Tclarke Share Discussion Threads

[cc2014] 18/5/2015 13:12

Something is up here. On the day of the trading update (Friday) it was a very good day on the ftse but this fell back a few pence. It was a strange day as I must have been the only one buying as I managed to get 80,000 shares over the course of the day without moving the price until the last 10 minutes of the day. I assume someone dumped a load of shares either pre-market or right at the open that day as they didn't like the trading statement. Most of my trades weren't reported.

Since then someone is in a hurry to buy stock and they don't seem too worried about the price. They certainly aren't trying to pick them up slowly and carefully over an extended period of time.

It could be that someone has just woken up to the strengths of this company but the speed and volume of the buying suggests something more to me.

Haven't really planned where to sell but I have this as a long term investment with a price of £2-2.50 over the next 2 years

[ridicule] 18/5/2015 12:46

With only 41.83m shares in issue, a 3.79% yield and a previous peak price of £2.80 in mid 2005, there is plenty of upside here if, as looks to be the case, they have put their contract problems behind them, coupled with the better margin prospects in 2015.

Today's rise is either insti buying or a possible bid in my view.

[sspurt] 18/5/2015 09:13

bit of action at last post the AGM statement which was pretty bullish imo

[battlebus2] 13/4/2015 16:37

Oh thanks Gargoyle ,i misread it, still a good dividend though.

[gargoyle2] 13/4/2015 16:32

2.6p battlebus2. 3.1p is the total for the year.

[battlebus2] 13/4/2015 16:23

Yep Thursday for 3.1p i think.

[gargoyle2] 13/4/2015 16:21

Goes ex divi in a couple of days.

[battlebus2] 13/4/2015 16:15

Good to see a little blue here today, the annual report made great reading.

[daveas] 08/4/2015 12:40

The share price seems to have stabilised recently and started to creep up. Miton has recently upped its stake and with an order book in excess of £300m , and a market valuation of £29m a small increase in margin to 6% which it was on average 2006/7/8 could make this company share price rise v significantly.
In fridays Times quote ' Despite the slowdown construction companies are the most optimistic about their prospects for growth over the next twelve months in nearly a decade on the back of an improving economy,strong order book and a healthy pool of new invitations to tender.
Subcontractor availability continued to fall sharply,which in turn contributed to the steepest increase in subcontractor charges since the survey began in 1997'

[battlebus2] 31/3/2015 22:28

Miton increasing their holding, now 16%.

[a0148009] 25/3/2015 12:01

This makes an interesting read :-




AO

[dozey1] 25/3/2015 10:00

What I like is the emphasis on quality, and the fact that they nurture apprentices into the top electrical engineers of tomorrow. Topped up yesterday in the expectation of marked recovery.

[a0148009] 24/3/2015 15:22

Yes I saw the deterioration in the pension fund liability big shift from 10.9m 2013 to 16.3m 2014. Last triennial review 2012 11.5m next review due 2015.
It will take some catching up and hike in interest rates notwithstanding committed increase in funding out to 2019 and some of the deficit may be academic based on actuarial standard calculation. This makes me think by reinstating the dividend they are very confident going forward,the market would have accepted less as well as hoping shareholders will take the script which is dilutive over time, there are occasions when directors should do what is right for the company and not seek to buy the shareholders.

Hands up those who would have reinstated the dividend?

AO

[cc2014] 24/3/2015 13:06

My views for what it's worth.

Margin improvements are promised but aren't yet hitting the accounts with any impact. The lag affect in this industry takes some time to sort out.

Cash is now healthy enough and shows a vast improvement and should remove further nervousness on this topic.

I don't like the pension fund liability deterioration and am astonished the defined benefits scheme was only closed to new entrants in January. Has the finance director been asleep to changes over the last 10 years?

Having said all things appear to be going in the right direction just a little slower than expected. At the most crude valuation method, 3.1p dividend at a 5% return gives a value of 62p a share.

Share still seems like a great recovery plan to me. Happy to buy more if it falls, happy to hold on for another couple of years for the big prize

[battlebus2] 24/3/2015 07:41

Yes all to look forward too..Mark Lawrence, Chief Executive commented:

"We are pleased to report record revenues for the Group with a clear indication of our future market share that is defined by a record forward order book of over GBP300m. Two issues impacted profitability last year; they are fully resolved and so, with improving markets, we are free to focus on rebuilding the profitability of the Group.

We have well-founded confidence in the business and in our markets and this means the Board is pleased to restore the dividend cut that was made in August whilst the above issues were being dealt with. We are therefore maintaining the total dividend for the year at 3.1p.

With a record order book and early signs of margins beginning to improve the Board looks forward to 2015 and beyond with renewed confidence."

[ridicule] 24/3/2015 07:35

Very pleased to see we are back on track and the restoration of the 'in year' dividend to 3.10p is a welcome surprise.

Apart from the impressive order book the most significant comment for me was over the successful integration of the mechanical engineering acquisition and the adoption of the Clarke T name for that division. Achieving both an 'M' and 'E' capability opens up the much larger scale M&E market as is the intention. This is the next big building block following the Clarke T expansion from a london based electrical contractor to one covering the nation-wide electrical only market

[hvs] 24/3/2015 07:25

Excellent results.

[dozey1] 19/3/2015 18:59

Just looking round to add to one or two holdings with a bit of cash currently earning 0.00001%. Searching for a steady, overlooked, cash-rich company with quality products sensible dividend and plenty of cash. Well, Hydro Int is one, most boring outfit going nowhere slowly. Is CTO another? Have a fairly substantial holding by my standards,bought in tranches over the past three years in the partially realised hope of recovery. But must say recent pull-back on low volumes is worrying. Has fallen about 25% from recent high with no-one stepping in to hoover up these 'loose' shares. I suspect there may be another gremlin in the shape of failed contract or late- or non-payer, and the news is already with insiders. Pity, because CTO ticks the cash and quality boxes, and must make a brilliant addition to one of the major contractors at what to them is loose change.

[ridicule] 12/3/2015 14:37

Agree CC2014 but it is odd that there is weakness, given the positive trading statement that they issued with improved cash at the clendar year end. Let's hope there are no more contract disputes in the offing!!

[cc2014] 12/3/2015 13:33

Recent pullback on very low volume. There had to be a retrace at some point.

It can do what it wants for now as I've more than confident about year end results.

[battlebus2] 10/3/2015 15:42

Tuesday 24th March..

[battlebus2] 10/3/2015 09:59

No the divi will be announced with results.