Premier Technical Services Share Discussion Threads

[mfhmfh] 16/1/2018 13:59

generally positive write-up from Paul Scott on Stockopedia.

[rogers8] 16/1/2018 13:34

EPS December 2016 2.16p Share price when announced in March circa £1.00. Projected 2017 EPS 10.8p (Glaws2 post). Current share price £1.90. Could this price double when the results are published in March which would be inline with the EPS/Share price?

[jaf111] 16/1/2018 11:27

indeed Rivaldo.....they should and in these ever changing times I think they could!

[rivaldo] 16/1/2018 11:24

Numis have increased their target price to 220p (from 205p) and say Buy:



JAF111, companies almost never state specifically what the market expectations are in RNS's as these are not "their" expectations but those of outside analysts. Perhaps they should, but this will probably never change.

[jaf111] 16/1/2018 09:08

Thanks Glaws....although for clarity (minor point I suppose)why couldn't the company include this in the RNS?

[rivaldo] 16/1/2018 08:57

The emphasis on acquisitions is also interesting, and suggests more will be on the way soon:

"We have a healthy pipeline of potential acquisitions to complement our unique business model, and will continue to appraise opportunities as they arise."

[threeputt] 16/1/2018 08:53

I've complained to the BBC about their Business Live update which states the amount incorrectly
"Separately, Premier Technical Services Group (PTSG) said it undertook about £800m of work with Carillion a year."

[glaws2] 16/1/2018 08:32

Rev £63m; PBT £12.7m and EPS 10.8p

[jaf111] 16/1/2018 08:26

.....and the current market forecasts for this year being?????

[masurenguy] 16/1/2018 08:00

Great update !

RNS Number : 9299B
16 January 2018

Trading update

Premier Technical Services Group PLC , the niche specialist services provider, is pleased to announce that its results for the year ended 31 December 2017 are anticipated to be in line with the Board's expectations. In addition, the Board expects that the results for the year ended 31 December 2018 will be materially ahead of current market forecasts. This reflects the strength of the Group's order book and successful integration, and ongoing progress at its recently acquired businesses.

The Board is also pleased to confirm that the integration of the 'Best' Lightning Protection business acquired on 4 July 2017 has progressed very well and is nearly complete. Furthermore, the UK Sprinklers business we acquired in September 2017 has been fully integrated into the Group and is trading 50% ahead of the acquired business with a very strong order book and pipeline.

PTSG notes the recent statement from Carillion PLC which was placed into liquidation yesterday. The annual value of work which the Group undertakes on behalf of Carillion is c.£0.8m and it is expected that this work will be taken on by existing PTSG clients; therefore the ongoing effect on the Group is expected to be minimal. Given PTSG's highly diversified customer base, the Board expects that there will be no material impact on 2018 trading. The Group has outstanding net debt of £0.3m due from Carillion and this has been fully accounted for in the Group's 2017 Balance Sheet.

The Group's final results for the year ended 31 December 2017 will be announced on 20 March 2018.

John Foley, Chairman of PTSG, comments:"Our strong performance reflects the success of our strategy to seek market dominance through organic growth and carefully selected acquisitions. We have a healthy pipeline of potential acquisitions to complement our unique business model, and will continue to appraise opportunities as they arise."

[rivaldo] 16/1/2018 08:00

PTSG will be "materially ahead of current market forecasts" this year.

The CLLN debt is teeny-tiny :o))

[albanyvillas] 16/1/2018 07:32

The Group has outstanding net debt of GBP0.3m due from Carillion



Ouch

[rivaldo] 16/1/2018 07:30

Excellent - 2017 results nicely in line, and then.....

"In addition, the Board expects that the results for the year ended 31 December 2018 will be materially ahead of current market forecasts"

In particular, Sprinklers are racing ahead "with a very strong order book and pipeline".

Carillion is almost a non-issue with only a minor receivable due and all work set to be picked up by others.

The "materially ahead" statement should concentrate minds nicely :o))

[fizzypop] 16/1/2018 07:29

From today's TS:

PTSG notes the recent statement from Carillion PLC which was placed into liquidation yesterday. The annual value of work which the Group undertakes on behalf of Carillion is c.GBP0.8m and it is expected that this work will be taken on by existing PTSG clients; therefore the ongoing effect on the Group is expected to be minimal. Given PTSG's highly diversified customer base, the Board expects that there will be no material impact on 2018 trading. The Group has outstanding net debt of GBP0.3m due from Carillion and this has been fully accounted for in the Group's 2017 Balance Sheet.

[twirl] 15/1/2018 09:45

Oops should be IG 50k/0.5k

[twirl] 15/1/2018 09:37

IG 175/182 50k/2.5k

[tjbird] 15/1/2018 09:17

Time to short this dirty animal

hxxp://www.ptsg.co.uk/news/ptsg-secure-new-carillion-contract-on-large-portfolio/

[tjbird] 15/1/2018 09:14

Wonder how much is Owed by Carrillion? ;)

[twirl] 12/1/2018 16:12

IG 175/181.9 50k/15k

[simso] 10/1/2018 16:38

Last Year on 9th Jan we had a Trading Update which said:
"PTSG, the niche specialist services provider, is pleased to announce that its results for the year ended 31 December 2016 are anticipated to be in line with the board's expectations".
The Share price was around 85p then, so has doubled in the past year.
I presume an equivalent Update this year must now be imminent, and half expected to see it yesterday or today. I sense the Market is already factoring in an "Ahead of Expectations" given the strong increase in the rating over the past year.

[twirl] 10/1/2018 16:08

Thanks rivaldo.Much scope for organic growth.

Looking good here with IG at 175/185 50k/2.5k

[twirl] 09/1/2018 10:30

Ig moved from 175/179 100/10k yesterday to 175/181.65 50k/5k just now.

Grand old Duke of York

[twirl] 08/1/2018 17:51

There has been xs supply since NY - possibly selling caused by investor struggling elsewhere. Or just the dreaded impatience disease that many suffer from.

Can't rule out possibility of a fund raising at discount to make another purchase. Those in financial services taking advantage.

I reckon more likely the former.

[martinthebrave] 08/1/2018 17:13

Partially caused today by the end of day UT 176p. That quite often reverses the following morning. I am quietly confident about these.