Tclarke Share Discussion Threads

[tuscan4] 06/2/2017 16:24

Hate to show my ignorance but who/what is Scsw and what exactly did they say?

[cg8riverside] 06/2/2017 13:59

Haha fancy seeing you here Rivaldo. Enjoy reading your posts on my other holdings XLM & PAYS. I'm in here aswell as of this morning. Looks like a good entry point, more upside to come hopefully! GLA

[essential] 06/2/2017 13:52

Bought into these today - been watching as technically looking strong and high scoring in Stockopedia. Scsw tip confirmed it for me.

[rivaldo] 06/2/2017 13:49

I bought some of these for the first time ever this morning, having been on my watchlist for some years.

Hopefully my timing is good :o))

Looks extremely cheap imho assuming stable markets.

[cwa1] 06/2/2017 11:28

Too much information ONJohn :-)

[cwa1] 06/2/2017 08:36

Much obliged, thanks. Can anyone post a brief, copyright sensitive, precis of what they said?

[cwa1] 06/2/2017 08:30

Ah, by whom if I may ask? Thanks

[cwa1] 06/2/2017 08:27

SP looking marginally less depressed today than Friday. Any reason(weekend tip?), or just a slow realisation that the update was actually pretty decent and that it looks reasonably good value?

[bazzer1000] 04/2/2017 17:03

Anyway, speaking to a couple of Clarke Employees ( facilities management) they recon they were as busy as ever.

[bazzer1000] 04/2/2017 17:01

You may be right re Robson, Oct rns refers to funds "misappropriated by an employee over a number of years" I guess he's been MD of DGR from start and CTO acquired them in 2010.

[muckshifter] 04/2/2017 09:57

Yes, he left at the end of March 16 and had reduced his holding to below the notifiable percentage within a couple of weeks, but I'm not sure if he could avoid making further share sales public as a significant ex director, or what could be done about it if he failed to follow the rules.

However, the most interesting thing would be what happened to the approx £1.25m that he would have received from sale of his 1,452,900 shares - if he is the person the company is trying to get recompense from.

[bazzer1000] 04/2/2017 08:44

Ok got it.Thanks EF. The announcement he resigned is in the final results .Cheersb

[effortless cool] 04/2/2017 08:23

8/10/14: Danny Robson, MD of DGR subsidiary, to be appointed to the board
21/3/16: Danny Robson resigns from CTO to 'pursue other business interests'
31/10/16: Announcement that 'financial irregularities' have been uncovered in DGR

[bazzer1000] 04/2/2017 08:11

hi muckshifterl dont follow you're post? Who are you referring to? Cheersbaz

[muckshifter] 03/2/2017 15:53

I suspect that he sold out completely long before the fraud came to light. He had sold enough to get below the need to notify changes in his holdings within two weeks of leaving the company, iirc.

Now whether that means that it's him being pursued for the lost cash, or whether he became aware that fraud had occurred under his watch and abandoned ship before the brown stuff hit the fan, to obtain the prevailing price for his large shareholding, before the bad news came out, we may never know. But I can't believe that his abrupt departure was completely unrelated to the fraud discovery.

[ivancampo] 03/2/2017 14:54

Working through the historical overhang imo maybe Danny Robsons final tranche? Great entry point here.

[cwa1] 03/2/2017 08:17

Morning All

After a very long absence I'm back aboard the CTO train. I was impressed by the bullish tone-and content-of the recent trading update. I was tempted to get some on the day of the update but the price, probably rightly, nibbled up-so I decided to wait a bit.

I put a few on the order book this morning at 68.5p to see if there were any takers. Imagine my surprise when they were snapped up just a few minutes later! Not sure whether to be happy I've go them for what seems a reasonable price, or worried that I've barged in too early and paid too much as there are loose holders about and could have got them cheaper!

Oh well, time will tell. Good fortune to all holders regardless.

[cc2014] 28/1/2017 15:20

"Profits for the year are expected to be in line with market expectations after reflecting the full impact of the accounting adjustment for the fraud in the period, other than the provision for related professional costs referred to above. Legal proceedings to recover the misappropriated funds are ongoing."

So, current expectations = £4.24m. Add £2.2m, less £0.4m gives an underlying profit for this year of £6.04m

And thus for 2017 £6.44m if no margin improvement or no contribution from the increase of 10% in the order book.

So, for 2017 £7.5m looks conservatively do-able, perhaps £9m? which makes the P/E number look low even with the pension deficit. I trust an analyst upgrade will follow which should kick the price higher still

I note the £400k is a provision - they haven't necessarily spent that much (yet).

[sspurt] 27/1/2017 20:42

Been out all day - have I missed something?

[flagon] 27/1/2017 09:37

So for 2017 the board expects to exceed expectations. From DL this morning those expectations were for £5.1M PTP and EPS of 9.55p ... a 10% improvement in those would equate to earnings of 10.5p for a PE of 7.14 at the current offer of 75p.

The company must have clear visibility in earnings given its financial calendar year end date to be able to guide higher after just 27 days into the new year.

Onwards and upwards.

[tuscan4] 27/1/2017 09:31

Must be on target for £7m pre tax pre exceptionals , or 14p per share EPS. Excluding say £5m of their own cash P/E is c 4.5.
Fraud costs seem to be lower. Would they have spent £400000 on legal costs unless they felt they had a good chance of some recovery?
This is cheap IMHO up to 90p and should go to well over 100p all other things being equal.

[cc2014] 27/1/2017 09:07

Imho I see no reason why on an immediate basis it should run back to within 10-15% of the pre-referendum highs which is were most of the builders are. This is based on charts alone.

If you consider the improvement in underlying position this should warrant a price higher than the pre-referendum high of around 90.

I suggest it may take a couple of months to get there as quite a lot of volume has gone through lower down and some will want to take profits along the way.

I am happy to be patient