Good morning!
Today we have a bombshell offer for Premier Technical Services (LON:PTSG) at 210.1p. The stock closed last night at 87p.
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Premier Technical Services (LON:PTSG)
Share price: 205p (+136%)No. of shares: 126 millionMarket cap: £259 millionRecommended Cash Acquisition
PTSG has been covered very recently in this report.
According to the archives, most of the commentary around these parts has been thanks to Paul. I’ve not said too much about it, though like Paul I’ve been sceptical:
March 2017 (107p) – saw a lot of complexity in the accounts, and negative net tangible assets. Thought that the company had a lot to prove to justify a high earnings multiple.7 Aug 2017 (144p) – wary of valuation relative to the quality of the business. 21 Feb 2019 (119.5p) – explained that it…
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