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Fair enough. It makes a nice surprise for me to time my entry well! By pure luck of course. They do however look a very promising company!
personally I dont know of a tip, my personal feeling is that it's broken out the previous range and maybe that's what buyers were waiting for, we also got the feeling it was being held back on purpose under 130, as QD22 says it's like a cork popping Happy enough either way
Only started following this a couple of weeks ago but does anyone know why this has taken off today? Tip anywhere?
Finally let go: cork from bottle.
I came across this good article in the FT from last month - reads well: Https://www.ft.com/content/f183933c-626a-11e7-91a7-502f7ee26895 "Man in a van delivers growth It is growing at 50 per cent annually, has made 22 acquisitions in a decade and doubled its share price in two years. Must be a tech start-up? No. This business makes a profit and is rooted firmly in the “real” economy just off the M62 at Castleford. Premier Technical Services Group (PTSG) is an unlikely go-go stock. It does unglamorous things in glamorous places. It provides the maintenance cradles that can be lowered around the Shard, the Gherkin and other tall buildings. It tests electrical and firefighting systems and has been in demand since the Grenfell Tower tragedy. PTSG debuted on Aim in February 2015 and last week used equity for another buy. It raised £15m through the placing of 12.5m shares at 120p, a slight discount to the 130p price. It bought Brooke Edgeley, a Manchester-based lightning protection and steeplejack company for £14m. Paul Teasdale, chief executive, says: “We do specialist services only in a good niche and with high margins. We are not a mainstream maintenance services business.” It has another 60 possible targets in a fragmented industry. Mr Teasdale says it wins repair work on the back of maintenance, so that every £1 in a maintenance contract is doubled. He also claims to deploy his “Man in Van” army more efficiently than rivals. PTSG increased revenue to £39.2m in 2016 from £25.8m in 2015. Adjusted profit before tax, excluding exceptionals, was up 49 per cent to £7.5m. Investors are convinced, with BlackRock the latest to join through the fundraising. Mr Teasdale co-founded the business with chairman John Foley and two others in 2007. He and senior directors still own about 51 per cent. The challenge will come as it grows and outside investors become the majority."
Qd22. Agree something smells. Purchased circa £800 through HL at 9.30 this morning. No record of the trade. Very happy holder. Worked within FM at board level for 12 years. Met some of the Directors of PTSG. This is and will continue to be a star performer. Great leadership, product and plan.
Today 2X as many bought as sold yet sp DOWN 2.26% all day. I'm an anti-conspiracy-theorist through and through but I have to ask the same question: "Is this being held back?" Knowing as little as I do of the system it seems dishonest. Being AIM is not an excuse for that, if that it is. Seeing it everywhere. Those in the know with cash appear to me to have the opportunity to do very well for themselves. The weighing machine will have to cut in some time, which is the point: but in the meantime those who know that there's been great news but the SP has fallen can buy if shares are available. They clearly are today. Grateful to those who are making sure the good news is available to the many not the few. It's just the tiny matter of raising the cash...! I'm a little bit angry. If someone can explain to me why these thoughts are rubbish I would be most grateful.
Is this being held back ? Feels like someone doesn't want it to go up just yet
New fire services contracts are coming along like buses now....here's yet another one, this time extending a prior contract to 51 student halls of residence: Http://www.ptsg.co.uk/news/electrical-services/ptsg-increases-fire-services-contract-with-liberty-living-students/ "PTSG increases fire services contract with Liberty Living Students Premier Technical Services Group PLC (PTSG) group company, UK Dry Risers, has been contracted by Liberty Living to service and maintain sprinkler systems across all of its UK sites for the next three years. Liberty Living, a leading students’ accommodation provider, opened its first student residence in 1999, and has since grown to open sites in 21 cities across the UK and Europe. The company houses approximately 25,000 students and has 51 halls of residence across the UK. UK Dry Risers was acquired by PTSG on 4th July 2016, and has carried out the servicing and maintenance of Liberty Living’s dry risers, wet risers and fire hydrants for the past five years, developing a strong relationship with the company as a reliable and high-quality service provider. This contract has now increased to cover the servicing and maintenance of sprinkler systems across all 51 of its UK halls of residence, ensuring that the students and management teams at these sites are as safe as possible at all times. PTSG’s dry riser division is the leading installer of wet and dry risers in the UK, and also offers a comprehensive maintenance and testing service. The group’s engineers have a strong reputation for delivering work quickly and effectively, often working to short timescales to ensure that the safety of its clients’ residents or employees is never compromised."
