IAmShareCrazy
01 Aug 2018
Any views on the outlook for these Pretty dire according to two financial indicators. The pitroski f score and Altmann z score. The chart is not good either. If I can open a short I will.
Ripley94
01 Aug 2018
Any views on the outlook for these PRES… XXXXX Hi Broncomanic. Did you continue to hold i see someone included a link from Paul Scott just after you last posted . Did he once recommend it ? I see they are down to about 106p now. Ripley
IOMINVESTCOM
30 May 2018
Paul Scott's view Share price: 144p (down 22.6% today, at 14:49)No. shares: 18.6mMarket cap: £26.8mTrading updatePressure Technologies plc, the specialist engineering Group today issues an update ahead of its interim results for the 26 weeks to 31 March 2018...There's quite a long explanation for how the various divisions are performing, and problems encountered. This is a highly abbreviated version;... the Group's results for the full year are expected to be substantially below market expectations.Some of this seems to be timing issues - work slipping into the next financial year.Other problems at the alternative energy division, include contract delays, legislation delays. A review has concluded that the division will be loss-making this year, but strategic options are being explored - a disposal, possibly?My opinion - for me, this share is too complicated - too many division, for such a tiny market cap of only £26.8m.I feel that the level of debt is too high for comfort, and a balance sheet that is top-heavy with intangibles from acquisitions.There's a bigger structural problem too - this type of engineering business, relying on large contracts, is not likely to have very predictable performance. So profit warnings seem to happen quite often.An optimist would point out that its core oil & gas markets are improving. So there could be good upside if future profits recovered to anything like its glory days a few years ago. Also, the issues mentioned today are said to be "largely ones of timing" - so this share could recover over time, possibly?On balance, I'm looking for groups with strong balance sheets first & foremost, so this one doesn't cut my mustard.As you can see from the 5-year chart, PRES did roaring trade when the oil price was high in 2014. If you're bullish on the oil price, then this could be an interesting way to play that. So far though, share price recoveries have generally been dashed by disappointing results, hence were false dawns:[link]
Broncomaniac
30 May 2018
Ouch Just as the share price was starting to recover nicely, management announce a profit warning. Results will be ‘substantially below market expectations’.The market has been completely wrong footed by this, so I think it may take a while for confidence to be restored.Most of the problems seem to be timing issues, so I shall continue to hold, but I saw one early trade suggesting this will be down at least 20% today.
IOMINVESTCOM
04 May 2018
3 Small-Caps to Profit from a Stable Oil Price Pressure Technologies (PRES)Pressure Technologies designs and manufactures high-pressure components and systems for industries including energy, defence and industrial gases.Its largest market is alternative energy, which it serves through its Greenlane BioGas subsidiary in the UK, Canada and New Zealand. The firm makes equipment to upgrade, or purify, biogas for use in the gas grid or as vehicle fuel. On its website it claims a recent report suggested the biogas upgrade market could be worth almost $2 billion by 2022.Oil and gas is its second largest market, so it hasn’t been immune from the slump in the price of oil. It makes products used on offshore rigs and drilling systems.It floated on AIM at 150p back in 2007, rising to test £8 by mid-2014. But, as the oil price sunk from $115 then to under $30 in early 2016 and demand for its products waned, so did the share price. mid-2016, it had reached a closing low of 128p, 15% below its IPO price.But things didn’t get better. The stock eventually bottomed at 115p in November 2017 – a decline of 85% in three and a half years. But house broker Cantor Fitzgerald Europe thinks things are now looking up.The share price is back above its initial price, at 168p, after strong full-year earnings announced in December. Revenue for the full year was up 7.3% year-on-year to £38.4 million and the firm returned to profit. Cantor reckons it can quadruple that number to £5 million next year.Chairman Alan Wilson says that, while optimism in the oil & gas market is increasing by the month, with the price now in the $70s, market conditions in general are still “challenging”.It also raised £4.8 million at the tail-end of last year, which it says will reduce debt and provide funds for growth. Net debt is expected to reduce from £11 million to £5 million.A forward earnings multiple of 11.2 times puts Pressure Technologies on a 32% discount to peers, according to analyst Robin Byde. A target price of 220p suggests upside of around a third.[link]
IOMINVESTCOM
12 Dec 2017
Stockopedia view Share price: 140.5p (up 6.0% today)No. shares: 18.6mMarket cap: £26.1mFull year resultsPressure Technologies (AIM: PRES), the specialist engineering group, announces its full year results for the year ended 30 September 2017. This looks to be another turnaround situation, I quite like the look of this.The company has managed to eke out an adjusted profit of £1.1m, although after all costs the operating loss was £1.6m.Net debt still looks too high to me, even after taking into account the £4.8m net proceeds of a share placing, post year end.Outlook comments are the most interesting part of today's announcement.The level of optimism within the oil and gas market is increasing by the month. Major oil companies reported healthy profits for quarter-three 2017, which is a sure sign that their attentions will start to move towards investment and growth. Recent assurances by OPEC that production cuts will be sustained until supply-demand has been rebalanced is encouraging. Even the top three US-based shale producers have issued a cautionary note on the speed and level of investment that is prudent in order to sustain a profitable