Tclarke Share Discussion Threads

[igoe104] 02/6/2017 14:30

I wouldn't worry about day to day trading. chill out have a beer or two, vote conservative next week, and this time next year, this this will be at least £1.30 a share.

[cc2014] 02/6/2017 13:15

Activity in the UK construction sector expanded at its fastest rate in 17 months in May, boosted by a surprise rebound in homebuilding, a survey says.
The Markit/CIPS construction purchasing managers' index rose to 56 from 53.1, its highest level since December 2015. A figure above 50 indicates expansion.
Builders also hired more workers and ordered more supplies to deal with an increase in new projects.

The latest Markit/CIPS construction reading was still much weaker than the post-crisis high of 64.6 seen in January 2014.
However, the survey found there had been solid rises across the whole sector in May, including in civil engineering and commercial building.
Input prices for construction firms also rose at the slowest pace for seven months, despite the prolonged weakness of the pound.

Hmm - so all looking good especially the comment around input price inflation

[cc2014] 02/6/2017 13:06

Sometimes it's hard to be patient. Buyers slowly continuing to come at 89.5 and 90.0 for which the MM are demanding the full ask.

I think the last trade of 3 shares at 88.25 says it all. One of the market makers wants it to look like the share price has fallen presumably in order to encourage more selling.

I expect it will wake up in the last hour of the day

[cc2014] 01/6/2017 12:44

Buyers nibbling away at 90 today but no real conviction.

[cc2014] 31/5/2017 19:51

Just taken a closer look at today's trades.

A 75k delayed NT trade at 90.16 timed at 16:11
A 15k delayed buy at 88.58
A 25k delayed buy at 89.63 (which is why the price didn't move on your 20k sell basem1)

[cc2014] 31/5/2017 19:42

Can't blame anyone for banking £400. Interestingly despite your and later sales the sales price held at 89 at the end of the day.

It is interesting just how many shares are being traded through at around this 90 area. I guess there's a bit of uncertainty around the election compared with a couple of days ago, the mortgage lending figures aren't great (but aren't poor either - not that mortgage lending has much to do with CTO's business model).

So, another set of weak holders sold out. I suspect we are stuck here until after the election.

[basem1] 31/5/2017 15:11

Took my £410 profit on the 20000. Still have a large core holding.

[interceptor2] 31/5/2017 13:51

Surprised to see the dip earlier after such a strong AGM statement last month. But the resistance level at 90p still seems to have some stales bulls waiting to sell out at breakeven.

As far as I am aware the strong AGM update hasn't been picked up yet by any tip sheets, it might just need that to attract more buyers to overwhelm the sellers?

[cc2014] 31/5/2017 13:07

What to say. I'm not sure. Clear buying of the dip below 90p and a few more weak sellers gone replaced with others who hopefully are happy to hold long term.
I suspect we will be back where we started by the end of the day

[basem1] 31/5/2017 12:41

We now have more bought than sold on the day, still a bargain below 90p.

[rivaldo] 31/5/2017 12:31

Great timing basem - hopefully that's the last such shakeout before CTO achieves new highs, particularly given the terrific trading update only 3 weeks ago:



"Our confidence for the medium term is underpinned by this ability to secure significant projects in the markets where we operate. As a result of new project wins our replenished order book has for the first time surpassed £400 million and as at the 30th April stood at £402 million an increase of 22% since the beginning of the year.

As a result of the strengthening order book and based upon current project programmes we expect revenues and profits for 2017 to be ahead of current market expectations, which are revenues of £300 million, underlying profit before tax of £6.1 million and underlying EPS of 11.3p."

[opodio] 31/5/2017 11:41

Brave. id wait until they have the profit warning

[basem1] 31/5/2017 11:41

Well I've taken another 20000 at 86.51p

[opodio] 31/5/2017 11:38

My take is that there are too many competing firms competing for the same businesses. Margins will continue to be tight. Skill shortages if they happen mean labour cost increases for the firms, not necessarily company profitability.

Legacy legal issues may be in the past, but they do tend to crop up on a regular basis to be an extra expense. Don't forget the cost over runs on contracts, All must come into future calculations of appropriate p/e.

Yes the last section to any casual observer reads as harsh, but it is used as a wake up call to investors to one key point, namely that investors could invest almost in any other sector with better margins and less cyclical risk.


Heading for 60p or worse if they have a problem. This has had too many.

[cc2014] 31/5/2017 11:34

lol -spoke too soon. Run of sells this morning for no particular reason.
Let's see what happens on this dip. MM shaking the tree?

[cc2014] 31/5/2017 09:23

Yeah - still a few sellers going through at 90 but they've had plenty of time now and don't expect there are many left.
One piece of company news, something good for the sector or just a really good day on FTSE should see us leave this 90 area

[basem1] 31/5/2017 08:45

Forming a base at 90p ??

[its the oxman] 26/5/2017 18:30

Pressure building for a push through 100p. Just a matter of time now.

[tuscan4] 26/5/2017 13:18

I paid 90.45 this morning. With a target fair value price of 125p to 150p it is not worth worrying about a few decimal places IMHO

[basem1] 26/5/2017 13:10

Oooooh a nice 25000 buy too. I tried for a few more at 89.5 but nothing doing.

[basem1] 26/5/2017 12:31

Just topped up another 15000 at 89.5p Gift horse territory

[johnv] 25/5/2017 16:05

He only gave this a passing mention last time, so it could have a full main write up this time