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Good news - come on you Spurs (disclosure - I'm not a Spurs fan!): Http://www.ptsg.co.uk/news/ptsg-strikes-deal-premier-league-club/ "PTSG strikes deal with Premier League club Premier Technical Services Group PLC (PTSG) will add to the Group�s prestigious portfolio of clients by carrying out work at the new landmark stadium of a Premier League football team. Operatives from BEST will install a new lightning protection system at the new home of Tottenham Hotspur in north London, to protect visitors and building users in the event of a lightning strike. The new stadium, built on the site of the former White Hart Lane which was demolished at the end of the 2016-17 season, will have a capacity of 61,559 with a 17,500 single-tier home southern stand. etc"
The results quoted "unprecedented demand" in the Fire Services division. PTSG have just noted the following, which would add hugely to even that "unprecedented" demand: Http://www.ptsg.co.uk/news/london-assembly-report-calls-mandatory-sprinkler-installations-uk-buildings/ "London Assembly report calls for mandatory sprinkler installations in UK buildings A new report released by the London Assembly�s Planning Committee has outlined recommendations for making the installation of Automatic Fire Suppression Systems including sprinklers mandatory in all new-build residential developments above 18 metres in height. The report, called �Never Again: Sprinklers as the next step in fire safety�, has been drawn up in response to the recent Grenfell Tower tragedy, and states that �London cannot afford to ignore the deadly consequences of failing to protect its buildings from fire�. Published by the London Assembly�s Navin Shah AM, the report calls for a risk-based, phased, �road map� towards making sprinklers mandatory in all homes in England. This includes the recommendation that �Building Regulations should require all new residential buildings over 18 metres � 6 storeys � high, new care homes and sheltered housing be fitted with sprinklers immediately.� It also recommends the retrofitting of sprinklers in all existing tall buildings, care homes and sheltered housing. The London Assembly report follows Dame Judith Hackitt�s Independent Review of Building Regulations and Fire Safety, which is due to release its final report in Spring 2018. etc"
Terrific news - PTSG will provide essential maintenance services to over 800 Tesco stores, offices and distribution centres: Http://www.ptsg.co.uk/news/ptsg-store-tesco/ And PTSG has also won work at Wimbledon for the tennis - "Testing and remedial works will take place at all of the club�s existing installations": Http://www.ptsg.co.uk/news/ptsgs-aces-work-wimbledon/
Numis today reiterate their Buy and 220p target: Https://macondaily.com/2018/03/21/premier-technical-services-group-ptsg-rating-reiterated-by-numis-securities.html If there are any negatives, they're to be found in the exceptionals which include very high share option costs. These are a function of the share price rise in the last year, and frankly given the terrific job that the PTSG team are doing I can't begrudge them their rewards.
Very happy! Not too sure why the price is dropping!
Rivaldo. Wholly agree, but others must have been expecting even more as otherwise we would be rising not falling ! Will continue hold .
Outstanding results - 9.73p EPS is well ahead of Numis' forecast 8.7p EPS. Big increase in the dividend too: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PTSG/13574687.html The outlook is incredibly confident, and there are some lovely extracts.... - "in the area of fire solutions, we are experiencing astonishing demand for our services" - "Trading in 2018 has started well. We continue to review a number of acquisition opportunities and the Board is confident that the Group's positive organic revenue and profit momentum will continue throughout the year" - "We continue to see exciting opportunities for both organic and acquisitive growth for all four divisions" There are lots of other choice phrases. Very happy holder!
