Tclarke Share Discussion Threads

[norbert colon] 06/11/2019 13:42

Agreed - they attended in May. Twice in one year is not really the best use of mgt time. Hopefully they will attend next year.

[edmundshaw] 06/11/2019 08:46

Perhaps they don't feel the further spending of exec time on private shareholders would add much value?

[tuscan4] 05/11/2019 14:07

Appears that CTO are not attending the next MELLO presentation in a week's time.
Maybe negative at first sight or perhaps they may be constrained by other factors such as the Trading Update on the 27th. Anyone got any knowledge on this.

[santangello] 22/10/2019 16:24

Yes C.M I have the 27th diarised.Not long till the T+20 Traders arrive?We shall then see if the MMs are covered enough with stock to let the handbrake off pre T/U....we shall see ?

[cheshire man] 22/10/2019 16:06

Due on the 27th of Nov. I believe

[santangello] 22/10/2019 15:53

Someone rolling @ 102p, to be in for the T/u.....shrewd move i.m.h.o :)

[cc2014] 18/10/2019 14:41

Some small selling today when I guess is not surprising as a few folk will have bought at 95ish and will be happy to flip for a few pennies.

The market is absorbing it and we've seen a few trades at 105 so I guess we now have to wait for the flippers to stop flipping before we move on up again.

[cc2014] 17/10/2019 13:06

Interesting how the MM's have opened up the spread to discourage buyers while they try to square their book.

[cheshire man] 17/10/2019 12:54

That's a very good move up here today for us,,,,,:-)

[cwa1] 17/10/2019 11:55

Nice to see CTO improving but, as it stands, I don't see much prospect of this "new" deal making it through Parliament as is, so more difficult times ahead before things get resolved whatever way it finally is.

[cc2014] 17/10/2019 11:44

I agree Kneecaps. I see it as follows:
Either:
a) the deal is passed (unlikely due to DUP)
b) amendment put down to put it to a confirmatary vote. Deal or Revoke A50

Either a) or b) result in British Economy moving on from the depressing place it's been for the last 6 months.

Even Boris cannot now support no deal when he has a deal which is within say 20 MP's of going through.

[kneecaps2] 17/10/2019 11:25

This so called Brexit deal is very unlikely to pass Westminster. The D.U.P will not pass it and Boris is far from having a majority!

[santangello] 17/10/2019 11:24

Agreed CC, the upcoming news will be the catalyst methinks.

Short term, following todays news, an adjustment back to 115pish looks a given to me ?

[cc2014] 17/10/2019 11:07

Buyers starting to come in on the back of Brexit news.

I see no reason given the Brexit deal this shouldn't go back to 130-140 now relatively easily.

[santangello] 16/10/2019 23:44

......and once again my good friend, many thanks.

All looking rosy in the CTO garden.....looking forward to the upcoming news from the company, and have been loading up accordingly.

Blimey, just the (well covered) 4.1% yielding dividend is enough to smile about :)

[jeff h] 16/10/2019 20:55

No probs Santa have another one! :-

TClarke wins new Waitrose and John Lewis projects

16/10/19 : Paul Keogh, who oversees our long-term partnership with Waitrose and John Lewis, talks through a seres of new wins and ongoing project work

Our work with Waitrose and John Lewis goes from strength to strength. We have been awarded the Waitrose Stores Lighting project which involves LED replacement works at 25 stores throughout England, starting this month and completing Mid-November. Meanwhile, We also are carrying out LED replacement works for three John Lewis Department stores (which involves around 5000 luminaires per store).

Our work on the three year JL LED replacement programme continues and is scheduled to follow on in 2020 and 2021. Milton Keynes is just completing and Cheadle and Cambridge are both due to complete in the final quarter of this year.

