Pressure Technologies (PRES)

Pressure Technologies PRES Logo

A holding company engaged in the design, manufacture and reconditioning of seamless high pressure gas cylinders.

30-May-2018 – 186p – £34.6m – PER 11.4

Tradiing Update For The 6 Months To End March 2018 – Takes a lot of reading to find out at the end “The cumulative short-term effect of these means that the Group’s results for the full year are expected to be substantially below market expectations”.

A new one for me and looks likely to drop below my usual £30m Market Cap now. Anyway, it’s going straight onto my Avoid list.

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