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Pressure Technologies - "Will beat expectations"

November 2013

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.

  • Epic Code:
  • PRES
  • Price:
  • 360p
Pressure Technologies spiked up sharply after it indicated a better than expected end to the year and said profits will now be ahead of market expectations. The cylinders arm was buoyed by increased demand in the oil & gas sector and a growth in naval defence projects. On the engineered products arm, Hydratron UK has been going like a train whilst  Al-Met is in-line. The alternative energy division has a strong pipeline and 2014 should be a vintage year.Charles Stanley has lifted its forecast for the year just ended by 20% to £3m and eps of 20p. This year's inches ahead to £3.5m and 23.3p respectively. Results are on 3 December; keep on buying. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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