Tclarke Share Discussion Threads

[scottishfield] 07/9/2017 15:07

hope it holds it rivaldo. Hard to read this one sometimes (me anyway). Holding tight either way.

[rivaldo] 07/9/2017 13:40

Nice move today on barely any volume. Background demand perhaps, or clearance of the seller.

[cc2014] 01/9/2017 12:03

I would say this is looking very good. A large number of trades went through at around 79 mostly from PI's and it seems there level of conviction is very high as very few sells are coming out and they are not flipping for a 4p profit.

I am hopeful the weak sellers who do not understand the stock are now out the way and we can continue upwards for the next 3 years.

[albanyvillas] 01/9/2017 11:11

Edit :
Ex-div on 7th September.

[albanyvillas] 01/9/2017 11:10

Indeed tis looking a bit good. Has it gone ex dividend yet or will i get it if i buy more?

[middlesboroughfc] 01/9/2017 10:59

Looking ready to pop

[its the oxman] 01/9/2017 08:56

Overdue a move up, just need something to give us a little push.

[scottishfield] 01/9/2017 08:49

Have they covered them before Flagon?

[flagon] 01/9/2017 08:49

SCSW out tomorrow ... update possible in light of August H1 results ?

[albanyvillas] 01/9/2017 08:46

should be 130-140p based on 12p earnings forecast

[cc2014] 01/9/2017 08:45

Wonder who's tipped it this time or whether it's just the first of the month?

[albanyvillas] 01/9/2017 08:40

L2 looks well good

[albanyvillas] 01/9/2017 08:36

95p coming imho

[allstar4eva] 01/9/2017 08:23

Moving now...

[rivaldo] 30/8/2017 12:08

Tipped today by Malcolm Stacey....which is good. Except that Malcolm's got his figures wrong.

The current year forecast is 12.14p EPS, with a 3.46p dividend. That's a P/E at 83p of only 6.8 (NOT 12), and a divi yield of 4.2%. Oh well. Which makes CTO even more of a bargain :o))



Extract:

"Victorian Engineer Stays Up With Times as the Order Book Hits Record High
By Malcolm Stacey | Wednesday 30 August 2017"

"In the first half of this year, profits were up by 8% to £2.5 million. The interim divi was hiked by 20%. The current yield is 4%. The P/E ratio I have is a modest 12. Revenues for the first half were £143 million. So the company is operating on low margins which can only attract new custom - and it has a strong order book, with more business on the horizon than it's ever had before.

There’s an opportunity to buy on a dip at the mo. On August 7th the share was 90p. Now it’s around 80p. For the reasons above, I believe it to be undervalued.

This is a firm which has been so successful for so long, that it’s hard to see it going into reverse, especially as the world’s reliance on electricity and other engineering marvels keeps on getting stronger."

[cc2014] 30/8/2017 10:34

Yeah think the seller at 79 has deffo finished now. Price holding comfortably above 80. Hopefully move back to 90 now although I expect a few PIs to sell along the way

[rivaldo] 30/8/2017 08:18

Turning upwards now - perhaps our seller is finished? A 6k buy at 81.5p has caused an early move up.

[flagon] 24/8/2017 11:38

Thx for posting that article Rivaldo. Reads very well indeed.

I took comfort from the fact that the order book for the C/SW region increased from £43M to £70M in H1 with a tight focus on margins going fwd.

ATB

[rivaldo] 24/8/2017 11:18

Interesting news from CTO's web site today - a new office in Portishead and a full article about encouraging progress and 80% secured revenues in the South West, which was the one black spot in the H1 results:



"Portishead office builds on expanding client relationships in South West
Posted: 24th August 2017

Rob Faro, MD of TClarke South West introduces some of the project wins and the strategy behind TClarke’s expansion in the South West with a new office in Portishead - one of four new TClarke operations around the UK.

It really is a very simple story: we’ve been building steadily in the South West and our strategy has been highly effective. We have had a couple of project delays and cancellations, but we move on and the real picture is very straightforward. In the South West, we have already secured over 80% of our revenue target for the next two years, along with securing places on some longer-term frameworks and maintenance contracts - and it has all been based on the solid, long term TClarke principles of good people, good work and good relationships feeding more work.

Main Contractor relationships are stronger than ever

Relationships with main contractors like Kier, Willmott Dixon, Sir Robert McAlpine and Midas Construction have grown stronger and stronger, based on proof of what we can deliver and our ability to be good partners. We set out to build those relationships and make TClarke a leading name in M&E in the South West a few years back - Portishead is opening because those relationships have delivered opportunities for us and we are taking them.

Relationships have driven major project wins

Opportunities have led to a series of substantial project wins going forward. The Aspire project involves the upgrading of three military bases at Bulford, Tidworth and Perham Down. We have won work on substantial, high-end retirement living developments in Falmouth and Portishead. These are with Midas and end user Pegasus Life. We have also won projects with Willmott Dixon at the Plymouth History Centre and The University of Gloucester Business School and Growth Hub, both significant developments in the region.

And right now, as we are about to hand over the Derriford Research Facility, which has further established the TClarke name for delivering complex M&E solutions in the South West, the picture is clear. We know that there are no short cuts to delivering quality - you need good people and good relationships, we know that construction has its challenges too; but you can see here in Portishead, through quality relationships in the South West, we have been able to expand our presence effectively, economically and in the TClarke way."

[igoe104] 23/8/2017 16:52

All the tip has gone, is let the seller offload more stock, bloody frustrating.

At least it will be cleared more quickly I suppose.

[rivaldo] 22/8/2017 09:03

Latest forecasts from N+1 Singer FYI:

this year : 12.14p EPS, 3.46p divi
next year : 13.16p EPS, 3.66p divi

Buying still coming in this morning, offset by a 25k sell presumably from our seller.

This summary of CTO's new manufacturing operation hasn't been posted here before - well worth a read, particularly the concluding para re Big Data:



"Posted: 07th August 2017

As TClarke announced the acquisition of ETON Associates, it was also announced that ETON’s precision controls manufacturing operation would be relocating to our newly opened Stansted Manufacturing operation. Group CEO Mark Lawrence highlights the power and potential of the whole operation.

A series of high quality manufacturing operations under one roof

At Stansted we have a 26,000 Sq ft purpose built manufacturing operation, where we will be manufacturing and prefabricating a range of mechanical modules and pipework, manufacturing a range of precision controls and associated equipment for our Healthcare Division and also manufacturing complex control panels for our newly acquired Buildings Management Systems operation.

Put that together and you have a sizeable and very powerful manufacturing operation that can develop into a true centre of manufacturing excellence and practical innovation that’s dedicated to supporting our clients’ projects.

Meeting the challenge of increasing building services complexity

As the complexity of building services increases, so the challenges of maximising value, speed and efficiency - both in the construction process and in the end result you deliver for the building owner or user - also increases. What you can see with TClarke is that we are amassing the full range of skills and expertise that clients and principal contractors will need in order to meet those challenges fully.

The market has an appetite for TClarke quality services and approach

Technology and the arrival of Big Data is now sweeping through the property industry, transforming the needs that end users have for their buildings. It is this market-driven demand that we have identified and are meeting with TClarke services. People know that our brand stands for directly employed, highly skilled and highly motivated teams. What you see in Stansted is one aspect of the changing face of Building Services and we’re glad to be driving things forward for our clients."

[albanyvillas] 21/8/2017 11:53

will just randomly jump up 20p one day i suspect and then head off to 140p where it should be

[allstar4eva] 21/8/2017 11:46

Hopefully today's volume has cleared our seller?