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More contracts than the mafia at this stage! Nice work Rivaldo!
Http://www.ptsg.co.uk/news/electrical-services/ptsgs-lightning-protection-team-wins-notting-hill-contract/ "PTSG’s Lightning Protection team wins Notting Hill contract Premier Technical Services Group PLC (PTSG) has secured a contract to provide lightning protection systems at residential sites on behalf of Notting Hill Housing. Engineers from PTSG’s Electrical Services division will attend 14 sites, a combination of buildings, townhouses and flats located on Western Avenue in Ealing to install modern lightning protection systems to the BSEN 62305 standard. Notting Hill is one of one of the largest property developers in London. It offers high quality housing across the private sale and rental, shared ownership and affordable rental markets. PTSG has developed strong partnerships with many UK housing associations, providing a range of niche specialist services to enable the safe and efficient operations of affordable housing. In addition to lightning protection, the company also carries out a range of electrical services, including electrical testing, fire services and steeplejack services for clients nationwide and across the globe."
Some hefty purchases going through the last day or two!
Yes, we're obviously prophetic! This time tomorrow £5 lol! I'd much rather have gradual increases with slight retraces rather than one crazy spike!
today which I think is healthy. Buys are outweighing sells but a markdown is to be expected after a strong run. Watch this zoom to 200p when sellers are flushed out but buying continues.
Great stuff. And there's more news here - it's incredibly impressive imo that PTSG have developed in-house their own bespoke software to organise its workload, quotes, invoicing etc. Is this something that they could sell/licence out to other businesses? Could be lucrative if so, but if it's so bespoke perhaps not. Anyway, it reflects the high quality of the company imo: Http://www.ptsg.co.uk/news/ptsg-clarity-takes-front-page-spot-in-pfm-magazine/ "PTSG Clarity takes front-page spot in PFM Magazine Premier Technical Services Group PLC (PTSG) features on the front cover of August's PFM magazine, with a double-page spread dedicated to the company's innovative Clarity system. The system is made up of four key components: ClarityOFFICE, ClarityPEOPLE, ClarityWORK and ClarityPORTAL. Each element of the system is designed with the specific requirements of individual departments in mind, ensuring that everyone at PTSG, including the administrative team, business development managers and on-site engineers are all able to do their jobs more efficiently. Clarity has been integrated into the business over the last year, and has already processed over two million audited transactions, generating over 30,000 documents. The article covers the benefits the bespoke programme has brought to the Group and its clients, greatly speeding up its processes and creating unbeatable efficiency, more intelligent scheduling and greater levels of safety for engineers. This isn't the first time PFM has covered PTSG's innovative and value-adding Clarity system. In October 2016, the magazine took an in-depth look at the system, detailing the individual aspects of Clarity that make it so effective, giving PTSG's engineers everything they need to do their job safely and efficiently. To view the article in August's PFM Magazine, click here." Http://www.ptsg.co.uk/wp-content/uploads/2017/08/pfm-aug-17.pdf
Fallingknife1 - I see what you did there, several times :) I concede I cut a few and topped sliced but there could still be a fairway to go, and I still have the rest in my bottom draw, I feel anybody with the approach to stick it out will still rake it in. enough, enough !
I agree, whenever I see a company that I'm considering and then see Rivaldo is active that wins me over! Likewise with the price, it's not rising due to any real tip, more just people buying due to the fundamentals, so perhaps there's not so much the desire for any immediate short term gains. Either way, I'm enjoying seeing the percentage increase for the moment!
Hard to know where to get off though Rich. Threeputt might be the bogeyman- a bit green or else pulled off a masterstroke by having the balls to topslice. I don't like heights myself but I am staying putt :) as thanks to Rivaldo's excellent research and posting I feel this one has some way to run. Niche player in a post-Grenfell era where compliance is king and I have a feeling this one is only just beginning to pick up.
Yes, the rise is constant. I've been averaging up since getting in at the 1.30s and is in my two top performers. I do wonder though if we will start getting profit taking / top slicing after this steady rise!
now officially my best share ever since I first bought at 68p, seemed right to top slice a few this morning though. The bulk will stay for the long haul, seen nothing yet to make me believe they won't carry on up over the long term
I am craning my neck to see what highs this will stop at. The understated TU clearly belies a company that is climbing to new highs. These new contracts should feed in well to the September 26th results and hopefully an upgrade to the upgrade. Any investor cheery-picking stocks should be aboard this one!
