Tclarke Share Discussion Threads

[effortless cool] 05/2/2019 09:11

100p proving a hard nut to crack.

[cheshire man] 05/2/2019 08:57

Yes read that CC2014,,,,,,looking positive for CTO :-)

[cc2014] 05/2/2019 08:53

Lasmo.

Although CTO have previously worked overseas I think the question the directors would ask themselves is "is this good use of our resources?" And the answer to that would be no.

Of course if the job dropped on their plate with minimal bid costs from one of their long term Clients that might be different.

Either way overseas work isn't going to have any material impact on the company.

This does:

Thus the opening of offices in Manchester and Liverpool

[lasmo] 05/2/2019 08:21

Does anyone have an opinion as to whether TClarke’s engineering consultancy arm could bid on overseas work?

[rivaldo] 04/2/2019 10:51

Good to see a 20k buy above 100p just now.

Worth summarising the forecasts for 2019:

16.3p EPS - a P/E of 6.1
3.9p dividend - a yield of 3.9%
£12.4m net cash as of now rising to £14.9m - 36% of the m/cap

[norbert colon] 03/2/2019 11:45

If anyone is interested link below to a podcast on the Cube Investments website where I discuss TClarke amongst other some stocks in the same / similar sector. https://cube.investments/cube-podcast-9-simons-research-driven-investment-strategy/

[edmundshaw] 02/2/2019 09:27

Oh Effortless, you have been around so long, you ARE an institution!

[effortless cool] 01/2/2019 17:49

LOL. If I was an institution, I'd probably be 11th on that list.

[cc2014] 01/2/2019 14:46

Good afternoon

I'm not sure I'd call it anything other than churn Edmund. For sure there have been some T traders selling out yesterday but these are probably done by now. Besides this I think it's just the nature of a stock going up. Those who don't really fully understand the company but saw a cheap price and a good chart may be happy with a 10% return and then they move onto the next stock. Every time the stock moves up a chunk there will be some of this but it doesn't really bother me as these types of trades were always going to sell into a small rise and they are also the sort of traders who will buy a pull-back so they contribute too.

For those that are interested there aren't any big sellers left to sell apart from Miton and Regent. I''m pretty sure Regent will hold for a few years and whilst no-one can know what Miton will do I suspect they will top slice their holding as it rises. Although this isn't exhaustive, here is a list of "institutional/large" holders. If the tenth largest holder by this measure has only 200k shares it shows you how dispersed the shares are now. Regents's aren't included.

[edmundshaw] 01/2/2019 14:12

Does anyone think like me that someone is selling into this good update? For large stakeholders that is an ideal opportunity to offload a good number of shares even if it seems a bit contrary. TBH I am really very sanguine about CTO, I am not really fussed about WHEN the share price goes up closer to fair value (perhaps 120-150p in the shorter term), as I feel sure that sooner or later it will.

[rivaldo] 01/2/2019 08:21

Hi CM - up early for snow-clearing duties :o))

[edmundshaw] 01/2/2019 08:18

Very high levels of humidity in swimming areas? Not sure about that. There will need to be good air separation from changing areas or getting dressed after a swim gets pretty uncomfortable... Still, that is not T Clarke's problem - they just need to fulfill the specs!

[cheshire man] 01/2/2019 07:25

Good news indeed rivaldo, once again thanks for keeping us updated,,,,,,and so early in the morning too :-)

[rivaldo] 01/2/2019 06:40

News - another "major M&E contract" win:



"South West wins St Sidwell’s Point: A UK first for ultra-high environmental standard on large scale

The St Sidwell’s Point PassivHaus Leisure Centre in Exeter is the first of its kind in the UK. TClarke has won a major M&E contract to deliver the project with Kier as principal contractor. Rob Faro, TClarke MD for the South West, introduces the win:

The PassivHaus concept is a holistic approach, aiming for high efficiency with regard to all aspects and facilities hosted by a building; it prioritises high thermal comfort and energy efficiency. Each swimming pool or leisure centre project will vary significantly in terms of its energy consumption, largely due to different usage patterns and available facilities. Due to the complexity of the topic, standardised certification criteria for PassivHaus leisure centres are not yet available; accreditation is instead awarded based on compliance with energy demand requirements and specific efficiency measures that are pre-defined for the individual project.

