Tclarke Share Discussion Threads

[cc2014] 12/12/2017 13:44

Well another buying opportunity I guess. This must be the most frustrating stock I know. Every attempt at a rally seems to get knocked back.

Oh well, next trading update in late January so not long to wait.

[royaloak] 11/12/2017 13:46

Agree, Bid 71 but can get 73 from RSP in quantity.

[cc2014] 11/12/2017 13:28

I'm not sure the 48k is a rollover as exactly that amount was left unfilled at 74.75 in the Friday auction.

I'd say the two trades are a buy and a sell which leads me to the conclusion the seller may not be finished.

It does feel like the pattern has changed. The way the price keeps moving around suggests the MM's don't know whether he's finished or not either.

Also, the fact that buyers are being made to pay very near the offer price indicates the MM's don't have any stock to offer at lower price.

I really do think this is about to move up strongly. Just a little patience required.

[rivaldo] 11/12/2017 11:25

Up 1.75p today to 76.5p after just a 5k buy (and a 48k rollover). Hopefully another sign that the overhang has cleared.

[spooky] 08/12/2017 15:58

Are any of you surprised that none of the directors have shown any interest in buying at the lower levels?

[royaloak] 08/12/2017 15:43

I added again today, the past few weeks the seller dominated, today we have a bit of equilibrium, it could of course dissolve but sometimes we have to take the risk.

[cc2014] 08/12/2017 12:36

Fingers crossed Rivaldo.

The whole pattern has changed on L2 today.

The 25k bot buyer started at 72 this morning then got filled twice at 73, then appeared to reload at 73 to take another 50k (43991+6009) and then moved to 74 at 10:57.

He's not had a fill since then so will the seller come back at 73 later or how long before the 25k buyer gets bored and moves to 75

[rivaldo] 08/12/2017 12:13

Nice positive turnaround today. I agree that there's been a seller out there for ages now. But the m/cap is only £31m - once the seller is gone I feel there could be a very quick re-rating, certainly to 90p at minimum and perhaps to 120p or so given the cash pile and low P/E.

[cc2014] 08/12/2017 10:38

hmm. Trades and L2 are interesting. It seems 73 is key with significant volume going through.

Decent volume now sitting on the bid. Hope the seller doesn't have any more 100k sells to throw at it or if he does wish he would get on with it and get it over with.

[cc2014] 08/12/2017 10:10

I have to ask who keeps selling this and come to the conclusion it's now badly informed investors.

The order at 08:00:39 is clearly placed first thing or overnight and whilst I can accept not everybody reads the news it is hard to imagine a day where Brexit related stocks would fall.

And then we have the trade at 9:54:14. Kier up 1.4%, GFRD up 1.6%, anything Brexit on the move whether it's property, house building or banks.

And then we turn to news. I googled the Dyson job and come the conclusion it's hard to work out the size but it must be one of the biggest jobs around certainly outside London. It's the work on Hullavington their new campus creating another 3500 jobs.
It's a 517 acre site. Massive.


And then we have this which while I appreciate CTO doesn't do much work in Wales can only be good as it's slowly rolled out nationwide as is bound to follow at least in the public sector and protects subbies from main contractor default


Excuse me if I'm frustrated this morning. I could cope with no buying but the selling is doing my head in.

[rivaldo] 07/12/2017 12:32

Another big contract win for the South West division yesterday - the huge new Dyson campus in Wiltshire:



"TClarke South West secures M&E package for Dyson’s new global Tech Campus
Posted: 06th December 2017

Earlier in the year, the national press ran a major story on British engineering giant Dyson’s plans to open a vast new global Tech Campus in Wiltshire on a former MOD site, and double its workforce to around 7,000 in the next five to six years. Now TClarke South West is able to announce that it has secured the M&E package for the first phase of this project with Main Contractor, Kier.

TClarke South West MD Rob Faro is delighted with the win:

“We are always delighted to win major projects in the region where they fit with our targeted tendering and relationship based approach in partnership with main contractors such as Kier. These projects are critical in spreading the TClarke name as we build our operation across the South West.”

“But I must admit to a special pleasure in being associated with another British engineering firm - one who doubtless has an enormous public reputation - but which certainly shares our commitment to quality work, innovation and real jobs in British engineering.

