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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 1076 to 1100 of 1525 messages
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DateSubjectAuthorDiscuss
12/2/2019
07:23
There's a lot that could go wrong. Low margin work and all that. I work in a similar sector and have just had a record January but still lost money as a company.
basem1
11/2/2019
22:26
I thought the idea was to acquire specialist, high margin companies, with a bit of a moat riverman. Trinity doesn't appear to be that. May be they think they can improve margins but I always wonder why a seller sells if there's scope for a big improvement!
eezymunny
11/2/2019
20:04
Stockopedia Beneish score suggests a High risk of earnings manipulation.
cockerhoop
11/2/2019
19:44
True to form Edison suggest 11.8p adj EPS compared to 2.96p statutory EPS for 2018 and further exceptionals to come in 2019 & 2020.
cockerhoop
11/2/2019
18:28
On the other hand, not so keen on all the adjustments - are these really one-offs?
riverman77
11/2/2019
18:22
But isn't that the idea behind their acquisition strategy? Get hold of low margin businesses and improve efficiency, something they have done very successfully. Looking at H1 results, group margins look ok - £30m revenue v £6m operating profit.
riverman77
11/2/2019
17:46
The latest acquisition Trinity is perhaps not very niche and specialist at all given "The business has a current revenue run rate of c.£40m generating an EBITDA of c.£2.2m" Lousy margins + lousy cash flow isn't usually a great combo for wealth creation IMVHO!
eezymunny
11/2/2019
17:30
I'm personally not too concerned about slow cashflows as they seem to be fairly small jobs spread over lots of individual (mainly blue chip) clients - so less risk of one single default having too much of an impact. I normally avoid outsourcers, but PTSG seem to be a bit more niche/specialist and their acquisition track record is very good
riverman77
11/2/2019
14:25
Cheers fizzypop. Likely there's a seller around in what is still quite a volatile/illiquid stock at a time when markets are uncertain. I note that Danske Bank/their Investment funds increased their holding here in October last year. Danske are now in some trouble, so it's possible they're liquidating some positions. Sellers often have internal reasons of fund balancing etc which have nothing to do with the investee company itself. Given the increased forecast of 13.6p EPS any concerns re the always known about - but improving - cash flows would now seem to be more than discounted!
rivaldo
11/2/2019
14:15
disappointing share price fall. I can't see any reason for it.
mfhmfh
11/2/2019
14:07
Any inkling what's behind the recent drop? Recent updates look positive enough.
riverman77
11/2/2019
14:02
I'm out after two and half years for a measly 1% gain excluding divis but capital preservation is everything. So much promise with PTSG but the current share price says it all and I should have sold months ago. GL to rivaldo and I hope you are rewarded for all your efforts.
fizzypop
10/2/2019
18:07
Low P/E (well, not really) but lousy cash flow - look at ACSO and hundreds of others for what (possibly) happens next!
eezymunny
10/2/2019
16:27
Latest Numis eps forecast for this year is 13.6p which puts them on a PER of circa just 9.7 at Friday's closing price!
masurenguy
28/1/2019
23:03
Plenty more new contracts and installations on the news pages, but this one makes good reading post-Grenfell re installing sprinkler systems in a 60 apartment residential scheme - and this comment is also encouraging: Http://www.ptsg.co.uk/news/fire-solutions/ptsg-makes-prestons-first-independent-living-scheme-fire-safe/ "Engineers from PTSG Fire Solutions Ltd. continue to experience an extremely high demand for their specialist services."
rivaldo
25/1/2019
08:38
Indeed. Zero interest on supposed big cash balances was one of the very small clues for the CAKE fraud. It would be useful it all companies were mandated to report an average cash balance for every reporting period.
eezymunny
24/1/2019
19:40
They don't appear to receive any interest for their 'sizable' cash asset, I can't understand why they wouldn't use it to offset the overdraft.
cockerhoop
24/1/2019
18:31
And there was a £12m overdraft. Which is a strange way to behave IMVHO...
eezymunny
24/1/2019
16:05
What I don't understand is: PTSG had £13.8m cash on the balance sheet at the Interims It then raised £20m in a placing and bought 2 companies The 1st for £12m (but with 1m cash on balance sheet) Another for £10.8m (but with £3.1m cash on the balance sheet) It also increased borrowing for the amount above £20m raised in the placing. IT'S ALMOST LIKE THE £13.8M ON PTSG's BALANCE SHEET DOESN'T EXIST?
cockerhoop
24/1/2019
12:33
New note from Edison - they increase EPS by 10% for this year and now see 13.6p EPS: Https://www.edisoninvestmentresearch.com/research/report/premier-technical-services-group131641/preview/ Extracts: "Trinity acquisition enhances earnings by c 10% PTSG has announced the acquisition of Trinity Fire and Security Systems along with a brief trading update noting that FY18 ended in line with management expectations. Trinity brings in a scale presence in electrical/electronic systems, while its expertise complements PTSG’s existing Fire Solutions capabilities and expands the combined service offer. We have increased our earnings estimates by c 10% and, on this basis, the stock is trading on FY19 multiples of 11.3x P/E and 8.7x EV/EBITDA." "Valuation: Growth expected and to be delivered PTSG’s share price has started to rebuild from the lows seen in December and the Trinity deal should further support this momentum. The 2017–20 EPS CAGR is now 14.6% on our estimates giving a PEG of c 1.1x and resulting in FY20 valuation metrics of 10.5x on a P/E basis and 7.6x for EV/EBITDA."
rivaldo
22/1/2019
17:49
September's interim results showed half year turnover of £30.2m. The latest acquisition has an annual turnover of circa £40m. PTSG should now be a £100m turnover business. If the management can increase Trinity's margins in line with PTSG then this share will rocket. Very happy long term holder.
rogers8
22/1/2019
12:48
investegate.co.uk/News/broker-forecast---numis-issues-a-broker-note-on-carillion-plc/763251/ Just before it went bust. LMAO!
eezymunny
22/1/2019
12:06
I'm happy with 250p
mfhmfh
22/1/2019
11:59
Numis say Buy and reiterate their 250p target price: Https://endigest.com/2019/01/21/numis-reconfirmed-premier-technical-services-group-lonptsg-as-buy-has-pt-of-gbx-250-00-gagnon-securities-raised-its-netgear-ntgr-holding/
rivaldo
22/1/2019
09:03
Scott is NOT wrong APAD IMO. It's an industry plagued by poor payments, bad debts etc. In what way do you think he's wrong? Investing in companies with poor cash flow characteristics is generally bad for your finances IMO. This may pan out OK of course. I wouldn't bet on it personally. Share prices of these contracting companies generally go nowhere or worse!
eezymunny
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