Updates

Pressure Technologies - Order book 100% ahead

March 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.

Pressure's AGM statement seemed to be just a breath away from saying it is trading ahead; instead it said sales prospects across the group are very strong and Pressure is confident that the outcome for the current year will be at least in line with market forecasts. The business is clearly firing on all cylinders. In November, both Al-Met and Hydratron took over £1m of new orders, a record for any single month. The alternative energy side has also secured a further order amounting to £1.8m for a biogas-to-grid installation in Scotland. At the end of January, the total orders on hand are said to be 100% higher than at the end of January 2013. Over 600p during the month. Buy / Hold. ...

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