Premier Technical Services Share Discussion Threads

[jaf111] 18/6/2018 07:09

Super AGM statement.....full steam ahead it seems both in terms of new business and contract renewals.
Anyone know the eps forecast for next couple of years?

[jaf111] 17/6/2018 18:19

AGM is certainly tomorrow (2pm Castleford) and last year they provided a trading update so I am expecting a RNS at 7.00am also.

[fizzypop] 17/6/2018 17:47

I think the AGM and possible TU is due tomorrow 18 June.

[rivaldo] 15/6/2018 12:27

Lots of new contracts announced on PTSG's web site, but this article is probably the most important regarding a "PTSG-installed sprinkler system" suppressing a fire this week:



"Importance of fire suppression systems highlighted by Lewisham fire

One year on from the Grenfell Tower tragedy, the importance of reliable fire safety systems has never been clearer.

In the time since the fire there have been 221 tenders published for fire safety work – a 56 per cent increase on the previous year. Much of this has been driven by housing associations and local governments looking to ensure that their residents will remain safe in the event of a fire, following recommendations from the Royal Institute of British Architects (RIBA) and the National Fire Chiefs Council among others.

The benefits of effective fire protection systems were made clear on the first anniversary of the tragedy, when a fire broke out in a Lewisham tower block. Although around 150 people evacuated the building upon being alerted, the fire was effectively suppressed by a PTSG-installed sprinkler system, allowing the London fire brigade to bring the fire under control.

Domestic sprinkler systems are highly effective, and there have been no multiple fire deaths in the UK as a result of a fire in a dwelling with a working sprinkler system. RIBA recently recommended that fire suppression systems are installed in all new and converted residential buildings, and PTSG’s Fire Solutions team has undertaken many contracts in this vein across the UK.

The Group’s Fire Solutions division also offers dry and wet riser installation, testing and maintenance, as well as fire alarm, fire extinguisher and emergency lighting testing and maintenance. This wide-ranging fire protection package has seen the company partnering with several local governments and housing associations to devise the most effective fire safety solutions for hundreds of domestic and commercial properties throughout the country."

[rivaldo] 12/6/2018 12:56

I don't post every news item/contract win which PTSG put up (though it might seem like it!), but this item re PTSG's performing compliance/safety testing on a wind farm is pretty interesting news. This must be a pretty huge new market.

Also, I wonder who {PTSG?) performs the same work on offshore wind farms? This would presumably be very high margin work given the obstacles:



"Premier Technical Services Group PLC’s (PTSG) Access & Safety team has travelled to Scotland to carry out compliance tests at a Dumfries wind farm.

Skilled engineers tested a range of equipment attached to the turbines’ towers and nacelles, including fall protection systems, ladders, winches and eyebolts. These tests ensure that the equipment is all safe for use, which is especially important considering the inherent risks that come with working at height.

PTSG’s Access and Safety division works on a range of suspended access equipment including building maintenance units, cradle systems, travelling ladders and gantries, providing testing, inspection and maintenance services to ensure they are safe for use.

The team comprises some of the industry’s most experienced specialists, finding solutions to any height safety equipment problems that are tasked to them. The Group carries out work on a huge range of interesting structures, including wind farms, satellite dishes and bridges, using the expertise of its teams to find the most effective and efficient solutions."

[rivaldo] 08/6/2018 09:37

For the record, PTSG have today been added to the Telegraph's AIM-quoted Inheritance Tax Portfolio, which should guarantee further coverage in the newspaper every so often:

[cottoner] 02/6/2018 20:28

rivaldo,

PTSG were obviously thinking along the same lines as you.



Sometimes lightning does strike twice. :-)

[rivaldo] 01/6/2018 08:52

Nice bounce since Wednesday. I just get the feeling that a seller may have been cleared.

PI, the AGM trading update will be on Monday 18th June - not long now.

The incredible lightning storms earlier this week - including one which took out Stansted Airport for a while - may just have perked some additional interest for PTSG's services.

[panic investor] 30/5/2018 12:23

Are we due an update ?

[fizzypop] 29/5/2018 09:30

Another bread and butter contract:

hxxp://www.ptsg.co.uk/news/electrical-services/ptsg-gets-birds-eye-view/

[fizzypop] 25/5/2018 15:14

Now turned so a topup of 2000 shares for me.

[wednesday6] 25/5/2018 13:53

Trading update in a couple of weeks and going on the update from back in january for this year that said

"the Board expects that the results for the year ended 31 December 2018 will be materially ahead of current market forecasts. This reflects the strength of the Group's order book and successful integration, and ongoing progress at its recently acquired businesses"

So ive just bought a few more on that statement so its a background seller coupled with panicky pi's on an illiquid share?
We'll find out soon, plus this is a long term hold for me.

[fizzypop] 25/5/2018 13:50

rivaldo's current comment on Ideagen is probably applicable here on PTSG:

It's not worth worrying about a day with just £80k of shares traded and the MMs taking advantage of a few lonely sellers!

[fizzypop] 25/5/2018 13:35

Cum Vol 90K traded so not that high (yet).

[fizzypop] 25/5/2018 13:24

And still falling now 5.5% down. 160p and I might start buying.

[fizzypop] 25/5/2018 13:01

Another 3% down but no RNS.

[cottoner] 24/5/2018 18:54

Something's obviously afoot, they haven't announced news on a contract or work completed for about 3 days! :-)

[panic investor] 24/5/2018 16:22

One year chart in a bit of a range by the looks of it that's all

[fizzypop] 24/5/2018 15:15

A 5.5% fall today rather a surprise - any ideas?

[twirl] 22/5/2018 10:53

thanks cottoner

[rivaldo] 21/5/2018 23:16

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.

[cottoner] 21/5/2018 21:37

Interesting.


SENECA EXITS CASTLEFORD FIRM
21 May 2018 Yorkshire

Seneca partners has achieved a strong exit from a Castleford-based multi-disciplinary group it first backed in 2015.

Premier Technical Services Group (PTSG) is a provider of façade access and fall arrest equipment services, lightning protection and electrical testing, and specialist building access.

It was supported by Seneca during its initial public offering (IPO) more than three years ago, and has since demonstrated strong growth through the implementation of its acquisition strategy and by winning contracts with the likes of HSBC, Scottish Water, the NHS, Marks & Spencer and Manchester Airport.

For the year to 31 December 2017, PTSG brought in revenues of £53m with an adjusted EBITDA of £12.3m. It has a market capitalisation of approximately £200m.

Investment manager Connor Grimes said: "A 3.6x-return on initial investment is a fantastic result. PTSG is a great example of a regional business with strong leadership that took on growth capital at an early stage to fund its next phase of development – we will continue to target companies like PTSG."

Corporate broker N+1 Singer facilitated the transaction for Seneca Partners.






Don't know how much they held but must have been less then 3%.

May see a holdings RNS if buyer of their shares goes above 3% or crosses percentage.

Perhaps the reason for the recent weakness in SP?

[twirl] 21/5/2018 18:58

At least they pay their debts which has been a concern for some with the high level of debtors.

Holding back before adding as I expect a placing to buy more businesses.

[rivaldo] 20/5/2018 07:33

PTSG seem to have now become the Government's preferred provider, which is rather useful.

Here's yet another contract win, this time for lightning protection and fall arrest testing services at the Land Registry's 14 sites around the country:



And a win to provide electrical testing services at Burnley General Hospital: