PTSG has announced the acquisition of Trinity Fire and Security Systems along with a brief trading update noting that FY18 ended in line with management expectations. Trinity brings in a scale presence in electrical/ electronic systems, while its expertise complements PTSG’s existing Fire Solutions capabilities and expands the combined service offer. We have increased our earnings estimates by c 10% and, on this basis, the stock is trading on FY19 multiples of 11.3x P/E and 8.7x EV
23 Jan 2019
Premier Technical Services Group - Trinity acquisition enhances earnings by c 10%
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Premier Technical Services Group - Trinity acquisition enhances earnings by c 10%
Premier Technical Services Group (PTSG:LON) | 0 0 (-0.5%) | Mkt Cap: 170.1m
- Published:
23 Jan 2019 -
Author:
Toby Thorrington -
Pages:
3
PTSG has announced the acquisition of Trinity Fire and Security Systems along with a brief trading update noting that FY18 ended in line with management expectations. Trinity brings in a scale presence in electrical/ electronic systems, while its expertise complements PTSG’s existing Fire Solutions capabilities and expands the combined service offer. We have increased our earnings estimates by c 10% and, on this basis, the stock is trading on FY19 multiples of 11.3x P/E and 8.7x EV