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Share Name Share Symbol Market Type Share ISIN Share Description
Premier Tec Ser LSE:PTSG London Ordinary Share GB00BV9FPW93 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 136.50p 10,274 08:00:00
Bid Price Offer Price High Price Low Price Open Price
135.00p 138.00p 136.50p 136.50p 136.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 52.94 1.79 1.37 99.6 168.2

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Date Time Title Posts
04/12/201810:20Premier Technical Services Group1,025

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Premier Tec Ser Daily Update: Premier Tec Ser is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker PTSG. The last closing price for Premier Tec Ser was 136.50p.
Premier Tec Ser has a 4 week average price of 130.50p and a 12 week average price of 130.50p.
The 1 year high share price is 211p while the 1 year low share price is currently 130.50p.
There are currently 123,186,942 shares in issue and the average daily traded volume is 30,781 shares. The market capitalisation of Premier Tec Ser is £168,150,175.83.
rivaldo: 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."
rivaldo: Edison produced an update note on the new acquisition whilst I was on hols which hasn't been posted here: Https:// They've increased EPS forecasts to 11.8p EPS this year and 12.5p EPS next year (with 1.8p and 1.9p dividends). Of course, they also have the firepower to make the already flagged fire services acquisition, which should further improve next year's forecasts. Here's an extract re the new acquisition and the conclusion: "There is an obvious opportunity to capture post-inspection repair and maintenance revenues, which Guardian does not currently carry out and also to cross-sell services to Guardian’s client base with which there is limited overlap." "Valuation: Adding to growth momentum Share price weakness and an earnings-enhancing deal have increased our threeyear EPS CAGR from 9% to 11% now and reduced the current year 13.2x P/E and 11.8x EV/EBITDA multiples down to 12.0x and 8.4x, respectively, by FY21.
rivaldo: ...and there we have it - 157.5p, which is a tiny 2.2% discount to the prior share price: Https:// It's a shame this wasn't finalised before the market wobble as they may have achieved say 165p, but overall this doesn't make much difference given the excellent nature of the acquisitions lined up.
rogers8: Just topped up. The share price could mirror last year's performance where the price moved north by 50p August and September in the run up and publication of the half year results. Statements from the results in March included: "Contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines with new and existing customers" And "unprecedented demand for Fire Solutions with UK Sprinklers trading 50% ahead of the acquired business." Should see the good work flowing into the numbers.
rogers8: I should have contained the comment "unfair" to the 9 month chart which feels like Paul Scott is showing the company in the worst light. 1 year and 2 year charts tells the actual story. PTSG has been on Paul Scott's radar for a while. Had he been an early investor I am certain he would have a better view on the company. I work in the FM industry and understand how the sector works. High debtor concerns are understandable but what is the worst that can happen? Carillion, one of PTSG's largest customers went bust and the charge was £300k, which had no material hit to the results. Most of PTSG's work is to do with compliance which is driven by government. If a customer is struggling financially, paying the compliance/certificate bills to keep the lights on/directors out of jail is why PTSG gets paid unless there is a bust situation. Happy to have suffered an increase in the share price of 100% over 18 months. Once the early director share options and acquisitions positions play out this £40m turnover company with £9m net profit share price will fly, again.
rivaldo: Good spot cottoner. That may well explain the plateauing of the share price recently - as early investors it's no surprise they're now out. The AGM trading update will be on 18th June, so not long to go (and on a Monday, which is encouraging). Hopefully we'll see a run-up in the share price prior to that. It's been 8 months since the last acquisition. I suspect we'll see another one soon - and PTSG should be able to finance all but the largest acquisitions from their own resources.
rivaldo: Numis today reiterate their Buy and 220p target: Https:// OT : there is no material debt provision or indeed mention of bad debts anywhere AFAICS, apart from the teeny-tiny Carillion fully provisioned debt, whose work will be taken on by existing PTSG clients anyway per the previous RNS. If there are any negatives, they're to be found in the exceptionals which include very high share option costs. These are a function of the share price rise in the last year, and frankly given the terrific job that the PTSG team are doing I can't begrudge them their rewards.
twirl: Yes looking fwd to results Share price since director sales has suffered from the increased supply caused by offloading by the short term buyers of those shares. IMHO
rogers8: 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?
twirl: Threeput>> agee good hold. Good call to sell at 200p. Dissappointed like many longs that the share price has drifted down even though I recognise that the mm's role is to make a market - dropping the share price brings out sellers and raising the share price encourages buyers. I would be more concerned if PTSG were a development or mining co that had few assets and no revenue. As far as the co is concerned I am comfy with my investment here as the Co has a track record of growth, directors own a large % and there will be transformational growth in council tower block fire protection and electrical testing. I doubt the CEO forward statement could have been more bullish :- "From a business perspective, the first half 2017 has gone beyond our own expectations at PTSG. Turnover and operating profit have gained considerable momentum over the first half of the year, instilling confidence that we will be in a position of real strength by the year-end. So far 2017 has been quite unlike any other year in our ten-year history. It would be remiss of me not to reference the fact that the first half of the year was characterised by high-profile events which have had a significant effect on all who operate within facilities management. More than ever, the industry demands steadfast compliance to a set of safety standards which will ultimately keep everyone from harm."
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