Premier Technical Services Share Discussion Threads

[masurenguy] 08/1/2019 12:52

LOL - EezyMunny, you are just a total prize prat, exhibiting typical troll behaviour !

You want to chastise me by picking on a small investment (FTC), which I dropped about a grand on, and an existing middle level investment (TAP) - which I still hold and am confident will come good and which you know absolutely nothing about - to suggest that I don't know what I'm doing "Just a few seconds considering the risks you were taking might have saved you! Effing unbelievable you lot". Nobody gets a 100% right but I have found that the key to successful investing is to be prepared to cut your losers and ride your winners.

You ignored these two which happened to be 2 of my 3 biggest investments. I cleared a good 6 figure profit on ETO and just under a 6 figure profit - excluding dividends - on CMS. But then you are such a smart investor and the rest of us clearly don't have a clue !

Masurenguy 19 Oct '18 - 16:06 - 2612 of 2624 0 11 0
I have been gradually liquidating my residual position in ETO over the past 3 weeks and today I sold my final tranche in order to complete my exit. With today's share sales, my overall average exit price over the past 3 weeks was 417p. I have been an investor here for 8 years having bought my first tranche on 30 September 2010. With additional investments, and participation in the rights issue a couple of years ago, my average share cost price was just below 100p so this has been just over a 4 bagger for me over that period.


Masurenguy 31 Oct '18 - 18:35 - 1784 of 17970 3 1
Well just back to discover the news following a 10 days break in Asia after deliberately not taking my laptop with me in order to have a complete break. Interesting development and on balance I'm fairly happy with the outcome. I sold 50% of my shares at an average price of 61p last December and, with 71p due on the remaining 50%, I will average out at 66p per share overall, which gives me just over a 100% capital gain before taking dividends into account over the past 8 years (16.88p). Shame to lose a yield of over 8% on my average investment cost but the capital gain is welcome since the shareprice has been in the doldrums over the past few years with little indication that the market was suddenly likely to accord it fair value going forward.


Incidentally, with PTSG - a share you "wouldn't touch with a bargepole" I am currently circa 60% up in just over 2 years so methinks your bargepole is a rather useless implement, just like you !

[rivaldo] 08/1/2019 12:06

The share price is moving up nicely again, as it has almost every day since the New Year.

Based upon the current forecast of 12.43p EPS for this year, PTSG are on a 2019 P/E of only 12.3.

Assuming that PTSG will soon be on the acquisition path again given the cash pile, one can see that P/E dropping to just 10 or 11.

Hopefully too the upcoming trading update will indicate that PTSG traded at least in line with expectations for last year, especially given the very positive outlook in late September.

[eezymunny] 08/1/2019 11:32

Dear Masurengy

TAP "initially invested here @297p earlier in the year"
FTC "managed at get out @9p first thing taking a 48% bath"

Just a few seconds considering the risks you were taking might have saved you!

Yours trolly

Effing unbelievable you lot...

[masurenguy] 08/1/2019 10:54

Go troll elsewhere!

[eezymunny] 08/1/2019 10:04

I've NEVER said I "don't rate the prospects". Just that I wouldn't touch it with a bargepole. Those are two very different things...

At least my comments have been clear and factual.

The ability of people to accept and consider some negative comments about their holdings remains, as ever, pretty much zero IMO. Just childish defensiveness. The wish to post largely irrelevant rampy stuff remains, as ever, off the scale. Which is why the average Joe is so utterly useless at this game IMO...

[masurenguy] 08/1/2019 09:51

The only "weird behaviour" on this thread comes from you. Since you evidently don't rate the prospects and are not invested in PTSG, what is the point of your continuous sarcasm and negative commentary here. Don't you have anything positive to focus your attention on elsewhere!

[eezymunny] 08/1/2019 09:39

"No current debt" you say Masurenguy. Maybe not with rump of placing proceeds and IF they've generated some free cash flow in H2.

