Share Name Share Symbol Market Type Share ISIN Share Description
Premier Tec Ser LSE:PTSG London Ordinary Share GB00BV9FPW93 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 188.00p 183.00p 193.00p 188.00p 184.50p 188.00p 19,163 14:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 52.9 1.8 1.4 137.2 196.50

Premier Tec Ser Share Discussion Threads

Showing 851 to 875 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
22/5/2018
10:53
thanks cottoner
twirl
21/5/2018
23:16
Good spot cottoner. That may well explain the plateauing of the share price recently - as early investors it's no surprise they're now out. The AGM trading update will be on 18th June, so not long to go (and on a Monday, which is encouraging). Hopefully we'll see a run-up in the share price prior to that. It's been 8 months since the last acquisition. I suspect we'll see another one soon - and PTSG should be able to finance all but the largest acquisitions from their own resources.
rivaldo
21/5/2018
21:37
Interesting. SENECA EXITS CASTLEFORD FIRM 21 May 2018 Yorkshire Seneca partners has achieved a strong exit from a Castleford-based multi-disciplinary group it first backed in 2015. Premier Technical Services Group (PTSG) is a provider of façade access and fall arrest equipment services, lightning protection and electrical testing, and specialist building access. It was supported by Seneca during its initial public offering (IPO) more than three years ago, and has since demonstrated strong growth through the implementation of its acquisition strategy and by winning contracts with the likes of HSBC, Scottish Water, the NHS, Marks & Spencer and Manchester Airport. For the year to 31 December 2017, PTSG brought in revenues of £53m with an adjusted EBITDA of £12.3m. It has a market capitalisation of approximately £200m. Investment manager Connor Grimes said: "A 3.6x-return on initial investment is a fantastic result. PTSG is a great example of a regional business with strong leadership that took on growth capital at an early stage to fund its next phase of development – we will continue to target companies like PTSG." Corporate broker N+1 Singer facilitated the transaction for Seneca Partners. hTTps://www.insidermedia.com/insider/yorkshire/seneca-exits-castleford-firm Don't know how much they held but must have been less then 3%. May see a holdings RNS if buyer of their shares goes above 3% or crosses percentage. Perhaps the reason for the recent weakness in SP?
cottoner
21/5/2018
18:58
At least they pay their debts which has been a concern for some with the high level of debtors. Holding back before adding as I expect a placing to buy more businesses.
twirl
20/5/2018
07:33
PTSG seem to have now become the Government's preferred provider, which is rather useful. Here's yet another contract win, this time for lightning protection and fall arrest testing services at the Land Registry's 14 sites around the country: Http://www.ptsg.co.uk/news/electrical-services/ptsg-lends-hand-hm-land-registry/ And a win to provide electrical testing services at Burnley General Hospital: Http://www.ptsg.co.uk/news/electrical-services/ptsg-wins-electrical-services-contract-burnley-general-hospital/
rivaldo
16/5/2018
12:37
Looks like a large countrywide contract win for Centrica: Http://www.ptsg.co.uk/news/access-safety/ptsg-cooking-gas-centrica/ "PTSG cooking with gas for Centrica Premier Technical Services Group PLC (PTSG) has secured a multi-disciplinary contract with the British gas and electricity supplier Centrica. Multi-disciplinary teams from PTSG will be deployed across the UK to carry out lightning protection and fall arrest testing, providing the vital certificates that demonstrate that Centrica sites are safe and compliant for staff and visitors. Centrica is the largest supplier of gas to domestic customers in the UK and one of the country’s largest electricity suppliers. This nationwide contract will see PTSG operatives travelling to 115 Centrica sites to provide these vital specialist services...." Another decent-looking one for Leeds Council: Http://www.ptsg.co.uk/news/electrical-services/ptsgs-class-act-contract-new-leeds-schools/ This one is described as "a significant Access and Safety contract at Mailbox Birmingham": Http://www.ptsg.co.uk/news/access-safety/ptsg-delivers-contract-mailbox-birmingham/ And another at Syon Park: Http://www.ptsg.co.uk/news/building-access-specialists/syon-gantry-safely-removed-ptsg/
