The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I crystalised a little profit here too Adastra but kept a nice slice in for further gains.
I hope Smith & Nephew does it for you. I agree it is tempting at that price.
Today Smith & Nephew's 50day sma crossed below its 200day sma, whatever relevance that has...
Even better news..
The contract is with a new customer, not their other new customer EDF.
My bet's on MAN Energy
When is news from Airbus expected?
Superb news!
This will be the start of a steady influx of orders as Hardide are marked as a preferred and approved supplier to EDF Energy.
Institutional investors happily taking large percentage stakes at over 40p
Already had bought some...
Are you running the same algos as me?
Let's hope it does better than PRES eh!
For individuals, the RNS is a reactive source of news about UK companies. This news could form the basis of some traders’ decisions to open or close a position, which means that the financial markets are very reactive to RNS announcements.
Or lack of them...
And by the looks of the share price, many others too
That's great and all Cacher but if they don't announce the contracts they win, there's no point being here for me....
Hopefully they've sorted out any future anticipated Steel supply issues.
"Long-term supply agreement established with steel tube manufacturer, Vallourec and strategic stock orders placed to meet hydrogen-related demand outlook and lead times"
I'm surprised they didn't make more of a deal about the new contract(s) with SHELL for H2 storage across Europe.
I'm also surprised it wasn't RNS'd in its own right.
Never mind! H2 storage/fuel cell contracts are increasing at a good pace, which is what i wanted to see.
Nice that the MOD contract order book is up 75% on same period last year and the Cylinder division's increase in Hydrogen related revenue more than made up for the O&G decrease in profits for the period.
I can understand your frustration Adastra.
From reading the RNS, i was expecting 15% up not 15% down.
I doubt that 10k/20k seller will be selling more before interim results.
If they do i'll be hoovering them up :)
An interesting read on Hydrogen, its storage and role in decarbonisation.
Bodes well for companies capable of manufacturing storage vessels for H2
https://spectrum.ieee.org/energywise/energy/the-smarter-grid/time-for-utilities-to-learn-to-love-hydrogen
That's a couple of the reasons i'm here Adastra.
Most importantly, as you mentioned, PRES (through their subsidiary CSC) will be well positioned to take advantage as the world moves towards a more robust decarbonisation effort.
Whether its large specialist cylinders for Hydrogen fuel storage or large specialist Nitrogen storage cylinders for Nuclear power cooling, PRES should have started seeing an uptick in their order book.
The recent contracts with behemoths EDF and Ingersoll for Hydrogen fuel storage speaks volumes.
At some point this will be reflected in a rerate of the share price, hopefully to the levels seen 5 years or so ago.
I am in agreement with the 12 month broker forecast of £1.80.
The G7 needs to put more pressure on the adoption of Hydrogen as a fuel;
Both through environmentally clean sources and through incentivising the refiners to remove the carbon from fuel at source to provide a cleaner fuel.
Hydrogen in my opinion certainly has the best potential for quick adoption as decarbonisation needs rapidly increase.
Methane can easily be converted to Hydrogen and a CH4/H2 mixture piped through existing gas infrastructure, greatly reducing CO2 output whilst increasing efficiency.
Only issue is storing the Hydrogen. It needs specialist large cylinder equipment in between the refineries and pipelines/customers.
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.
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%
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.
GnM
The early response to the Indian variant for those who have had the AZ vaccine seems quite promising.
For me, TRX is a hold for 1 to 2 years where i hope and fully expect to see my investment multiply between 5 and 10 times its present value.
I don't worry or care about short term fluctuations in the share price because the share price is currently magnitudes away from TRX's potential.
It's consolidating here, short term traders being replaced with longer term investors, hardly dumping.
Only been 24 grands worth traded so far today, 10% of normal daily volume.
I'm want to pick up a few more million but will have to wait a few weeks.