Alan Tittymarsh
14 Jan 2015
Re: Why is this dropping This is an AIM stock so any foreseeable bad news hits AIM stocks for 6, and vice -versa. When you buy an AIM stock you are taking a big risk and a much bigger one than buying a FTSE 250 stock.Unless you think that the market price of oil is going to reverse and gain at least 50% within the next year there's little point in holding. And there's a big oil glut at the moment with more shale coming on stream. So the near term future for oil related stocks ain't that great.
DrRadcliffe
12 Jan 2015
Re: Why is this dropping (Attn. DrRadcli... Don't know. Unusual now you come to mention it. It was posted from Croydon - not sure if that's always the case. A bit of mystery...It's always a good read though!
Blue Sky Boy
12 Jan 2015
Re: Why is this dropping (Attn. DrRadcliffe) Doc, how come you received your copy of SCSW on Friday morning? I always receive mine on Saturday morning.
DrRadcliffe
12 Jan 2015
Re: Why is this dropping SCSW article on Pressure Technologies in the January newsletter. They recommended setting a stop loss at 300p. This might have had an effect. I received my copy on Friday morning.
lambrini girl
12 Jan 2015
Re: Why is this dropping 218
Blanketstacker
12 Jan 2015
Re: Why is this dropping Have a look at my post on HTG and good to Paul Scott's twitter account. All oil services are looking at major falls in teh medium term. Probably best not to buy yet.
ukm
12 Jan 2015
Why is this dropping I tried to research to understand what could be driving the drop, other than the current situation with the oil. I couldn't find anything which we would draw to Pressure. Does anybody else have a view, as I am not sure whether ti buy more, or cut my losses. Thx.
zulu principle2
10 Dec 2014
Re: Forecast figures I've been thinking about these forecasts.The forecasts look great2015 EPS Forecast 49.00p EPS Growth 28.6% PER 8.8 PEG 0.31 2016 EPS Forecast 60.50p EPS Growth 23.5% PER 7.1 PEG 0.30 The brokers in the past has regularily upgraded their forecast and PRES has then gone on to beat these upgraded forecasts.PRES has come out and highlighted that the oil and gas sector will be reducing their spending and this will impact their cylinder business.I do hope that the 49p for 2015 is achievable. It does seem quite high in light of the reduced sales for cylinders. I would have preferred lower forecasts that would have reduced the chances of in 3 months time saying 49p is not achievable and issuing a profits warning.Was my increasing my holding too rash, I will think furth
IOMINVESTCOM
10 Dec 2014
T1ps view on Full Year results Pressure Technologies - Full Year ResultsToday (2014-12-10 13:42:45)Print this Articleby James FaulknerSpecialist engineer Pressure Technologies (PRES) has announced its results for the year ended 27th September 2014, a period of rapid transformation for the group. Underlying (i.e. before acquisition costs, amortisation on acquired businesses and exceptional costs) operating profit jumped 138% to £7.8 million, on revenues up 57% to £54 million, boosted by acquisitions. Basic earnings per share increased by 47% to 28.5p - c.15% ahead of house broker expectations - and the final dividend payment was hiked by 8% to 5.6p giving a total payment for the year of 8.4p per share (2013: 7.8p).On the balance sheet, the group ended the year with net funds of £5.8 million, courtesy of a £16.1 million placing which helped finance acquisitions. Newly negotiated bank facilities have provided a further £25 million revolving credit line, including a £10 million accordion facility, which provides ample room for further acquisitions plus any deferred considerations from recent deals. Operating cashflow was just £1.1 million during the period, mainly due to an adverse movement in working capital on the back of higher trade receivables. Capital expenditure also more than doubled during the period, to £2.2 million.Trading highlights...The two divisions that are dominated by the upstream oil & gas industry, Cylinders and Engineered Products, enjoyed an increasing order intake trend during the first three quarters, with a gradual decline in order intake thereafter "in line with market changes". Nonetheless, both divisions finished the year with order books higher, or similar to, last year-end levels. The Alternative Energy division generated a strong order intake, particularly during the second-quarter, ending the year with an order book 30% higher than the comparable figures from last year. The company notes "substantial market opportunities for expansion", particularly given the inclusion of Greenlane Biogas as part of the group.Following the aacquisitions of Roota, Greenlane Biogas and Quadscot, Pressure Tech has created a Precision Machined Components division, which comprises Al-Met, Roota and Quadscot. The two Hydratron companies will form the Engineered Products Division, whilst Alternative Energy will include Chesterfield Biogas (CBG) and Greenlane. The Cylinders Division remains unchanged.Impact