Tclarke Share Discussion Threads

[ivancampo] 23/3/2018 08:42

Surely it's a logical target, 300m+ turnover makes 7m profit for 45-50m (20% premium). Who would block it, one of the big holders is selling and the directors have no interest in the equity nor the interests of the small equity holders. Farcical.

[igoe104] 23/3/2018 08:36

I know where your coming from ivan, it makes me wonder even if they had a p/e 2 and 100 million in the bank, the S/p would still drift up and down ?

[ivancampo] 23/3/2018 08:33

To the degree that I wonder why it's even listed.

[ivancampo] 23/3/2018 08:22

This company must have the biggest stock overhang in history.

[cc2014] 21/3/2018 14:32

yeah Groundhog Day again

[cc2014] 21/3/2018 12:20

I'm not sure L2 is alot of help today. To me it looks like the MM's are just responding to the flow of 'o' trades now and there is nothing going on in the background.

I don't think there is a seller out there any longer. My view is that the 14k sell today is probably somebody smart who bought in 70's who's looking at the FTSE at 7020 and switching into something else. I can see lots of stocks out there which might seem tempting having been bashed down for a few days.


Overall, I think it's good news. One wouldn't really expect any stock to go up when FTSE is falling but CTO over the last 10 days is going up. Clearly it couldn't hold onto 82/83 but that's alot better than the 77 it was a few days ago and since then FTSE has lost 200 points.

I'm pretty comfortable. It would be nice if FTSE went up though! Most of my stocks are losing less than the fall in FTSE but they are still falling!

[ivancampo] 21/3/2018 12:05

Seller still there it seems, any L2 clues Cc?

[ivancampo] 20/3/2018 15:53

Groundhog day.

[ivancampo] 16/3/2018 16:11

Either seller has finished or he's pausing to sell at higher prices. If its the former ( hopefully) we'll see a large delayed trade in next day or so.

[cc2014] 16/3/2018 13:22

Interesting. Bid hits 82 and no sellers appearing at all.

[cc2014] 16/3/2018 10:46

Bizarre. Kier down 5%, GFRD down 3.7%. I assume partly on the back of BKG but CTO on the move up.

L2 now looks like this. It seems the buys are coming in through direct access and not routed through the usual MM's Winterfloods or Singer

This is well overdue but strange indeed. Buys now going through at 82.8 as I write.

Must be a broker note out, or results leaked (but we know what they are so why would that make much difference) or maybe just someone wants in before results are out and are running out of time.

[ivancampo] 16/3/2018 10:42

Added, could this be finally the end of the overhang? L2 Cc?

[cc2014] 16/3/2018 09:25

I noticed that Rivaldo. L2 looks like this. It looks to me like those buyers on the order book are real which is making me smile. We shall find out as the day progresses.

[rivaldo] 16/3/2018 08:53

A 10k buy this morning at 80p and the bid price is up to 79p. Looking interesting now in the run up to those results, which we know will be good.

[igoe104] 14/3/2018 13:42

Hi cc2014,


I put my winnings from ALD into JLG, also purchased Kape yesterday, also XLM are well worth buying.

[cc2014] 14/3/2018 13:35

Thanks. Tbh today makes no difference. I just had some free time. I'm going to be holding until the top of the cycle whenever that is in x years time so the day to day meanderings of the share price are pretty irrelevant.

If I had to guess it's Danny Robson selling down the remainder of his shares probably to pay a tax bill or loan some more money to his company.

I shall go back to trying to work out where to put my winnings from the takeover of ALD which completed today.

[effortless cool] 14/3/2018 13:06

LOL CC2014,

Forget watching trades, even forget you own CTO, and come back for the results on 27 March.

You may be a lot richer, you may be a lot poorer, you may be about the same, but you'll be a lot more relaxed and will have used your time much more usefully in the intervening period.

[cc2014] 14/3/2018 11:02

Yesterday I alluded to my frustration with this share.

Today I am once again banging my head against the table...

Today BBY is up 3.5% on their results and talk about improving margins and how CLLN going bust has done them a favour as they were undercutting everyone.
GFRD is up 6.5% and that's after rises of 10%+ already earlier in the week.
KIER is up 2.2% and was up earlier in the week too
MSLH is up around 10% this week after it's results.

So, what of CTO. Well I could cope if it didn't go up but someone has just sold 30k shares. The share price hasn't moved but the market will now have to absorb them once again.

I've attached a L2 print. At 10:14:26 someone sells 30k shares. It can't be a buy because even if it's delayed the offer hasn't dropped enough in the last 24 hours for someone to get that kind of price from a MM.

So, you can see that at 10:14:37 Wins go to 77.0 and at 10:15:07 someone (wins) load a 100k order at 75.0. The 100k is fake and designed to make it look like there's good support and it's safe to buy.

So, what next. The orders at 77.6 and 77.4 are as it happens real and have been there for a couple of days but are they minded to move high enough to balance out Wins position. Given enough time yes as I think they are related to the same buyer I talked about a few weeks ago who's using a very patient buy bot to acquire shares. However, they are pretty slow.

