Premier Technical Services Share Discussion Threads

[skatersav] 11/6/2019 17:11

@eezymuny: "How much net profit?" Loads of ADJUSTED net profit! :)

[onjohn] 11/6/2019 15:53

Must be a big contract announcement soon

[onjohn] 11/6/2019 15:53

escalator to heaven

were going to the top floor for some window cleaning , hold tight

[onjohn] 11/6/2019 12:29

look to the update on 17/06.
blast off to 110p methinks

[rivaldo] 11/6/2019 12:17

Moving nicely this week - nice uptrend developing from the bottom. Healthy volumes too yesterday and so far today.

[onjohn] 10/6/2019 17:12

like gardening

[eezymunny] 10/6/2019 17:03

Building maintenance company wins tender to maintain building. Yawn...

Woolworths once sold a pair of gardening gloves...

[rivaldo] 10/6/2019 09:45

Nicely timed to illustrate their sector leadership, PTSG have just reported their successful winning of a tender for substantial works on one of the most iconic buildings in the country - the Blackpool Tower.

As I stated was possible above, the winning of the contract has also been supplemented by continuing maintenance works for up to the next four years:



"PTSG towers above competition to win prestigious contract in Blackpool

Premier Technical Services Group PLC (PTSG) has completed the first phase of a major project for Blackpool Council, providing a series of vital repairs to Blackpool Tower.

Following an open tender process towards the end of 2018, specialists from PTSG Building Access Specialists Ltd (from the Group’s Edinburgh office) began working on the contract in January 2019. There were two main elements to the repair work. The first was the replacement and renewal of structural steelwork at the base of the tower.

There were two main considerations that PTSG had to keep in mind at all times:

All work was safety-critical due to the age of the tower.
As Blackpool Tower is a Grade I listed building, all work performed had to be approved by the heritage committee prior to being undertaken. Any parts of the structure that were renewed had to be replaced with like-for-like materials.

This was the first time some of the tower’s steel had been renewed or replaced, and crucial sections had corroded over its 125-year life span. Towards the end of Phase I, PTSG’s team was on site 24-hours a day for a full week to ensure crucial deadlines were being met and that the works were carried out uninterrupted, due to the significance to the overall structural integrity of the tower.

PTSG Building Access Specialists Ltd is now in the early stages of Phase II of the contract with Blackpool Council, which is to provide ongoing maintenance work for up to four years, with the contract being renewed after each one-year period."

[onjohn] 10/6/2019 09:25

like a bit of bacon

[eezymunny] 10/6/2019 09:20

So no numbers at all then. Just "I reckon they might get some biz 'ere guv"? Really I don't see the point, given that there are many companies that will bid for this work, if it materialises.

And Tesco might sell some bacon....

[rivaldo] 10/6/2019 09:11

PTSG are one of the leading suppliers of cladding removal, safety services at height, access services, cradle installation etc.

Since each block takes several months to complete removal/repair/replacement of cladding - and I have seen articles where such jobs take over a year per block - then the amount of time and therefore money for the company doing the work must be reasonably substantial.

As per the figures above.

And then there's the high potential for add-on services such as fire solutions including sprinkler system installations etc.

If there are over 270 such blocks to deal with, such a programme of works will take much time and resources for those companies qualified to carry out these works efficiently who have the prior track record like PTSG.

So although one-off in nature, imo the work involved must be material given the sums and amount of buildings involved, and will stretch over an extended period, i.e for the next few years.

And of course after the initial work, there's the likely award of maintenance and repair contracts for the cladding, sprinklers etc going forward.

[eezymunny] 10/6/2019 08:33

Another useless rampy post IMO.

How much business do you think PTSG will win from cladding replacement? How much net profit? And by how much do you think this should add value to PTSG given that it's one-off in nature?

[rivaldo] 09/6/2019 23:27

As regards the above, today's Sunday Times reports that £1.2 billion will be the cost of fixing the UK's cladding problem re 70,000 flats:



"For the first time, figures are available showing how many homes have “rainscreen” cladding. The construction intelligence firm Glenigan lists 1,138 private developments containing 75,485 flats — and that is only those built in the past six years. It is estimated that nearly 90% — or about 70,000 flats — are encased in flammable insulation or cladding."

"It would cost about £350m to replace the cladding expected to fail tests in the private blocks in the Glenigan data and a further £800m in buildings of any height. The data also includes 15,185 flats in council or housing association ownership."

[rivaldo] 06/6/2019 23:32

8 out of 10 high-rise buildings are still covered in dangerous cladding which has to be removed according to reports today:



"The homes are in 272 different buildings, of which 164 are privately owned and 108 are social housing"

[rivaldo] 03/6/2019 09:17

Love to CT, but Castleford is a very long way for me! Certainly should be interesting.

[castleford tiger] 01/6/2019 08:06

anyone joining me at the AGM?
tIGER

[hatfullofsky] 31/5/2019 13:38

FFS impeccable timing

[eezymunny] 31/5/2019 10:21

There's a fantastic correlation between ridiculous rampy posts on here and yet another price fall :):):)

I suppose that might change. Perhaps if they start throwing off more cash...and the accounts aren't full of exceptionals etc.

[eezymunny] 31/5/2019 10:06

It's nothing like CTO. CTO throws off lots of cash in the good times. Thus far PTSG throws off very little vs it's declared "profits"

[hatfullofsky] 31/5/2019 09:45

The update was to 31/03 so another 10 weeks of trading will give a better picture.
26 March 2019 / 10th May both been "Strong" updates. I'm expecting the good news to continue with a "slightly above" announcement in the June update.

The market can delay but not ignore this company, shades of CTO.

[twirl] 30/5/2019 19:30

hatfullossky>> "look to the update on 17/06."

How much better do you think that update will be cf Trading update 3 weeks ago? Since the ~10p rise at that time we have drifted back.

[hatfullofsky] 30/5/2019 16:34

Small top up today, look to the update on 17/06.

[eezymunny] 30/5/2019 16:31

How much do you think a lightning protection system costs? Out of 120m revenue?

FFS