of falling oil price...Clearly, this is the issue that has dominated trading in Pressure Technologies' shares of late. Although there is general agreement amongst market commentators that the world demand for energy is set to grow by over 50% between 2010 and 2035, and that energy derived from fossil fuels will continue to make up over 80% of world demand in 2035, the short-term picture is uncertain. as resulted in major development projects being postponed, or re-engineered to reduce costs. Day rates and utilisation of semi-submersible drilling rigs have been in decline for the past year, as new rigs come to market and oil companies delay drilling programmes until there is more market certainty. At year-end, there was a 10% reduction in the number of semi-submersibles and drillships due for delivery in the next 3-4 years compared to last year. Recent strategy has helped to reduce the impact of cyclicality in the oil and gas industry, primarily via acquisition, and lessened the historic dependence on large contracts for major capital assets. As a result, the group's diverse product portfolio and broader industrial focus now encompasses smaller capital projects and consumables. In the future, it is expected that each of Precision Machined Components, Engineered Products and Alternative Energy will drive the group's growth, with Cylinders enhancing group profitability. In the current year, the company expects a reduction in sales into the deepwater oil and gas market in Cylinders, but continued growth through other di
Revoman
09 Dec 2014
Re: Forecast figures EPS forecast went up after the Greenlane acquisition, that's the discrepancy.
zulu principle2
09 Dec 2014
Re: Forecast figures From the IC Article "Broker Charles Stanley nonetheless downgraded its pre-tax profit forecast for the year to £9m, giving adjusted EPS of 49.0p."Note they are looking for EPS of 49p which they say is a downgrade which is understandable.However that's higher than the figures I have, 46.5p from their Sept 18th Forecasts.2015 EPS Forecast 46.50p EPS Growth 22.0% PER 10.5 PEG 0.48 2016 EPS Forecast 65.40p EPS Growth 40.6% PER 7.5 PEG 0.18 I'll wait and see what forecasts come out for 2016 but as far as 2015 goes I'm happy with either 46.5p or 49p.There is going to be a drop in the orders from oil industry but some of that will be offset buy increases elsewhere. I'd guess they will make another aquasition in 2015. From their previous record they have been successful with their aquisitionsThis is a quality company and I bought more today of a company with a PER of 10. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price" Warren Buffett.I think with PRES I have done that.
zulu principle2
09 Dec 2014
investors chronicle - HOLD Oil price hits Pressure Technologies"We've never had a busier year," says Pressure Technologies (PRES) chief John Hayward. "But the oil news is scaring investors." Although the Sheffield-based engineering group posted record revenues, a 14 per cent increase in its order book, growth in all divisions and a near-doubling of operating profit to £5.6m, its dependence on the oil and gas sector sent the shares plummeting 12 per cent on results day.Mr Hayward accepts that Pressure's cylinder segment will be hit hard by a low oil price, as weak capital spending is likely to put a stop to oil-rig construction. But he reckons the group is much better prepared for cutbacks in its core oil and gas division than when energy prices last took a hit, in 2009.Pressure's diversification strategy was given a boost by a £16.1m share placing in March. The proceeds were used to bolster its engineered products and alternative energy divisions, which are both expanding rapidly.Alternative energy, Pressure's smallest business, posted a 30 per cent increase in orders, and Mr Hayward believes the international exposure brought by the Greenlane Biogas acquisition will prolong this trend. This growth, he reckons, should help counteract the effect of a volatile oil price.Broker Charles Stanley nonetheless downgraded its pre-tax profit forecast for the year to £9m, giving adjusted EPS of 49.0p. Pressure's shares have tripled since our buy tip (187p, 27 Jun 2013), and these numbers go a long way to justifying the increase. With the oil price in steep decline, however, it's probably advisable to lock in those profits for now. Hold.
Kristobelle
09 Dec 2014
Re: Forecast figures Wish I had sold and bought back though. Obvious when you think about it. Chairman was bound to add a note of caution and market reaction was inevitable.
zulu principle2
09 Dec 2014
Forecast figures Based on figures I had before todays results I get the belowBased on a price of £52015 EPS Forecast 46.50p EPS Growth 22.0% PER 10.5 PEG 0.48 2016 EPS Forecast 65.40p EPS Growth 40.6% PER 7.5 PEG 0.18 The PER, PEG and Growth look excellent, that's why I have increased my holding by 50% today at £4.90.I will post an update once new forecasts are out
zulu principle2
09 Dec 2014
Re: Added I added too at a simila
