Tclarke Share Discussion Threads

[santangello] 13/7/2022 10:26

Shrewdies getting in ahead of tomorrows interims....

[niklol] 12/6/2022 12:39

Me too.
1st heard of this company from the Daily Mail Midas tip May 24th.
Surprised it didn't move up after that write up.
I wonder why not?

[niklol] 12/6/2022 12:38

Me too.
1st heard of this company from the Daily Mail Midas tip May 24th.
Surprised it didn't move up after that write up.
I wonder why not?

[spcecks] 12/6/2022 11:38

Looking to buy in here as I hear the story is good.

[edmundshaw] 24/5/2022 14:00

IMO we don't need more good news, just for more investors to hear the story...

[ansc] 24/5/2022 13:34

CTO presenting at the Mello Investor Conference this morning, does the spike in the share price indicate that there was good news in the wind for investors?

[niklol] 22/5/2022 16:56

Should go up tomorrow after that Midas tip?

[niklol] 22/5/2022 16:53

Should go up tomorrow after that Midas tip?

[tole] 22/5/2022 13:49

https://www.dailymail.co.uk/money/investing/article-10840063/MIDAS-SHARE-TIPS-UPDATE-tip-T-Clarke-lit-Windsor-Castle.html?

[tole] 13/5/2022 18:13

https://masterinvestor.co.uk/equities/small-cap-catch-up-macf-bms-vtu-and-cto/TClarke (LON:CTO) – data centres business growing fastThis group is a nationwide specialist in electrical and engineering services. It covers span design, installation, commissioning, and maintenance. It provides its services to the UK construction sector.At Wednesday's AGM, investors were told that trading for the 2022 has started strongly, with its orders flowing in very well.On 30 April its high-quality order book stood at a record high of £585m, which compares with the end 2021 figure of £472m.It would appear the growth of its data centre business, a relatively new activity for the group, has been building up impressively. It is expected to account for a third of the group's business by the end of this current year. More growth from this side can be expected.Market estimates for the group this year centre around £410m of sales and an EBITDA of £13.9m, pumping earnings up to 21p per share.Those estimates compare with the current 153.5p share price for this £666m capitalised group.The group's interim results, to end June, will be announced on 14 July.Its shares peaked at 186p late last September, a level at which I consider they will be trading very soon.

[edmundshaw] 11/5/2022 20:55

So comfortable to hold and trade a bit on the ups and downs.

[chrisb1103] 11/5/2022 08:16

PE 7 on track for FY22 EPS 21pCheap as ever here

[cwa1] 11/5/2022 08:15

Snippet from Cenkos this morning:-

Valuation: The share price trades closer to its YTD ‘high’ of 167p than its ‘low’ of 118p, where it stood just prior to FY21 results which scored big wins on dividend and order book. However, the rating is still attractive in both actual and peer relative terms and does not reflect the transformation in the group’s core strength and reliability of delivery over recent years. On unchanged forecasts our model ‘fair value’ remains 182p and at the current 148p the 2023E EV/EBITDA of 3.2x, or 4.7x including the Pensions deficit, PE of c6x and over 4x covered 3.6% yield offers attractive core value. Add to this an improving cash conversion, net cash per share (24p) and FCF yield (c13%) by 2023E and the investment case builds stronger still. BUY

[cwa1] 11/5/2022 07:20

Very satisfactory:-

11 May 2022

TClarke plc

AGM AND TRADING UPDATE

DATA CENTRES FUEL GROWTH IN REVENUES

Ahead of the Annual General Meeting, being held today at 10.00am at 200 Aldersgate, London EC1A 4HD, TClarke plc ("TClarke" or the "Group"), the Building Services Group, issues a Trading Update covering the period from 1 January 2022 to date.

The Group is pleased to report that trading in the early months of the 2022 nancial year has continued to be strong and the Group is very well placed to deliver year two of its three-year plan to achieve annual revenues of GBP500m. The Board remains very con dent that revenues and pro ts for the year will be in line with market expectations.

For the year ending 31 December 2022, market expectations are forecast to be revenues of GBP410 million; EBITDA of GBP13.9 million; operating pro t (EBIT) of GBP12 million and earnings per share (EPS) of 21p.

The Group is pleased with the continuing high quality of its forward order book, which as at 30 April 2022 is at a record high of GBP585 million (2021: GBP472 million).

The Group is maintaining historically high levels of orders across our core markets, with a strong pipeline of further potential opportunities across all of our target market sectors. As always, we focus on projects and schemes where clients have indicated that they are committed to proceeding.

The growth in order book is being fuelled most materially by data centres which are expected to account for one third of the Group's business by year end. The data centre market continues to be extremely buoyant and we expect the significant growth in this market to continue in the medium term.

Overall, the outlook for TClarke continues to be very positive and we look forward to reporting in due course on progress made during the remainder of the year.

The Group confirms that it will publish its Half Year results for the six months ending 30 June 2022 on 14 July 2022.

[santangello] 03/5/2022 14:48

No matter what the size I always love a Director purchase :)

[albanyvillas] 11/4/2022 08:35

Forecast E/P/S of 28p a year out from memory

[santangello] 11/4/2022 08:20

Technical buying from support base or tipped somewhere ?

[thorpematt] 30/3/2022 23:33

yf23_1

Yes it is very misleading. The term net debt is not really what it is in my view.

What has always been quite useful on the ADVFN balance sheets is the pictorial view.

The LT debt not the current liabilities are in my book what to look out for . As per the dark red block, this is modest and when balanced against the yellow of the cash you can get a quick feel for the levels of a net calculation.

The sector comparison is also quite easy as a visual aid: -




As far as I can tell CTO has a small net cash situation at year end. (about £4m)

One other way of seeing what ADVFN thinks is the net position, is to view the EV. This is under the solvency ratios section and has £71m. If you compare that to the Market cap, they are actually saying there is a net debt of £7m ish.

In terms of long term leases these are neglible. The PD is worth a footnote. This is described in the annual report thus: -

"Defined Benefit Pension Scheme Obligations

The most-recent formal actuarial valuation of the Group's defined benefit
pension scheme at 31st December 2018 showed a deficit of £24.9m, representing
a funding level of 59%. Following the valuation the Group committed to a
deficit reduction plan to eliminate the deficit over a 12 year period, and
throughout 2021 it continued to make additional contributions at the agreed
rate of £1.5m per annum. The Group also continues to provide security to the
pension scheme in the form of a charge over property assets up to a combined
market value of £3.1m. A new formal funding valuation is being carried out as
at 31 December 2021 and the results will be reported in next year's Annual
Report & Financial Statements."

[theoldcodger] 30/3/2022 13:01

yf23_1

I'm not sure where ADVFN get their £122m debt from, but the consolidated statement of financial position as at 31st December 2021 (included in the final results announced on 9 March 2022) shows net current assets of £9.3m (total current assets of £125.1m less total current liabilities of £115.8m), with total net assets (and therefore total equity) of £26.5m (although that does include £25.3m of intangible assets). These figures are easily accessible on T Clarke's own or the London Stock Exchange's websites.

In comparison to many in the sector, I'd regard CTO as well capitalized, although that by itself is not necessarily a reason to buy.

Good luck,
TOC

[squarepeg86] 30/3/2022 12:31

I wouldn't use the ADVFN financials. I think last reported net debt was around £15m and a quick check on SimplyWallSt has the current debt at 15m too. Stockopedia would be a good place to check.