Tclarke Share Discussion Threads

[allstar4eva] 21/8/2017 11:41

Return to 90p+?

[rivaldo] 21/8/2017 09:03

This is still only a £35m m/cap - our seller must be out soon as they've been there for months (JP Morgan since February?), and I can see various 5k and 10k lumps going through today.

Ex-div on 7th September.

Really should be trading at 100p+.

[opodio] 21/8/2017 08:03

when is it ex dividend

[opodio] 21/8/2017 08:01

looking good

[rivaldo] 20/8/2017 23:21

Great to see CTO getting some press attention. The shares are much too cheap and are due a re-rating imho - hopefully this will kickstart that process.

I particularly liked the emphasis on the growing need for ever more complicated electronic systems and technology:

"Electrical work plays an increasing role in almost every commercial building and retail outlet. There are more computers, mobile phones and other electronic devices than ever before and electronic systems are used for everything from security to temperature control.

T Clarke is also involved in cutting-edge technology, such as systems that use facial recognition to let employees enter a building and move around it and can even predict where staff are likely to go once they arrive at work.

Midas verdict: T Clarke has been in business since Queen Victoria was on the throne. The group was innovative back then and it remains so to this day. At 76½p, the shares seem too cheap and the dividend is a further attraction. Buy."

[gerhart] 20/8/2017 17:43

Hope you do better than we expected to at MIN when we got a mention last week.

We're sitting on the launch pad waiting on news which should generate a huge share price increase. But the Midas tip generated a a few buys and that was it (though tip could have been more encouraging). Maybe it's just related to the dog days of August and summer and too many peeps away having a nice time.

Good luck anyway...

[igoe104] 20/8/2017 08:00

Should be good news for Monday, they have a big following.

[jamdan1] 20/8/2017 06:20

Good write up in Midas in Daily Mail today

[cc2014] 11/8/2017 16:40

Well on a bad day on FTSE, CTO managed a small rise, which suggests what sellers there are don't want to sell any lower than where we are now.

[opodio] 11/8/2017 14:44

dividend soon for shareholders on the register at 8th September 2017

[cc2014] 10/8/2017 12:34

Contract value between £210-440m. Presumably over 3 years not yearly.

Contracts split between a number of firms and not all M&E although M&E by far the greatest share.

Should be a nice steady earner and great to have a 3 year order book.

[jeff h] 10/8/2017 12:32

Yes basem and I know the Cenkos analyst thought the results were better than he had hoped and believes his full year forecast can be beaten and that the shares are cheap though with a few caveats.

[basem1] 10/8/2017 12:21

Thanks Jeff - Still ridiculously undervalued here IMO. Almost a third of the current market cap in cash too.

[jeff h] 10/8/2017 12:03

Contract Win (per the website)

Following the release of our Interim Results earlier this week, TClarke is pleased to announce the following additional new contract win.

Supported by our Nationwide coverage our Transport Division has been awarded a place on the on the MAG (Manchester Airports Group) EMA Small & Medium Works Framework covering M&E projects up to £3 million at East Midlands, Manchester and Stansted Airports.

The Framework will run for an initial three years commencing immediately.

[cc2014] 10/8/2017 10:49

Ok - looking at L2 I think it now becomes clear that the 100k trade reported yesterday at 79 was a sell as the volume has built up on the buy side just below 79 and both Winterfloods and Singer have started playing with their spread.

In addition I don't think they would have let me buy at 77.9 this morning, if the 100k at 79.0 was a delayed buy.

From memory I remember 67k buys going through at 80.0 (4*13k+1*15k) so presumably there isn't much left to shift as there have been a few smaller buys but I can't be bothered to look up at what price.

As I have written this the spread has gone 78.25-81.0 from 77.25-78.0 and I can get 79.3 to sell so I assume we have a delayed buy coming through and the 100k from 79.0 has cleared.

[cc2014] 10/8/2017 08:54

It would appear the MM's still have some stock to shift as my 19k buy this morning has had absolutely no reaction on either the offer or the spread. Let's see what happens as the day progresses

[igoe104] 09/8/2017 15:24

N+1 Singer - T. Clarke - Good organic progress alongside Eton upgrades.