Looks like a big contract win at Hinkley Point C: Http://www.ptsg.co.uk/news/ptsg-supports-workers-village-hinkley-point-c-lightning-protection-contract/ "PTSG supports worker�s village at Hinkley Point C with lightning protection contract Premier Technical Services Group PLC (PTSG)�s Electrical Services division has been awarded a contract to provide installation of lightning protection at a worker�s village at Hinkley Point C Power Station. The vast workers village provides 1,496 en-suite bedrooms across 44 buildings at two key locations. It is considered to be the largest hotel-style development in Europe in over 25 years, equivalent to a three-star hotel. Specialist engineers will attend the site at Hinkley Point to install lightning protection at the 44 accommodation blocks, ensuring all systems comply with relevant safety standards and protect the buildings in the event of a strike." Along with three other new lightning protection and aerial service contracts: Http://www.ptsg.co.uk/news/pendrich-reaches-new-heights-balmoral-hotel/ Http://www.ptsg.co.uk/news/ptsg-smart-choice-lightning-protection-hollis-croft-development/ Http://www.ptsg.co.uk/news/ptsg-deliver-first-class-lightning-protection-installation-oxford-university/
Looks like a big new job for this H1 - and particularly great to see the Haymarket Theatre coming back after 10 years of disuse: Http://www.ptsg.co.uk/news/ptsg-setting-stage-roof-haymarket/ "PTSG setting the stage with a roof over the Haymarket Premier Technical Services Group PLC (PTSG) is undertaking a project that will enable the Haymarket Theatre in Leicester to reopen for use after over a decade. PTSG�s Electrical Services division has been contracted by the Haymarket Consortium to deliver the work which is part of an extensive refurbishment. The Group�s specialists have removed the existing roof system at the venue to provide a new roof covering and the installation of edge protection and lightning protection systems. The team will also issue a Pass certificate of compliance. The new system will maintain the building�s safety and structural integrity in the event of a lightning strike. Originally opened in 1973, the Haymarket Theatre is undergoing an extensive refurbishment, with 800 new seats and new sound and lighting systems being installed. The updated site will house a caf�/bar as well as modernised foyer and entrance areas. Doors are set to re-open to audiences in Spring 2018. PTSG Electrical Services provides lightning protection design, installation, inspection, test and maintenance, as well as PAT, fixed wire test and repair and emergency lighting testing. With more than two centuries of collective experience in designing, supplying and installing lightning protection and earthing systems, PTSG�s team brings a tremendous amount of knowledge and expertise to any project." And another new contract: Http://www.ptsg.co.uk/news/protecting-newburys-historic-landmark/ "Protecting Newbury�s historic landmark Premier Technical Services Group PLC (PTSG) has completed the upgrade of essential safety equipment to Newbury Town Council�s historic headquarters. etc"
Thanks for the updates mate, you are all over this! I think when the results come out next month 'slightly ahead' the sp should hit the previous high, if not 5-15p more
Fire protection work is rolling in: Http://www.ptsg.co.uk/news/ptsg-awarded-jumbo-fire-protection-contract-elephant-park/ "PTSG awarded �jumbo� fire protection contract at Elephant Park Premier Technical Services Group PLC (PTSG) has been awarded a contract to provide an installation of fire protection systems at a large housing and regeneration scheme in central London. Elephant Park is a major mixed-use development that will create almost 2,500 new homes and the largest new park in central London for 70 years. The first part of the park is already open, and work is currently progressing on the next three phases of the development which will also provide around 50 new shops, restaurants and cafes. PTSG�s Fire Solutions Division will deploy a team of highly-trained engineers to install sprinkler systems to the site�s community hub building, and will also install a water supply to the landlord areas of the development as part of the project�s tenant fit-out. PTSG Fire Solutions offers a tailored service for the installation and maintenance of wet risers, dry risers and sprinkler systems, emergency lighting and fire extinguisher services. The division has recently been awarded several other fire protection schemes at new property developments, including Royal Arsenal Riverside in Woolwich and Salford�s MediaCityUK."