Great stuff. And there's more news here - it's incredibly impressive that PTSG have developed in-housed their own bespoke software to organise its workload, quotes, invoicing etc. Is this something that they could sell/licence out to other businesses? Could be lucrative if so, but if it's so bespoke perhaps not. Anyway, it reflects the high quality of the company imo: Http://www.ptsg.co.uk/news/ptsg-clarity-takes-front-page-spot-in-pfm-magazine/ "PTSG Clarity takes front-page spot in PFM Magazine Premier Technical Services Group PLC (PTSG) features on the front cover of August’s PFM magazine, with a double-page spread dedicated to the company’s innovative Clarity system. The system is made up of four key components: ClarityOFFICE, ClarityPEOPLE, ClarityWORK and ClarityPORTAL. Each element of the system is designed with the specific requirements of individual departments in mind, ensuring that everyone at PTSG, including the administrative team, business development managers and on-site engineers are all able to do their jobs more efficiently. Clarity has been integrated into the business over the last year, and has already processed over two million audited transactions, generating over 30,000 documents. The article covers the benefits the bespoke programme has brought to the Group and its clients, greatly speeding up its processes and creating unbeatable efficiency, more intelligent scheduling and greater levels of safety for engineers. This isn’t the first time PFM has covered PTSG’s innovative and value-adding Clarity system. In October 2016, the magazine took an in-depth look at the system, detailing the individual aspects of Clarity that make it so effective, giving PTSG’s engineers everything they need to do their job safely and efficiently. To view the article in August’s PFM Magazine, click here." Http://www.ptsg.co.uk/wp-content/uploads/2017/08/pfm-aug-17.pdf
And more news flow: Http://www.ptsg.co.uk/news/electrical-services/ptsgs-dry-riser-team-assists-the-guinness-partnership/ "PTSG’s dry riser team assists the Guinness Partnership Premier Technical Services Group PLC (PTSG) has successfully carried out a range of dry riser maintenance works for the Guinness Partnership, turning the work around with incredible speed. The Guinness Partnership was founded in 1890 by the great grandson of the founder of the Guinness Brewery to help homeless people in London and Dublin. It has since grown to become one of the largest providers of affordable housing in England, delivering services for around 135,000 customers across 65,000 homes. The group’s wet and dry riser maintenance company, UK Dry Risers Maintenance, won the contract to service eight of the organisation’s sites and has completed the work just two days later. While the company’s skilled testing engineers were finishing their final few tests, the client requested further testing at three additional sites. This work was successfully completed in just one day." Http://www.ptsg.co.uk/news/electrical-services/ptsg-keeps-historic-scotlands-castles-in-top-condition/ "PTSG keeps Historic Scotland’s castles in top condition Premier Technical Services Group PLC’s (PTSG’s) rope access teams have been travelling to historic tourist attractions across Scotland to keep them in top condition for the millions of tourists travelling across the world to admire them this summer. The company has been contracted by Historic Environment Scotland to attend sites such as Stirling Castle, Dumbarton Castle and Edinburgh’s Old Tolbooth, among many others, to control and remove vegetation that grows on the structures’ stonework and masonry. etc"
Loads of contract news in the last week - here's just a few: Http://www.ptsg.co.uk/news/electrical-services/ptsg-continues-lightning-protection-work-with-toyota/ "PTSG continues lightning protection work with Toyota PTSG installed a static lightning protection system to the factory’s new paint mix room which will protect both the building and Toyota’s 3,800-strong team from lightning strikes and power surges in bad weather. The group’s Electrical Services division has carried out a series of lightning protection works at Toyota’s Burnaston plant in recent years. This is just one of many contracts the Group has renewed thanks to its high-quality provision of niche services, boasting an impressive contract renewal rate of 88 per cent." Http://www.ptsg.co.uk/news/electrical-services/ptsg-handles-the-pressure-for-curo-housing-association/ "PTSG handles the pressure for Curo housing association Premier Technical Services Group PLC (PTSG) has completed a series of dry riser maintenance tests for Curo, a housing association based in Bath. Curo is a house builder and housing association with over 13,000 homes across the West of England. The company is one of largest landlords in the South West, with a diverse portfolio of affordable and market rented homes. etc" Http://www.ptsg.co.uk/news/electrical-services/ptsgs-steeplejacks-inspect-point-of-ayr-chimney/ "PTSG’s steeplejacks inspect Point of Ayr chimney A team of Premier Technical Services Group PLC’s (PTSG’s) steeplejacks has carried out a safety-critical inspection of a 70m steel chimney at the Point of Ayr gas terminal in Wales. The Point of Ayr gas terminal is located at the mouth of the Dee Estuary in Flintshire, North Wales, and exports gas from the offshore Liverpool Bay fields: Hamilton, Hamilton North, Hamilton East, Lennox and Douglas. The steeplejack team carried out a full internal and external inspection of the terminal’s large steel chimney to make sure the structure was safe and compliant. Skilled operatives also carried out internal confined space refractory repairs to the chimney lining that had been determined in an earlier inspection. Prior to undertaking the work, the team spent two years meticulously planning a rigorous safety regime in order to account for the fact that the chimney is always online. Despite the extra safety measures required not only for working at height, but on such a safety-critical site, the work was successfully carried out within the agreed timescale and budget."