rivaldo
15/5/2018
12:23
Amati are large investors in PTSG, and their quarterly newsletter just out yesterday features PTSG nicely: "Premier Technical Services Group (“PTSG”) - PTSG is the UK’s leading provider of a range of building maintenance and safety services. These include tall building access and fall arrest equipment, lightning protection and electrical testing, steeplejack and rope access services, and fire solutions. The group employs more than 600 people across 17 UK sites, and services more than 150,000 buildings for over 17,000 customers. Despite more than twenty acquisitions over the last ten years, PTSG has no more than a 9% market share across its divisional activities, which illustrates both how fragmented its end markets are, and also the potential for further consolidation. By their nature, PTSG’s services are mainly non-discretionary and recurring, often linked to annual insurance reviews or building inspections, and involve skilled engineers so that margins are attractive. Alongside its acquisitions, PTSG is achieving solid organic growth with the potential to enhance this through cross-selling. At present, 90% of clients take only one service line. Following the Grenfell tragedy, there is significant demand for the sprinkler systems and dry risers supplied by the fire solutions division. PTSG is run by a very experienced management team, who previously built and sold a similar services group to Interserve plc for £120 million in 2006. The company is held in the TB Amati Smaller Companies Fund, the Amati AIM VCT and the Amati AIM IHT Service."
rivaldo
11/5/2018
18:59
rivaldo, The Company Secretary's bed a ISA looks strange and I can only assume it's been done through different brokers. Normally you pay around £50 plus 2 dealing fees for the transaction, if done through same broker. Thanks for your PTSG presentation notes on 3rd May, much appreciated.
eagle eye
11/5/2018
18:31
hth - :-) Don't you mean , you may have a PUNt in PTSG?
cottoner
11/5/2018
15:58
i MACEY if i have enough funds to invest more in PTSG. i'll JESS go and check...........
harry the haddock
11/5/2018
11:17
Nice contract win, cheers cottoner (better than the pun! Daley...groan....). Interesting RNS just now too, with the Company Secretary sheltering some shares from tax in his ISA. Now why would he do that I wonder.... Https://www.investegate.co.uk/premier-technical--ptsg-/rns/director-pdmr-shareholding/201805111041178099N/
rivaldo
11/5/2018
09:52
PTSG announce contracts almost on a DALEY basis. Today's is : PTSG WINS GOLD CONTRACT WITH DECATHLON Premier Technical Services Group PLC’s (PTSG) Electrical Services division has received an order to carry out a number of specialist services at Decathlon superstores across the UK. Skilled engineers will be deployed to Decathlon’s 26 UK stores to carry out fixed wire testing (FWT), portable appliance testing (PAT) and lightning protection services to ensure that its employees and customers, as well as the stores themselves, are protected from electrical faults and lightning strikes. This will be no mean feat, as the average size of Decathlon superstores is around 4,000m². Decathlon, founded in France, is the largest sporting goods retailer in the world. The company currently has over 1,100 stores across 38 countries, with its first UK store opening in 1999. PTSG has a large portfolio of retail clients, including recent contract wins with Tesco, Morrisons and DFS. In 2016, the Group received the Partners in Retail award at PFM’s partnership awards for its outstanding work to provide fall arrest services at M&S stores across the UK. hTTp://www.ptsg.co.uk/news/electrical-services/ptsg-wins-gold-contract-decathlon/
cottoner
08/5/2018
16:07
Cracking the whip now
nobilis
08/5/2018
15:25
240p next level
nobilis
08/5/2018
10:51
Last chance under 200p this week?
