Share Name Share Symbol Market Type Share ISIN Share Description
Premier Technical Services Group Plc LSE:PTSG London Ordinary Share GB00BV9FPW93 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 214.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 69.1 3.7 2.8 77.3 264

Premier Technical Services Share Discussion Threads

Showing 926 to 949 of 1525 messages
Chat Pages: Latest  49  48  47  46  45  44  43  42  41  40  39  38  Older
Looks like we may be about to get an upwards break-out from the recent range. Loads of new contracts announced - for example: Testing across 150 sites for an NHS Trust in London: Http:// A number of services across 11 new schools in Hackney: Http:// "PTSG supports Building Schools for the Future programme in Hackney Premier Technical Services Group PLC (PTSG) will provide a variety of services to 11 new schools in Hackney. As Hackney’s population rises, applications for school places have risen drastically. These 11 new schools, constructed as part of a programme that covers rebuilds, refurbishments and new builds, will create thousands of much-needed places for pupils. Skilled engineers from across the Group will attend all 11 sites to carry out dry riser and sprinkler inspections, ManSafe lanyards and harnesses, lightning protection and portable appliance testing. Engineers are currently extremely busy with this contract to ensure that as much work is completed as possible before the start of the new school year." And installation of sprinkler systems for Unite at student accommodation in Leeds: Http://
RNS - Danske Bank are increasing their stake nicely. They now have 3.653m shares, up from 3.29m shares last month: Https://
An interesting day, with almost all the 1m shares traded having been buys in large tranches at 190p. Presumably there's been a seller out there supplying stock, but it's encouraging to see such demand at the full offer price.
Nice 100,000 share buy at 190p this morning.
Encouraging snippet from the CEO of Mears Group, who reported their results yesterday (though not encouraging for Mears!): Https:// "David Miles, chief executive, said that Mears had experienced a slowdown in work from its local authority clients after the fatal Grenfell fire in west London last summer. Councils, he said, had been diverting funds towards spending on fire safety and security rather than the maintenance and refurbishment of bathrooms and kitchens which was Mears’ stock in trade."
News of a contract for lightning protection at 99 residential blocks in Flintshire: Http:// "PTSG helps North Wales stay safe in a storm Premier Technical Services Group PLC (PTSG) has completed the testing of lightning protection systems for Flintshire County Council. Flintshire, in north-east Wales, is the country’s sixth most populated county, with just over 150,000 people living there. Engineers from the Group’s Electrical Services division tested lightning protection systems at 99 residential housing blocks. etc"
For the record there was also a very brief update on PTSG in this month's SCSW after the latest Fire Protection acquisition, concluding "Keep on buy list". Which should be reiterated after today's update.
Good solid update
Excellent H1 update today - the outlook sets up what should be a very good set of year end results too: Https:// ""As stated at the AGM trading update in June, the Group has seen a continued strong performance in the first half of the year, driven by a marked increase in compliance and testing work, with high activity levels across all divisions. "Our contract renewal rates remain high and a number of new and significant contracts have been won during the first half of the year across our range of services, including The Department of Work and Pensions with Interserve, FirstPort, and the Ministry of Justice's new facilities management company, Government Facilities Services Ltd. The majority of these contracts range from three to five years, and range in value from £500,000 to £1m per annum, which, in addition to the existing customer base, provides excellent revenue visibility over the medium term and reinforces the Board's confidence in our organic growth plans. "The three acquisitions completed last year have been successfully integrated and are making significant contributions to the Group. Acquisitions remain a core element of our growth strategy, and at the beginning of the second half we acquired M&P Fire Protection Ltd., to further strengthen our Fire Solutions division after a period of unprecedented demand in this area. The business is performing in line with expectations and has strengthened our presence in London and the South East. "Trading momentum has continued into the first few weeks of the second half with high levels of demand from new and existing customers for essential building services, with a particular focus on regulatory compliance and testing work. As a result, the Board remains confident of delivering full year expectations and in the significant long-term growth opportunity for PTSG."
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.
