Premier Technical Services Share Discussion Threads

[martinthebrave] 10/8/2017 12:53

The good news is that it is building a base around 150p. If it can hold this area for the next few weeks we could well get another leg up prior to the end Sept Interims. Quite happy here.

[basem1] 10/8/2017 11:38

Quiet here, given the potential and rise of the last couple of weeks.

[fizzypop] 10/8/2017 10:35

rivaldo gone AWOL - no doubt suffering from RNSitis. May he soon return.

The Firth of Forth’s brand-new crossing, the Queensferry Crossing, is set to be opened by Her Majesty the Queen in September, following years of work from several leading contractors including Premier Technical Services Group PLC (PTSG).

hxxp://www.ptsg.co.uk/news/electrical-services/ptsgs-award-winning-project-to-be-officially-opened-by-the-queen/

[mfhmfh] 08/8/2017 12:06

buy recommendation re-iterated in IC yesterday.

[pnetol] 08/8/2017 11:45

Rivaldo I didn't expect you to be posting quite this quickly, glad I got my purchase in a while ago.

[rivaldo] 08/8/2017 11:37

Pnetol, here we go with more news......looks like a large job for Aug/Sept which will benefit this H2:



"PTSG scales Drax’s 850-foot chimney

Premier Technical Services Group PLC (PTSG) has been contracted to carry out a series of challenging high-level works for Drax power station in North Yorkshire.

Drax is the largest power station in the country, responsible for meeting 7% of the UK’s electricity demand. When it was built, the reinforced concrete chimney was the largest industrial chimney in the world, and is still the tallest in the UK.

The amount of work involved in these contracts will see PTSG’s team of skilled steeplejacks fully occupied on shutdown projects from August to September. One such project requires a 10-man team to take possession of the site’s main boiler house chimney, which stands at 850 feet tall.

Early works have involved consolidating defective caps to the chimney’s flue terminations by erecting specialist scaffolding. This has allowed the team to install specially designed support brackets that can stabilise the defective caps and titanium lining.

The group was also successful in a rigorous and competitive tendering procedure that has resulted in being awarded the contract to carry out external concrete repairs to one of the 400-foot cooling towers on the site.

The specialist steeplejack division will use equipment that has been made bespoke for this contract to carry out reinforced concrete repairs to the external shell to the specification of the site engineers.

PTSG has carried out similar repair work to Drax’s chimneys in the past, and secured these further works thanks to its team’s ability to work to extremely tight timescales without compromising quality or safety."

[pnetol] 08/8/2017 11:05

Just bought a few more and even thought the spread is 143-152 I had to pay the full asking price.

[pnetol] 08/8/2017 10:59

I agree Rivaldo, the clues are often there hidden in the wording used. I thought it was a very positive update and I'm sure it won't be long before you are posting about further business wins for them.

[rivaldo] 07/8/2017 15:49

Cheers mtb. A little profit-taking today - the post-Grenfell surge was never going to benefit H1 numbers, but today's narrative gives the necessary clues looking forward.

[martinthebrave] 07/8/2017 07:38

Agree with your thoughts Rivaldo. Looks like this will be a steadily improving situation as the year progresses.

[rivaldo] 07/8/2017 07:16

Encouraging trading update this morning - trading in line with recently upgraded expectations, and H2 has started strongly.

They've "noticed an increase in compliance awareness", and this is obviously due to the Grenfell tragedy, though it would be crass to say so directly.

I suspect that today's RNS is setting the market up for even better news later in the year given the tone of the statement, which is a nicely prudent strategy:



"PTSG, the niche specialist services provider, is pleased to announce the following trading update ahead of its interim results for the six months ended 30 June 2017, which will be issued on Tuesday, 26 September 2017:

The Group has previously announced that it was performing well in the first half. This performance has continued, PTSG has noticed an increase in compliance awareness among our 17,000 customers and we have experienced continuing sales growth and strong levels of orders in the year to date.

The Group has secured new contract wins across all its disciplines, including a number of multi-discipline framework agreements with new and existing customers and our contract renewal rates remain high, which underpin our organic growth plans.

