Premier Technical Services Share Discussion Threads

[apad] 23/8/2016 08:34

Any concerns over how tightly held the shares are (60% in 3 places I think)?
apad

[mr dexy] 19/8/2016 19:39

GHF,

As ever, thank you for your informative postings.

Regards


Mr D

[apad] 19/8/2016 19:00

I have a small first holding. Very informative board - refreshing.
Thanks,
apad

[fizzypop] 19/8/2016 17:37

New electrical service contracts with Anglian Water (8 sites) and Timpsons (National Framework - 1000 sites).
New service contract with Wolseley Plumb Centre (530 sites).

The momentum continues ...

With apologies to Glasshalfull.

[fizzypop] 13/8/2016 09:23

No doubt the Pauli effect will irradiate the share price on Monday.

[fizzypop] 12/8/2016 17:05

From Paul Scott's report today:

hxxp://www.stockopedia.com/content/small-cap-value-report-12-aug-2016-rtn-rol-cbuy-sdy-phd-ptsg-siv-146625/

Premier Technical Services (LON:PTSG)

Share price: 80.6p
No. shares: 88.1m
Market cap: £71.0m

(at the time of writing, I hold a long position in this share)

Trading update - everything sounds fine at this niche services company;

...although H2 has just started, the Group is trading in line with recently upgraded market expectations for the financial year ending 31 December 2016. The directors look forward to providing a full update on the Group's progress in the interim results announcement in September.

The group goes on to say that Brexit does not appear to have impacted on its ability to win contracts, and it has a healthy order book.

My opinion - I'm impressed with management here. They seem to run a tight ship.

Bolt on acquisitions seem to be excellent value, and are earnings enhancing.

[martinthebrave] 11/8/2016 19:54

Bought in today having had on the watch list for a while. Have a feeling I will be adding a few more quite quickly. An added bonus is that this seems to be a good board with a few familiar faces.

[rogers8] 11/8/2016 17:41

500,000 shares bought at 80p. Expect a breakout.

[glasshalfull] 11/8/2016 15:19

Jambo 192 - Singers info already in post 55

[fizzypop] 11/8/2016 09:11

I think the TS is rather understated but I would that they under promise and over deliver. No doubt the H1 interims on 27 Sep will be more forthcoming. The two contract wins worth £2.5m give us a ballpark for what PTSG consider significant contracts. Reading the website gives a figure of 88% for repeat business which indicates both the level of customer satisfaction and just how effective their moat is.

[glasshalfull] 11/8/2016 08:11

Concur, further positive news from the company.

Singers note,

"This morning’s trading update confirms that trading continues to be in line with our recently upgraded expectations. The EU Referendum has had no adverse impact on PTSG, and the solid momentum of contract wins in the first half has continued post period end.

Significantly, in the last two weeks, PT SG’s Access Installation division has secured two contract wins with a combined order book value of £2.5m, strengthening the order book into 2017 and ‘18. The integration of the two UK Dry Riser businesses is also progressing to plan.

Today’s update reaffirms our view that there is scope for outperformance through organic contract momentum and as future acquisitions are identified and secured.

---

I recently posted forecasts if one cares to trawl back through a few posts.

Regards
GHF

[mfhmfh] 11/8/2016 07:32

great update today

[cheshire man] 10/8/2016 12:14

MIssed that recent contract win GHF, thanks for posting :-)

[mfhmfh] 10/8/2016 11:53

sp hasn't been in the 80s for a while - nice to see.

[fizzypop] 10/8/2016 11:12

SP starting to pick up.

[glasshalfull] 09/8/2016 11:48

APAD - From recollection they acquired 6x companies in H2 2015 & working capital ramped up significantly. Trade receivables markedly higher.

PTSG announced yet another contract win an hour ago.



Premier Technical Services Group PLC (PTSG) has secured a major contract to provide electrical services at Edinburgh College.

Edinburgh College is one of Scotland’s biggest academic institutions with around 20,000 students across four campuses in Edinburgh and the Lothians: Granton, Midlothian, Milton Road and Sighthill. Through a contract secured with a major international facilities provider, PTSG will supply testing of electrical equipment and lightning protection systems at eight sites over the college’s main campuses. This testing contract will follow a large series of repair works for Edinburgh College.

---

Regards
GHF

[fizzypop] 09/8/2016 09:29

Doubled my holding at 78.49p.

[apad] 09/8/2016 07:58

Been trying to find the reason behind the 2015 slump in cash flow per share and failed.
Lumpiness?
apad

[rogers8] 09/8/2016 05:58

Yesterday over 100k shares were buys. Along side Glasshalfull's assessment (very helpful thank you) the market is waking up to this opportunity.

[glasshalfull] 08/8/2016 22:42

I've provided several recent updates concerning upgrades to forecasts, and also alluded to the numerous contract wins/renewals for PTSG in the current financial year. So undertook a further trawl through PTSGs newsfeed yesterday and in addition to the 17 contract wins and 3 renewals since mid March 2016 (see post 23) it looks like they've successfully added an additional 10x contact wins/renewals since 20th June...not to mention announcements on work they've conducted in Gibraltar, Barbados, Iraq, etc.

They actually announced a further 2-month extension to an existing contract earlier today. Fantastic momentum in anyone's book.

I'd expect the company to release a trading update in the next few days, in similar fashion to last years pre-interims t/s.

Kind regards,
GHF

[fizzypop] 06/8/2016 08:51

For the newbies to this AIM share (which includes me) the 2016 divi was:
Interim 0.46p paid in Oct (maiden divi), Final 0.54p paid in July making a total of 1.00p for a yield of 1.28% at the current share price of 78p.
Not much of course but this will be a growth stock and no doubt the divi will increase.

[fizzypop] 05/8/2016 17:09

From website:

27 September 2016 – Announce interim results for the six months ended 30 June 2016

[cheshire man] 05/8/2016 11:06

Last year interims were on the 29th Sept. so same again for this year maybe ??