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Results: PRES

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Pressure Technologies – “pleased to confirm… successful completion of the fundraising”. Really?

Previously writing on specialist engineering company Pressure Technologies (PRES), in September I concluded ‘even with the shares currently down to a 36p share price, £11.2 million market cap, the current trading and financial situations mean I hope the prior warnings here were heeded and suggest to continue to avoid’. The company is now “pleased to confirm… the successful completion of the fundraising at the issue price of 30 pence per share”. How ‘pleased’ should it be?


Pressure Technologies if this is value creation rather than executive greed I am a monkey’s arse

AIM sewer-listed Pressure Technologies (PRES) says that it has established a new executive incentive arrangement, the Pressure Technologies plc Value Creation Scheme  which “provides a strong motivation to executive management to maximise the performance of the Group in a manner that is closely aligned with the interests of the Company's shareholders.” Oh yeah.  If so I am a monkey’s arse

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