Make your money go further for just 25p per day

Pressure Technologies (AIM:PRES) – Wake up market and look at the cycle!

28/10/2011 · Pressure Technologies (PRES) 

The trading update was disappointing but one look at the market and recent updates from some of the key players (some of which are surely customers of PRES) suggests this business is in great shape for 2012 and beyond.

In the Group’s new Engineered Products Division management confirmed that Al-Met had record annual sales in 2011. When it bought Al-Met in Feb 2010 it announced that turnover for the 12 months ending 31 December 2009 was £4.2m, adjusted adjusted EBITDA £0.5m and gross assets of £2.0m.  The initial cash consideration, represents a multiple of 3.5 times unaudited historical adjusted EBITDA. That sounds alright to us!

Management has confirmed that they expect the current record…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Pressure Technologies

A UK technology success story

14/03/2024 · Company Insights

Our coverage here includes our assessment of a fast-growing UK-listed (that makes a change) technology group,…


Big order books | Travel delights

30/01/2024 · Company Insights

Full year results from a specialist engineering group covered here offer encouragement, but can it keep it…


More Company Insights

Outrageous remuneration | Fabulous results | Cracking bargain

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

Sign-up to our free email updates

SIGN UP