We would love to hear your thoughts about our site and services, please take our survey here.
Agreed it’s on the expensive side but the company is capacity constrained and investing heavily to scale up and increase output, so still worth paying up here although placing has in the ST been dilutive. Gervais Williams has stated he’d be devastated if this company was taken out at £15 a share which gives an indication of how highly he rates this! As for others you can see I hold FLO, PTSG, SCH and IOM. Most have been rangebound in share price but are exciting companies to be in. Premium member advantage is seeing Level 2 for live broker bid offer prices.
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 2018, which will be issued on Tuesday, 25 September 2018: "As stated at the AGM trading update in June, the Group has seen a continued strong performance in the first half of the year, driven by a marked increase in compliance and testing work, with high activity levels across all divisions. "Our contract renewal rates remain high and a number of new and significant contracts have been won during the first half of the year across our range of services, including The Department of Work and Pensions with Interserve, FirstPort, and the Ministry of Justice's new facilities management company, Government Facilities Services Ltd. The majority of these contracts range from three to five years, and range in value from £500,000 to £1m per annum, which, in addition to the existing customer base, provides excellent revenue visibility over the medium term and reinforces the Board's confidence in our organic growth plans. "The three acquisitions completed last year have been successfully integrated and are making significant contributions to the Group. Acquisitions remain a core element of our growth strategy, and at the beginning of the second half we acquired M&P Fire Protection Ltd., to further strengthen our Fire Solutions division after a period of unprecedented demand in this area. The business is performing in line with expectations and has strengthened our presence in London and the South East. "Trading momentum has continued into the first few weeks of the second half with high levels of demand from new and existing customers for essential building services, with a particular focus on regulatory compliance and testing work. As a result, the Board remains confident of delivering full year expectations and in the significant long-term growth opportunity for PTSG."
Record Group Revenue of £37.89m, up 12% on prior year (2017: £33.84m) and 17% in constant currency: o 4% increase in Polyolefin Foams supported by new USA capacity o 82% growth in High Performance Products ("HPP"), which now represents 24% (2017: 15%) of Group sales o MuCell Extrusion sales of £0.86m (2017: £1.96m) with 20% underlying growth excluding the large, one-off capital equipment sale in 2017 · Profit before tax and exceptional item up 21% to £4.60m (2017: £3.81m) · Profit before tax up 64% to £4.60m (2017: £2.81m) · Successful bank refinancing and £20.6m equity raise (before expenses) completed in May · Three major capital projects to expand capacity to support growth are on schedule · Interim dividend increased by 3.1% to 1.97 pence · The Group continues to trade in line with Board expectations
Good read, cheers. Broker Liberum expects revenues of £71.5m (+12%) in FY19, £81.0m (+13%) in FY20 and £90.2m (+11%) in FY21. With all things considered, Codemaster is expected to reach an EPS growth rate of 11% in FY20 and 12% in FY21. As a result, Broker Liberum has derived a £440 million valuation to their business which works out to c.310p per share.
Stockpedia’s Graham N covered it today, saying: We have organic revenue growth of 9%, versus total revenue growth of 66%. Lots of acquisitions.
Net debt is higher than expected, at £17.5 million, and is forecast to reduce.
The plan for the rest of the year is for synergies to be targeted ("inter-company procurement and stockholding benefits") along with some more organic growth.
I do think that if the acquisitions turn out to be handled well, with some efficiencies discovered between its new subsidiaries, things could get very interesting from a shareholder point of view.
This looks like a cheap rating for a group of niche businesses that are collectively performing well.
Stockpedia metrics as follows: PE 10.4, PEG 0.61, EPS Growth 20.5%, Yield 3.59%