But there was c. £15.8m of non current debt as at last balance sheet.

Pointing out stuff like "no current debt" strikes me as painting a rather blurry picture. Why not just quote a net debt figure? Weird behaviour if you ask me. I remember TRAK muddying the water in similar fashion before the share price crashed from 300p to 20p!

[masurenguy] 08/1/2019 09:02

Good progress still being made here and with a positive cashflow, no current debt and circa £8m in the bank following the placing, the shareprice should start to head north again during the next few months. PTSG is primarily involved in maintenance, cleaning, fire protection and safety on existing high rise buildings so if there is any decline in new construction it is unlikely to really impact their business.

[eezymunny] 08/1/2019 08:53

From SHI today "As previously reported, the UK construction environment became increasingly challenging in the second half of 2018"

So I suppose investors here should be alert to the possibility that the amount of work for the likes of PTSG will start to fall.

[jaf111] 03/1/2019 14:08

Thanks Rivaldo

Understand point re acquisition timing....just that the company indicated expected year end completion but as far as i can see there has been no further info on this....

Fingers crossed for a positive update shortly.....

[rivaldo] 03/1/2019 12:34

Indeed - last year's update was on 16th January, so not long to go.

Acquisitions are often tricky to time - when I saw them present I seem to remember PTSG saying that the previous Fire division acquisition took 6-9 months to complete.

Better to be safe than sorry in that regard. PTSG's track record is excellent, so if acquisitions take a little longer then expected then fair enough (mind you, they shouldn't really have put a time frame on the potential acquisition as that's inviting trouble!).

[jaf111] 03/1/2019 07:20

Whatever happened to the further expansion of their Fire Solutions business??? Look back to their 15 Oct RNS the company said

“.....Fund the upcoming acquisition of a Fire Solutions company - expected to complete by year end....”

Hopefully we will get news shortly along with their pre-close trading update.

[eezymunny] 24/12/2018 15:53

Err what do you think I've misinterpreted? Is this a very big or very small percentage of f/c revenue? In my book it's small, and describing it as meaty might confuse people. Perish the thought that that was the whole idea...

[rivaldo] 24/12/2018 15:10

As always EM has completely missed the overall point. He similarly misinterpreted on VLE and XLM. Never mind eh - it's his loss....

Merry Xmas to everyone else here - have a great day. The trading update in January should be rather good given the outlook from the interims:

"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."

[eezymunny] 24/12/2018 09:52

50 grand a year for a company with f/c turnover of 70m can only be described as "meaty" by someone who has been on the Xmas sauce IMO! Jingle Bells!

[rivaldo] 23/12/2018 11:20

The point is that this is a contract for the next 40 years. So this is guaranteed revenue - at whatever level, be it £100,000, £50,000 or whatever per annum - for a very, very long period of time.

Which is highly valued in whatever investment case you wish to make. Replicate this example of PTSG's reputation and skillset over many, many customers and you get the bigger picture.

[eezymunny] 21/12/2018 22:20

"meaty and promising".

Err it's 500k pa. That's c. 0.7% of forecast revenue this year.

Oh, and it's a contract for Engie not PTSG, so PTSG I guess just get a percentage of that revenue.

Not what I call meaty!

[rivaldo] 21/12/2018 12:38

There's been another page - - 9 or 10 of them - of individual building contract wins etc since I last posted, but PTSG have just announced this which looks rather meaty and promising:



"PTSG’s regular partner, Engie, lands 40-year contract with Newcastle Council

Energy firm Engie has entered into a long-term contract with Newcastle Council worth £20m over the next 40 years.

ENGIE is a French multinational electric utility company, headquartered in La Défense, Courbevoie, which operates in the fields of electricity generation and distribution, natural gas, nuclear and renewable energy. This new contract will see Engie providing design, build, operation and maintenance of district energy schemes as well as contributions to funding and a project development role in partnership with NCC.