“As well as providing a facility for research on robotics, battery cells, vision systems, machine learning, and AI, the sheer scale of the 517 acre Hullavington site means that manufacturing could be done there if the company wanted. All in all, it promises to be a wonderful job in which to be involved.”

[cc2014] 07/12/2017 11:27

The contracting boss of T Clarke’s North West division has left the business only a few months after joining to lead expansion plans across the region.


This is bizarre. Better to deal with an issue before it becomes a long term problem but a little surprising

He's been moving around quite a bit since he left Drake and Scull (EMCOR)and last role with Rotary was only 1 year and 10 months.

Strange that someone of his age should be moving around so much at this late stage of his career which perhaps tells you something

[royaloak] 24/11/2017 10:10

Looks like the seller has won, will be picking some cheap stock up on the Bid a little bit lower it looks!

[cc2014] 20/11/2017 22:28

I suspect the 100k trade at 77 is a buy too as the price never went high enough for long enough for a MM to take that on as a sell.

The seller will finish eventually. The next question will be the level of conviction that those holding once the seller clears.

I have the sense that there are a number of PI's who have picked up quite a few on the basis of fundamentals, low P/E and growth, who are likely to hold for some time rather than flip for a few pence.

[royaloak] 20/11/2017 14:05

Yes, if the deal was done on SETS there is a buyer and a seller. So at the moment a big buyer and seller at 75.25, who will run out of steam first?

[tuscan4] 20/11/2017 13:44

igoe104, the 200,000 trade was a BUY. I know the buyer.

[igoe104] 20/11/2017 12:25

You can see the seller offloaded 500,000 shares late Friday afternoon. doesn't matter what the company does it keep running into a wall.

[igoe104] 17/11/2017 17:25

One small-cap growth stock I’d consider ahead of Fevertree Drinks plc.




Improving performance
The company in question is building services group T Clarke (LSE: CTO). It released a generally positive trading update on Friday, with its performance in the period since 1 July being upbeat. It is expecting to deliver results which are in line with guidance for the full year, with pre-tax profit due to be £6.5m and revenue expected to be higher than £300m.
The company’s forward order book now stands at £380m versus £320m at the same time last year. The integration of recently acquired ETON Associates seems to be progressing as planned. Alongside investment in its new off-site prefabrication manufacturing facility at Stansted, it could provide a catalyst for future growth. With continued demand for its specialist services and the company winning a number of contracts recently, its operational and financial performance could improve in future.
Valuation
Looking ahead, T Clarke is forecast to post a rise in its bottom line of 5% in the current year, followed by further growth of 8% next year. This puts it on a price-to-earnings growth (PEG) ratio of just 0.7, which suggests that it may offer a wide margin of safety. Since the company has a price-to-earnings (P/E) ratio of around 6, it offers a dividend yield of 4.6% from a shareholder payout that is covered 3.5 times by profit. This indicates that there could be dividend growth ahead.
In contrast, Fevertree seems to have a relatively high valuation. The company’s P/E ratio of 60 may be easy to justify in the current year when earnings are due to rise by 60%. However, the financial performance is set to be less impressive next year. Its bottom line is expected to grow by just 4%, which puts it on a PEG ratio of around 13. This indicates that there may be a lack of upside potential on offer after an extremely profitable 2017 for investors.

[its the oxman] 17/11/2017 16:20

Through 80p and onwards soon surely after today's positive update. Could well get a few more paper tips as well.

[cwa1] 17/11/2017 16:05

rivaldo

TD Direct used to allow you to trade on credit and since the move to iii I can still do so, which is very useful indeed.

[spooky] 17/11/2017 15:07

Thanks everyone, I will investigate all of the options mentioned.

[1pvh] 17/11/2017 15:03

Interactive investor for certain accounts. I have a Ltd Company on the platform and I can trade on that

[rivaldo] 17/11/2017 14:22

Good to see CTO moving up nicely now to a 77.875p mid-price. CC2014, you asked earlier where I got the N+1 Singer info from - I subscribe to Research Tree.

OT : as a slight extension to the above discussion, when I was fully invested in my trading account, with only a few quid left unspent, Barclays used to let me daytrade (which I do occasionally) with a credit limit based upon the total amount you had invested. Their new platform no longer lets me do that. Does anyone know of any brokerages who'll let you do that, i.e without the cash sitting in your account?