nobilis
08/5/2018
10:44
Two more contract announcements: Http://www.ptsg.co.uk/news/electrical-services/ptsg-keeps-london-hospitals-operating-pat-services/ "PTSG keeps London hospitals operating with PAT services Premier Technical Services Group PLC (PTSG) has completed essential Portable Appliance Testing (PAT) at several London hospitals. Work was carried out on behalf of CBRE at St Mary’s Hospital, Charring Cross Hospital and Hammersmith Hospital, which are all part of the Imperial College Healthcare NHS Trust, and Royal Berkshire Hospital and Chelsea & Westminster Hospital. The sites required rigorous assessment followed by detailed planning in order to manage the logistical challenges when working on NHS sites and provide consistency, continuity and quality of testing. A Contract Manager was appointed for the duration of the contract and the same PAT team was also maintained throughout the contract, with a lead engineer on site providing a point of liaison for the client. Work at these hospitals will continue and a review of this contract will allow continued improvement of our work at these sites. etc" And: Http://www.ptsg.co.uk/news/delivering-safely-manchester-airport/ "Delivering safely at Manchester Airport Premier Technical Services Group PLC (PTSG) has been awarded a new contract to deliver works for one of the UK’s biggest and busiest airports. The Group will carry out investigative works on a cradle used for maintenance works on the skylink walkways between the terminals and rail station at Manchester Airport. The work will be undertaken on behalf of the airport’s FM provider, Mitie. PTSG is carrying out a range of specialist testing services for Manchester Airport. etc"
rivaldo
03/5/2018
13:41
Funnily enough, most presentations major on the upside rather than the downside :o)) Counters to the points raised by Glaws2 AFAICS are: - high numbers of customer and majority low value work is good - no major exposure to any one contract or customer and dissipation of risk, as noted re Carillion and Interserve - a higher P/E is deserved as (1) high recurring revenue, (2) big cross-selling potential, (3) huge growth in fire and related services etc - margins will improve as the group steadily moves up the scale in temrs of work undertaken (i.e fire services) and existing workforce is more and more well utilised - high receivables, but no bad debts due to blue chip customer list - lots of adjustments due primarily to amortisation/share options - agreed, you either live with this or not. I'm happy to live with it.
rivaldo
03/5/2018
11:57
The downsides as I saw them when I went to a presentation last Dec were : Majority of work is low value - £40m revenue – 17,000 customers; 90,000 invoices raised per year; High PE for a contracting business; Intrinsically lowish operating margins; Receivables high; Lots of adjustments (reductions) to profit figures.
glaws2
03/5/2018
11:34
Thank you for the info Rivaldo. Threeputt makes a good point though. I am invested here and I would appreciate any details you could provide regarding downside; either specifically mentioned at the presentation, or deduced by yourself. Many thanks.
starpukka
03/5/2018
11:19
Appreciated Rivaldo for balance I would have liked to have heard some downside, for perspective
threeputt
03/5/2018
10:11
Riv - much appreciated.
fizzypop
03/5/2018
09:20
Ta muchly, riv. apad😎
apad
03/5/2018
09:14
A couple of months ago I went to a PTSG presentation, and promised to post my notes, which I then forgot about :o(( Anyway, I came across the notes again, so here's a summary: - current turnover run-rate is £60m (up from 2017's £52.9m). The target is £100m in the next 2-3 years - conditions for compliance services post-Grenfell are the best Teasdale has seen for 30 years. Compliance service jobs are not a choice, they're recession-proof, and they're high-margin work - "unprecedented" demand at present - and it's coming from regulatory drivers (fire, sprinklers etc) - no more than 5% of customers take more than 1 service at present, so there's a huge cross-selling opportunity - each £1 of compliance work wins generates another £1 of additional repair/compliance work - very dominant position in lightning protection. Lighting installation installations can make between £10k-£20k (more than I'd thought - the price for the sprinkler systems acquisition was agreed in Feb'17, but only completed in Sept'17 (which explains why it was so cheap). This business has doubled its order book since acquisition - renewals are 85%-90% of revenues every year - no one client has over £1m exposure, and the small Carillion debt is the only bad dent PTSG have ever had. Interserve's debt is only £200k - PTSG have just won a £1.7m contract from Hackney Council for sprinkler systems in 95 tower blocks - there are several thousand 3 and 5 year contracts, so very high recurring income - PTSG's Clarity software, entirely developed in-house, could well be licensed out (another Facilities Management company with 56,000 employees thought it was terrific) In particular, the CEO stated that PTSG are working on around 12 potential acquisitions, costing from £1m-£35m.
rivaldo
02/5/2018
20:15
shes heading over 200p shortly
opodio
02/5/2018
14:30
Nice - a £535,000 buy at 191p just reported.
rivaldo
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
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P:41 V: D:20180523 05:29:26