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They're pretty active on LinkedIn. A good account to follow, and it's clear from their posts that the hydrogen angle is quickly building
I also expect weekend press comment from previously positive tipsters in the Mail and Times to resurface this week heralding a long overdue rerate.
Easing of lockdown also opens the doors to a huge volume of mandatory pressurised equipment testing that Pres is qualified to do and has to be done for customers on site and in situ. The backlog here must be substantial for Pressure Techs qualified inspectors. Plus oil and gas markets as well as hydrogen are opening up quickly.
Not without its interests to larger players like IMI either.
They should be in a very nice position financially and from an order book perspective.
£30M market cap is very low for a company with such general and Hydrogen specific expertise, recent and expanded contract wins and in demand globally with regulatory tailwinds behind them.
The early receipt of the promissory note for £3.1m plus £0.4m interest plus receipt of the previously announced deferral of revenue on a defence contract from Q4 FY20 into Q1 FY21 should help interim progress as lockdown drops.
Looks like you're correct....confusing but have been watching for long time. My main reason was the payments due last year that will have been paid into current year telegraphed in finals. Onward and upward from here
Hi Adastra,
I'm not sure whether the tweets you mention below are related to PRES. I think Pressure Technologies (PRES) and Pressure Tech Ltd are two different companies.
Nevertheless, in my opinion you've done well managing to buy PRES at these levels.
I am hoping to be pleasantly surprised by Pressure Technologies' interim results in a week's time. I reckon their order book will be up way more than 50%
Lots of positive info out there if you go trawling.
DYR and benefit.
I did the research but missed the low. I'm in. This is a selection of news items I gleaned over the weekend from Pres twitter, feed and Glossop/Buxton news.
Pressure tech
Next month we look forward to announcing the results of all our hard work and efforts with some very exciting news, and hopefully, some better weather!"
Pressure Tech in Hadfield has seen a 50 per cent increase in orders this year, which has presented its own challenges
The visit also provided the opportunity for the MP to see Pressure Tech’s success in the Green Hydrogen Fuel Cell market, with a recent order secured for 2,000 pressure regulators being exported to a key customer in the USA.
A recent contract win from the USA means the company needs to effectively double its production capacity, and Steve hopes to land two or three accounts with similar scope.
Managing director, Steve Yorke-Robinson explains: "Norway is absolutely a market of interest to us. Several of the world’s leading OEMs for Hydraulic Power Units (HPUs), Intervention Workover Control Systems (IWOCs) and Chemical Injection Systems are located in Norway, and these applications are key targets for our hydraulic pressure regulators in particular. In addition, Norway is a leader in subsea technology, so we expect the demand for our subsea pressure regulators to increase over the coming years and decades."
Pressure Tech's financial year started in November, so the end of April marked the half way point.
We are pleased to announce that we have made a fantastic start, with a 65% increase in sales order intake compared to last year!
It also marks a record order entry for the first 6 months in any of our previous 20+ years!
Do with it as you will.
Regulatory pressure pushing decarbonisation and PRES nicely funded with £7.5M.
Hydrogen storage contracts many times PRES's Mcap up for the bidding.
Only a handful of companies possessing the capability to offer large Hydrogen storage solutions.
With PRES recently winning a contract to supply Ingersol/Haskel with H2 refuelling storage solutions, the recent £3M contract for N2 storage with EDF and the regular government recerts etc; the hard work and expertise at PRES and its subsidiaries seem to be starting to pay dividends.
Hopefully we will see some early evidence of this in next Tuesday's Interim Results.
In the post linked below, Daimler promote the 1200km hydrogen corridor across Europe being developed by Shell - presumably using CSC and PRES as part of the supply chain.
The growth in this area over the coming decade or two could be mindboggling...
https://www.linkedin.com/posts/daimlertrucksbuses_hydrogen-activity-6802848267483811840-FOWz
And so are Schroders.
I am happily accumulating at these levels.
If the market wasn't illogical there would be no chance to make money.
Just took a look at Financial Times and they have indicated a price target of around 190 in next 12 months (based on a broker indication) with Schroders Investment Management being the majority holder.
Anyone knows why this share is sleeping for the last so many months and there is little or no movement at all?
I try to look at the buys/sells and it appears that people are busy accumulating shares very quietly at these levels
I always believed that hydrogen is going to be one of the key investment themes over the next few years and therefore a little surprised at so little movement here
Any thoughts on this would be much appreciated :)
Its probably a kid's account - no fees and parent teaching the pros (cons?) of share dealing
This has got to be good news for PRES.
We should be trading above £1 by Friday.
Did well in this a few months ago back in recently along with other H2 related shares after a correction pres are the company to go to globally for guaranteed safety/compliance in this new and delicate sector
Happy to keep topping up my SIPP with these shares until this ‘sleeper’ wakes.
As usual DYOR and GLA
The fact that Pressure Tech is involved in hydrogen rollout with Ingersoll Rand Inc is the key determinant here. There is massive interest at the moment in commercial vehicle hydrogen in Europe which will aid implementation of private vehicle hydrogen. It isnt just the manufacture and installation here. Pressure Tech is uniquely involved in mandatory cylinder and system validation across the globe. The mandatory certification is and will be a key earnings stream in coming years as travel restrictions ease. One to tuck away with the increaed possibility of very pleasant surprise RNS's now the recent fundraise has reinforced the balance sheet.
Forgive my ignorance. But can anyone tell me what is the point of buying or selling 1 single share.
Great news for PRES!
Sign up to this petition to get hydrogen refuelling activity up the agenda in the UK
https://petition.parliament.uk/petitions/561614
Wrong board sorry but hay I’ll be watching this board from now on. !
Thanks for bringing to my attention I’ve looked at them before just put a order in nice uk set up should have got earlier on but better late than never now cmon Argo spread your wings.
Fantastic RNS, Hydrogen contract with a Ingersoll Rand Inc, a US giant with $18 billion Mcap