Premier Technical Services Share Discussion Threads

[fizzypop] 30/11/2016 13:53

New contract:

Premier Technical Services Group PLC (PTSG) has been awarded a contract to install lightning protection to the future home of Fortune 100 online retailer, Amazon.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-installs-lightning-protection-to-amazons-future-home/

[fizzypop] 30/11/2016 11:12

Moving up but negligible volume and spread widened to 8% will deter buyers.

[mfhmfh] 30/11/2016 10:43

sp approaching the 80s - moving in the right direction but still undervalued IMHO.

[fizzypop] 29/11/2016 14:00

And another contract:

Premier Technical Services Group PLC (PTSG) has been contracted to deliver testing and inspection of lightning protection at an increased number of sites (+17) for specialist building service provider, Statutory Support Services.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-continues-work-with-statutory-support-services/

[cheshire man] 28/11/2016 11:59

Thanks for posting that FP :-)

[fizzypop] 28/11/2016 11:55

Another contract:

Premier Technical Services Group PLC (PTSG) has won a contract to test and inspect the lightning protection systems at 19 buildings for two of Britannia Village’s residents management companies (RMCs).

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-holds-the-quay-to-success-at-britannia-village/

[rivaldo] 25/11/2016 15:17

...and better again today.

EDIT : not for long :o((

[masurenguy] 23/11/2016 16:18

Cheers AISHAH - future here looking better by the day !

[apad] 23/11/2016 15:14

Seconded.
Warrants issued as part of flotation created some liquidity this week. Unfortunately no funds.
apad

[rivaldo] 23/11/2016 14:59

Cheers AISHAH, that's extremely useful. Great to hear that further acquisitions are on the cards without dilution.

Amazing that EPS forecasts for this year have been increased by 50% to the current 6.8p EPS, with such high recurring income, and yet PTSG sits on such a miserly rating.

[aishah] 23/11/2016 11:34

Some snippets from the TMI rec from last month:

Premier Technical Services - Provider of specialist safety services enjoys 50% eps upgrades

73p Epic code: PTSG

(Momentum Investor) The support services sector has been under the cosh due to problems particularly at Mitie, which is focused on low skilled services like mainstream cleaning and security where competition is fierce and operating margins are only c. 5%. MITIE has also taken a multi million pound hit from the national minimum wage and cited a slow-down in local Government business. In such an environment, however, even the good businesses get dragged down and shares in PTSG, which provides specialist services for commercial buildings such as fall-restraint systems for working at height, electrical testing, fire prevention and high level cleaning, have come sharply off a recent high of 97p.
One vexed question we asked CEO Paul Teasdale when we spoke to him over the month was whether PTSG has suffered from the same problems but he says categorically not. It’s quite different because it provides specialist niche services, which the big players like MITIE simply don’t want to do and last year it enjoyed operating margins of 20.5% while it has virtually no local council exposure. He also highlighted his firm’s break-neck growth with eps forecasts for the year ending 31 December 2016 upgraded from 4.6p at the time of the float in February ‘15 to 6.8p now, with 7.6p expected in FY ’17.

Access and Safety div op margins of 16.7% in FY-15. PTSG is the market leader and only national designer and installer of fall arrest or fall restraint systems for working at height.

Demand for services driven by legislation with high renewal rates at 88%

Electrical services - From a standing start in FY’10 profits have increased rapidly to £2.5m last year, with operating margins a fine 24% and Numis expects profits to double again to £5.2m by FY’17.

They finish off with:
The stage looks set for a banner couple of years for PTSG, which is now eyeing up significantly larger acquisitions in view of its greater size thanks to its strong balance sheet; it has £4.5m of un-used bank borrowings while there are c. £6m of expected earn-outs over the next three years, which will be financed by internal cash flows. Teasdale is also excited about the potential for cross-selling with less than 5% of clients taking more than one service.
The MITIE shock-wave has created a terrific buying opportunity and with the shares trading on a soon-to-be prospective PE of only 9.6, they should be standing significantly higher in a year’s time.
The low PE suggests investors don’t believe its outlook is robust but Teasdale rubbishes this by noting that at the start of every year over 50% of expected revenues is already booked thanks to its spine of repeat business from testing, inspection and maintenance.
Numis has just introduced a 125p price target suggesting upside of 71%. Buy.

I'm happy to accumulate as and when funds allow. dyor

[fizzypop] 15/11/2016 18:27

Premier Technical Services Group PLC (PTSG) has been awarded a contract to carry out a range of testing works at the No.1 Palace Street redevelopment project in St. James’s Park.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-moves-in-next-door-to-her-majesty-the-queen/

[fizzypop] 08/11/2016 13:11

Premier Technical Services Group PLC (PTSG) has secured a contract to test and inspect the lightning protection systems at 80 sites for the one of the UK’s largest retailers, Debenhams.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-lands-lightning-protection-contract-with-debenhams/

[masurenguy] 31/10/2016 14:29

Major Shareholders as at 31.10.2016

John Robert Foley. 26.8%
Paul William Teasdale. 26.8%
Hawk Investment Holdings Limited. 22.4%
First Pacific Advisors. 5.8%
Slater Investments. 3.8%

The 5 investors above collectively hold 85.6% of the shares

[rivaldo] 31/10/2016 11:48

Great news flow fizzypop, cheers.

And a new RNS - First Pacific Advisors buying heavily, up to 5.1m shares and 5.8% from 3.3m shares previously:

[fizzypop] 31/10/2016 10:37

One of PTSG’s newest acquisitions, UK Dry Risers Maintenance Ltd, has recently secured three new contracts to help ensure fire safety for a number of London borough councils.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-secures-fire-services-contract-with-four-london-boroughs/

[fizzypop] 26/10/2016 19:56

Ditto:
hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-to-deliver-electrical-services-for-west-midlands-fire-and-rescue/

[fizzypop] 21/10/2016 18:58

And another:

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-secures-mouth-watering-contract-with-thorntons/

[fizzypop] 20/10/2016 15:18

Another new contract.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsgs-bright-sparks-to-work-on-state-of-the-art-rb-facility/

[dixies] 17/10/2016 09:07

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.

[battlebus2] 17/10/2016 09:01

Thanks GHF, good to see the overhang clear.

[rivaldo] 17/10/2016 08:51

Cheers Aishah, good to hear. If you could copy one or two highlights at some point that would be appreciated!

[aishah] 17/10/2016 08:13

Yes, A BUY in The Momentum Investor. Good write-up. I've added at the open.

[cheshire man] 17/10/2016 08:11

A flurry of buy's this morning, have we been mentioned somewhere I wonder ?

[glasshalfull] 12/10/2016 17:31

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 ;-)

Kind regards
GHF