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The Group’s Chesterfield BioGas subsidiary secures a major contract to supply and install upgrading equipment for the UK’s latest project to use gas from renewable waste resources and inject it directly into the national gas grid.

The AIM listed, designer and manufacturer of speciality engineering solutions for high pressure systems announced its full year results for the year ending 1st October 2011. Having only recently (21st October 2011) updated the market there was little new in the numbers, however, management comment certainly comes across as more positive.

We remain of the view that recent updates from the subsea oil equipment and services space suggest huge promise for PRES into 2012 and beyond, driven by a recovery in its core large cylinder business and further expansion of the Engineered Product Division.

Last week’s trading announcement was somewhat ‘mixed’ but recent updates from the giants of the offshore drilling space suggest huge promise for PRES into 2012 and beyond.
The shares currently sit at all time lows yet this is now a much larger and better balanced business than first arrived on AIM. Another great opportunity to pick up a bargain?

The AIM listed designer and manufacturer of speciality engineering solutions for high pressure systems issued interim results for the 26 weeks to 2 April 2011 which were much as anticipated following the trading update on 21st April. Encouragingly the oil and gas market is seeing a material increase in new build activity for deep water rigs, a core market for the Group.

The AIM listed designer and manufacturer of speciality engineering solutions for high pressure systems issued a reassuring trading update last week ahead of its AGM. Leading industry figures have commented how, since the Gulf spill, energy-exploration companies have favoured the newest drilling rigs which should be of benefit to PRES.

The AIM listed, designer and manufacturer of speciality engineering solutions for high pressure systems issued full year results broadly in line with expectations with encouraging signs of orders starting to come through in its core market. In the meantime recent acquisitions are performing well.

Pressure Technologies has announced the acquisition of the Hydratron group of companies for a total cash consideration of £3.3m. Hydraton’s pressure testing rigs, which are used to pressure test valves and pipe work operating at extreme pressures, could be in greater demand following the Gulf spill due to the increased focus on safety.

The Group’s Chesterfield BioGas subsidiary received positive coverage earlier this week after successfully completing its first biogas upgrading project involving the first injection of organically produced gas directly into the National Gas Grid. PRES remains cash rich and, even after the recent mini bounce in the share price, remains modestly valued. With plenty of growth on the horizon this remains a compelling story. Download our latest commentary here… 

The leading designer and manufacturer of speciality engineering solutions for high pressure gas systems has announced encouraging contract wins from BAE Systems for the supply of high pressure air cylinders for the fifth Astute Class submarine and the two new aircraft carriers.

Following last week’s encouraging announcement of a major order from Centrica plc, the leading designer and manufacturer of speciality engineering solutions for high pressure gas systems issued its interim results for the 26 weeks to 3rd April 2010.

There was excellent news yesterday from Pressure Technologies, though you wouldn’t have believed it from the share price move! The group’s Chesterfield BioGas operating division has secured its first major order from Centrica plc, the owners of British Gas.

The leading designer and manufacturer of speciality engineering solutions for high pressure gas systems issued a trading update ahead of its annual general meeting on 10th February 2010; there was also news of an interesting acquisition.

The leading designer and manufacturer of speciality engineering solutions for high pressure gas systems came out with an encouraging set of full year results. Underlying operating profit was up 10% to £5.4m and cash generation was excellent, with the group finishing the period with net cash of £7.9m. The year end order book remained substantial at £16m.  The group’s new Chesterfield Biogas division will be a big beneficiary of the Government’s Renewable Heat Incentive which is due to be announced in January 2010. 

Strong full year results, order book & cash position bodes well for 2009.
Very exciting position in biogas.

Great results – a joy to behold in the current small cap market!

IPO note - Loads of potential with this specialist engineering businesses ( comparison with Plant Offshore Group)