Premier Technical Services Share Discussion Threads

[aishah] 29/3/2017 10:56

That's a 40%+ uplift since TMI brought it to my attention back in Oct. More to come here imo.

[rivaldo] 29/3/2017 10:39

Cheers Mas, good to see this under-the-radar stock finally getting a little bit of well-deserved attention.

With so few shares available, any sort of press mention is always likely to cause a decent rise.

[cheshire man] 29/3/2017 10:38

Still on the up today I see :-)

[masurenguy] 29/3/2017 08:01

Premier could get on more peoples radar after a mention in todays Tempus Column in The Times

"Premier Technical Services Group is a one-off with no comparable businesses and another of those companies that has come to market with little fanfare. It provides, among other things, safety equipment and ropes that allow people to work on the sides of high buildings. The shares were floated on the Alternative Investment Market 2 years ago at 52p and have since doubled. Part of the reason for floating was to make acquisitions in what is still a fragmented market, with 2 in 2016 and 6 the year before."

[fizzypop] 28/3/2017 10:13

More news:

Premier Technical Services Group PLC (PTSG) will be carrying out an extensive clean to the facade of Tunbridge Wells Hospital, which has been badly affected by varying weather conditions over the last five years.

hxxp://www.ptsg.co.uk/news/high-level-cleaning/ptsg-makes-appointment-at-tunbridge-wells-hospital/

[fizzypop] 28/3/2017 08:39

rivaldo - Thanks for the correction

[rivaldo] 28/3/2017 08:32

7.63p adjusted EPS was way ahead of 6.82p expectations!

Fizzypop, you're comparing the wrong year - 7.68p EPS was the forecast for THIS year (2017), though this may now have to be increased.

Good outlook too:

"2017 has started well with continuing sales growth and new record levels of orders in hand and we remain both confident of our prospects and enthusiastic about the future."

EPS was helped by a lower tax charge, and there are also big adjusting items being the first year post-IPO.

Overall these are very good results - and I'd assume there will be further acquisitions at some point.

[fizzypop] 28/3/2017 08:19

7.63p EPS achieved vs forecast of 7.68p (consensus) up 57% and on target.
"Our contract renewal rate remains in excess of 80 per cent" but actual not stated, was 88% last time.

[rivaldo] 27/3/2017 13:55

PTSG have already said they traded in line with previously upgraded expectations of 6.82p EPS for last year.

This year's forecast is currently 7.68p EPS (consensus), so a P/E of 13.5 is pretty good value, especially given 40% EPS growth in 2016 over 2015's 4.87p EPS.

[fizzypop] 27/3/2017 12:19

Final results tomorrow Tues 28 March when all will be revealed.

[mw8156] 22/3/2017 15:32

Thanks for that insight, fizzy, would buy more for IHT reliefs if the divi rises since they tend to deal with blue chips and gov depts so have a great client list, the only time I saw one of their vans was round the corner outside UCL in Gordon St!

[fizzypop] 22/3/2017 15:05

mw8156

I think 2015 was the maiden divi so I would not call a 52% increase meagre but yes meagre yield to start off with but, hopefully, not for long.

PTSG is acquisitive having acquired, from memory, some eight or nine companies in the last two years and with about 6% of the market there is plenty of room for expansion with further acquisitions. Their contract growth rate is exceptional and across a wide spectrum of the market.

But until we see the Finals next week we will not know how they have performed in practice.

[mw8156] 22/3/2017 14:28

plenty of competition around though, fizzypop and divis rather meagre?

[fizzypop] 22/3/2017 12:04

Expect this to forge ahead for the finals on Tues 28 March.
Last forecast I recall is 125p by Numis circa Sep 2016.
I have lost count of the new contracts since late 2016 but it must be roughly a dozen per month and remember the majority, say 90%, will morph into maintenance contracts with all the benefits of recurring revenue. The moat grows ever wider and deeper with management notable present on trade bodies defining industry-wide standards with their technical expertise. I have the distinct impression that PTSG has reached that sweet spot where they are first choice for new customers.
140-150p must be on the horizon.
The interim divi was increased by 52%, should we get a comparable rise for the final divi then that would result in 0.8p (was 0.54p).

[rivaldo] 22/3/2017 08:48

Nice start too....

[cheshire man] 21/3/2017 16:15

Thanks fp for the update,,,,,nice finish here for us by the looks of it :-)

[fizzypop] 21/3/2017 15:30

+4.5% this afternoon but stock tight as little volume.

[lancasterbomber] 21/3/2017 11:54

Couldn't buy even £1500 this morning

[fizzypop] 21/3/2017 11:44

And another

Premier Technical Services Group PLC (PTSG) has been awarded a contract to upgrade access equipment at White City Place, a new business district in development at the former home of the BBC Media Village.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-upgrades-safety-systems-at-former-home-of-the-bbc/

[fizzypop] 17/3/2017 13:45

And another contract

Premier Technical Services Group PLC (PTSG) has been commissioned to perform access and safety works at a new development on Marylebone Lane in London’s iconic West End.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-develops-bespoke-access-solution-for-the-mansion/

[fizzypop] 15/3/2017 13:04

Another contract

Premier Technical Services Group PLC (PTSG) has secured a contract for the access and maintenance for the Aga Khan R1 building, a significant development in London’s King’s Cross.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-working-on-campus-at-the-aga-khan-development/

[petersinthemarket] 14/3/2017 17:21

Finals 28 March 2017

[cheshire man] 14/3/2017 16:29

Results last year on the 15th,,,,,,,,same again tomorrow ? they'll have a fair bit to put into them I think :-)

[fizzypop] 14/3/2017 16:24

And another.

Premier Technical Services Group PLC’s (PTSG) Access and Safety division has secured a contract to supply safe roof access at a new residential project at Brentford Lock West.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-aims-high-at-brentford-lock-west/

[cheshire man] 14/3/2017 16:24

Well done fp for keeping us up to date :-)