There's clearly someone who thinks selling at 77.85 is a good idea and until they've finished we are going nowhere.

If you are interested it might be a good time to buy as the price was starting to nudge 80 and we have seen the bid on 78 and 79 a couple of times recently.

Wins might let you have some at 78.5 if you are patient and leave it towards the end of the day




Edit: 11:03:06 Wins have managed to balance their book somewhat with those couple of sells at 78.2. I think the chances of 78.5 are gone now and they will get the rest away with some ease at 79.x I wish I was a MM.

[spooky] 13/3/2018 11:24

Disappointing that directors don't own practically any shares and that they have failed to purchase anything meaningful on any dip.

[rivaldo] 13/3/2018 11:07

Big article on the new "large-scale" win for the South West team referred to by igoe104:



"South West team starts work on another major landmark project
Posted: 09th March 2018

TClarke South West has been given the go-ahead on another large scale, mechanical and electrical, design and build project, working with long-term partner Willmott Dixon. This time it is Bath Spa University’s new Bath School of Art and Design building on the site of the old Herman Miller furniture factory.

This Grade II listed building has been empty for over five years and will now be redesigned and built as the new Bath School of Art and Design. Plans for the building include modern teaching facilities, practical workshops, studios, a gallery space, as well as a café and art shop.

Commenting on the job, TClarke South West’s Managing Director Rob Faro said:

“I am delighted that we're up and running on another very high profile, high quality and large scale project which builds on our long term relationship with Willmott Dixon. When you look at projects like this and The Box in Plymouth, you can see that we are tendering for and winning some of the biggest and most exciting M&E projects in the region. These projects give stability to our order book and opportunities for our brand and our people."

[cc2014] 13/3/2018 10:17

Time for reflection. I purchased my first lot of shares in CTO around 4 years ago and have added a number of times since then. Some at great prices in the 40's, 50's and 60's. Some in the 70's and I have a few in the low 80's when I got a bit over-enthusiastic.

For the last 18 months though I'd been sitting here with a level of frustration waiting for the market to notice the story. It's been tipped by one of the newspapers, SCSW and the Naked trader all of whom have put forward the same sort of arguments to me why the share price is too low but all we have seen is institutional selling. I shan't go into the reasons because they bore me and I'm not in agreement with them.

The pattern of trades has changed now and I feel more hopeful.

Next event is the results which are coming up in two weeks which aren't going to tell us much we don't already know on the financials apart from the pension deficit number and the latest order book.

[igoe104] 12/3/2018 14:55

more work coming in.

Another great project win for our Residential Plumbing team, who continue their long term relationship with CALA Homes East, securing this flagship development in the beautiful village of Gullane.

Congratulations to the TClarke South West team, who have secured another major landmark project - the new Bath School of Art and Design:

[cc2014] 08/3/2018 08:52

Electrical contractors report rising workloads

Around 85% of engineering services specialists are expecting turnover to increase or stay steady during the first quarter of this year.

The confident mood follows a strong finish to 2017 when eight in ten firms saw turnover increase or remain constant.

More than 400 firms responded to the latest Building Engineering Business Survey by trade bodies BESA, ECA, SELECT and SNIPEF.

Companies were quizzed one week before the collapse of Carillion.

Almost two-thirds said they were facing materials price rises and 50% labour cost increases while more than half of firms said they continue to be paid late on both commercial and public sector work.

ECA Director of Business Paul Reeve and BESA Director of Legal and Commercial Rob Driscoll said: “These figures show that the engineering services sector overall is in confident mood, even against a backdrop of commercial and political uncertainty and rising operational costs.

“However, the true effect of Carillion’s insolvency on the supply chain is yet to come through.”

SELECT Head of Membership and Communications Alan Wilson and SNIPEF Chief Executive Fiona Hodgson added: “SNIPEF and SELECT are keenly aware of the problems caused to SMEs as a result of poor payment practices and we have been lobbying the Scottish Government to make changes to ensure improved payment from public sector contracts as a starting point.

“We are also aware of some hefty increases being applied to the cost of materials and some suppliers have indicated impending rises of as much as 15%, which will impact on all contractors.

[igoe104] 07/3/2018 14:18

More work coming in, over the last couple of weeks in the north.

Our M&E team are delighted to be undertaking the Electrical works for the 200 room Hilton Worldwide Hotel, which adjoins the new Aberdeen Exhibition and Conference Centre.

Congratulations to our Residential Plumbing team, who have secured this new development with Taylor Wimpey Homes at Broomhouse Glasgow

Another contract award for TClarke in Newcastle, Electrical Installation works awarded at St Johns College, a new build project for the University of Durham.

TClarke in Newcastle are proud to announce the successful appointment to carry out the Electrical Installation to the Rutherford Street 26 Storey development.
Another prestigious project for TClarke

[cc2014] 25/2/2018 15:32

ALU FTSE fledgling same as CTO

Interesting interview with Robert McAlpine on CTO website