Tclarke Share Discussion Threads

[jab118] 20/9/2010 14:25

I would like to solemnly declare that I am now the proud owner of a part of T Clarke today.

After watching this share for well over 6 months...

So come lads ramp it up ! ;-)

[hew] 27/8/2010 17:37

Chrisg (and pifedayo),

I'm glad that someone who has had the chance of a proper look remains positive - and with supporting evidence! Many thanks. I had only a few minutes this morn and had to make a decision - to hold on, I'm pleased to say. I'm pretty keen on the dividends, provided the share price holds reasonably stable over the medium term. It should do if the second half pans out as you surmise, and certainly the results are very positive regarding new business.

[pifedayo] 27/8/2010 13:20

ChrisG - Well put. I too took time over the H1 results and will continue to hold.

[chrisg] 27/8/2010 11:54

I think that those who have sold this morning may have only skimmed the results. T Clarke is a conservatively run company, hence the continuing net cash at the bank, even after the latest acquisition a couple of days back, and the fact that one-off costs tend to get put through regular Admin expenses rather than highlighted as exceptionals.

Actually, both turnover and pbt are slightly over 50% of the Digital Look forecasts if you look at the underlying figures. Underlying pbt is £3.8m against the full year forecast of £7.4m. The eps figure is low at 5.65p, but presumably something went wrong in the analyst's calculations as the effective rate of tax seems little changed and certainly the number of shares in issue is essentially the same as before. Maybe there is some planned capital expenditure planned for H2 which will reduce the full-year tax charge.

In any event, the vendors of this week's acquisition took £2m of shares at 137.75p. I simply fail to believe that they would not have done due diligence to establish that they were worth at least that amount. It would stagger the imagination to believe that they had not seen today's figures

On an underlying, ongoing, basis both turnover and pbt are ahead of forecast, pro-rata to the full year estimates, with H2 gaining the additional benefit of a full six months of March's acquisition of D&S. Hmm, maybe that's where the eps difference is. D&S was to be earnings enhancing, and a full six months in H2 might well close the gap to the 13.1p forecast.

Anyway, I hold and will continue to do so. This is, I think, a conservatively run, well managed company.

[hew] 27/8/2010 08:27

Seems near the market expectations. Digital Look give the full year as
Rev 169.99 pbt 7.40 eps 13.10p. The half year Rev is there, but pbt is low as is eps.

Hard to judge as afaik there is no regularity in split between the two halves. Nor clear reason why there should be. If I was FD, I'd aim to hold something in hand as far as flexibility would permit.

Certainly future matters look better, and holding the div gives some reassurance.

Strategically, I see the broadening of the offering as most significant. I surmise that is more to maintain performance in a tough environment rather than aiming to grow an empire - but what do I know?!

(I hold shares; no advice offered.)

[pallett] 27/8/2010 08:16

Well, could be a lot worse but these do explain why the share price has slipped like it has. Further forward looking ok do you think?

[strollingmolby] 25/8/2010 09:24

Looks like a decent acquisition at a reasonable valuation. Now lets see what the results look like on Friday.

[effortless cool] 05/8/2010 16:28

That's better. ttt

[one for the money] 27/7/2010 08:27

IMHO: Yield in Clarke has always been good - this price change (can hardly be called a collapse)is just general market movements - and the olympic work will go on regardless.

[pallett] 26/7/2010 17:09

It is certainly very tempting to "fill up" at this yield but so often a yield like this is pre-empting big trouble ahead.

[bailliej] 26/7/2010 13:19

Think you need to look at the wider market issues Pallett ....

Austerity measures (cancellation of new school and college builds, reduced public expenditure etc. etc.) is contributing to a weaker outlook for UK Plc.

With the current yield as it is I'm seeing these low volume dips as a very nice buying opportunity :)

This is about as exciting as this one gets ....

[jab118] 23/7/2010 17:22

pallett

I've been waiting for 6 months to get in, so please start the rumour and I'll buy the dips....;-)

[pallett] 23/7/2010 17:13

Does anyone have any idea what is going on with this collapse in the share price, this resembles a company going bust!! Can we really believe that last trading update, or should we buy barrow loads and laugh all the way to the bank with the dividend?

[poggy pig] 07/7/2010 17:12

I will be adding at around the £1.20 mark. DYOR


free stock charts from www.advfn.com

[poggy pig] 07/7/2010 17:09

According to the latest TS the forward order book has improved some 30% compared to last year. Judging by those figures I don't think they have been affected as of yet.

[jab118] 07/7/2010 17:04

Just rang my stockbroker about these little gems, their is talk that Clarke's order book could easily affected due to Government cuts, does anyone know why this should be and what sort of contracts would be affected..

TIA jab

[pote] 05/7/2010 09:25

I'm more than happy with the caution as it's market specific.
It's cash positive, the order books strengthened and it's got a healthy juicy dividend.

[mikealig] 05/7/2010 09:13

Agreed. Cautious but reasonably confident.

[poggy pig] 05/7/2010 07:20

An overall good TS and shows there was no reason behind the recent share price weakness.

[3800] 30/6/2010 10:06

Hi Ladyfarmer even though CTO has a full listing quite a lot of the trades are carried out on the plus market that is why you are not finding them, see here I have to say I don't see much upside in the short term on this one with a cut in public spending and forcast EPS only just covering the dividend. I do feel it's a good long term hold though.
3800

[ladyfarmer] 30/6/2010 09:09

Well I continue to be a fan and have taken the opportunity to top up. Bought 2000 but not showing here or on Barx. Aren't there some kind of disclosure rules? I'm not suggesting 2000 moves the market (I wish!) but if anyone interested in trades and lots are not reported this is misleading.

[one for the money] 29/6/2010 16:46

My trailing stop now hit. Probably zip up now, but rules is rules!

Cheers
john

[mikealig] 29/6/2010 14:08

I also bought this for the yield which, if maintained, is nearly 10%. However, disappointed by the steady drop. There should be a trading statement out in a couple of weeks, so I'll wait for that before deciding whether to buy more.

[one for the money] 29/6/2010 08:42

Yangou

You must, of course, follow your stop loss regime strictly, but mine isn't not hit yet - so I'm still here. It's worth holding for the divi, though I appreciate capital value is more important.

ed: it does appear to be dropping out of the rising channel - but so is the FTSE

Cheers,
John