Meanwhile we have won fire alarm replacement works for Waitrose & John Lewis which are being carried out over the next couple of months. We are just completing the Waitrose Branch connectivity roll out for 2019 across 40 stores and the intention is to continue into 2020 with a similar number of stores. Finally we have also agreed to extend the Waitrose/John Lewis Small works Framework into 2020.

The overall picture is very positive. Waitrose and John Lewis have very high standards and they demand speed and excellence of execution. We are delighted to be able to meet their standards with our TClarke service. These project wins show a relationship that is getting even stronger.

[santangello] 15/10/2019 17:24

Many thanks Jeff :)

[cc2014] 15/10/2019 15:19

Well, I don't want to speak too soon but I'm going to tentatively suggest our seller has gone away. Certainly we've now spent a day and a half with the bid on 97+ and we've seen no selling of any consequence.

My guess is that Regent have a decision to make now. I assume they've been buying on the way down and it's been relatively easy for them as they've patiently let the seller come to them. That pattern has changed now and I guess we are going to find out in the run up to the interims if Regent will start nudging up the price.

From the RNS before the latest one, we can see Regent were buying at around 108-110p on 5th August and the days before so I assume they will be happy to go back to that if they have to.

[jeff h] 14/10/2019 13:53

Derby team with seventh phase at Beaufort Park

14/10/19: TClarke Derby’s Steve Ceiley introduces this major new M&E win with long term partner St George.

We are absolutely delighted to be able to announce that in competitive tender, we have won a seventh phase of work for the mechanical and electrical services for 384 residential units at St George’s Beaufort Park residential development in Hendon.

This will be a 25 month build and as has been the case to date, both the mechanical and the electrical services will be delivered by TClarke Derby’s team.

This is a major project and we have a well established site team of 40 people and so they will be able to move on seamlessly from their work on previous phases.

To me, this shows you a lot about TClarke – the long term relationship, the quality of our people really getting to know what our clients want and our ability to use our advantages to win major projects like this one.

[cc2014] 14/10/2019 12:09

The motivations of Regent have been discussed on here before.

I guess what's probably most relevant is that their continued share purchases provide a floor to the share price and therefore limits the downside

[santangello] 14/10/2019 09:42

We are not the only shrewd purchasors then ?

[cc2014] 14/10/2019 09:40

Now up to 12%.

[cc2014] 13/10/2019 13:53

It will sort itself in the long run. Forecasts of 17.3 EPS this year and 18.6p next year equating to profits of £9.3m and £9.9m respectively.

Or a P/E of 5.4 for 2019 and 5.1 for 2020 if you can buy at 95p in the morning.

That's too low imho for a company which will have around £15m net cash (that's around 35p of the share price alone) by year end.

On top of that we have a forecast dividend of 4.4p this year and 4.8p next year. That's a 4.6% yield and very well supported when you compare the 4.4p being paid to sharesholders with the 17.3p being earnt a year.


It is my view we are now heading towards some form of deal on Brexit and any form of deal has to be better than the constant indecision that has been going on for too long now. This is what the market responded to on Friday and CTO is one of a number of second line stocks that didn't respond much on Friday and will hopefully catch up once the fund managers have had 24 hours to think about it.


As for the selling it stopped Friday and you can see that after the first large buy of 23,328 at 91.65 absorbed the 25k sell at 91.0 from the day earlier, you can see that nearly every decent sized buy of around 5k shares produces a reaction on the order book within the next couple of minutes if not immediately, indicating the MM have a flat order book and don't have a known seller in the background they can tap for shares whenever they want.

[santangello] 11/10/2019 13:33

We may have to see if any buy v sell movement appears on L2, then start to see if the distressed seller is clearing.....that to me is what could be holding us back?I am long anyway, so no worries as a holder.

[cc2014] 11/10/2019 12:43

BDEV 12%, BKG 9%, BVS 10%, GFRD 13%, KIE 7%, PSN 10%, RDW 5%, TW. 10%

And then there's RBS 15%, LLOY 11%

Can't be long before CTO moves surely?!?