This is the first time PassivHaus standards have been attempted on this scale in the UK and for TClarke, this is a full MEP installation. The challenge of achieving PassivHaus standards in a building which has three swimming pools, a gym, spin and dance studios is considerable and requires a multizone PHPP model, taking into account cool and dry areas and warm and humid areas. The ventilation, heating and cooling systems need to be precisely controlled and monitored by the Building Management System to ensure the thermal comfort of occupants whilst minimising the energy use. Because of the higher quality of the build, humidity levels in the pool halls are allowed to be much higher, thus reducing the normally very high air change rates, reducing heating and ventilation costs. So for all these reasons, it is perfect for TClarke’s engineers to apply their skills, attention to detail and ingenuity.

It showcases our expertise in sustainability and energy efficiency, something we have been working on for several years with standards such as BREEAM, PassivHaus, Building Biology and Well.

Once again, we’re working with our long-term partner Kier and are able to announce our success in winning one of the major M&E contracts in the region.

etc"

[squarepeg86] 31/1/2019 19:15

Yes I know what you meant, and I was reading tomorrows publication. I use the app and it is definitely available to view if you have signed up for digital subscription. T Clarke is not included in Simon Thompson's Bargain Shares article.

[podgyted] 31/1/2019 19:04

By that I mean there's no update for this week's publication - I've just got their tips for the week but ST's bargain shares for 2019 are not part of that.

I'll keep looking.

[thorpematt] 31/1/2019 19:00

rivaldo,

Can I just point out that Carlsberg do actually do trading statements.

Look, here's a link:-



P.S CTO's was better

[podgyted] 31/1/2019 19:00

Am I missing something - there's nothing on the IC website?!

[squarepeg86] 31/1/2019 18:18

The digital version has been released and I've just had a quick read now as I haven't been in from work long. Unfortunately, it's not in there which both disappoints and surprises me. However, I think that we will see more coverage as the company progresses, and maybe more movement tomorrow while todays update gets digested over night, especially with the drop towards the end of the day.

[podgyted] 31/1/2019 18:04

Nothing from IC yet

[podgyted] 31/1/2019 18:04

Traders

Next few days will give real picture.

[from8to800] 31/1/2019 17:30

Awful reversal near end of session. Not pleased with this turnaround.

[squarepeg86] 31/1/2019 16:00

Much appreciated.

[rivaldo] 31/1/2019 13:54

Here's the main thrust of Singer's note FYI:

"Strategy delivering with record order book

TClarke continues to deliver on its strategy, with strong momentum in earnings and the order book, whilst maintaining a healthy balance sheet (the Group carries no debt). Both revenue and operating profit are expected to be in line with expectations after the upgrades in November (EPS estimates increased 12%/15% in FY18/19). The order book hit another record high at £411m in December 2018. This is a 22% increase year on year and a 2% increase on the figure reported in November. The Technologies sector, a key growth area for the Group, has been the main driver of this increase. Our FY19 revenue forecast is now 88% covered by the order book. The outlook statement is confident and we believe that positive earnings momentum will continue to drive the share price. We also see the rating as undemanding, with the shares trading on a substantial discount to peers."

"Shares attractively valued

On an FY19 P/E rating of 6.6x, TClarke trades at a substantial discount to peers (8.2x). We believe that earnings momentum and revenue visibility should support a higher share price. Whilst Brexit is likely to dictate near term sentiment, we see re-rating potential as uncertainty clears. We believe a sector P/E rating is justified – this would imply a share price of 134p. We believe the shares could exceed this level as continued growth is delivered."