|Premier Tec Ser
||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Premier Tec Ser Share Discussion Threads
Showing 176 to 200 of 200 messages
|Another new contract.
|If this doesn't race ahead too much, then it's possible that scsw might also include it next month since the 2 publications are connected.|
|Thanks GHF, good to see the overhang clear.|
|Cheers Aishah, good to hear. If you could copy one or two highlights at some point that would be appreciated!|
|Yes, A BUY in The Momentum Investor. Good write-up. I've added at the open.|
|A flurry of buy's this morning, have we been mentioned somewhere I wonder ?|
|Battlebus - If you read the RNS again you'll observe that they've sold out completely.
I saw the trade (3.182m) go through on Monday evening @74p. As I understand, Slater's entire holding was placed with a new buyer. Should this prove correct then we can expect a further holding RNS with declaration that the new holder exceeds 3%.
From my notes, I last had Slater at 3.37m or 3.8% & it's clear from the shareprice action that there was a seller in the background with Slater having shed 150k shares prior to the 3.182m trade.
Free float is small - as we already know - so with this overhang gone will we now observe some share price appreciation?
Hope so ;-)
|Slater investments look o be exiting, now below 3%.|
|Looking much better now - but still only on a P/E just in double figures given 6.84p EPS forecast for the year ending soon and 7.77p EPS next year.
OT : LOL Apad!|
|My driver is that they are acquisitive in a specific area that is their management's expertise.
It is my only criterion for acquisitive companies. All others are no-go.
I think the recent fuss is an interesting artefact of share investment that treats all companies as black box balance sheets.
I shall hold for a while to see how things develop, I am not inclined to increase at the moment.
Good to be in a company where Riv is researching - but it does make me lazy!|
|FYI this is how Numis summarised PTSG in their initiation note from last month, with a 125p target:
Strong growth, high returns
Premier Technical Services Group (PTSG) offers an attractive combination of rapid
revenue growth, high margins and ROCE. It is the market leader in the provision
of specialist services in Access and Safety, Electrical Services and High Level
Cleaning, yet has less than 10% share. We forecast an EPS CAGR of 19% (2015-18),
but expect PTSG to continue its track-record of EPS upgrades. Trading on a 2016
PE of 11.5x and EV/EBIT of 9.9x, we think the shares are significantly undervalued.
We initiate with a BUY recommendation and 125p price target (60% upside).
Strong revenue growth. PTSG has delivered a 24% revenue CAGR 2009-15 (14%
organic, 10% acquired, we estimate). Its addressable markets are worth around
£600m, implying a PTSG share of c.6%. Its activities are highly regulated, creating both barriers to entry, and high levels of repeat business. Renewal rates on maintenance contracts are high (88% in 2015). PTSG has undertaken 20 acquisitions since its formation in 2007. We expect PTSG to continue taking market share both organically and through further acquisitions.
Sector leading margins. PTSG has consistently delivered gross margins >50% and
adjusted EBITA margins >20%, 2012-15. The specialist services, and unit rate pricing (rather than cost plus) lend themselves to high gross margins in inspection, testing and maintenance services. The attractive EBITA margins are generated through a combination of scale, national coverage, and use of technology, that serve to maximise engineer utilisation and leverage costs.
Attractive returns. Between 2010-15, post-tax ROAIC has averaged c.42%. Post-tax
return on operating capital, which more closely approximates the return on organic
investment, has averaged c.74%. We think that management has established a strong
track record of significantly improving the profitability of the businesses that it acquires, driving attractive returns on that investment. We estimate that the company has c.£5m of headroom against current facilities to undertake further deals."|
|better than a kick in the ar$e|
|Not a lot 0.7p I believe.|
|Whoops thx bb2|
|Ex dividends on Thursday.. Today :))|
|Ex div tomorrow I believe.
battlebus welcome aboard - your patience is exemplary and justly rewarded!|
|I've joined the PTSG party with a few today, watched and waited long enough :))
See i'm in good company.....|
|tipped with target of 130p? Midas?|
|Nice move today. Back to 80p for starters?|
|Cheers fizzypop, here's the link (it's dated 1 day ago):
The last couple of paragraphs are interesting in terms of (a) recurring income and (b) recent successes:
"The contract will see the Group’s highly skilled engineers at 20 sites across Scotland, testing lightning protection systems and carrying out servicing and repairs wherever necessary. All works will be carried out to British Standards, and as ever, will demonstrate the commitment to quality and safety on which PTSG has built such a strong reputation.
This announcement follows a number of other recent contract wins for PTSG’s Electrical Services division for lightning protection services; including a national framework with the major UK retailer Timpson, and contracts with Anglian Water and Ofsted; further enhancing the Group’s reputation as one of the leading suppliers of niche specialist services across the UK."|
|larva - you have never a good word about anything. I reckon larva = immature stage of insect development - synonynm = maggot
But agree the payment time is overlong for this sector.|
|won't get paid quickly
Scots are known to have short arms and long pockets
So 120 debtor days will become 200 dd i guess
Any instutiotnal investor won't invest here because of 120 days to get paid BIG RED FLAG
|Awarded a lightning protection contract with National Trust Scotland across 20 sites.|