Updates

Pressure Technologies - 18% upgrade to forecasts

July 2014

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.

Very strong interims from Pressure with sales, pretax profit and eps up 21%, 57% and 38% to Â£19.9m, Â£2.1m and 12.7p respectively. Together with the results, Pressure also said H2 started strongly with its order book 59% ahead and it consequently expects to â€œexceed current market forecasts.â€ Pressure is firing in all three divisions: cylinders, engineered products and alternative energy. The historical mainstay in Cylinders saw sales and operating profit both up 23% to Â£10.4m and Â£2.27m respectively, as well as generating impressive 24% growth in its closing order book. The pricing pressure in the ultra large cylinders (used to stabilise deep water oil and gas platforms) might have depressed profit but was more than off ...

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Pressue Technologies (November 2019)

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

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Pressure Technologies - Fall in oil price creates uncertainty (January 2015)

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Pressure Technologies - Eps enhancing acquisition of Roota (April 2014)

Pressure Technologies - Order book 100% ahead (March 2014)

Pressure Technologies - Wins largest ever £4.2m contract (February 2014)

Pressure Technologies - Riding positive super trend in deep sea exploration (January 2014)

Pressure Technologies - "Will beat expectations" (November 2013)

Pressure Technologies - Fast growing specialist engineer (September 2013)

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