The integration of BEST, which was acquired early in July 2017 to enhance PTSG's number one market position in the lightning protection market, has started well and is progressing to plan. We have begun to drive additional operational efficiencies and opportunities for cross selling new and existing services to the enlarged customers base. Nimbus Lightning Protection Ltd, which was acquired in January 2017, has been fully integrated into the Electrical Services division and is performing in line with our expectations.

In the first few weeks of the second half, the Group is trading in line with expectations for the full year as recently upgraded for the BEST acquisition. The directors look forward to providing a full update on the Group's progress in the interim results announcement in September."

[rivaldo] 04/8/2017 12:18

RNS - First Pacific have bought almost another 1.6m shares since their last holdings RNS on 10th April, and now hold 17.53m shares, or 16.9%:



Their % has reduced despite their holding increasing due to the placing and the increased shares in issue.

[rivaldo] 03/8/2017 10:05

"Cladding needs replacing on more than a hundred tower blocks
published 3 Aug 2017

Remedial works are needed to replace cladding on more than 100 tower blocks around the UK because it has been confirmed as a fire hazard......

....According to the Department for Communities & Local Government (DCLG), 111 buildings are currently known to have this combination of materials in their wall cladding systems – 90 of which are local authority or housing association owned or managed.

etc"

[simso] 02/8/2017 15:41

And the volumes Rivaldo mentioned earlier have continued through the day, with over 2.2m shares now traded today - against an average volume of only around 125k. Several trades above 100k shares, including one of 750k this afternoon. THis is my largest holding, all based on fundamentals and prospects, but as a non-chartist, even I can see a breakout from the previous range on heavy volume...does this make it a Mark Minervini stock, and the exact point at which he would be buying?

[rivaldo] 02/8/2017 11:03

Good to see the first buys at 150p today - and also some nice chunky trades at 147p of over 1m shares.

[pnetol] 02/8/2017 08:05

Very interesting, just bought another 5,000 at 1.47 and the MM has moved his offer up 1p. That says to me their isn't much stock about ATM

[rogers8] 01/8/2017 20:16

Martin the brave. Check out Impellam's performance from 2011 @ 60p to highs of 8.00 pounds. Restore PLC from a low of 35p to today's 4 pound 70 pence position.

Both companies worked on the edges of Facilities Management. PTSG is following a similar path. Fair value needs to take into consideration the long term potential of a well run company working in a sector that is needed on a daily basis. Sad fact, the recent tower block fire will benefit this well run business.

Vast majority of services delivered by PTSG are needed to be compliant by law. Bar a management meltdown/mad acquisition I cannot pick a hole in the management, product and plan.

[martinthebrave] 01/8/2017 16:47

I hope you guys are going to keep on buying, the share price is +10% today!! Seems impossible to work out Fair Value here. The only thing for certain is that the Cake looks poised to get considerably bigger! Just glad I bought quite a lot of these in July 126p-129p.

[pnetol] 01/8/2017 16:26

Rivaldo, their doesn't appear to be much stock around as I just bought another 5,000 at 1.44 and the MM moved immediately up to 1.45

[pnetol] 01/8/2017 16:09

Ha ha , if only Rivaldo, but I did manage to pick up 10,000 at 1.37 earlier and damn pleased that I asked you the question re your current thoughts as this type of stock fits into what I like to buy. I loved the earning enhancing recent acquisition and likelihood of an imminent trading update. Very much appreciate all the articles that you have posted and have been having a relaxing afternoon reading them with an iced coffee and a couple of cakes, what a great way to spend an afternoon after our very hot 5 miles walk along the coast earlier.

[rivaldo] 01/8/2017 15:58

Nice - looks like a 300,000 share buy at 140p just reported.

Welcome pnetol :o))

[eagle eye] 01/8/2017 14:26

Good breakout in a nice tight market.
MM selling at offer then moving bid up to fill.
All bodes well for further gains IMHO :-))

[pnetol] 01/8/2017 14:24

Rivaldo,I didn't want to leave you for too long. On hols in Spain so had some time to do a bit of research and taken a small position here. Will add if the trading update due soonish says trading above expectations. A good home for some of my Filtronic monies.

[martinthebrave] 01/8/2017 13:57

A few people finally catching on by the look of the share price rise today. Low volumes though.