity still. O&G and defence looks on the up due to Ukraine. The ongoing headwinds are inflation, energy, commodities and the supply chain. When/if PRES turns the corner the upside is significant. If hydrogen goes to plan then PRES could then be revalued as a growth stock. Continue to hold very small amount, intend to add at some point.
Pressure Technologies share price data is direct from the London Stock Exchange
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