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Market seems to like it. Still in here, good company, well run. Long term investment.
Shows what I know LOL
Its manufacturing divisions performed well in the year to date, with an increasing order load in the Precision Machined Components and Engineered Products divisions, and a solid order book in the Cylinders segment, however, the Alternative Energy division is expected to post a result below market expectations. Full year results to be released on 12 December 2017.
Ticking up nicely and chart nicely poised.
Watch out for the Kauri system, part of the diversified Biogas portfolio.
Looks like the worst is over, nice rise although the fallback over the last few sessions was a bit overdone,220p initial target for me, good company this, long term prospects excellent.
Looks as though a seller in the market here now spoiling the rise.
Rising well...
half yearly wasn't good reading , will await placing.
..
looking grim here , how low will it go.
Short term, looks dire here. Unfortunately, see new 52 weeks low. Will keep on watchlist for when market conditions improve.
Some chunky buys in this today
This is going down and down atm... How linked to crude prices is this company? Can anyone fill me in please?
Nice buy at full offer and very well bid online not far off mid price so looking very solid
Looks pretty solid and this was 700p+ just 2 years ago
Might test this 200p level this week
Then clear blue skies upwards
Cantors 195 price target reached today See post on iii below
continued: Before the market reaction, the shares looked cheap to Cantor Fitzgerald analyst Richard Hickinbotham, trading on a price/earnings (PE) multiple of 9.2 times for 2016 and just 6.9 times for 2017. Even after Tuesday's share price surge, that only rises to a still –modest 11 times and 8.5 times respectively. And Cantor is sticking with its 195p price target. There's a 4.6% prospective yield, too.
Pressure Tech flags profits beat: It's been a terrible year for Pressure Technologies, but it's a class act and investors are betting that the shares have bottomed out. We've spotted a rare beast this results season, a company that actually expects to beat earnings forecasts this year. Pressure Technologies (PRES) has been pummelled over the past year because of heavy exposure to the oil industry, but its Precision Machined Components (PMC) and Cylinders divisions have both done better than expected, and the Alternative Energy business has had a strong second half. Having last week registered a near four-year low, investors have piled in on proof that Pressure Tech is staying afloat, steering the shares up an incredible 24% Tuesday. Pressure Tech makes money selling air pressure vessel systems used on deep water drilling rigs and drillships, and high pressure cylinders for submarine ballast. But with a majority of its income from the oil and gas sector, it's little wonder the shares had sunk 82% since July 2014 to just 140p Monday. Cost-cutting should skim £1.5 million off its bills this year, which could improve as management look for other saving opportunities. This will cover the deferred consideration for its Quadscot acquisition. With strong cash generation in the second half, debt will be lower, too. The firm's breadwinner, PMC, has trumped expectations with the company's highest return on sales and cash conversion. Although there have been fewer orders since April and pressure on pricing is ongoing, all divisions have made a profit in the period and in-sourcing of machined products from Quadscot will beef up margins. Thanks to efficiencies put in place earlier this year, Pressure Tech's Cylinders business should easily beat forecasts, although the Engineered Products operation, which makes high pressure hydraulic pumps, has been unable to offset lower orders, price pressure and an order deferral. Things could improve once a new managing director is appointed, however. With a strong second half from the Alternative Energy unit, the company is looking at using its technology to access waste management and renewable energy supply markets. This is a cracking biofuels business, and while timing will likely remain an issue, a strong order book and enquiry levels is a good sign. Ahead of its full-year results on 15 December, the company said: "Along with many others in the sector, we do not foresee any signs of pick-up in our main oil and gas market during 2016, however we do not currently anticipate market conditions deteriorating further. As a result, we remain confident in our expectations for our Precision Machined Components, Cylinders and Engineered Products divisions. The Alternative Energy division is project based and consequently is subject to the timing of new contract awards, but we are pleased with the growing momentum in this business."
share price was over 7 around July 14 , , this is now a share I will be watching after todays news , ,may be interesting to see how this moves today , also watching pel this week , like to try and buy into a share when share price is low , pres is a share that may be interesting to see if more positive news , hoping for longer term holders pres share price continues to move back up more
i think the market just answered my optimism, shame I didnt press the button
nice to see the buying pressure pushing this share price up , hoping pres share price may move up more today after this rns
seems exposed to the highest cost end of O&G sector ...the great head of Vitoil has echoed my call on Peak Oil Demand (not supply)...amazed/lol...we could be in for a v bleak spend in O&G...and esp in sub sea