Http://www.ptsg.co.uk/news/access-safety/ptsgs-integral-cradles-secures-access-solution-contract-sugar-quay/ "PTSG�s Integral Cradles secures access solution contract at Sugar Quay Premier Technical Services Group PLC (PTSG)�s specialist cradle installation business has secured an order to provide a specialist access solution for refurbishment works at a new development in the City of London. Sugar Quay sits on a prestigious direct riverside location on the north bank of the River Thames besides the Tower of London. The former office block is being replaced with a contemporary mixed-use scheme, including 165 private residential apartments; studios, 1, 2 and 3-bedroom apartments. Integral Cradles, acquired by PTSG in October 2015, has been awarded a contract to provide a bespoke access solution for glass replacement and cleaning projects at the scheme. The project will be delivered to an accelerated programme and is set to be completed during 2018." Http://www.ptsg.co.uk/news/ptsg-secures-ppm-contact-with-nottingham-university-nhs-trust/ "PTSG secures PPM contact with Nottingham University NHS Trust Premier Technical Services Group PLC (PTSG) has been awarded a contract to provide planned preventative maintenance (PPM) services across the Nottingham University NHS Trust. The work will see specialist engineers from PTSG�s Electrical Services division providing PPM services that include lightning protection and earthing disciplines at a number of sites for the trust, which is based in the heart of Nottingham. Nottingham University NHS Trust sites include the Queen�s Medical Centre, which houses a major trauma centre, Nottingham Children�s Hospital and the University of Nottingham�s School of Nursing and Medical School, as well as Nottingham City Hospital and Ropewalk House." http://www.ptsg.co.uk/news/ptsg-awarded-contract-to-protect-residences-at-new-edinburgh-development/ http://www.ptsg.co.uk/news/ptsgs-integral-cradles-gains-access-to-the-quay-club/ http://www.ptsg.co.uk/news/a-sky-scraping-access-solution-at-one-blackfriars/
I don't think it's anything to worry about, just a little more liquidity knocking about now and the whole stock market having a correction. I also topped up but it raised my average as I'm pretty confident there is going to be a nice rise coming up imo
ideas why the big downturn today ? At least it allows me the opportunity to average down.
News today of "one of PTSG�s biggest lighting protection schemes to date" - and certainly highly prestigious: Http://www.ptsg.co.uk/news/ptsg-secures-lightning-protection-contract-at-battersea-power-station/ "PTSG secures lightning protection contract at Battersea Power Station Premier Technical Services Group PLC (PTSG) has secured an order to provide lightning protection system installation at Phase two of a development project at Battersea Power Station. Specialist engineers from PTSG�s Electrical Services division will attend the power station to provide a new lightning protection system to the existing power station structure. The new system will keep building users protected in the event of a lightning strike. The Phase two installation is one of PTSG�s biggest lighting protection schemes to date and as such will require regular weekly attendances from both management and engineers to ensure the client receives the high level of service that is synonymous with the division�s work. As part of an extensive redevelopment, the Grade II* listed Battersea Power Station and surrounding area is being brought back to life as a mixed-use neighbourhood. The first phase of the scheme consisted of 12 high rise residential blocks to the west of the 39-acre site. Phase two of the development includes new retail space adjacent to the power station�s two turbine halls, as well as commercial office space and residential apartments. Last year PTSG�s engineers completed the lightning protection installation on the Battersea Power Station Phase one project, which commenced in March 2014. The Group has also recently secured contracts to perform several installations at residential and commercial developments in London and the South-east."
there is a lot to be aimed for it the Government and LA's are forced to comply: Three out of the 160 social housing towers identified as dangerous following the Grenfell Tower fire have been reclad with safer materials. Figures released by the Ministry of Housing, Communities and Local Government show that the number of council and private blocks over 18m high in England found to be wrapped in similar combustible plastic-filled cladding has increased to 312. A total of 299 are likely to be in breach of building regulations on fire safety. Just over 100 towers which are home to tenants who rent from councils and registered social landlords have not had any combustible cladding removed, despite panels failing tests. LGA Chairman, Lord Porter, said landlords needed �urgent clarity about how they should be replacing materials on their high-rise blocks�. Lord Porter said the Government must �meet the unexpected exceptional costs� from the major remedial works. PTSG's sprinklers would be just the ticket.
Encouraging to see PTSG winning work outside the UK now via this hospital in Gibraltar and elsewhere: Http://www.ptsg.co.uk/news/ptsg-strengthens-partnership-in-gibraltar-with-rooftop-installation/ Extract: "In recent years, PTSG has increased its delivery of work outside the UK, completing projects at many unique sites and in the process building partnerships with some prestigious international clients. As well as St Bernard�s Hospital the Group has an ongoing partnership with Iraqi telecoms provider FastIraq, delivering remedial and repair works via rope access. The company also currently delivers remedial works to roof and chimney structures in the Caribbean for Barbados�s sole electricity utility provider, Barbados Light and Power." Also a renewal contract for fall arrest systems nationwide at Morrisons: Http://www.ptsg.co.uk/news/ptsg-renews-fall-arrest-contract-with-morrisons/ and impressively, a new contract at 100 buildings for the Department of Work and Pensions: Http://www.ptsg.co.uk/news/ptsg-returns-to-work-for-dwp-with-fall-arrest-contract-renewal/ "Premier Technical Services Group PLC (PTSG) has received an order to provide fall arrest testing services for the Department of Work and Pensions (DWP). Operatives from PTSG�s specialist Access and Safety division will attend more than 100 buildings currently used by the DWP, to provide testing, inspections, refurbishment and replacement of existing fall arrest equipment, including guard rails, fixed ladders, anchor points and abseil bolts. The equipment is installed to provide protection to anyone carrying out high-level works at the sites."
