Updates

Premier Technical Services - Fire safety acquisition drives growth

April 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

I’ve just come away from meeting CEO Paul Teasdale post the release of 2018 results. Helped by the two recent acquisitions performing better than expected (M&P Fire running 80% ahead of when bought and Guardian +50%), sales are up 31% to £69.1m, operating profit +40% to £14.9m and eps +22% to 11.9p.Turning to the two issues that have dogged it - share based payments and debtor days: the incentive scheme ended in 2018 and debtor days have improved by 16 days to 120 days. PTSG’s free cash flow increased by 152% year on year to £5.8m (this is after £1.5m of restructuring costs) with the underlying trading cash conversion increasing by 7 percentage points to 72%. This year will also see the first ...

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Premier Technical Services - Unprecedented demand for fire solutions (April 2018)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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