OK, this really is huge now - PTSG are to assist in testing cladding on THOUSANDS of high-rise buildings..... That's THOUSANDS. What will that be worth to profits? This share is only going one way. Today's seller is completely bonkers imho! And note the last sentence too.... Http://www.ptsg.co.uk/news/high-level-cleaning/ptsgs-specialist-rope-access-team-to-assist-in-cladding-testing-for-thousands-of-high-rise-buildings/ "PTSG’s specialist rope access team to assist in cladding testing for thousands of high-rise buildings Premier Technical Services Group PLC (PTSG) has received a contract to assist a leading property management company in testing the external cladding on its UK portfolio in order to ensure total compliance with fire safety regulations. The project will see the Group’s highly experienced abseilers and steeplejacks using rope access techniques to retrieve samples of cladding made of aluminium composite material (ACM) from high-rise buildings across the UK. These samples will then be sent for safety checks to ensure they are in good condition and are totally compliant. In the aftermath of the Grenfell Tower fire, owners of high-rise buildings are sending samples of external ACM panels for rigorous testing to ensure that the safety of building occupants is maintained and that government regulations are met. These tests are required on all buildings over 18m high, and aim to give building owners the information they need to ensure their residents remain protected. PTSG’s client has a diverse portfolio of over 10,000 commercial and residential properties. Taking samples from these buildings is a challenging task, with no balconies or wide-opening windows to allow access from within. Instead, PTSG’s skilled engineers will utilise rope access techniques to safely reach the required areas and retrieve panel samples for testing. The group’s wide-ranging fire service offering supports clients like this across the UK in ensuring their building users are adequately protected from fires. Its dry riser division has secured a string of maintenance and servicing contracts for wet risers, dry risers and sprinkler systems in recent weeks, including significant contracts for Morgan Sindall and Unite Students."
News today - note the increased scope to cover sprinkler maintenance and servicing: Http://www.ptsg.co.uk/news/electrical-services/ptsg-increases-fire-services-contract-with-liberty-living-students/ "PTSG increases fire services contract with Liberty Living Students "Premier Technical Services Group PLC (PTSG) group company, UK Dry Risers, has been contracted by Liberty Living to service and maintain sprinkler systems across all of its UK sites for the next three years. Liberty Living, a leading students’ accommodation provider, opened its first student residence in 1999, and has since grown to open sites in 21 cities across the UK and Europe. The company houses approximately 25,000 students and has 51 halls of residence across the UK. UK Dry Risers was acquired by PTSG on 4th July 2016, and has carried out the servicing and maintenance of Liberty Living’s dry risers, wet risers and fire hydrants for the past five years, developing a strong relationship with the company as a reliable and high-quality service provider. This contract has now increased to cover the servicing and maintenance of sprinkler systems across all 51 of its UK halls of residence, ensuring that the students and management teams at these sites are as safe as possible at all times. PTSG’s dry riser division is the leading installer of wet and dry risers in the UK, and also offers a comprehensive maintenance and testing service. The group’s engineers have a strong reputation for delivering work quickly and effectively, often working to short timescales to ensure that the safety of its clients’ residents or employees is never compromised."
Hopefully the news is spreading.
Http://www.ptsg.co.uk/news/electrical-services/ptsg-continues-to-keep-unite-compliant/ "PTSG continues to keep Unite compliant Premier Technical Services Group PLC (PTSG) has renewed its contract with Unite Students to carry out a range of maintenance services that will ensure its fire safety measures are always in top condition. Unite Students is the UK’s largest manager and developer of purpose-built student accommodation. The company was founded in 1991, and now provides a home for around 50,000 students across 28 leading university cities in England and Scotland. Over the next five years, PTSG will continue to attend Unite’s 140 properties across the UK to test and maintain their dry and wet risers, fire hydrants, sprinklers and sprinkler pumps. The Group also provides a multitude of other services for the accommodation company, including the testing and certification of a range of access and safety equipment. In 2015, this partnership won the ‘Partners in SME Organisations’ award at the annual Premises and Facilities Management (PFM) awards for the outstanding collaboration demonstrated by the two companies. 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. Over its 10 years of operation, PTSG has grown to become an international multi-disciplinary service provider with thousands of clients across the public, private and voluntary sectors."
Here we go, this is just the start of the fire safety testing work to be had post-Grenfell.... Http://www.ptsg.co.uk/news/electrical-services/ptsg-on-hand-for-morgan-sindall/ "PTSG on hand for Morgan Sindall Premier Technical Services Group PLC (PTSG) has successfully completed a large maintenance project for Morgan Sindall over just one weekend. Morgan Sindall is a British-based construction services business headquartered in London. It was founded in 1977, and has since grown to employ around 6,000 people across its six divisions. PTSG’s wet and dry riser maintenance division was brought in by the construction company to test 18 sites in its portfolio. This work required a quick turnaround, and the Group’s maintenance teams were able to complete all tests and inspections by the end of the very next day. The tests carried out at these sites ensure that each building is safe and compliant, and that its fire safety systems are always able to operate at their full capacity. PTSG is the leading specialist installer of wet and dry riser systems in the UK and this maintenance service forms part of its broad package of fire safety services. The Group’s wet and dry riser engineers have worked on a wide range of projects throughout the country, including prestigious contracts at the Olympic Park and Anfield Stadium."
