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Pressure Technologies – prior accounting treatment “not permitted”, audit delay and shares suspension ahoy!

By Steve Moore | Tuesday 21 March 2023


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 November I questioned why should confidence be put in now that it has the bridge to profitable, cash-generative trading in the year ahead and that dialogue with the bank seems to always be “constructive” until it suddenly isn’t. Today an “Update on FY22 Audit, AGM & Current Trading”-titled announcement.

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