PTSG’s AGM statement this morning highlights a positive first half performance with record sales year to date, particularly in the installation businesses. Trading and cash flows are in line with expectations. In its first year as a public company, PTSG exceeded expectations. We continue to see scope for outperformance, through organic contract momentum and a return to the acquisition trail after a period of consolidation in H1. In our view, the growth trajectory (PBT +42% in FY16E) is not refle ....
20 Jun 2016
N+1 Singer - Premier Technical Services Group - Trading in line; contract momentum continues
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N+1 Singer - Premier Technical Services Group - Trading in line; contract momentum continues
Premier Technical Services Group (PTSG:LON) | 0 0 (-0.5%) | Mkt Cap: 170.1m
- Published:
20 Jun 2016 -
Author:
James Tetley -
Pages:
6
PTSG’s AGM statement this morning highlights a positive first half performance with record sales year to date, particularly in the installation businesses. Trading and cash flows are in line with expectations. In its first year as a public company, PTSG exceeded expectations. We continue to see scope for outperformance, through organic contract momentum and a return to the acquisition trail after a period of consolidation in H1. In our view, the growth trajectory (PBT +42% in FY16E) is not refle ....