Tclarke Share Discussion Threads

[battlebus2] 17/11/2014 17:12

Great to see your invested here Scottishfield, i'm optimistic management will have learnt over the last contract disputes and will see those multi million contracts to a satisfactory outcome.

[scottishfield] 17/11/2014 16:59

joined you guys here over last few days, looks good for growth & inc.

[battlebus2] 17/11/2014 16:21

I think the chart shows we have a long way to climb to return to the levels pre the July fall.

[a0148009] 17/11/2014 11:47

Pathetic - £880 - tells me he is a make weight, no confidence in the business, reluctant buyer and probably a poodle of the Executive Directors.

I am very wary of this management team they have always flattered to deceive, regularly being surprised and accident prone - the long term chart tells the story.

AO

[battlebus2] 14/11/2014 18:42

We know that cc2014, he could have bought a few more is all we're saying but as i say i suppose it's a start.

[cc2014] 14/11/2014 18:27

Share purchase was required as part of appointment as non-exec

[battlebus2] 14/11/2014 17:41

I suppose he needs to save for the Mrs Christmas box :))

[owenski] 14/11/2014 17:39

Not exactly a vote of commitment

[battlebus2] 14/11/2014 17:37

2000 shares ,a start i suppose....

TClarke plc ("the Company") has today received notification that Mr Tony Giddings, a Non-Executive Director of the Company, purchased 2,000 ordinary shares of 10p each in the Company ("Shares") at 44 pence per share on 30(th) October 2014. This purchase was undertaken in order to comply with the company's articles on minimum shareholding requirements for board members.

Following this transaction Mr Giddings now has beneficial interests in 2,000 Shares. This amounts to less than 0.1% of the total issued share capital of the Company.

[battlebus2] 14/11/2014 10:49

Continuing to rise this morning, if that's worth a lol!

[hvs] 13/11/2014 13:24

lol !!!!!

lol !!!!!!

[cc2014] 13/11/2014 13:22

Very pleased to see this morning's statement. I've been quietly picking these up over the last few months and had terrible trouble this and last week getting hold of any stock at 43p and below. Clearly those in the know started buying a few days before the news.

Pleased to say I'm very nearly at my breakeven now and will be continuing to hold for some considerable time as originally planned.

[battlebus2] 13/11/2014 12:13

Speedsgh...hxxp://www.tclarke.co.uk/images/uploads/documents/TCK-Interim-Report_2014.pdf
Building services group T Clarke PLC Tuesday halved its interim dividend, as it continues to be affected by legal and contractual issues and the slow uptake of schemes in its largest operating division.
The company posted pretax profit of GBP200,000 for the six months ended June 30, down from GBP800,000 a year earlier, as revenue fell to GBP109.8 million from GBP114.7 million.
T Clarke shares were quoted down 20% at 52.44 pence Tuesday morning, having hit a 52-week low of 42.75p in early trade.
The London-based firm has been beset by legal and contractual woes in recent times which have taken its toll on the business.
- See more at: hxxp://www.morningstar.co.uk/uk/news/AN_1407229422783819100/t-clarke-shares-hit-52-week-low-as-it-slashes-interim-dividend.aspx#sthash.hDRQeeF0.dpuf

[speedsgh] 13/11/2014 11:55

ridicule - Thanks for the background info. Still doing my DD here so it is very useful. Is there reference to the reasons behind the 'one off' cut in any of the company's announcements? TIA

[ridicule] 13/11/2014 11:33

speedsgh When the dividend was cut it was done specifically to cover the 'one off' £600k settlement payment arising from the disputes last business year. It was not cut because dividend cover could not be met or because of a long term decline in the Company business performance. While one cannot be certain, I expect the dividend to be restored asap because the Directors have shares and their interests are aligned with all the shareholders.

[battlebus2] 13/11/2014 11:31

Hi speedsgh, thanks for pulling me up on that, nothing is for certain but i would hope they maintain it for the most part, even if they cut it by 50% which would at worst be around 3% and as you say growing to 6% at todays share price.

[speedsgh] 13/11/2014 10:59

bbus - Historical yield is 6%+ but how confident are you of it being maintained? The interim was cut by 50% to 0.50p.

"The Board remains confident about the future prospects for the business but at this stage is proposing an interim dividend 0.5p (2013: 1.0p)."

