Tclarke Share Discussion Threads

[lasmo] 07/3/2019 14:27

No doubt about it that Miton's selling has held this share back over the past 2 years.
Its good however that Miton's power and influence is now diluted. I'm always in favour of stocks which have a broad base of share ownership.
Another positive - it has allowed me (and others) to accumulate our share positions with ease. Looking forward to favorable results and dividend hike.

[cc2014] 07/3/2019 12:52

Good. I'll be glad when Miton are out the way. Only 2.1m left to sell vs the 7.4m they had before they started selling. I think we can assume they are going to carry on selling.

[wynmck] 07/3/2019 12:37

Miton sale rns

[cc2014] 06/3/2019 12:17

We can see what's happening now with the trade flow over the last couple of days. There's someone selling in volume at a price around 102/103 and I guess we will be sitting here waiting until they have finished.

Some really good information on apprentices on CTO website this week.

Edit at 14:00. The price is ticking up and there's decent volume on the bid which is not being ripped off at high speed by the seller so maybe if we are lucky the seller has finished.

[skyship] 05/3/2019 15:07

Incidentally, my thnx yet again to cc2014 for marking my card on this one. Not usually my sort of stock; but his professional research convinced me to play a small allocation.

[edmundshaw] 05/3/2019 14:59

igoe, I am actually quite keen on planks - I should like to add in the 90s! :-)

[igoe104] 05/3/2019 13:16

CTO results out in a few weeks, which we know are going to be good, they have nearly 13 million in the bank, and a p/e of less than 7. only a plank would sell at this level.

[skyship] 05/3/2019 13:01

One has to remember that back on 12th February CTO had a gain of 35%YTD.

Of course we had to have a pullback and perhaps a short period of consolidation before the next move ahead. A gain will always trigger an element of profit-taking; and why not in these more difficult times!

The blue circle suggests a good buying range with the rising 50day MA now back in touch:


free stock charts from uk.advfn.com

[from8to800] 05/3/2019 10:38

If I had to guess this will drop a bit into the 90's in an effort to trigger stops set at the 100 level. Classic behavior IMO, all the more when price is retracing to the 10 week moving average for the first time since breakout.
Time to add, as far as I'm concerned.

[edmundshaw] 05/3/2019 09:39

At this rate we shall soon be back to 90p :-(

On the other hand, actual results on 26th are not going to disappoint... should get some boost from that.

[cc2014] 05/3/2019 09:37

The seller is still going and we are back to 100 a price I didn't think we would see again. As usual incredible patience required with this stock

[davidosh] 04/3/2019 02:04

Just to let you all know that Tommy Clarke will be exhibiting and presenting at the Mello2019 event on Thursday 16th/Friday 17th May



They will almost certainly be doing two presentations so one in the morning and one afternoon.

More info and tickets here...

[squarepeg86] 02/3/2019 08:07

Thanks, as always, it's good to know these details.I noticed a 50k sell go through after the market closed yesterday too, seemed odd as there wasn't really much action during the day. Hopefully it's another chunk of Miton out with such a large volume, but could be anyone with the recent drop we've seen. However as you say, we are all still up and continuing in the right direction so we can't complain. I must admit with the recent drop I am tempted to sell some of my other holdings and put it here with results due.

[cc2014] 28/2/2019 14:59

Squarepegs. I think there just a lack of enforcement around not declaring movements in share portfolios. So, the large parties know they can get away with it as long as they don't do it all the time. Some of it I think is just general incompetence.

There are provisions if an seller wants to shift a large position, that they declare it to the LSE and that then becomes protected until such time as the order completes. I'm afraid I don't know much more than that.

So,back to the share price which we can see has pulled back more than I think most of us would have expected. I first theorised this was Miton but today I have bumped into the share chart for VRS. VRS is one of the mostly highly ramped stocks on AIM and like a large number of others it's share price is now moving back to reality. There have been very many of these in the last 6 months and every time it happens you see forced sellers on other stocks or people selling out their profitable trades to buy for example more VRS.

Whatever is going on it's all a bit frustrating but at the end of day the closing price on 31st Jan was 96p, so closing around 103p a month later is good enough for me. If it went up 7p every month I'd be a very happy bunny.

[lasmo] 28/2/2019 13:16

www.tclarke.co.uk/tclarke-south-west-unique-healthcare-expertise-is-helping-to-deliver-sustainable-growth/
Nice to see more focus away from commodity ME contracting and more diversification outside of London, hopefully under pinning higher margins.

[from8to800] 28/2/2019 13:13

Retest and go, I think this will be. Patience will be rewarded.

[squarepeg86] 26/2/2019 15:20

So how can they sell without declaring? Is there no penalty for not doing or is that just common practise? They have been selling for a long time now, it will be good to know that they have nothing left to sell as they've hammered the share price for some time now.

[cc2014] 26/2/2019 12:35

I am suspicious Miton continue to sell out their holding. They are supposed to declare each time their holding drops 1% but they didn't do so when they sold a chunk on 07/09/18. Miton have two holdings in two different funds, the Diverse Income Trust and UK Micro Cap Income Fund. On 07/09/18 the Micro Trust went below 3% and sold 1.53% of their holding at the time yet Miton did not notify that their overall holding fell at all.

I expect the first we will know about Miton selling again is when their holding magically drops to below 3%. I'm not bothered. If they went to sell, they can only sell once and they might as get on with it. If they aren't selling I guess it could be someone running a 10% trailing stop from the high who just got screwed by the MM's

I continue to hold. The fundamentals will drive the share price in the long run

[squarepeg86] 26/2/2019 12:07

It is very frustrating isn't it. I did notice 2x 100 trades - now I'm not saying I believe it but I did wonder if they were filling an order, but I have no access to level 2.

[cc2014] 26/2/2019 11:56

Patience certainly required.

Down 4.6% today.

Kier up 2.4%
Galliford up 3.4%
Balfour Beatty up 3.2%
Persimmon up 3.7%
Taylor Wimpey up 4%
And if you want to look further Travis Perkins up 14%

This stock continues to frustrate me...

[dtaliadoros] 21/2/2019 21:24

Patience certainly does sometime bear fruit. I always had a feeling that this one would come good again and the reasonable dividend kept me holding onto this one. Very pleased with the look of the order book at data division record order books. An increase in dividends will hopefully bring this to the attention of a few more

[cc2014] 15/2/2019 13:40

Market expectations are for 16.3p EPS. A 4.3p dividend would suggest 26% of earnings being distributed as dividends. This I would regard as prudent as most mature companies with good earnings visibility pay more.

It is my view however that the directors won't pay quite that much and would prefer to continue to strengthen the balance sheet further, thus giving them greater flexibility if an appropriate acquisition comes along.

Having said that there comes a point where the balance sheet is so strong, they will be forced to raise the dividend to a higher percentage of EPS. If not this year than next.

[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.