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Pressure Technologies – argues “growing diversification and sustainability”, But...

By Steve Moore | Tuesday 3 November 2020


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 2018 with the shares just below 130p I concluded particularly with the noted balance sheet, I’d want to see evidence of strong, sustainable recovery in trading from here before reconsidering my stance to avoid. Today a “Full Year Trading Update” – and the shares currently 10% further lower, at below 53p…

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