Premier Technical Services Share Discussion Threads

[rivaldo] 16/6/2017 16:03

PTSG perform all sorts of services and provide different types of equipment for elevated level work.

Following the Grenfell Tower fire there will be LOTS of demand for building inspections and refurbishment and safety and maintenance work on tower blocks around the UK.

[fizzypop] 16/6/2017 14:47

Re Grenfell Tower work. PTSG instal Dry Risers which elevate water in high risers for fire fighting.

[mfhmfh] 16/6/2017 14:31

AGM trading statement on Monday 19th according to website.

[rivaldo] 16/6/2017 13:50

The Grenfell Tower fire was a tragic incident which from the sound of it could have been avoided with different building procedures (and better fire drill instructions, sprinkler systems etc).

PTSG would presumably be a big beneficiary nationwide from (1) any additional testing/inspection/safety work now being carried out and (2) and future refurbishment/improvement works:

[rivaldo] 08/6/2017 13:46

Wow - another 9 news items posted since your post this morning fizzypop :o))

Highlights imo include:

- renewal of a contract with Harrods:


- installing a mobile access solution for a project at Heathrow Airport


- winning a contract with Imperial College NHS Trust:


- winning a 5 year "significant contract to carry out a range of niche specialist services for the City of London Corporation"


- winning a "contract to provide high level cleaning services at DHL’s Heathrow Hub"

[fizzypop] 08/6/2017 10:20

and Co-op:

Premier Technical Services Group PLC (PTSG) has been commissioned to install mansafe systems at Co-operative Bank’s Balloon Street branch in Manchester.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-to-complete-further-works-for-co-operative-group/

Now providing services to over 600 Co-op buildings incl banks, shops, stores, funeral parlours and distribution centres.

[fizzypop] 06/6/2017 19:01

More work for Morrisons:

Premier Technical Services Group PLC (PTSG) has been awarded a contract to install fall protection systems at a Morrisons supermarket in Newport.

hxxp://www.ptsg.co.uk/news/access-safety/ptsg-has-the-edge-at-morrisons-newport/

[fizzypop] 06/6/2017 09:36

Pre-election market jitters otherwise known as noise.

[fizzypop] 05/6/2017 09:43

More kudos in their industry:

Premier Technical Services Group PLC’s (PTSG) Electrical Services division has been accredited with three British Standards following a comprehensive review of its management systems within its UK Dry Riser businesses.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsgs-dry-riser-divisions-achieve-industry-first-accreditations/

[fizzypop] 01/6/2017 16:58

I didn't time my purchase very well - now 121p but no doubt this will bounce off the resistance at 120p.

[fizzypop] 01/6/2017 08:42

Topped up at 123p.

[fizzypop] 31/5/2017 16:38

Topup time with the 5% fall today on no news.

[aishah] 25/5/2017 21:58

As the saying goes, always leave something for the next man :-)

[swiss paul] 25/5/2017 21:21

I bet CEO is not a happy bunny
23/05/2017 22/05/2017 SELL Teasdale, Roger MD 1,060,192 118.25 p £1,253,677
Current price 130p

Me am a happy bunny!

[rivaldo] 25/5/2017 10:22

More new highs.

And a couple of new total access and electrical testing contracts too:

[rogers8] 24/5/2017 09:51

Buying now at 129p.

[rivaldo] 24/5/2017 08:22

Buying at 124p now and making new all-time highs.

[rivaldo] 16/5/2017 11:38

New contract with the Metropolitan Housing Association - the importance isn't with this single contract, but the likely further work to be won:



"Metropolitan, a member of the G15 London housing association group, plans to build around 3,300 new affordable homes in the next five years, investing £730m.

PTSG has developed strong partnerships with many UK housing associations, providing a range of niche specialist services to enable the safe and efficient operations of affordable housing. In addition to lightning protection services, PTSG provides wet and dry riser and fire hydrant testing, fall arrest testing and planned preventative maintenance for associations such as Great Places Housing, Genesis Housing and Stockport Homes to name a few."

[rogers8] 15/5/2017 09:43

Premier Technical Services Group PLC (PTSG) has secured further works with Metro Bank, following recent lightning protection installations at sites across London.

PTSG will be attending Metro Bank sites in Basingstoke, Ilford and Luton to install new lightning protection systems, in line with current safety and compliance requirements.

PTSG’s Electrical Services division previously completed installations of lightning protection systems at Aylesbury, Hayes and Newbury, and more recently, the group’s experienced engineers worked on sites at Basingstoke, Chelmsford, Wimbledon and Maidstone.