Outlook is certainly looking rosier than for a long time but I wouldn't be surprised to see the full year dividend 're-based' + then start to grow again from there.

Interestingly Digital Look are still forecasting a full year dividend of 3.10p (2013: 3.10p) but not sure how much you can read into that.

[battlebus2] 13/11/2014 10:44

The dividend is still over 6% which is a big bonus for income seekers.

[cockerhoop] 13/11/2014 09:13

Goliard,

I agree it's slightly ambiguous but I take it to mean in this context:

The term "tight market" may also refer to a physical market where supply is constrained in the face of high demand, resulting in higher prices for the product or service.

Recent guidance has been more positive in terms of margin imo.

[ridicule] 13/11/2014 09:09

With only just over 40 million shares in issue. This can motor quite quickly back towards the 70+p region as management put the recent issues behind them. We went into auction after 11 minutes of market trading this morning reinforcing how tight the shares are to obtain when buying interest increases.

[colin12345678] 13/11/2014 08:22

TIDMCTO

RNS Number : 8929W

Clarke(T.) PLC

13 November 2014

TCLARKE UNVEILS GBP75M OF PROJECT WINS IN LONDON

The Board of TClarke plc, the Building Services Group ("the Group"), is delighted to announce important project wins in London.

As part of our announcement on the 8(th) October we stated that several high value projects were in the latter stages of negotiation; we can now confirm that the Group will be providing engineering and installation services for several substantial new projects in the capital that will deliver combined revenues in excess of GBP75m. The projects demonstrate the group's strong reputation in the capital's construction market. The projects include.

-- Beaufort Park, Hendon, Residentialblocks comprising of 240 1, 2 and 3 bedroom apartments and penthouses for St George part of the Berkeley Group. This thriving development has been designed to create a landmark destination in which residents can enjoy exclusive facilities and the atmosphere of beautifully landscaped gardens and courtyards.

-- London Wall Place, a 500,000 square feet commercial development designed by MAKE, delivering two landmark office buildings and an extensive landscaped public realm. The regeneration of this section of London Wall will bring renewed vibrancy to one of London's most important districts. The Principal Contractor for the scheme is Brookfield Multiplex.

-- One Angel Court, a Stanhope development for the replacement of a 1970's building in the Bank Conservation Area in the heart of the City of London. The Fletcher Priest scheme will provide 280,000 square feet of high quality office accommodation over 24 levels. The tower floors have spectacular and uninterrupted views of the City, River Thames and the West End. The Principal Contractor for the scheme is MACE.

-- Principal Place, Bishopsgate. An impressive 15-storey, 600,000 square feet office building with multiple roof terraces offering views across London together with a brand new public piazza comprising half an acre of public realm and an events space. There will be more than 20,000 square feet of retail space, including cafés and restaurants. The Principal Contractor for the scheme is Brookfield Multiplex.

-- Rathbone Square, The Great Portland Estates' development comprising of2.3 acres in London's West End between Rathbone Place and Newman Street. The mixed use scheme will include a new public square and 412,000 square feet of high quality offices, retail space and residential apartments. The Principal Contractor for the scheme is Lend Lease.

These new business wins, all of which are committed projects, are significant in their value and underpin the confidence which we see returning to our markets. These contracts add to previously reported project wins which included

-- Bank Underground Station Capacity Project
-- Bloomberg London
-- Mizuho Bank, London
-- Project Nova, Victoria
-- Romford ROC (Rail Operating Centre)
-- Selfridges
-- South Bank Tower
-- Tate Gallery
-- Victoria Underground Station Upgrade

Mark Lawrence CEO commented:

" This reinforces our very strong position in the London market. As the market tightens, clients are keen to secure the best teams to work on their projects. We are delighted that our long-standing reputation for delivering exceptional quality services has been rewarded with being selected for some of the most significant projects in London.

Our in-house engineering expertise and directly employed skilled resources are paramount to our clients and I am pleased that our collaborative approach and attention to detail have been recognised as we look forward to commencing our onsite activities on these projects next year."

Ends

Date 13(th) November 2014

For further information contact:

[cockerhoop] 13/11/2014 08:17

Especially liked the 'tight market' line which suggests its revenue at good margins. Order book now at all time highs.