Tclarke Share Discussion Threads

[ivancampo] 22/3/2013 14:34

Ready to pop

[brando69] 22/3/2013 11:15

chart may be flat lining, but this is priming for a move up...

[brando69] 21/3/2013 17:16

up 1.8% on a red day... softly softly...

[ivancampo] 21/3/2013 13:02

Yes, looking to clear overhang and move higher. Keen buyer IMO.

[brando69] 21/3/2013 12:34

feels like we might have a buyer at the 55 level

[hvs] 21/3/2013 12:31

LOl!!!!!!

Panmure know city anal yst

[brando69] 20/3/2013 09:55

Yesterday Panmure reiterated a 'hold' recommendation... and a target of 40p! Eh...

[brando69] 19/3/2013 10:36

average but unexceptional updates have tended to cause a rush for the exits...

take AIE the other day, for example..

[hvs] 19/3/2013 10:32

lol !!!!!

sell off????

[brando69] 19/3/2013 10:01

yes, certainly not causing any kind of a sell-off

[ivancampo] 19/3/2013 08:58

Strong L2 move - buyers about (Directors?), market likes the story enough to move this higher imo.

[brando69] 19/3/2013 08:23

hard to see this motoring based on these results, i guess

[goliard] 19/3/2013 08:22

To the end of 2012 Brando. I would need to look at it in detail, so happy for others to help, but they seem to have a charge of £0.4m for the year to cover the pension deficit reduction, but only a £0.1m reduction in the actual liability. Happy for others to dissect the accounts to analyse this. I think I also saw something about bond yields affecting the liability, so I hope they aren't too heavily invested in bonds as there isn't much upside from those at the moment.

[brando69] 19/3/2013 08:14

goliard - what period would that cover?

[brando69] 19/3/2013 08:14

Solid but not inspiring, but reason to see scope for growth?

"The results delivered in 2012 demonstrate the ability of TClarke to secure work in the weakest of markets. Against this background we are pleased to report that our current order book stands at GBP230 million, up over 20% from this time last year (2011: GBP190 million). Not only is our forward order book at a record level but, more importantly, we have secured new projects and repeat business with quality blue chip clients and contractors."

[goliard] 19/3/2013 08:13

Pension deficit still £11.9m according to results.

[brando69] 19/3/2013 08:11

unless their pension fund managers are complete incompetents - it would have been hard not to produce positive results in the last six months.

[goliard] 19/3/2013 08:09

I honestly haven't got a clue on that and will need the company to update. Will read results in more detail to see if they have mentioned it.

[brando69] 19/3/2013 08:06

goliard,

i'm guessing that pension deficit must have gone a long way to sorting itself out in the last six months, no?

[goliard] 19/3/2013 08:05

Not sure about the strong balance sheet, but they are doing well to keep turnover and even a small profit. Pension deficit was over £12m in 2012.

[gargoyle2] 19/3/2013 08:00

Goliard, I agree that the margins here are extremely slim, but they seem to be weathering the storm well, and the housing/construction market seems to be past the worst imo. They clearly have a good reputation at what they do, have a strong balance sheet, and even a small increase in margins is going to go straight to the bottom line. The main negative for me here is the lack of significant director holdings, even though the guys at the top have been with the company for years.

[empirestate] 19/3/2013 07:48

looks pretty decent imo, cheap by many standards

[goliard] 19/3/2013 07:24

Underlying profit only 1.6% and PBT only 0.6% approx. Profit significantly down and they can only pay the dividend because of better cash collection. They should not be paying the dividend IMO as they are perilously close to having to raise cash if things go even slightly wrong. They should be conserving cash in this market but appear to be paying the dividend to keep shareholders focused on the yield and not sell shares. Still one to avoid until this gets sorted out.

[janeann] 19/3/2013 07:19

good solid performance; increased cash and maintained dividend - c 5.5% at this level