Seer23
12 Oct 2015
Short & Long Term views? Anyone have a view on the short and long term prospects of PRES depending on where crude prices are heading? (current levels vs. higher and how long can they sustain current levels?)
Ripley94
17 Sep 2015
II bombed out 24/7/15 Oil sector affected , up and down.Less risky of 4 mentioned.LG 9 June sell 1.70
Broncomaniac
29 Jul 2015
Have I missed some news? Share price has now rallied 25% without any news flow that I can see?
Broncomaniac
16 Jun 2015
Half Year Results Not sure why the RNS is not showing under news?See here for results:[link] Technologies (AIM: PRES), the specialist high pressure engineering group, announces its interim results for the 26 weeks to 28 March 2015, which shows strong revenue growth as the benefits of recent acquisitions come through. Financial highlights: Continued underlying growth: · Revenue of £32.1 million (2014: £19.9 million) - up 62%· Underlying operating profit* at £2.6 million (2014: £2.2 million) - up 20%· Underlying earnings per share* of 12.1p (2014: 12.7p) - down 5%· Interim dividend unchanged at 2.8p per share· Net debt of £7.5 million (2014 year end: net cash £5.8 million)· New four-year bank facility with Lloyds Banking Group for up to £15 million with an accordion of up to an additional £10 million * Before acquisition costs, related amortisation and exceptional items M&A activity: · Acquisition of Quadscot Precision Engineers in October 2014 for £6.9 million net and two-year earn out of up to £3 million· Acquisition of the trade and certain assets of the Greenlane group of companies in October 2014 for £5.8 million with a four-year earn out of up to £6.2 million· Acquisition of the freehold land and buildings at the Group's Meadowhall site for £3.3 million to secure the long-term future of the Cylinder Division Alan Wilson, Chairman of Pressure Technologies, said: "Whilst we cannot escape the current, very challenging conditions within the oil and gas market, the Group is now much better balanced and the Board will continue efforts to broaden our customer, technology and industrial base. The Board remains confident in the medium to long-term prospects for the Group."
Broncomaniac
15 Jun 2015
Re: Update Tomorrow More than a tick up now! Surely the news that they changed their nomad is not worth a 10% price increase!
Broncomaniac
15 Jun 2015
Update Tomorrow I think the trading update is due tomorrow, or rather more clarification and hopefully quantification on the recent profit warning.The price is ticking up today, I wonder if there is some more leaky information and guidance will be better than expected. However I'm going to wait for more guidance, rather than taking a gamble.
claude reins
05 Jun 2015
A habit of understating bad news This company seems to have a habit of understating bad news. I remember well the comment - almost a throw away - by the chairman at the very beginning of this debacle - when the oil price was sliding - that the oil market was likely to have some effect ion the future figures, or words to that effect. I don't think they have any idea of what the future holds though they are a high quality company in other respects. For this reason, I don't think they are worth holding because I couldn't be confident that the SP is based on anything other than PI sentiment and the toing and froing that headless chickens generally produces.
Broncomaniac
04 Jun 2015
Re: EPS forecasts Greyinvestor, that is an eye opening article from Paul Scott [link] 17p EPS I think this level is still reasonable value considering the potential for this cyclical stock to recover, however there is a lot of uncertainty still. Perhaps I should have given more heed to my earlier post about profit warnings coming along in threes. I will reconsider my position when the markets open tomorrow. I think there is recovery potential, but given the lack of information currently it seems like more of a gamble than an investment, and I have plenty of weighting in big oil in my portfolio. Have you looked at Carillion? I hold some shares, but it is a good dividend payer on a fair P/E ratio, I would have thought a company that might appeal to you. Could you post your thoughts on that board?
Greyinvestor
04 Jun 2015
EPS forecasts According to Paul Scott of Stockopedia, EPS forecasts are now around 14p and 17p. On that basis I've sold out and taken the hit, sickening that I was up 50% not long ago. I should have taken profits, but my whole stance is that of a long term investor. Oh well, you live and learn. I would buy back in, but only at a lower price.My much bigger concern is just how toppy the whole market feels to me. I've sold a number of small company stocks, so now my smallest companies are CNKS and BUR. My SIPP is an absurd 94% cash. I'm going for the APAX IPO.
Broncomaniac
04 Jun 2015
Re: Profits warning I decided to buy back in with a small weighting. Back in at 192.5p including costs. If 20p EPS is realistic then I am happy with this price, with the potential for recovery in the future. Although its a bit risky buying in before the more detailed guidance upcoming in a couple of weeks.
Broncomaniac
04 Jun 2015
Re: Profits warning For once I timed this ok, the big fall a couple of weeks ago spooked me and I sold out at 290p. I wonder if that sell off was prompted by some leaky information...I'm tempted to buy back in now, however I'm hestitating due to the tendancy for profit warnings to come along in threes!
lambrini girl
04 Jun 2015
Re: Commissioned commentary >>>a much lower share price.<<<u sing it and I'll play it..170 target..<<<BANG ON!!!
Greyinvestor
04 Jun 2015
ps well done Jane Well done Jane for a much more insightful position than my own.......
Greyinvestor
04 Jun 2015
Profits warning Ooops, a bad profits warning today. Not good news, my confidence has been misplaced, sorry to all who read my posts.The suggestion is that earnings will be materially below expectations for the next two years at least.Expectations were for EPS of 32p and 37p.I read this as being EPS could be as low as 15p to 20p, but let's see what the house broker comes up with in the next few days.My buy in price of £2.16 doesn't feel terrible versus expectations. I'm holding on with my modest holding for now. But the price will take a beating today.
janebolacha
04 Jun 2015
Re: Commissioned commentary My post of February 6:"This commissioned commentary is forecasting a 10.5% reduction in turnover compared to previous forecasts. With oil companies chopping both capex and opex (figures of 20% to 30% are being mentioned) and with relatively short delivery times for the products supplied by PRES, I'd suggest the reductions in sales are only likely to go one way. Only a rapid and dramatic surge in the price of oil would reverse this. On my own calculations, a 20% fall (which, imo, is not out of the question) would bring after-tax profit down to below £3m or about 21p a share. Margins are under obvious stress, despite what IC say about the company refusing "to endure significant margin erosion just to preserve sales"; indeed, this is obvious from the figures they themselves quote, where a previous estimate of £73m in sales for FY15 would have given PBT of £9m, whereas their latest FY16 estimate gives a PBT of only £8.4m (after the 200k saving on rent) on a similar £73m turnover. These figures would suggest, in fact, that margins are under tremendous pressure. Then, there's a provision of £1.4m in respect of KGTM and other acquisition and reorganisation costs and the complete picture is, to me, looking very sick. I'd be expecting a further profit warning and a much lower share price."Why did it take this company four months to come clean on what was blindingly obvious?[link]