A number of contract news items on the web site, including this prestigious work at Heathrow: Http:// "PTSG lifts off at Heathrow Airport Premier Technical Services Group PLC (PTSG) has undertaken reverse engineering works at Heathrow Airport to bring its access systems up to date with required certification and technical information. PTSG’s Access and Safety division deployed a team to attend work on the control tower at Heathrow Airport, where they performed measuring, detailing and structural engineering to bring abseiling anchorages and rails up to date and in line with statutory Lifting Operations and Lifting Equipment Regulations 1998 (LOLER) 9(2) compliance standards. LOLER regulations ensure lifting equipment is fit for purpose and require that any anchor points and rails are suitable for use by operatives and subject to thorough examination. Heathrow Airport is the busiest airport in Europe, and the sixth busiest in the world. PTSG has provided services at Heathrow Airport since 2008, carrying out a variety of testing, remedial and maintenance works at Terminals 2,3,4 and 5. The Group also provides safety testing and maintenance services at many other international airports including Doha International, London Stansted and Aberdeen International, amongst others."
I note Taylor Woodrow have just announced £30m of additional spending to replace cladding across eight of its developments. Which is good news for access and cradle suppliers like PTSG: Http://
Service contract won to visit Network Rail's HQ every 6 months: Http:// And an inspection contract win at Trinity shopping centre in Leeds: Http://
Like the biz model here
RNS - PTSG have a new major shareholder, with Danske Invest now owning over 3% with 3.3m shares: Https://
Good to see another acquisition in the booming fire protection sector - at a bargain price based on current profits, and also with the deferred consideration dependent on achieving "stretching" profit targets: Https://
Interesting that on PTSG's web site they expand slightly on the very positive AGM trading statement with this rather nice additional paragraph: Http:// "These results demonstrate the effectiveness of PTSG’s growth strategy and its impressive performance across the UK. The multitude of long-term contracts signed across all four divisions in the first half of 2018 is a strong sign that the organisation’s business success looks set to continue, and its teams are ready to deliver the high-quality niche specialist services they are known for to its ever-expanding portfolio." Plus as well as a variety of other, smaller contract wins, a nice big contract won for Nationwide: Http:// "Premier Technical Services Group PLC (PTSG) will be visiting all branches of Nationwide Building Society across the UK to undertake a range of fall arrest testing services. The Group’s specialists will inspect, test, repair and replace a range of equipment including staircases, handrails, ladders and anchor points. Falls from height remain one of the most common causes of injury in the workplace and planned preventative maintenance of this kind is crucial in ensuring buildings remain safe for all users." And good to see PTSG's expertise being used at a Scottish salmon farm: Http://
I note the following encouraging news for PTSG: Https:// "Fire safety tenders post-Grenfell The number of tenders for fire safety work issued by the public sector hit 221 in the year since Grenfell, compared with 142 in the preceding 12 months. The figures, compiled by public sector procurement analyst Tussell, represented a 56 per cent year-on-year increase. Local government has led demand for fire safety work, with the number of tenders increasing from 49 in the year before the Grenfell fire to 98 in the year since."
An exceptional 9% rise in two days presumably due to the DM article.
Thanks for the informative post on PTSG's balance sheet, riv. Very much appreciated. THE LAST ACQUISITION WAS A BIG ONE AND THEY ARE STILL ORGANISING DIVIsiONS (Oops), so I am pleased that they are taking it easy on that front. apad😎
Great coverage for PTSG by Midas should see decent buying coming in, and quite rightly at these levels having consolidated for a while. Good to see the hint that further acquisitions are likely - plus the ambition to triple the size of the business: "PTSG is actively eyeing up prospective deals, as well, which will fuel growth." I like the emphasis on growth too: "this is primarily a growth stock, rather than an income-generating share. Midas verdict: PTSG provides essential building services across the UK. The company has more than 17,000 customers and looks after 150,000 properties so it does not rely on any individual business or sector for work. Teasdale is driven and ambitious and the shares, at 178p, should do well. A good addition to investors’ portfolio, particularly for those looking for a long-term growth story."
Yes baddeal you're right. I overlooked that. The numbers still look awful to me however.... A big pot of accrued income may well be fine but is the sort of pot where you can stick revenues for a year or three til your bonus is paid and then ooops, it's ends up uncollectable. Seen it all a thousand times. May all be legit but not one I'd want to be worrying about...
To quote Billy Connolly "That'll do for me !" "A stated ambition of expanding PTSG into a £500m business – almost tripling in size over the next few years. Brokers have pencilled in revenues of around £68m and profits of £14m this year. A 12.5% increase in the dividend to 1.8p is forecast, but this is primarily a growth stock".
Midas Tip. hTTp://
Chat Pages: Latest  49  48  47  46  45  44  43  42  41  40  39  38  Older
ADVFN Advertorial
Your Recent History
Premier Te..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201019 21:58:42