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
  -0.50 -0.51% 97.00 33,591 15:28:50
Bid Price Offer Price High Price Low Price Open Price
95.00 99.00 97.50 95.75 97.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 28.29 -0.52 -8.60 30
Last Trade Time Trade Type Trade Size Trade Price Currency
16:10:21 O 150 95.24 GBX

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Date Time Title Posts
22/1/202110:52PRESSURE TECHNOLOGIES:::Sheffield Steel2,142
10/6/201814:04Pressure (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

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 16:10:2295.24150142.86O
2021-01-22 16:04:2295.243,5003,333.40O
2021-01-22 15:28:5099.0010.99O
2021-01-22 15:17:1697.972,0281,986.83O
2021-01-22 13:04:1997.343,0702,988.34O
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Pressure Technologies (PRES) Top Chat Posts

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 97.50p.
Pressure Technologies Plc has a 4 week average price of 89p and a 12 week average price of 52.50p.
The 1 year high share price is 145p 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 100,470 shares. The market capitalisation of Pressure Technologies Plc is £30,135,148.11.
rambutan2: Nice to see Gervais Williams backing the rebirth:
cerrito: Incidentally Schroders are going on a buying spree . Today I have seen 3 RNS from them announcing increased holdings in Aim companies I have a holding in-PRES, IES and TGP.
simon gordon: PRES discussed in this interview: Vox Markets - 1/12/20 Gresham House update Vox Markets on their portfolio and the stocks they are watching. Https://
sphere25: I guess that explains why the price didn't push on when making that initial bullish move. Should provide a floor to the price but alot of shares to issue vs more secure finances. Noted the near majority of shares rallying on securing funding earlier in the year but looks like this one is stuck for the timebeing. I guess this is par for the course when you move along the risk spectrum. Even though this is a far higher risk play imo with a complete mixed bag, it is short term vs long term again: Short term numbers: "However, tougher trading conditions, Covid-19 disruption and the previously announced deferral of revenue and profit for a defence contract into the year ended 2 October 2021 ("FY21") resulted in a reduction in Group revenue for the year to approximately GBP25 million (2019: GBP28.3 million) and overall the Group is expected to deliver an adjusted(1) operating loss for the year (2019: GBP2.2 million profit)." Longer term potential: "CSC has a strong order book going into FY21, with high-margin projects, including the defence contract deferred from FY20, weighted to the first half of the year." PMC alot more issues and then there is the Hyrdrogen side which appears to be cause for optimism. Which will the market focus on?
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???
games: Fd prob needed for due results. Pres has a mention. Finding a ten bagger. I don't fully agree, as cyclical is a bit much, more a change of trend / gov policy, which may be bumpier. hTTps:// Companies to watch Digital payments and fraud prevention services provider Boku (LSE:BOKU) has been growing strongly and increased online usage has enhanced this growth in some sectors. The fraud prevention division has held back progress, but it will contribute more in the longer-term.  Engineer and cylinders manufacturer Pressure Technologies (LSE:PRES) is doing poorly at the moment but this is a cyclical business. Once revenues recover profit will improve rapidly.
cerrito: I listened to an interview on Directors’ Talk of the fund Manager of Gresham Strategic. This fund has 15.1% of PRE$ and the overall Gresham House Group has 19.63%. This is what the Fund says of its holding in PRES in its AR Quote Additional investment via a block placing at the start of the year made us the largest shareholder, backing a new management team to deliver a return of organic growth and simplification of the operational structure of the business. Chesterfield Specialist Cylinders (CSC) is a leader in the design, manufacture and maintenance of large-scale high-pressure cylinders for military, marine and oil and gas industries. A significant opportunity is emerging for their expertise in the Hydrogen sector. Defence activities remain the dominant sector. Precision Machined Components (PMC) supplies key metallic engineered components that are destined for extreme or hostile environments in mission critical functions, such as the oil and gas and extractive industries. It came under significant pressure in the oil and gas downturn between 2014 and 2018 and will do so again. New CEO, Chris Walters joined in September 2018 and commenced the implementation of a revised strategy to dispose of the loss-making alternative energy business, reducing debt in the process, and to rationalise the core businesses PMC and CSC with a goal of reinvigorating organic growth. He now has a new set of challenges. We are delighted, therefore, that the highly experienced Sir Roy Gardner has become the new Chairman to help guide the business through this period. Unquote. To me the key is the last sentence and indeed Gardner did at the AGM make a point on his relationship with Gresham House. I read this as saying that as long as Garner is around they will not sell their shares…no idea what Artemis thinks. I have always meant to have a look at Gresham House who regard themselves very much as a value investor to invest in their funds. Not sure how much PRES meets the criteria they look in their investments.
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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