Engie is an established, first-tier partner of Premier Technical Services Group PLC (PTSG). Engie has contracted the Group’s engineers to provide a range of expert services over a number of years, including access maintenance work at Liverpool Central Library and fixed wire and emergency light testing at hospitals and a police station in Wales.

Partnership working has featured strongly in PTSG’s portfolio of 17,000 buildings over the last 11 years. Other first-tier partners include Skanska, Mitie and Multiplex. The Group has also partnered a large number of organisations which are household names in the UK, including Marks & Spencer, British Airways and HSBC.

PTSG received the Partners in Corporate: Private Sector award at the 2018 PFM Partnership Awards. This was for the design and installation two of the world’s largest BMUs at The Scalpel in the capital, through the Group’s London-based cradles specialist, Integral Cradles."

[rivaldo] 04/12/2018 10:20

Enough time has passed to post SCSW's comment on PTSG from its most recent November issue for the record - and this was when the share price was 150p:

"(Sharewatch) PTSG has announced a placing of 12.7m new shares at 157.5p to fund acquisitions.

It has already agreed terms to buy Guardian Electrical Compliance for an initial £11m on a cash and debt free basis. There is also a deferred consideration of up to £4m if Guardian grows by 20% in each of the next three years.

Guardian is an electrical testing and compliance company and enhances PTSG’s presence in the electrical safety services market. The business has three offices in Sheffield, Milton Keynes and Gloucester and has c.150 engineers and staff. The majority (90%) of its revenue is from fixed wire testing. It has been growing strongly with sales and operating profit having grown at a compound 22% and 36%, respectively over the past five years from 2012-2017. In 2017 its revenues were £8.3m and operating profit was £1.8m, so Guardian looks a nicely accretive deal as it’s being bought on 6.1x.

PTSG says Guardian’s 21.7% operating margin and 90% renewal rates are helped by its proprietary software platform, “TraQ-It,̶1; which allows customers to monitor and manage their logs of electrical tests and records of certification. Guardian presently carries out no repair work, compared to PTSG's target of earning £1 of repair work for every £1 of testing work, therefore this represents a significant opportunity for growth.

Numis has upgraded eps to 11.9p this year and 12.4p next. But with £4m of the placing proceeds earmarked for a fire solutions acquisition shortly - where it is presently in exclusive negotiations - another upgrade will follow. Await developments."

[mfhmfh] 04/12/2018 09:37

good results for MRL today IMHO (a company I don't own). similar sector to PTSG. I'm looking forward to the January trading statement from PTSG.

[rogers8] 04/12/2018 08:17

Many thanks.

[redartbmud] 03/12/2018 22:12

Click on rivaldo. The first item on the list is message. Click on that and open the screen.

[rogers8] 03/12/2018 19:07

rivaldo, thank you for your continuous updates on PTSG's non stop success. How can I contact you? Tried searching for private messaging on ADVFN but could not work out which subscription I needed and which subscription the person I wanted to communicated with had to have. Very happy long term holder.

[rivaldo] 03/12/2018 11:36

There's been almost two pages of contract wins and other news - 18 items - since I last posted, mostly re individual site wins.

However, this contract news is pretty meaty, being fire protection, lightning protection and emergency services at 800 properties.

Hopefully this will also lead to further work at the rest of Metropolitan's 38,000 sites:



"PTSG awarded contract at 800 Metropolitan Housing sites

Premier Technical Services Group PLC’s (PTSG) has secured a contract to carry out a range of electrical services and fire solutions at a portfolio of properties for a London housing organisation.

Metropolitan Housing provides housing at different levels of affordability for people living in London, the South East, East Midlands and East of England. Founded in 1963, the development consists of around 38,000 properties and Metropolitan is a member of the National Housing Federation and the G15 group comprising London’s largest housing associations.

PTSG’s skilled engineers are due to visit approximately 800 sites across the South East to deliver lightning protection and emergency lighting services and fire inspections. These are just a few of a wide range of services offered by PTSG’s team."