oil price.Positive noises are also made about the group's other markets - renewable energy, and industrial cylinders - where UK MoD work for nuclear submarines provides, "a visible order pipeline for some years ahead".Given a more positive outlook in our core markets and the recent fundraise that has bolstered our financial resources, supported by steps we've taken to ready our businesses for growth, the Board is optimistic that the Group is well prepared to capitalise on opportunities as they arise.My opinion - this looks an interesting turnaround. This group has been highly profitable in the past, when its markets were more buoyant. The CEO today says;The reorganisation in recent years means that there are significant operational gearing gains to be made as volumes increase. The recent share issue improves the Group's ability to support large scale organic growth, and with no immediate major capital expenditure required the Group is in good shape.Personally I'm not really looking to open any new long positions at the moment. However, if I were, then I would give this company serious consideration. There could be more upside on the share price, as the market factors in anticipated profits growth.[link]
IOMINVESTCOM
12 Dec 2017
Results - outlook OutlookThe level of optimism within the oil and gas market is increasing by the month. Major oil companies reported healthy profits for quarter-three 2017, which is a sure sign that their attentions will start to move towards investment and growth. Recent assurances by OPEC that production cuts will be sustained until supply-demand has been rebalanced is encouraging. Even the top three US-based shale producers have issued a cautionary note on the speed and level of investment that is prudent in order to sustain a profitable oil price.Renewable energy is becoming more topical amongst the public at large and governments are making bold statements about moving away from carbon-based fuel sources. Whether some of these rather ambitious political statements are achievable remains to be seen, but the general increase in awareness of what renewable energy has to offer is helpful. The potential market for biogas is enormous and we remain confident it will materialise and offer us substantial opportunities for increasing sales and profits.Given that we are already working on the design of cylinders for the Dreadnought-class of nuclear-powered submarines for the UK Ministry of Defence, which offers us a visible order pipeline for some years ahead, it is pleasing to conclude that all three of our other major industrial markets look promising for the foreseeable future.Given a more positive outlook in our core markets and the recent fundraise that has bolstered our financial resources, supported by steps we've taken to ready our businesses for growth, the Board is optimistic that the Group is well prepared to capitalise on opportunities as they arise.BUSINESS REVIEWThe Group's core technical skills are highly valued by our customers, many of whom are pioneers in what they do. They choose to work with us because of our ability to transform their innovative ideas into high-quality, safety-critical products where the opportunity cost of failure is often orders of magnitude higher than the cost of the product. This creates strong relationships built on the honest and open way in which we do business and our culture of delivering excellence.We have an unrivalled heritage, with over 120 years of experience and knowledge making us clear leaders in our markets. Chesterfield Special Cylinders is the world's leading supplier of cylinders and inspection services into the naval and military aerospace markets. Our Precision Machined Components and Engineered Products businesses are trusted suppliers to the world's leading oil and gas innovators. Greenlane Biogas is a pioneer in biogas upgrading, a world leader with the largest installed base of upgraders, having supplied the world's two largest upgrading projects and recently developed the world's largest ever upgrader, the Kauri.The year witnessed further significant changes in the Group. The impact of major reorganisation in our three manufacturing Divisions: Precision Machined Components, Engineered Products and Cylinders undertaken in prior years began to show material bottom-line impact particularly in PMC and Cylinders. Further progress was made in the Alternative Energy Division, which broke-even, whilst at the same time undergoing a radical restructuring.
IOMINVESTCOM
07 Dec 2017
Re: Signs of life - a lift to SP nb - Forgot to add to wait for 1.37 (200 ema) to confirm the break of the long downtrend.atb
IOMINVESTCOM
07 Dec 2017
Signs of life - a lift to SP With it close to it's low a bit early to get too positive but underlying signals improving and dare I say firm.....80)[link]
IOMINVESTCOM
18 Nov 2017
Re: Is it a good time to top up I would say No not at the moment better to wait for improved trading statement..... weak price action this week which might relate to yet further delays of any orders.Also, nursing a thumping loss.atb
ukm
17 Nov 2017
Is it a good time to top up Any views on this as I am wondering wether to double up and reduce my loss.Cheers
Ripley94
17 Oct 2017
Re: Any views on the outlook for these RNS .. Results of placing @ 1.22p.Was at a discount price has held at 127 to 135 today.
Broncomaniac
13 Jul 2017
Re: Any views on the outlook for these I first bought in April 2015 (236p), sold in May 2015 for a nice profit (at 289p). Bought back in June 2015 (192p), only to sell out the next day for a small loss (186p). I then bought in January 2016 (157p) and have been holding since, topping up a couple of times in the 150s.
Ripley94
13 Jul 2017
Re: Any views on the outlook for these I see i looked at these in June 2015 , and i see you were posting as well.I can not recall why i was,did you not buy back then Broncomanic ?
Broncomaniac
11 Jul 2017
Re: Any views on the outlook for these I bought some more about a month ago, at about 150p. Not looking a great decision so far.Pretty sure I had a thorough read of the trading statement before buying, but I can't recall my reasoning at this time.