T Clarke’s interims confirm good organic progress, which will be bolstered by the acquisition of Eton Associates, announced yesterday. Revenue increased by 17% and PBT by 8%, driven by a particularly impressive performance from the dominant London & South East division. Profit growth would have been greater still were it not for a loss making half from Central & South West (a profitable H2 is expected). Overall, the Group is well positioned for the full year and we upgrade 2018 EPS by 6.5%, principally to reflect the contribution from Eton. Further upgrades may yet follow and we believe the shares are undervalued on a P/E rating of 7x with a 4% yield

[igoe104] 09/8/2017 15:05

I like this bit.

( and at the same time you can see major new contracts and exciting new client relationships opening up at the same time. So we aren’t speculating here - this is about meeting a market need and winning valuable new work at the same time.)




Four strategic regional market moves for TClarke.

Posted: 09th August 2017

Following on the announcement of the introduction of a new M&E leadership team to focus on opportunities in Manchester, Liverpool and Preston, based in our Chorley office, TClarke has also announced the opening of three new regional offices in Portishead, Dumfries and Birmingham.
Group CEO Mark Lawrence explained the strategy:
‘TClarke has spent time integrating and organising our operations regionally to best meet the market opportunities and the requirement from principal contractors for Building Services that can match up to their needs.
‘That effort by our people nationwide, integrating systems and regional teams, is now paying off in allowing us, quickly and cost effectively to enter new market areas where demand for the TClarke brand of high quality services is there - and take advantage of the opportunities as they present themselves.
‘You can see an entrepreneurial spirit in our regional leadership teams here - and you can also see the same TClarke values - bringing high quality directly employed jobs into new communities.
‘We have worked towards this point as a business - and now, our client base and stakeholders can see the results. These new offices are opening - and at the same time you can see major new contracts and exciting new client relationships opening up at the same time. So we aren’t speculating here - this is about meeting a market need and winning valuable new work at the same time.
‘I am delighted to be able to make this announcement and it is another significant step in this new phase of growth and development for our business.’

[ed 123] 09/8/2017 09:45

CC2014

Both Houses of Parliament are to get a vote on the final Brexit terms put forward by the UK government after its negotiations. Aren't there too many opposing views of what Brexit should be, to get a majority for anything?

I wouldn't be surprised to see a failure to agree in Parliament and consequently another referendum - let the people decide.

And for CTO? No need for it to follow politics. It will just continue responding to its market.

[cc2014] 09/8/2017 09:35

Choices are:
a) economy keeps bumbling along at a fairly depressed rate of growth for next five years due to Brexit. Growth still exists though and CTO are able to continue to improve turnover and margins by a small amount = gradual rise in share price

b) economy keeps bumbling along at a fairly depressed rate of growth for next five years due to Brexit. Growth still exists though and CTO are able to continue to improve turnover and margins materially and no further one off shocks = decent rise in share price

c) deal done with Europe over free trade = pick any construction share you like and get an instant 25% rise in share price plus longer term growth

d) no deal with Europe. Probably looks like a) as certainty is better than never ending not knowing. Could result in instant fall in share price following by gradual increase as happened after referendum vote

[its the oxman] 09/8/2017 08:34

Scope for gradual recovery now, financial performance continues to improve, expectations down a bit and more scope for next updates to reassure / over deliver is the hope, and very possible I think. Holding in the belief the upside has just been delayed a bit.

[ivancampo] 08/8/2017 23:27

Management could have spent 20k of their own hard earned buying a few shares numerous times over the last 3 tears. Sadly they choose not to.I'm sure their salaries would support such an extravagance.Yet we keep adding. Says it all really.

[igoe104] 08/8/2017 22:26

Hopefully we will see a trading update with-in a couple of months, when the delayed projects and legacy accounting issues in the Central and South West have been addressed.

[grahamburn] 08/8/2017 19:11

There seems to be a pattern with this company and its management as you say (eg two years ago margin erosion, last year fraud, this year a "little local difficulty").

Shareholders have to hope that unfortunate coincidences are mainly to blame, rather than management not having a sufficient handle on events.

Time will tell. IMO the company has a bright future, but the management has to stop turning off one or other electrical supply!