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 Shares Traded Last Trade
  0.00 0.0% 214.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 69.10 3.72 2.77 77.3 264
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 214.00 GBX

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Date Time Title Posts
16/1/202021:14Premier Technical Services Group1,523

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robow: and Questor gives an update in The Daily Telegraph When we tipped Premier Technical Services Group (PTSG) in April last year we described it as “boring”. The share price graph since then has been anything but, although unfortunately in the wrong direction. David Stevenson of Amati Global Investors, whose holding in the firm prompted our tip, said three factors had contributed to the shares’ 44pc fall: questions about the “quality”; of profits, in relation to exceptional items and cash conversion; a “bear raid” by a hedge fund; and concern over the way certain property assets of companies it had acquired were transferred to another firm controlled by two PTSG directors. “Its underlying businesses continue to progress through organic growth and acquisition,” Stevenson said. “We think some of the concerns over earnings ‘quality’; are overdone, because exceptional costs and low cash conversion are par for the course when you acquire companies, especially if they are undergoing a turnaround. Likewise we believe that the hedge fund made the most of its bear case. “We are more worried about potential failings in corporate governance over the property sales. An independent surveyor is reviewing this and we will await their report.” He added: “PTSG is very efficiently run, but the stock is on the naughty step now. However, we see the shares as potentially oversold.” Questor: hold Ticker: PTSG Share price at close: 99.5p
rivaldo: 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: Https:// "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."
rogers8: EezyMunny, There is no match to your lack of understanding of the UK Facilities Management compliance sector. PTSG is a buy and build model, consolidating regional businesses into a nationwide solution. If you are a multi-site organisation, you can contract with one of the UK PLC FM organisations for compliance services (expensive and risky (Carillion/Interserve) or deal with lots of regional businesses to fulfil not sending the board of directors to jail. PTSG has become a one stop national shop for compliance which is a more cost effective route and simpler solution that the two alternatives. This type of budget is driven by legislation and would be a the top of the spend list for most mature organisations. £200m Government funding for cladding replacement will benefit PTSG. The larger multisite organisations will want to use PTSG. One company, one big invoice, one solution. Debtor days is an issue but getting better. There is a simple solution. PTSG does not issue the compliance certificate until payment is made. I am part owner of a UK national FM business. Having met the directors of PTSG and understand the strategy I am very comfortable with the plan. UK PLC FM share prices have been battered. This is a high margin business with 88% renewal rates and long term contracts and growing. At some point PTSG will be purchased by one of the big FM companies. John Foley has a successful history building a nationwide FM business and selling the company to a large player: hxxps:// Major top up today.
rivaldo: Maybe there are indeed lots of installers of sufficient size who have all the requisite skills to cope with a nationwide surge in demand for cladding replacement on high-rise buildings at short notice. Or perhaps not. We shall see: Http:// Http:// Extracts: "PTSG’s rope access and fire solutions teams have worked on a number of private and public sector building removing and replacing cladding over the last 12 months. The team consists of some of the industry’s leading building access specialists." "All PTSG’s sprinkler systems for commercial and residential buildings are installed in accordance with the BS9251 standard and wet risers are installed to the current BS9990 2015 standard. PTSG’s specialist Building Access and Fire Solutions teams offer a wide range of services to ensure the safety of building users in the event of a fire, including safe cladding installation, wet and dry-risers installation and maintenance, sprinklers and other extinguisher systems, fire alarms and emergency lighting installation and testing." "Maintenance and installation work on high-rise buildings can be extremely difficult, with most access methods inadequate for the job, either because of cost or practicality. Our skilled rope access teams can remove and replace cladding on buildings of all heights, with no disruption to tenants or unsightly scaffolding. We can also remove samples of cladding quickly and without any disturbance to building occupants when required for testing or inspection."
twirl: "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: 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)) Http:// "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."
