Premier Technical Services Share Discussion Threads

[rivaldo] 25/9/2018 23:08

Note that the £32m at the year end includes only a net £20.2m of trade debtors - the rest are accrued income and prepayments.

But you'd have to access the full Annual Report to find that out.

When the full Interim Report is issued, then the H1 debtor breakdown will presumably be published such that valid comparisons can be made rather than making assumptions using the wrong summary figures.

[twirl] 25/9/2018 20:02

Debtors at £32m exceed turnover and virtually no improvement since Y/E although turnover has increased during the period.

Despite the statement that "Improvement in trading cash conversion to 81% (H1 2017: 64%)"

This concerns me.

[rivaldo] 25/9/2018 15:20

Cheers mfhmfh - here's a link:

[mfhmfh] 25/9/2018 10:36

Numis today reiterates buy rating and increases target price to 250p (from 220p).

[redartbmud] 25/9/2018 08:52

Precisely.
"particularly when they recur year after year?"

[mw8156] 25/9/2018 08:48

adjustments for restructuring and share options are a bit of a nonsense, these are normal business expenses, are they not? particularly when they recur year after year?

[thefartingcommie] 25/9/2018 08:35

* before adjusting items of £4.2m (2017: £2.4m) resulting in a statutory operating profit of £1.7m (2017: £2.0m) and eps of 1.06p (2017: 1.15p)

roll on the day when we dont see statements such as this

[masurenguy] 25/9/2018 08:23

LOL Riv - glad that I topped up at just under 168p a couple of weeks ago. Market response has been muted this morning but the interim expectations were clearly flagged in the August trading update.

Very pleased to see those results confirmed. Having first invested at circa 75p almost exactly 2 years ago I'm averaged in at just under 100p with subsequent top ups. This is now my 7th largest holding.

[redartbmud] 25/9/2018 08:18

Thrown in the towel.
Just sold out.

[cockerhoop] 25/9/2018 08:16

EM,

The finals contained a similar level (approx 80%) of adjustments which included Restructuring Costs, Chunky Share Option Charge, Amort of Intangibles & Contingent payments for Aqc.

[rivaldo] 25/9/2018 08:07

As with XLM yesterday, EM has failed to get past the opening narrative and on to the Notes, where the adjustments are fully laid out. I won't bother holding his hand any more :o))

[redartbmud] 25/9/2018 08:04

EM

You have hit the nail on the head.

[eezymunny] 25/9/2018 07:53

5.2m adjusted op profit but 4.2m "adjustments". I can't see any explanation for those adjustments!!!!! And cash flow still poor vs market cap IMO.

Hmmmm....

[rivaldo] 25/9/2018 07:13

Very good H1 results today, setting PTSG up for an excellent year considering the confident outlook:



"We remain both confident about continuing the positive revenue and profit momentum which is evident in the Group's results for the first six months of 2018 and also enthusiastic about our prospects for the future."

And this was achieved despite a fall in profits at the lumpier Cradle Installation/Maintenance division.

Fire Services is proving absolutely spectacular. Cash conversion has improved nicely. Further acquisitions are on the cards too.

[davidosh] 23/9/2018 01:50

Only if PTSG want it to be. They have been asked but need to give consent.

[rogers8] 23/9/2018 01:20

Davidosh,

Will the event be recorded?

[davidosh] 23/9/2018 01:15

The full line up for my Mello in the City on Tuesday 25th at 11am will be PTSG, Dominos Poland, Nichols, Fulham Shore and Judges Scientific all presenting for 40 minutes with lunch and drinks included. I have six places left so reserve a place via

[redartbmud] 21/9/2018 08:33

BR are very active investors. Interesting.

[masurenguy] 21/9/2018 08:13

Good to see a heavyweight like BR taking a stake here !

[rivaldo] 21/9/2018 07:06

PTSG have a new major shareholder - BlackRock have today turned up with a 5% stake:

[harry the haddock] 17/9/2018 16:01

Lol - eezymummy. it's only a small job. Think they'll be out of there in a week. Was told it's about £7k of work

[eezymunny] 17/9/2018 15:36

Tesco today sold a genuine tin of luxurious world class baked beans. Buy!

[rivaldo] 17/9/2018 14:59

Cheers harry - I know the cemetery there well :o))

[harry the haddock] 17/9/2018 14:21

let's hope they go to the right site Rivaldo.
I'm currently doing work on Orchard Village and it's very definitely not South London!

(it'sactually in Rainham)