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Pressure Technologies – recovery “significantly below that anticipated”… and what about the balance sheet I warned of?

By Steve Moore | Tuesday 27 September 2022


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.


Previously writing on specialist engineering company Pressure Technologies (PRES) in 2020 with the shares down to below 53p, having previously written with they just below 130p, I concluded ‘I retain that, particularly with the balance sheet and despite the shares having more than halved since, I’d want to see convincing overall trading recovery evidence before reconsidering the stance to avoid’. The shares most recently closed at 63p... but today a “Full-Year Trading Update”.

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