We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Premier Technical Services Group Plc | PTSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 214.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 214.00 | 214.00 |
| Top Posts |
|---|
Posted at 20/6/2019 08:24 by cockerhoop Well done holders - I'm pleased that investors haven't been burnt here - in fact they've done very well.What the acquisition doesn't change is the validity of some of the bear comments Cashflow, whiffy property transfers, strange consultancy fees, etc Both Quindell & Lombard Risk Management were taken over at decent prices before the new owners realised what they'd actually bought. I'll continue to follow the #PTSG story in it's new guise. |
Posted at 17/6/2019 17:45 by lomax99 Here is PS’s Stockopedia comment today:AGM statement (trading update) ...the niche specialist services provider... Updates us on its progress to date, for FY 12/2019. "I am pleased to report that the Group has seen continued sales growth and strong levels of orders in the year to date. In addition, working capital utilisation, margin and profit levels are in line with the Board's expectations. The recent acquisitions of Guardian and Trinity are performing ahead of management expectations. This underscores our confidence in achieving a successful full year result in 2019. I wonder what "working capital utilisation" means? Nice and vague. Cash is king. The big question mark over this group's accounts, is excessive receivables (debtors). This can often be a sign of underlying problems, and for me it's a major red flag here. Directors talk about the group being highly efficient, and managed very tightly, yet they take nearly 90 days to collect in receivables. I don't buy it. There are some adjusting factors, but even after the best possible light is shone on the numbers, the trade receivables number is still way too high. There are several other red flags with this share, in my view - e.g. completely inappropriate benchmark (EBITDA), and excessive management rewards for hitting that target - i.e. providing a multi-million pound incentive to adopt aggressive accounting techniques. Numerous acquisitions can also increase risk - as it's more difficult to understand, compare with prior years, or otherwise rely on, the accounts. I don't accept the explanation given about booking a large, one-off profit for consultancy fees, for a company that was shortly afterwards acquired. The commercial substance of that accounting entry seems to me, to have one purpose only - to boost reported profits. Bear raid - an interesting shorting dossier was published early this year. It contained some interesting points, but like all such dossiers, was intended to rattle investors, inducing them to sell, so that the short seller(s) could close their positions at a profit. Therefore all such dossiers have to be viewed in such a light - i.e. as hatchet job, not fair & balanced commentary. My opinion - if I don't trust the numbers (and therefore management), I don't invest. This last paragraph today is interesting; The Board is currently involved in a review of the Group's internal and corporate governance structures. This review follows the substantial growth in the size and scale of the Group's activities since IPO in 2015. The Board will update shareholders on progress in due course." This begs the question that, if I don't trust management, why would I want them to conduct or even oversee a review? This one's definitely not for me. I'm happy to be proven wrong on it, but experience has taught me that if the numbers just don't look right to me, then keeping clear is usually the right decision, in the long run. |
Posted at 14/6/2019 08:43 by robow and Questor gives an update in The Daily TelegraphWhen we tipped Premier Technical Services Group (PTSG) in April last year we described it as “boring” David Stevenson of Amati Global Investors, whose holding in the firm prompted our tip, said three factors had contributed to the shares’ 44pc fall: questions about the “quality” “Its underlying businesses continue to progress through organic growth and acquisition,” Stevenson said. “We think some of the concerns over earnings ‘quality’ “We are more worried about potential failings in corporate governance over the property sales. An independent surveyor is reviewing this and we will await their report.” He added: “PTSG is very efficiently run, but the stock is on the naughty step now. However, we see the shares as potentially oversold.” Questor: hold Ticker: PTSG Share price at close: 99.5p |
Posted at 12/6/2019 20:24 by sherlock13 If the share price keeps growing this week then they should change Premier to Phoenix...I’m keeping the faith in these guys for now, I bought in a while back at a much higher price and been buying to lower my average, the recent drop was very worrying but their historical performance is impressive. The company seems to be in a hurry to grow, maybe at a cost of helping investors see the true potential and generate some trust, hope the AGM addresses this and gives a clear and simple view from today’s base - with a full year projected benefit of the larger acquisition they did at the end of last year then their 2019 should really jump up even without organic growth on top, still looks cheap to me if margin and cash improvements match sales but time will tell. let’s see what attitude the company has at the AGM after their turbulent spell... |
Posted at 15/4/2019 12:13 by eagle eye rickstar1,I doubt a financial advisor would know anything about PTSG. IMHO you need to up your game considerably in the skill of money management. I've read widely and would suggest that chapter 12 in 'Trade Like a Stock Market Wizard' by Mark Minervini as one of the best on the subject (pages 276 to 279 are worth the price of the book alone). There are some brave investors here, but anyone running a stop loss system would have sold out some time ago. |
Posted at 12/4/2019 09:19 by rivaldo I spoke to the company to ask primarily about the Trinity consultancy income. It derived from advice PTSG gave to drive Trinity's profitability last year, after PTSG initially looked at the company but at that stage believed that its profitability was lacking and withdrew. Trinity agreed that PTSG would be entitled to a percentage of improved revenues resulting from PTSG's advice and help. I assume that this plus charges for the time and expense involved in helping Trinity amounted to the full receipt from Trinity.Also, the interest-free loans to key staff, which date back a few years now, result from an incentivisation and retention scheme under EMI share options - when it pays out then the loans will be deducted from those amounts. Finally, take a look at the impressive presentation re last year's results, particularly as regards the reductions in debtor days, debt etc: |
Posted at 09/4/2019 12:35 by ldrcvm This is a quote from the book I mentioned earlier "Financial Shenanigans..." Its from the section on acquisition accounting and the misuse of metrics."Be sceptical when Gaap (in this case read IFRS) earnings materially lag adjusted earnings. A good rule of thumb to assess the legitimacy of a non Gaap metric is to compare it with the corresponding Gaap based metric, so if the non Gaap adjusted earnings tracked closely to Gaap based net income we consider the non Gaap equivalent as legitimate. Of course if the non Gaap metric continually produced A plus results and the Gaap based equivalent produced D minus results investors should reject the non Gaap metric". Accounting Year £ PTSG IFRS PBT. £Adjusted PBT £ Difference 2013 2,514,345 3,029,118 514,773 2014 1,172,654 3,702,370 2,529,716 2015 830,984 5,002,626 4,171,642 2016 2,614,399 7,451,789 4,837,390 2017 1,793,376 10,151,137 8,357,761 2018 3,723,420* 14,254714 10,531,294 *flattered by other operating income of some £2.2m I thought I had seen it all with Victoria Carpets but this makes them look like angels. Love to hear a reasoned argument from bulls as to why these adjusted numbers provide any useful purpose for investors. |
Posted at 12/2/2019 14:34 by rivaldo Only three months ago a number of institutional investors were happy to give PTSG £20m at 157.5p to pay for the Guardian and Trinity acquisitions.I suspect they're looking for quite a bit more than 200p over time. |
Posted at 08/1/2019 12:52 by masurenguy 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 ! |
Posted at 08/1/2019 08:53 by eezymunny 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
