Premier Technical Services

LN: PTSG

£265.2m market cap

210p last close

Premier Technical Services Group (PTSG) is an independent provider of regulated and safety related specialist building services in four divisions across the UK. It listed on AIM in February 2015 at 52p.

Investment summary

On 20 June, Premier Technical Services Group announced that it had received a cash offer of 210.1p per share (+ entitlement to receive the 0.9p FY18 final dividend) from a Macquarie Group company.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2017A 52.9 12.3 10.2 9.73 21.6 N/A
2018A 69.1 17.1 14.3 11.86 17.7 49.3
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Industry outlook

For the purposes of the Takeover Code, Edison Investment Research is deemed to be connected with Premier Technical Services Group. Under Rule 20.1 Edison must not include any profit forecast, quantified financial benefits statement, asset valuation or estimate of other figures key to the offer, except to the extent that such forecasts, statements, valuations or estimates have been published prior to the offer period (as defined in the Takeover Code) by an offeror or the offeree company (as appropriate) in accordance with the requirements of the Code. Consequently, we have removed our estimates until the offer period ends.

Last updated on 30/07/2019
Sector
Industrials
Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 1.0 183.8 7.1
Relative* (2.2) 176.6 8.3
52-week high/low 210.0p/68.0p
*% relative to local index
Key management
John Foley Chairman
Paul Teasdale CEO
Mark Watford CFO