Updates

Pressure Technologies - Fall in oil price creates uncertainty

January 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Pressure has released record full year results with sales, pretax profit and eps all up strongly by 57%, 132% and 98% to £54m, £7.6m and 44.9p, respectively. This year had been expected to be well ahead again helped by the two acquisitions completed post the year end (Greenlane and Quadscot which didn’t contribute in these results) but the sharply lower oil price has caused customers to reduce upstream investments and brokers have cut forecasts to £73m sales, £9m pretax for eps of 49p. Pressure’s biggest division is Engineered Products following the acquisition of Roota in 2014. Divisional sales were up 50% at £24.1m with profits doubling to £4m. The outlook is diffi ...

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EKF Diagnostics

2015 NAPS - Our shares for the year ahead

Pressure Technologies (November 2020)

Pressue Technologies (November 2019)

Pressure Technologies - Order intake +85% year on year for precision engineering as headcount climbs (July 2019)

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