Premier Technical Services Share Discussion Threads

[rivaldo] 26/9/2017 11:28

Well spotted on the deliberate error :o)) Now amended....

[madmix] 26/9/2017 11:10

rivaldo - Did you mean Numis? ;-)

[rivaldo] 26/9/2017 11:10

Numis have today increased their price target to 205p (from 165p). They say Hold, but of course that was based on this morning's opening price.

[luckymouse] 26/9/2017 11:10

big difference between the adjusted and unadjusted PEs means large exceptionals which may mean the unadjusted statutory is down - bit unfair if for perfectly reasonable aquisition really - but sometimes share price can react to that ive noticed before. Restore who do a lot of mergers can act similarly but rises later on in the cycle once the target co earnings have washed in without the exceptionals.

Also technically the one baggers cashing in during a risk neutral mkt with a bounce off the psychological 200 level.

Overall it reads positively.

[basem1] 26/9/2017 10:31

Filling the gap to 179p. Top up time anything below 180p

[twirl] 26/9/2017 10:30

Possibly but after a ~60% rise since Aug profit taking is to be expected on results day when very few shares avoid a drop.

[mw8156] 26/9/2017 10:15

trading strong but debtors rising rapidly might account for the shares being down this morning?

[stopps] 26/9/2017 08:42

Agree simso.

[simso] 26/9/2017 08:41

These were the two key comments for me, for the Chief Executives Report

"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".

[fizzypop] 26/9/2017 08:40

Good summary:

Equity Development‏ @equity_research 48m48 minutes ago

$PTSG.L good interims justify shares' surge this summer: revs +19% (organic +14%), adj EPS 3.86p +21%, DIV 0.8p +14%. Trading remains strong

[twirl] 26/9/2017 08:22

Very good results and no mention of massive prospects for retrofit sprinklers.

As normal down on results

[photon] 26/9/2017 07:26

It's an impressive statement for sure. Looks like this one's a keeper. Thanks for drawing the attention of a number of us to this one a while back rivaldo.

[rivaldo] 26/9/2017 07:18

Very good H1 results today. Most importantly, the outlook is extremely bullish.

With the acquisitions during H1 PTSG look well set to meet or beat expectations for the year. And more acquisitions are likely of course.

With "high value cradle installations" planned for this H2, plus the divisional reorganisation highlighting PTSG's fire safety attributes, the confidence about the rest of this year appears well justified:

"PTSG has considerable opportunity ahead. Our unique operating model delivers high contract retention rates, very steady gross margin performance and healthy underlying organic growth rates and we continue to identify carefully selected acquisition opportunities where our operating model can be put to good effect. Collectively this gives the Board confidence that the Group is well positioned to maintain its current positive momentum. Since 30 June, trading has continued to be strong and we remain hungry to succeed, confident of our prospects and enthusiastic about the future both in the remainder of this year and beyond."

[fizzypop] 25/9/2017 12:29

My topup was timely this morning. Now up 7%.

[fizzypop] 25/9/2017 09:51

Last year's interim divi was 0.7p. I would be expecting another 50% increase to 1.05p announced in interim results.

[fizzypop] 25/9/2017 09:01

Topped up with 1700 @ 196.90p.
Tomorrow for H1 results.

[rivaldo] 25/9/2017 08:42

There's work on fire safety for blocks of flats for years to come post-Grenfell per this report today:



"Improving fire safety in high-rises after Grenfell blaze 'could take years'

Completing repair work on the hundreds of buildings that have failed fire safety tests in the aftermath of the Grenfell Tower disaster could take years due to the scale of the task, according to a government document.

etc"

[threeputt] 22/9/2017 12:48

next Tuesday

[jaws6] 22/9/2017 12:31

any idea on result date ?
thanks

[rivaldo] 22/9/2017 12:24

I can't keep up with all these bleedin' new contracts :o)) Incredibly impressive momentum it would seem.

I like the sound of this nationwide contract with Wetherspoons:



"PTSG raises the bar with new JD Wetherspoon contract

Premier Technical Services Group PLC (PTSG) has secured a contract to provide nationwide portable appliance testing (PAT) services for UK pub chain JD Wetherspoon.

Engineers from PTSG’s Electrical Services division will attend 120 pub sites around the UK to provide PAT testing, ensuring all portable appliances used at the pubs are safe to operate. The contract will require a dedicated team of PAT operatives to manage the specialised nature of the works.

Founded in 1979, JD Wetherspoon currently owns just under 1,000 outlets......

etc"

And also this major contract for E.ON:



"PTSG powers ahead with E.ON UK contract win

Premier Technical Services Group PLC (PTSG) has been awarded a contract to provide a bundle package of specialist services for energy company E.ON UK.

Engineers from PTSG’s Electrical Services division will provide maintenance and testing services to fall arrest, lighting protection and mansafe systems, as well as fixed wire testing, to E.ON’s portfolio of distribution centres located across the UK.

E.ON UK is a subsidiary of E.ON, the world’s largest investor-owned power and gas company. It is headquartered in Coventry and currently employs 15,000 people in the UK......"

Finally, another nationwide contract for ScS



"Premier Technical Services Group PLC (PTSG) has been awarded a contract to provide a bundled package of specialist services for home furnishings retailer ScS.

The package consists of fall arrest and lightning protection testing and maintenance services, which will be carried out across ScS’s nationwide portfolio of distribution centres by specialist engineers from PTSG’s Electrical Services division.

etc"

[twirl] 21/9/2017 11:58

IG 193.25/198 30k/30k

[rivaldo] 21/9/2017 10:26

Nice £20,000 buy just now at 197.5p - 2.5p above the 195p published offer price. Keen.

[pnetol] 20/9/2017 18:22

Hi guys, Do you think a profits upgrade might be the order of the day next Tuesday??Let's hope so