Mon, 7th August 2017 - 14:33 iii post Share this I have long talked up the white-hot investment potential of Boohoo (LSE:BOO), its galloping popularity with clothes shoppers across the globe likely to lay the bedrock for robust earnings growth in the years ahead. But those seeking brilliant bottom-line expansion also need to check out Premier Technical Services (LSE:PTSG) today, in my opinion. The niche services provider stormed to fresh record peaks late last week, although first-half results released today have prompted some bouts of profit-booking. Premier Technical Services was last dealing 4% lower from Friday's close. The Castleford company noted that it had "previously announced that it was performing well in the first half," and that "this performance has continued." It commented that it "has noticed an increase in compliance awareness among our 17,000 customers and we have experienced continuing sales growth and strong levels of orders in the year to date." Premier Technical Services has ground out new contract wins across all its disciplines, it advised, including a number of multi-discipline framework agreements with new and existing customers. Contract renewal rates remain high, the company added, which are underpinning its organic growth plans. In other news, it noted that its acquisition of lightning protection and steeplejack play BEST last month "has started well and is progressing to plan," while the purchase of Nimbus Lightning Protection at the start of the year is performing in line with expectations. And the specialist services giant announced that trading during the the first few weeks of the second half has transpired as expected. Hot numbers There is much to be excited about over at Premier Technical Services, in my opinion, with recent acquisitions providing plenty of new sales opportunities and organic revenues also rattling higher. The firm saw underlying organic sales detonate 20% in 2016. City analysts agree that the West Yorkshire business is in terrific shape, with the number crunchers currently predicting healthy earnings growth of 77% and 6% in 2017 and 2018 respectively. While it deals on a pretty vanilla forward P/E ratio of 16.6 times, a sub-1 PEG rating of 0.2 suggests the stock is actually brilliantly priced relative to its growth prospects. I reckon the services star is worthy of serious consideration at current prices.
Looks like this one is climbing steadily. Hope investors have a head for heights as we power ahead. I think Rivaldo is bang on as post Grenfell there is lots of business coming in which didn't feature in the interims. They are actually doing scaffolding outside my block of flats near the British Library which although obviously small scale shows the reach of the company. A big jump today after some selling on news yesterday so clearly investors have picked up on this one.
What a nice, quiet, REFINED board! Up 10% and no one says a thing! Oops!
Check out the trades page: far, FAR, more buys than sells. Yet still down nearly 4%. Thinking of selling something to buy. Looks like a last chance to me.
Agreed Rivaldo. I can only think today's 3.6% fall is down to profit takers after a strong run up or those perturbed by the prudent tone of the update. The sales growth due to compliance and good visibility going forward should all be reflected in next year's results but the release of the interims in September may provide am opportunity to confirm to the market that trading is running ahead of market expectations.
Encouraging trading update this morning - trading in line with recently upgraded expectations, and H2 has started strongly. They've "noticed an increase in compliance awareness", and this is obviously due to the Grenfell tragedy, though it would be crass to say so directly. I suspect that today's RNS is setting the market up for even better news later in the year given the tone of the statement, which is a nicely prudent strategy: Https://www.investegate.co.uk/premier-technical--ptsg-/rns/trading-update-and-notice-of-results/201708070700030881N/ "PTSG, the niche specialist services provider, is pleased to announce the following trading update ahead of its interim results for the six months ended 30 June 2017, which will be issued on Tuesday, 26 September 2017: The Group has previously announced that it was performing well in the first half. This performance has continued, PTSG has noticed an increase in compliance awareness among our 17,000 customers and we have experienced continuing sales growth and strong levels of orders in the year to date. The Group has secured new contract wins across all its disciplines, including a number of multi-discipline framework agreements with new and existing customers and our contract renewal rates remain high, which underpin our organic growth plans. The integration of BEST, which was acquired early in July 2017 to enhance PTSG's number one market position in the lightning protection market, has started well and is progressing to plan. We have begun to drive additional operational efficiencies and opportunities for cross selling new and existing services to the enlarged customers base. Nimbus Lightning Protection Ltd, which was acquired in January 2017, has been fully integrated into the Electrical Services division and is performing in line with our expectations. In the first few weeks of the second half, the Group is trading in line with expectations for the full year as recently upgraded for the BEST acquisition. The directors look forward to providing a full update on the Group's progress in the interim results announcement in September."
First Pacific have bought almost another 1.6m shares since their last holdings RNS on 10th April, and now hold 17.53m shares, or 16.9%: Https://www.investegate.co.uk/premier-technical--ptsg-/rns/holding-s--in-company/201708041150581690N/ Their % has reduced despite their holding increasing due to the placing and the increased shares in issue.
Thanks for that rivaldo. Yes, I haven't done a huge amount of research on them but liked what I saw to buy in and the more I'm reading the more I like, I just wish I had more funds available! Lol I also like that they're operating in quite a niche area
Good to see the first buys at 150p - and also some nice chunky trades at 147p of over 1m shares. Richtips, it's clear imo that this move up is being driven by (1) the reasonable fundamentals and strong growth profile, plus recurring income - as highlighted in the FT article I posted - but primarily because (2) the market is finally getting to grips with the surge in demand for PTSG's fire protection services post-Grenfell, as per all the news flow I've been posting here. This is where PIs have the advantage over institutional investors - we can research and react more quickly, particularly as regards small caps.