PRES has been a great performer since arriving on AIM.
Following National Grid's recent report it looks like there could be a big opportunity in biogas. New commentary on Investor's Champion, www.investorschampion.com.

Biogas first for UK energy
Sub 9x multiple for a high growth business in energy space looks too low. Latest FREE commentary at www.investorschampion.com

Latest acquisition will benefit from Gulf spill
http://www.investorschampion.com/research/company/pressure-technologies

Chevrons commitment good news for the deepwater drillersand Pressure Technologies
www.investorschampion.com/blog

Deep water market set to rebound strongly in 2011/12 with PRES likely to be a big winner
www.investorschampion.com/research/company/pressure-technologies/

Wake up and look at the cycle!

Last week's trading update was disappointing but one look at the market and recent updates from some of the key players (some of which are surely customers of PRES) suggests this business is in great shape for 2012 and beyond.

In the Groups new Engineered Products Division management confirmed that Al-Met had record annual sales in 2011. When it bought Al-Met in Feb 2010 it announced that turnover for the 12 months ending 31 December 2009 was 4.2m, adjusted adjusted EBITDA 0.5m and gross assets of 2.0m. The initial cash consideration, represents a multiple of 3.5 times unaudited historical adjusted EBITDA. That sounds alright to us!

Management has confirmed that they expect the current record level of sales in Al-Met to be maintained into 2012 with further growth in this business expected in 2013. Industry forecasts and customer feedback indicate significant growth for wear parts into the subsea market from 2013 with double digit growth forecast for both 2013 and 2014.

Hydratron acquired on 18th Oct 2010 had sales of 4m in the UK in the year ended 30 April 2010.

With 1H11 sales in the Engineered Products Division of 5.1m the house broker is now forecasting full year sales in 2011 of 11.1m. That doesnt look too bad either if one considers that 2010/2011 wasnt an easy period for the industry remember Macondo!

Its worth noting that Cameron International, the industry leader in the provision of flow equipment products, systems and services to the oil and gas market yesterday reported total orders of US$2.0bn for the quarter and a backlog of US$5.8bn, the second highest quarter-end level in its history. PRES is bound to be dealing with CAM in some form

Management confirmed that the Groups stated focus remains to double the size of the Engineered Products Division organically the market looks highly supportive to us!

New commentary at www.investorschampion.com

Goes ex-divi wed 15th feb, 4.8p

Recent AGM statement was very positive
Shares continue to trade at a huge discount to giant peers National Oilwell Varco (2012 PER 13.8x; 2013 11.8x) and Cameron International (2012 PER 17.1x; 2013 12.9x). As CSC returns to form, with the first material order received for CBG and the balance sheet in great shape this looks unjustified. http://tinyurl.com/2vhgn65

There are margin pressures in the manufacturing of large Cylinders, but these should be balanced by the very high margins that can be achieved in the area of in-situ inspection and related services, an area that surely represents the next phase of this Group’s evolution from old style manufacturer to a provider of specialist services to the safety focused environment of oil and gas drilling.

The falling oil price will also be of concern to some, however, new build activity in the area of deep water rigs is very strong and build schedules won’t change as a result of short term oil price falls. Saudi Arabia stated previously that they would like to see oil remaining around $100 / barrel level and they are best placed to ensure this happens!

The growing Engineered Products Division also offers valuable diversification, albeit still within the oil and gas space.

New commentary covering broker upgrades and peer comparison
http://www.investorschampion.com/research/company/pressure-technologies/

New commentary on PRES from Investors Champion
http://www.investorschampion.com/research/company/pressure-technologies/

Incorporates new house broker numbers

According to IC the shares are set to surge. After significantly diversifying its business over the last few years, profits are tipped to surge. The shares factor in little of this and look ridiculously cheap. Broker Charles Stanley forecasts strong earnings growth for the next three years of 32%in 2013, followed by 38% the year after and then 22% in 2015. Yet pressure technology shares trade on a miserly 11.3 times EPS estimates for 2013, dropping to just 8.2 times in 2014. And adjusting for net cash, equivalent to 24p a share, that sinks to just 9.9 times and 7.1 times , respectively.

The sp has gone like a rat up a drain pipe :-)). In IC today - It is growing fast , has cash in the bank, no debt, pays a tasty big dividend and still looks cheap. Non exec Nigel Luckett clearly thinks so. Management has hardly been prolific buyers of the stock in recent times. He has just spent £39,000 on 18,000 shares, now holds 70,000.

Pressure Technologies director raises his stake

Mon, 22 July 2013



It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday.

Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000 shares in Pressure Technologies, equal to a stake of 0.62%.

The firm, which specialises in technology for the containment and control of liquids and gases in pressure systems, saw its share price reach a 52-week closing high of 217.5p last week. Following the purchase on Monday, the shares jumped again to a fresh high of 235p.

Last month, Pressure Technologies announced that revenues in the first half (ended March 30th) totalled £16.4m, up 30% from the year before, while pre-tax profit more than doubled from £0.46m to £1.33m.

Chairman Alan Wilson said: "The interim results show the benefits of the board's diversification strategy and these, combined with on-going opportunities, give us considerable optimism for the future."

Closed up 13% on Friday

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during Friday's trading session when it reached 290.00. Over this period, the share price is up 71.21%.

Contract wins for Chesterfield BioGas

RNS


RNS Number : 1400M

Pressure Technologies PLC

21 August 2013





Embargoed for release at 07.00 hours 21 August 2013



Pressure Technologies plc

("Pressure Technologies", the "Group" or the "Company")



Contract wins for Chesterfield BioGas



Pressure Technologies is pleased to announce that its Alternative Energy division, comprising Chesterfield BioGas Limited ("CBG"), has secured two orders to supply biogas upgraders and ancillary equipment with a combined sales value of £4.6 million.



Both projects use the Totara model biogas upgrader, capable of processing up to 2,000 cubic metres of biogas per hour. The Totara upgrader will clean the raw biogas, produced by anaerobic digestion of the waste, to more than 98% pure biomethane, matching the purity criteria required of natural gas being piped to households and commercial premises.



The new-generation CBG upgrader employs the Greenlane® water-scrubbing method, which uses no heat or chemicals, just water, much of which can be re-cycled. Major improvements have been made recently to the layout and accessibility of the system.



CBG is the sole technology partner in the UK for the Greenlane® systems, which are the most widely proven in this market. More than 70 sites are currently operating successfully around the world; 27 of these employ the Totara model.



CBG will install and commission the upgraders, which have scheduled handover dates in the second-half of the Group's 2014 financial year. Once the sites are operational, CBG will generate additional revenue from a long-term contract to monitor the upgrader's performance and maintenance services.



Stephen McCulloch, Managing Director of CBG said: "These orders mark a step change in the market for biogas upgrading, which is moving from small scale, proof of concept projects to large scale plants, which deliver commercial returns to our customers."



Pressure Technologies Chief Executive, John Hayward, added: "I am very pleased for the team at Chesterfield BioGas. Their dedication and hard work over the last five years is finally reaping rewards. These order wins, together with a very promising pipeline of potential follow on orders, give grounds for considerable optimism for the Biomethane to Grid market in the UK and the outlook for Chesterfield BioGas."

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during today's trading session when it reached 290.90. Over this period, the share price is up 76.30%.

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during Wednesday's trading session when it reached 315.00. Over this period, the share price is up 89.39%.

Onwards and upwards. +4%

Closed up 9.60%

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during today's trading session when it reached 350.00. Over this period, the share price is up 107.58%.