Tclarke Share Discussion Threads

[cfro] 19/7/2017 09:20

Good news from MGNS today. Encouraging to see many construction companies trading strongly with the only exception of CLLN.

All bodes well for CTO

[its the oxman] 18/7/2017 13:01

Added a few here in the hope they motor over the results. Kind of feel they should break 100p but also thought they would be significantly higher than they are already and been wrong on that.

[rivaldo] 18/7/2017 10:34

N+1 Singer note that CTO are presenting investment roadshows on both 24th July and 8th August. Good news.

[tuscan4] 17/7/2017 13:08

Another piece of the jigsaw in place.

[cc2014] 17/7/2017 12:15

V frustrating but shows u how irrational the market can be sometimes. Market can't keep on ignoring good news forever and I guess a few are happy to flip for a few pence

[its the oxman] 17/7/2017 11:53

Hard to believe it was good news we had today.

[jaf111] 17/7/2017 09:49

Good news of course but no mention of the extra legal costs etc that have surely been incurred......past cases suggest that these can be significant.....

[rivaldo] 17/7/2017 09:45

N+1 Singer have left forecasts unchanged, but hadn't assumed any recovery at all, so expected the share price to rise by around 3p-3.5p today....hope they're right :o))

"Clarke has reached an out of court settlement for the recovery of £1.43m (by 31st December 2017) in relation to the financial irregularities identified within its subsidiary, DG Robson Mechanical Services Ltd (DGR). This represents approximately half the £2.8m identified as having been misappropriated within the original announcement of 31st October 2016. T Clarke continues to pursue other third parties in order to recover the balance of the misappropriated funds.

We had prudently assumed no recovery in our forecasts and therefore consider this positive news this morning and expect to update our forecasts alongside the interims on 8th August. £1.4m represents c.4% of the current market cap and we would therefore expect the shares to respond accordingly."

[interceptor2] 17/7/2017 07:58

Good news indeed with half of the misappropriated funds to be recovered by year end, hopefully bodes well that they will recover more.

[cfro] 17/7/2017 07:43

Yes, welcome news indeed. £1.43m is pretty useful.

[its the oxman] 17/7/2017 07:41

An unexpected but welcome bonus.

[rivaldo] 17/7/2017 07:11

Good news - £1.43m more cash to come in following stage one of the fraud monies recovery, with more hopefully to come:



Which is actually pretty material in respect of a £35m m/cap.

[cc2014] 14/7/2017 10:57

Ok - so I'm going to cautiously say that the seller has stopped. Last time I wrote this it took about an hour to get proved wrong. The bid does seem to be ticking up very slowly.

This is interesting:


My comments on the NMD thread where my trade on that one is going fantastic. Hoping CTO will follow in due course as it seems to be just as mis-understood as NMD.

[sphere25] 12/7/2017 12:25

Trading has been very strong here and I'll be very surprised if you go from, beating forecasts a couple of months ago, to doing a complete u turn and saying all of a sudden things aren't as rosy.

Been adding near 80 here with all the other larger buyer sat there. They were falling over themselves to buy when it was headed up toward £1, but not so much when the sale is on.

I'll take the sales thank you very much ;-)

[cc2014] 12/7/2017 12:08

I have the felling the MM's have a few they have taken on their books they would like to move on yet, but good to see trades going through at 84.0 and the bid walking up a touch

[allstar4eva] 12/7/2017 12:00

Signs of life in the share price ..

[allstar4eva] 12/7/2017 10:06

Short term I don't think anyone expects a change. It is the outlook statement that people will focus on imho...

[rivaldo] 12/7/2017 09:55

GB, if anything material had changed since the AGM statement any company would have had to say so prior to the results.

Evidently it has not, so we should be safe in the knowledge that CTO's positive sentiments have continued since that date.

[grahamburn] 11/7/2017 17:52

rivaldo.

Don't think you can read anything into a Notice of Results RNS about current trading.

It is what it is - and it would be very unusual to attach any other information in such an announcement especially as it is less than a month before the results date.

[cfro] 11/7/2017 16:20

Looking forward to that event then and hopefully it will be the start of a turnaround in the share price

I note todays fall is more to do with the spread widening.

[rivaldo] 11/7/2017 15:58

RNS - results will be out on August 8th:



Since there's no commentary we can assume that nothing's changed since the AGM statement, which of course stated:

"we expect revenues and profits for 2017 to be ahead of current market expectations".

Enough said!

[cfro] 11/7/2017 14:11

Looks like you spoke too soon CC2014...

The weakness here seems strange given the strength of the last trading update.

[cc2014] 11/7/2017 14:10

I spoke too soon. Does the seller read my posts?

[cc2014] 11/7/2017 11:49

I note that the selling has stopped this week. Kind of co-incidental with the Carillion news methinks.

[effortless cool] 06/7/2017 13:05

Nice spot, thanks. They improved operating margin by 60% (i.e. x1.6) in the year to Feb 2017.