Tclarke Share Discussion Threads

[lasmo] 15/2/2019 12:35

With a strong cash position, increasing margin and £411m order book at year end, does anyone have a view on what the 2019 dividend is likely to be? My view is it will / should be increased by at least 20%. 3.5p final 0.8p interim.

[cc2014] 13/2/2019 15:24

Sector sentiment turning. GFRD higher today on guiding earnings to top end of expectations.

[ivancampo] 13/2/2019 15:00

How is level 2 looking? Is is well bid? Very impressed with price action, more buyers than sellers at these levels.

[its the oxman] 13/2/2019 14:56

Pressure building to break 120p

[igoe104] 13/2/2019 14:05

Just shows patience pays off in the end, with low p/e shares.

Hopefully rivaldo, HMLH will go down the path sooner rather than later.

[rivaldo] 13/2/2019 13:29

Indeed - and buying coming in at 119p and above now.

[cheshire man] 12/2/2019 13:18

More then nice rivaldo in these rocky times :-)

[impvesta] 11/2/2019 09:49

Dipped my toe in here last week after CTO passed my filters. Hopefully one to tuck away and watch continued progress.

[its the oxman] 11/2/2019 09:25

Break of 120p coming.

[cc2014] 08/2/2019 14:55

Hi Dil, It's good to see you move over to the dark side. I expect some quality ramping when the share price hits 290p!

[rivaldo] 06/2/2019 11:24

More good news:



" TClarke South West wins major M&E package for historic Bodmin Jail Hotel

Bodmin Jail is a Grade II listed building, one of Cornwall’s top tourist attractions and reputedly one of Britain’s most haunted buildings. The Jail scenes in the first series of BBC’s ‘Poldark’ were filmed here. It was originally built in 1779 and is steeped in both social and architectural history. The jail was decommissioned in 1929 and left to fall into ruin and decay. In the ’60s it was transformed, in small part, to a club venue and then into a museum offering a unique insight into Cornish penal life over the centuries.

The whole site is being transformed into a state-of-the-art attraction, to include a new build Dark Walk visitor centre and the restoration and refurbishment of the 18th Century Jail into a 4 star boutique hotel including all ancillary and associated attraction and museum facilities.

TClarke is carrying out the full MEP package, having worked alongside Arup and PinCM for several months to develop the design. In such an old building, the control of moisture and creation of an environment that guests to a first class hotel would expect, presents a series of engineering challenges.

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

“This is another landmark development in Cornwall that we have won. TClarke has a great track record in working successfully on listed and historic sites to bring them into the 21st century. Our engineering skills and experience, coupled with our scale and quality of resource mean we can handle the largest and most complex challenges. I am absolutely delighted that our teams have won this project. Once again, selective tendering and early engagement is working for TClarke.”

[muckshifter] 06/2/2019 09:39

Same here FriedFishcake, I used to spend hours reading accounts and more particularly the Notes to the accounts to understand what various entries related to. In the end, if I didn't understand something I would ring the company and ask for an explanation, which was usually given willingly by the the company accountant or their assistant.

But recently I've found Paul Scott's daily (used to be - now perhaps half as often) column on Stockopedia far more helpful in terms of explaining accountants' "dirty tricks" related to accounts and updates in particular sectors, which vary. For example, he clearly and consistently explained what he called red flags in the accounts of Globo and many others a year or more before the brown stuff hit the fan.

[effortless cool] 06/2/2019 09:15

FFC,

I haven't read it, but this one gets good reviews on Amazon and seems to cover the right areas.

[fredfishcake] 06/2/2019 08:48

EC - I will admit this is something I struggle with too, can you recommend any book in particular that would be understandable by a non Accountant?

[effortless cool] 06/2/2019 07:16

baz,

Please don't take this the wrong way, it is meant to be helpful, rather than patronising.

You say you are a newbie, and I would strongly advise you to get hold of a good beginners guide on accounting for investors and to study it carefully.

A solid understanding of company accounts is, in my opinion, a vital prerequisite for achieving success as a private investor.

[baz147] 05/2/2019 23:52

Thanks for the reply, I think this has amazing potential but was a bit worried about the debt.

[thorpematt] 05/2/2019 20:24

baz,
Most of that £100m is current liabilities. This was offset by receivables and cash of £90m

Only £5m was long term debt

A further £23 was pension defecit.

As per EC's post above we have improvements since then.

One of the joys of expanding companies is that any PDs can get easily erroded in terms of significance by proportion (conversly companies can be held back signficantly by a weighty PD coupled with no growth).


I couldn't find red flags in all reports I have read.

I regard the EV to be lower than the MC here (ADVFN is a tad misleading in this reagrd IMV.

I find the valaution here to be remrkably low given the forward EPS and the growth profiled.

DYOR of course but I hope this is of help.

[baz147] 05/2/2019 17:10

The financials on ADVFN match up the half year report. I'll have another look.

[effortless cool] 05/2/2019 17:06

I think you must be looking at a different company.

From the most recent trading statement ....

Cash

The Group's cash position remains robust, with the year end cash position having improved to £12.4m (2017 net cash £11.7m). The Group has available bank facilities comprising a £5m overdraft facility, repayable on demand, and a £15m revolving credit facility expiring on 31st August 2022.

At 31st December 2018 the Group had not drawn down any of these facilities and hence is debt free. This remains the case at 31st January 2019.

[baz147] 05/2/2019 16:53

Borrowing of 100m in hy report? Again, a newbie so take it easy!

[gdjs100] 05/2/2019 15:23

What net debt?

[pl dil] 05/2/2019 15:15

Fancy seeing you here CC :-)

[baz147] 05/2/2019 15:13

Everything increasing here, maybe a newbie question but what are your thought on the net debt here?

[cheshire man] 05/2/2019 15:01

My thought also edmundshaw :-)