and Paul Scott was spot on with his recent comments from the trading update: "Overall, it looks interesting, and if things continue to go well, I imagine Directors might reduce their shareholdings in secondary placings. This is likely to be a stock that institutions may want to buy, and the only source of stock would be from the Directors. It would be good to see liquidity improve, as it's a thinly traded share, due to the concentrated shareholdings shown above." full comments here but requires subscription to Stockopedia https://www.stockopedia.com/content/small-cap-value-report-tue-16-jan-2018-vanl-igr-ptsg-gym-jd-wand-idp-298633/
Great news that these shares were placed at 202.5p - essentially around the all-time highs! Https://www.investegate.co.uk/premier-technical--ptsg-/rns/director-pdmr-shareholding/201801190700053210C/ It's only a small percentage of the vendors' holdings, but it's natural they'd want to reduce at some stage from the almost 40% they own between them. More importantly, this increases liquidity and shows good institutional appetite for the shares. Evidently the story is beginning to be appreciated in the City.
Nice start today - and yet more contract news. Four new lightning protection contracts, plus most importantly, fire protection systems installations at 221 plots in a regeneration project in Lewisham: Http://www.ptsg.co.uk/news/ptsg-provides-safe-harbour-with-wharves-deptford-contract/ "PTSG provides safe harbour with Wharves Deptford contract Premier Technical Services Group PLC (PTSG) has secured a contract to provide fire protection installations at a regeneration scheme in Deptford, South-east London. The Wharves Deptford site in Lewisham was historically a series of warehouse buildings clustered around the Grand Surrey Canal, which ran through the centre of the site. It is undergoing a residential-led mixed use regeneration project, consisting of 1,130 homes, retail and workspace. Specialist engineers from PTSG�s dedicated Fire Solutions division will attend the site to install sprinkler systems to 221 plots around the buildings. They will also install dry riser systems to five blocks at the scheme, which will supply the buildings with water in the event of a fire. PTSG Fire Solutions offers a comprehensive fire protection service comprising the installation and maintenance of wet risers, dry risers and sprinkler systems, emergency lighting and fire extinguisher services. The Group has recently delivered installations of sprinkler systems to several high-profile residential developments, including Royal Arsenal Riverside in Woolwich and One Regent Road in Manchester." PTSG to keep residents protected at Waltham Forest housing scheme Http://www.ptsg.co.uk/news/ptsg-to-keep-residents-protected-at-waltham-forest-housing-scheme/ PTSG to install new lightning protection system at Westminster City Hall Http://www.ptsg.co.uk/news/ptsg-to-install-new-lightning-protection-system-at-westminster-city-hall/ PTSG provides a signal of safety at The Beacon Http://www.ptsg.co.uk/news/ptsg-provides-a-signal-of-safety-at-the-beacon/ PTSG holds the Quays at Royal Docks development scheme Http://www.ptsg.co.uk/news/ptsg-holds-the-quays-at-royal-docks-development-scheme/
Don't tease haha
EPS December 2016 2.16p Share price when announced in March circa �1.00. Projected 2017 EPS 10.8p (Glaws2 post). Current share price �1.90. Could this price double when the results are published in March which would be inline with the EPS/Share price?
Numis have increased their target price to 220p (from 205p) and say Buy: Http://investing.thisismoney.co.uk/broker-views/
how the hell the SP hasn't caught fire today??? Ok it is up 4.6% but I have had shares where it says performance is materially weighted towards the second half and the shares can half. Yet a 2018 materially ahead statement hardly moves the needle. It must be a day to bury good news is all I can think of..
Peanuts