Updates

Premier Technical Services - 10% upgrade to forecasts

February 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.

There was another upgrade after PTSG bought Trinity Fire & Security. Established 22 years ago, Exeter-based Trinity specialises in testing, maintenance and installation of fire and security systems. PTSG is paying £10.8m in cash upfront plus up to £5m based on performance over the next two years. It therefore doubles the existing Fire Solutions offering (sprinklers and dry and wet risers) and takes it into fire detection and alarms and some security related services.Trinity’s revenue run rate is c.£40m of which c.£24m is recurring from its maintenance base of 8,500 contracts, generating EBITDA of c.£2.2m. Trinity has c.£3.1m of cash so is bought on c.6.2x operating profit and ...

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Pets at Home

Dunelm - Shares soar to 52-week high

Premier Technical Services - Bid at 141% premium from Macquarie (July 2019)

Premier Technical Services - Fire safety acquisition drives growth (April 2019)

Premier Technical Services - Buys Guardian Electrical; 9% eps upgrade (November 2018)

Premier Technical Services (August 2018)

Premier Technical Services - Firing on all cylinders (July 2018)

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

Premier Technical Services - New issue with an impressive track record of growth (April 2015)

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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