Premier Technical Services Share Discussion Threads

[skatersav] 29/4/2019 12:23

Sorry, I didn’t mean to offend.

[skatersav] 29/4/2019 12:03

So, you think that LO not owning the shares of PTSG is indicative of them considering it to be a company with sound fundamentals... Wonderful logic. What about First Pacific's decision to reduce their holding? Can you please tell me how that is bullish for the stock? After all, they have sold 1%, LO have bought back their 1% short - Whose weight should we lean on?

[riverman77] 29/4/2019 11:50

You're too focused on short term technicals. The way I see it is LO no longer consider this a good short at current depressed share price. If they had genuine concerns over the future of the company then they would have kept the short on. The fact they haven't suggests they think this is an essentially sound company, albeit with a few question marks which are now reflected in the price.

[skatersav] 29/4/2019 11:44

No, it’s not bullish. You’ve lost a natural buyer of the stock. You don’t know why they covered, but you do know that they no longer need to buy it.

[hatfullofsky] 29/4/2019 09:30

I've added today, the downward pressure seems to be abating. 65P Stop

[hatfullofsky] 29/4/2019 09:25

What ! A short exit not bullish ?

[onjohn] 27/4/2019 13:53

Looking like a lakehouse disaster of mid stated profits

[apad] 27/4/2019 13:51

Lombard Odier Asset Management (Europe) Limited
Shorter of PTSG off the table as of 24th Apr.
Explains the trading on that day and could herald a turnaround.
apad

[apad] 27/4/2019 10:23

PTSG, for which there are genuine concerns, is 55% down against the All-Share.
Small companies, in out-of-favour sectors, without concerns about the story, tend to be 15/20% down (very roughly).
FWIW
apad

[skatersav] 27/4/2019 09:55

The “Consultancy fees” also raised an eye brow or two. I see First Pacific are letting a few go. Big outfit: $26bn AUM. And they still own a bit under 12%. Maybe just repositioning... :|

[eezymunny] 25/4/2019 16:37

Does your decision making process read the annual report APAD, to see what it doesn't say about all those unbilled receivables???

[apad] 25/4/2019 09:42

riv
Please don't feed the trolls, it puts us lurkers, who value your posts, off coming.
😥
I posted this today.
"As well as the underlying story for a stock is the market perception of a story for a stock.
This latter has now changed for BOO and it is, perhaps, the most important story for shorter term price movements. Also, the perceived story is strong if it is for a sector.
The perceived story for PTSG is a receivables problem in an out of favour sector, together with the difficult accounts of a roll-up company.
However, my reading of .gov literature says that PTSG is not unusual.
Doesn't mean that there isn't a tank trap waiting, but I am stuck with my decision making processes."
apad

[rivaldo] 25/4/2019 09:33

OT : twirl, please don't get personal. It's (a) beneath you, (b) incredibly boring for everyone else, and (c) life is far too short - a bb is very small beer and unimportant in relation to everything else.

[twirl] 24/4/2019 15:26

"this is where the share price direction will be shaped rather than on a bb thread."

Really?

Then why do you keep posting contracts from PTSG website - and react so negatively when someone posts a different point of view.

In fact rivaldo your positive posts bear an inverse relationship to the share price here and GMAA. Which proves your startling revelation in post 1231.

[rivaldo] 24/4/2019 15:14

Healthy volumes traded today with over 2.8m shares so far, and a 76k buy just now at 79p, 1p above the 78p current quoted offer price.

Presumably some institutional swapping going on - this is where the share price direction will be shaped.

[hatfullofsky] 24/4/2019 12:13

Look at the reduction of debt and the new facility and the headroom available.

The main issue is receivables and length of debt

[petersinthemarket] 24/4/2019 11:32

The net debt (£11m) puts me off a bit because a nervous mkt now looks for companies holding plenty of cash, but the massive share price fall doesn't seem entirely reasonable to me. This is an ambitious company growing strongly, both organically and by acquisition, and despite the large staff and multiple operational centres, it's apparently well managed. It has substantial net assets (£55m) to back up the mkt cap. As noted elsewhere above, the cashflow is not inspiring but that should improve once their aggressive expansion plans start to slow. I don't hold atm but unless there is new evidence of something seriously wrong in the background the fall should bottom out soon and imo would represent good value. And it will offer a useful and growing yield from this level. pete

[rivaldo] 24/4/2019 11:16

For some people the world is glass half full or empty. For others the world is complete misery and merely a chance to spread poison.

The clue is in the word "amusingly". And in the smiley face. Or perhaps that was all too subtle :o))

[eezymunny] 24/4/2019 11:07

And Greggs just sold a sausage roll - must be a buy!

Effing pathetic.

[rivaldo] 24/4/2019 09:39

Amusingly, someone commented earlier that Notre Dame could have benefited from PTSG's services....and here is PTSG's latest news item re a contract to provide lightning protection and surge protection at a church :o))



"Historic church puts its Trust in PTSG

Premier Technical Services Group PLC (PTSG) has been contracted by the National Trust to provide vital electrical services at its historic Staunton Harold Church in Ashby-de-la-Zouch.

Built for Sir Robert Shirley between 1653 and 1655 in Gothic style, Staunton Harold Church is one of the few churches built between the outbreak of the English Civil War and the Restoration period. It is one of the least modernised churches of its time; however, the National Trust has embarked on a project to restore the church and rescue it from decline.

PTSG’s electrical services engineers will be improving and adding to the existing lightning protection system at the church. In addition, they will be installing surge protection. The Group has been contracted on a number of occasions by the National Trust, whose restoration project managers appreciate PTSG’s methods and understanding of what is needed on such a structure.

Previously for the National Trust, PTSG installed discrete lightning protection systems to Berrington Hall in Herefordshire. Before this, its engineers carried out fixed wire testing at 23 National Trust sites in Cumbria including the Beatrix Potter Gallery, Dalton Castle and Wordsworth House and Garden."

[hatfullofsky] 23/4/2019 18:31

Net cash inflow/(outflow) from operating activities 2,964,502

Just need to get the trade receivables under control.