By Steve Moore | Wednesday 27 April 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Reviewing the previous trading update from Pressure Technologies (PRES), I suggested a profit warning ahoy - see HERE. Just over two months later, an “Update on Recent Trading” includes that the board now “anticipate that the result for the year ending 1 October 2016 will be substantially below current market expectations”…
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