rivaldo: PTSG win multiple contracts via CBRE for a variety of services at 800 sites for BT, plus presumably many others for Dulux and BUPA: Http:// "PTSG wins multiple contracts for household names for CBRE Premier Technical Services Group PLC (PTSG) has won major contracts with Dulux, BUPA and BT – all of which are under the CBRE umbrella. The CBRE Group (Inc.), a commercial real estate services and investment firm, is the largest company of its kind in the world, managing 41 million square metres of assets across 20 countries. PTSG has a long and successful history of work with CBRE. In 2018 the Group attended the CBRE Preferred Supplier of the Year Event for the third year running, held for CBRE’s specially selected supply chain partners. Engineers from PTSG’S four divisions will perform fixed wire and portable appliance testing, testing of fall arrest equipment and testing of lightning protection systems at sites for BUPA and Dulux as well as 800 BT sites throughout the UK. CBRE is one of many large international organisations with which PTSG has long-established working relationships. Often beginning with the delivery of a single specialist service, contracts are invariably extended to include services from PTSG’s other divisions. This ‘bundled service provision’ is beneficial for clients, saving them the time and expense of finding multiple specialist service providers."
rivaldo: As previously posted, based upon the current forecast of 12.43p EPS for this year, PTSG are on a 2019 P/E of only 12.3. Assuming that PTSG will soon be on the acquisition path again given the cash pile, one can see that P/E dropping to just 10 or 11. Hopefully too the upcoming trading update will indicate that PTSG traded at least in line with expectations for last year, especially with the very positive outlook in late September. Of course threeputt, if they miss then the share price will react appropriately, as it would for any company. I can't particularly see any reason why they would do so given that recent outlook except perhaps in incurring additional costs related to the overall growth being experienced, especially in Fire Solutions. But a P/E of 12.3 - with further earnings-enhancing acquisitions likely - means very little expectation is in the share price at the current 152.5p.
rivaldo: Loads of news flow over the last couple of weeks on the web site, but these in particular are worth mentioning. Firstly, PTSG have secured a multi-services contract at VISA's centre in London - this is the type of cross-selling win which PTSG's strategy is all about: Http:// "Highly trained engineers from across PTSG’s four divisions will attend the site to provide lightning protection, fall arrest works, high-level cleaning, fixed wire testing and portable appliance testing (PAT). The Group was awarded this contract as the client was specifically looking to source multiple niche services from just one provider." Secondly, there's been a plethora of wins in sprinkler systems, fire services etc: New residential development in Wembley: Http:// New development in Tottenham: Http:// DLR railway station: Http:// New hotel in London's Trocadero: Http://
rivaldo: I saw PTSG present yesterday. IMO they were extremely impressive once again and I remain very confident about the future. In no particular order: - Electrical Services is twice the size of any UK competitor, but still has a relatively small slice of the market - BEST testing margins are 15%, and the aim is to get to 30% - Fire Solutions should achieve £15m-£20m turnover next year (it already has a £10m order book), against £6.2m turnover in the last H1 - PTSG are aiming for an Electrical Fire acquisition before next year's H1 - PTSG have 17,500 customers and 150,000 buildings. No customer has >3% of revenues. And PTSG has no exposure to retail/the High Street - significant pipeline of acquisitions. 40 potential acquisitions in total, currently working on 12. After a consolidation phase, the next 6 months should be "very active" - they've looked at 60 companies in the last year, so are very choosy. They want to achieve 10 times their money from acquisitions - there's "no pressure on margins whatsoever" - high barriers to entry. It's difficult for others to compete with PTSG's scale and efficiencies - £3.5m of cross-selling in H1, and should double this year - PTSG achieve £1 of additional service/maintenance revenues for every £1 of new business won, so high recurring income - Fire Solutions have a £54m business pipeline, with a 6-9 months time lag. PTSG win 1 in 4 in that division, and 1 in 2 to 1 in 6 elsewhere - re acquisitions, PTSG won't pay more than a multiple of 5 times PAT unless in special circumstances given the quality etc. Pipeline will cost from £1m to £15m each - debt reduction in H1 was ahead of expectations. PTSG are aiming at a £4m reduction in the year, and achieved £2.2m in H1 - re debtors, DSO is around 130 days for the core business. This is standard for the industry. It's slow, and PTSG are improving - see the improved 81% cash conversion - but this is just a feature of the sector. On the flipside there is very little bad debt given the blue chip customer base
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