There has been a corresponding sale Rivaldo of almost 250 grand of shares Rivaldo but the extra 50k is a good vote of confidence indeed. I think this company is worth 130p myself at least so good upside still for the director and other investors.
A subsidiary company director has bought £300,000 of shares at 116.48p and 115p..... Https://www.investegate.co.uk/premier-technical--ptsg-/rns/director-pdmr-shareholding/201707180700093095L/ That's some vote of confidence.
Hounslow Council have just issued a £4m tender for fire safety work - the first such post-Grenfell. Lots more to come. PTSG now provide exactly such services: Http://www.ptsg.co.uk/electrical-services/fire-services/ "Fire Services PTSG offer a tailored service for a range of fire prevention and suppression systems in facilities and buildings. From initial design and feasibility, through to installation, testing, replacement, maintenance and certification, PTSG provide services from a network of UK service centres including fire alarms, sprinklers, dry risers, emergency lighting and fire extinguishers." Http://www.standard.co.uk/business/hounslow-first-to-spend-on-safety-after-grenfell-a3582381.html "Hounslow’s bill comes despite it only having one 13-storey block whose cladding failed safety tests. That suggests the bill for worse-affected councils with higher towers, will run into the tens of millions, bringing windfalls for contractors. Cladding samples on more than 180 high rises across the UK so far have failed combustibility tests."
They've increased EPS forecasts by 12%, with a new price target of 165p. They now go for 8.7p EPS this year and 9.2p EPS for 2018.
This is a big and highly earnings-enhancing acquisition. Great news - and the placing at 120p is a reasonable price (and explains why the share price has been held back recently). I too just bought a few more at 121.9p - bargain :o)) The IC say Buy: Http://www.investorschronicle.co.uk/2017/07/04/shares/news-and-analysis/news-tips-xlmedia-costain-sainsbury-more-5mdeWvewXPMMkyDFdzSfOK/article.html "Shares in niche specialist services provider Premier Technical Services Group (PTSG) have risen more than 2 per cent this morning following the announcement of lightning protection company Best for a maximum consideration of £20m. The Aim-listed company will look to raise £15m through a non-pre-emptive cash placing to fund the acquisition. PTSG say the acquisition provides complementary geographic coverage, as BEST has strong operations in Scotland and the West of the UK. Lightning protection sits within PTSG’s electrical services division, which accounted for 45 per cent of overall revenues at the last full year results. Buy.
I didn't think I was going to get the chance to buy back the ones I sold at 128 either but managed to get them back a shade under 122 very gratefully, they weren't part of my core holding though
Good to hear it. Thanks. To repeat part of IC's tip from May: "PTSG founded just over a decade ago with the aim of building market-leading positions in highly specialised, high-margin niches in the facilities management market. More recently, following PTSG's 2015 float, its strategic aim has become to dominate, and not just lead, in these niches. The group works across a range of areas such as the installation and maintenance of cradles for window cleaning on high buildings, and dry risers - fire suppression systems that allow fire services to pump water into burning buildings. Its strategy has been producing strong results, with the group recently announcing its tenth consecutive year of double-digit organic growth." Given that the BEST management are going to stay with it, it sounds to me like they are buying/merging the competition.
I like it but then I am biased. I think the market will too. Looks a good value acquisition to me, I particularly like this element: "BEST has a long track record of achieving strong growth rates, with revenue increasing by 12% per annum since 2014 and profit before tax by 18% per annum over the same period. Its unaudited revenue for the year ended 5 April 2017 was £10.5m, producing an EBITDA of £2.3m and profit before tax of £2.1m. It is a highly cash generative business, achieving 104% cash conversion in 2016 and has maintained attractive EBIT margins of c.20%, in line with the PTSG group average. The unaudited net assets at 5 April 2017 were £3.2m" So, highly cash generative and bought on a p/e of x7 albeit with a further £6m over the next 3 years when no doubt growth will offset this. The placing will allow cash to be maintained on the balance sheet and facillitate continued dividend payments and possible further acquisitions I like it
... for £21m. What do you think, folks?
Nice - 28,000 shares bought yesterday afternoon at 137p, a full 2p above the published 135p offer price. Very keen indeed.
Hopefully limbering up for new highs here. Meanwhile, a contract win to supply "lightning protection, surge protection and earthing systems to a range of commercial and residential properties in" a 150 acre area in Medway: Http://www.ptsg.co.uk/news/electrical-services/ptsg-to-install-lightning-protection-at-island-community-scheme/ And PTSG are the "most nominated business" at the 2017 Facilities Management awards for the third year running: Http://www.ptsg.co.uk/news/ptsg-the-most-shortlisted-business-at-pfm-awards-2017-for-third-year-running/