Metro Bank is a retail bank which was launched in 2010 as the first new high street bank in the United Kingdom in over 150 years, and currently has over 40 branches open across the South East.

PTSG has developed a reputation as a leading supplier of niche specialist services to several banking groups in the UK and Ireland. The group’s Electrical Services division currently provides portable appliance (PAT) testing for the Royal Bank of Scotland (RBS), and its Access and Safety division delivers maintenance works to access equipment for the Bank of Ireland, HSBC and RBS.

[fizzypop] 12/5/2017 13:57

Another contract:

Premier Technical Services Group PLC (PTSG) has secured a contract to install dry riser systems at the new Defence and National Rehabilitation Centre (DNRC) in Stanford-on-Soar, near Loughborough.

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-to-install-dry-riser-systems-at-state-of-the-art-military-rehab-centre/

[rivaldo] 12/5/2017 08:24

Excellent - great to see PTSG getting some attention for a change as it's been well under the market radar despite the recent rise.

At 120p it's still only on a P/E of 14, and we can expect more acquisitions at some point this year.

Thx for the write-up lomax99.

[aishah] 12/5/2017 08:09

Thought so. Out of the blocks this am.

[lomax99] 12/5/2017 08:06

IC tip:

PTSG founded just over a decade ago with the aim of building market-leading positions in highly specialised, high-margin niches in the facilities management market. More recently, following PTSG's 2015 float, its strategic aim has become to dominate, and not just lead, in these niches. The group works across a range of areas such as the installation and maintenance of cradles for window cleaning on high buildings, and dry risers - fire suppression systems that allow fire services to pump water into burning buildings. Its strategy has been producing strong results, with the group recently announcing its tenth consecutive year of double-digit organic growth.

The group is divided into three divisions: access and safety (48 per cent of last year's sales and 39 per cent of underlying operating profit) provides window cradle installation and maintenance, along with safety testing and installation; electrical services (45 per cent of sales and 52 per cent of profit) covers lightning protection and a range of fire prevention and protection businesses such as dry risers, fire alarms and extinguishers; high-level cleaning covers window cleaning at height, along with gutters, pressure washing, specialist abseiling and others. There are plans to create a fourth division based on training and consultancy, which is currently carried out within the separate business units. The group is looking to take advantage of its experience of training its own staff as well as those of clients by expanding these activities through acquisitions. However, chief executive Paul Teasdale says launching the division is just one of many opportunities the group was pursuing.

A lot of the work the group does is in industries that are otherwise fragmented, giving plenty of opportunity for acquisitive growth, and 21 businesses have been bought over the past 10 years, including eight in 2015 and 2016. PTSG is market leader in its access and safety division and in lightning protection, and is top three in electrical testing. Despite this, its access and safety and electrical services divisions have an estimated market share of just 7 per cent and 6 per cent, respectively.

The acquisitions have helped turbo-charge profit growth, but cash generation has recently been less impressive, with 2016 cash from operations coming in at just £570,000. There's also a big gap between last year's reported statutory pre-tax profit number of £2.6m and the company's adjusted figure of £7.5m. This is something investors will want to keep an eye on.

However, we feel a number of one-offs could reverse out this year and improve perceptions. In particular, a jump in big-ticket cradle installation sales in the final quarter of last year, along with increased investment in acquired businesses, contributed to a substantial increase in working capital requirements. This included a jump in receivables from £13.1m to £20.3m. Combined with acquisition costs, including deferred payments and capital expenditure, net debt leapt from £7.6m to £13.6m in 2016. That said, net debt represents 1.34 times cash profit, which is well within management's comfort zone of 1.75 times and the borrowing covenant of 2.25 times.

IC VIEW:

PTSG has made impressive strategic progress since listing on the Alternative Investment Market in February 2015, and focusing on high-margin niches is an exciting angle. While we understand investors may question the quality of the group's profits based on last year's weak cash generation and large profit adjustments, we think the shares' rating should improve if these items reverse out of the accounts in 2017, as we think looks possible. Meanwhile, orders remain strong and there's headroom for more acquisitions. Buy.

[rivaldo] 05/5/2017 11:52

And there's more :o)) I particularly like this one - lovely recurring work at 400 NHS sites:



"PTSG renews contract to deliver NHS works

Premier Technical Services Group PLC (PTSG) has renewed a contract to provide lightning protection maintenance services for NHS sites nationwide.

The existing agreement was successfully delivered to an outstanding standard throughout 2016, and PTSG’s Electrical Services division will once again provide operatives to work at over 400 NHS sites.

etc"

And a new contract win to protect police and fire stations across Scotland - for 4 years! There's 356 fire stations, and the police stations must number even more than that: