Tclarke Share Discussion Threads

[cc2014] 12/1/2016 11:15

Sorry trading statement this Friday

[ivancampo] 12/1/2016 10:51

Scheduled for Fri 15th - big trades at 90p after hours yesterday, hence the move up, chart looks exciting.

[sspurt] 12/1/2016 10:38

CC2014 - are you sure trading statement is on Sat 16 Jan?

[cc2014] 08/1/2016 19:34

This is starting to look really very nice

[cc2014] 07/1/2016 12:37

Up again so today against another horrible day on FTSE. Trading statement due on 16th so it seems someone wants in before then and it being forced to move the price up as very few sellers are appearing

[ivancampo] 06/1/2016 13:17

They usually update mid Jan so hopefully we will get a confirmation of recent positivity continuing.

[cc2014] 06/1/2016 12:50

And strangely moving up on a dire day on FTSE and in the sector

[cc2014] 05/1/2016 13:27

Seems to have consolidated after the spike on the trading statement and is now starting to rise again

[sspurt] 27/11/2015 11:05

Many thanks Paul. V useful indeed. Please keep up the good work as it is much appreciated.

I particularly liked the fact that the CEO is not a polished presenter, just a straight up long served businessman who focuses on running the company. Spoke directly and knowledgeably. Just hope he doesn't have a bloomberg on his desk or a fountain in the HQ foyer.

[profdoc] 26/11/2015 10:37

Paul,
Thank you very much for taking time to do the interview. It was extremely useful, reinforcing the positive messages present in written material - they really are optimistic about London, aren't they!
I do hope the directors buy some more shares though.
Glen

[gargoyle2] 26/11/2015 07:25

Paul,
Good interview, thanks for taking the time to do that.

I wasn't particularly impressed by the CEO's answer to the question about the low directors' shareholdings. That's always been a big negative for me. As at March this year, the three top exec directors (CEO, FD and Group MD) had 62,250 shares between them -- worth only GBP 54k. That's all they have to show for a combined total of 65 years in the company. With a remuneration package of GBP 300k, and a pension pot already worth over GBP 1 million, I would have expected Lawrence in particular to have put his hands into his pocket a bit more. Maybe now that they feel 'more confident than we have done for a good number of years', we'll see some buying at last.

[paulypilot] 26/11/2015 00:51

Hi CC2014,

Thanks, glad you found my interview useful.

I thought the CEO & CFO at T.Clarke came across really well today - solid, hands-on managers, was the impression I got. It was the first time I had spoken to them, and to reiterate, I didn't charge a fee, so was free to ask anything I liked.

These things are quite nerve-wracking to do, so am conscious it wasn't perfect, but hopefully useful.

Regards, Paul.

[cc2014] 25/11/2015 22:54

Interview well put together by Paul and worth a listen if you are not familiar with this sector.

Everything on plan as far as I'm concerned and certainly enough in the interview to enable the share to stabilise at this higher level before moving on to the next stage.

[paulypilot] 25/11/2015 20:34

Hi,

I recorded my interview with the CEO & CFO of T.Clarke today. Here is the link. I hope you find it interesting.



Regards, Paul.

[paulypilot] 21/11/2015 12:45

Hi Coolen,

Would you mind submitting your question(s) using the form that I gave a link to in post 1452 above, as that will put all the questions in one place, rather than replying to this thread.

This saves me having to go back to multiple threads on multiple sites to search through for questions, as I've found in the past, doing it that way meant I missed some questions accidentally.

Thx.

Regards, Paul.

[coolen] 20/11/2015 21:55

Q: Would be interested to know at what level their borrowings peak during the financial year, either historic or projected.

Follow-on Q, is whether it is approx the same time each year ?

[paulypilot] 20/11/2015 18:43

I'm doing an audio interview with T.Clarke next week. If you wish to submit a question (I'll ask as many as possible), then please submit your concise question using this form:


The deadline for questions is midnight, 24 Nov 2015, as I'll be recording the interview on 25 Nov 2015.

Should be interesting to compare what they say with what Waterman (WTM) said in my recent interview with them.

Regards, Paul.

[grahamburn] 20/11/2015 15:12

There is nothing underhand in that accounting treatment. In fact, it complies with recognised practice, so the phrase "need to watch them" is slightly mis-directed.

The next statement should show very clearly "discontinued operations" effectively as an exceptional item so that the statement after that can be compared properly with that statement.

[profdoc] 19/11/2015 15:57

We certainly need to watch them, and be aware of all the profit numbers, not just those they would direct our attention to. It's certainly a bad sign if they can't be straight about it (alongside the low level of shareholdings by directors, except one).
Glen

[coolen] 19/11/2015 15:04

By keeping profitable contracts within P&L but shunting the Bristol and Cardiff loss-makers to "discontinued operations" will this not lead to an artifical boost to the P&L ?

[profdoc] 19/11/2015 11:02

Just a quick note: I was very pleased to read in TClarke's interim management statement today that the expected profit margin improvement discussed in earlier posts (5th -10th Nov. is on track as customers become more willing to pay in a tightening market for skilled sub-contractors.
Glen
Here are the key sentences:
"We can see a significant improvement in the quality of our order book as we work through the majority of contracts awarded during the down-cycle. We are increasingly confident that this will be reflected in a material increase in our operating margin during 2016 and 2017. The improving quality of our order book is a function of our strategies of focusing on those business units and regions with the greatest potential to impact our future performance, especially London; aligning ourselves with high quality contractors; and bidding only on those contracts that offer appropriate returns.

The Group has continued to invest in its engineering and skilled resources to ensure the delivery of our target order book and our intention is to maintain a strict focus on projects where we are either in limited competition or there is a single point of negotiation and where we believe we can return margins that align with our strategy. Increasingly, clients are concerned about the limited availability of high quality resource in our sector. TClarke is regarded as a partner of choice in the sector and this should lead to further opportunities and provides substance to our confidence in future operating margin trends."

[cc2014] 11/11/2015 19:39

Yes of course interim statement - I knew that but wrote something different. lol.

Anyway it seems we've finally broken to the upside. Hurrah

[sspurt] 11/11/2015 15:45

Looks like a bit of punting in front of next weeks statement.
Who knows if it will be bullish or not but for a turnover of circa £240m p.a. this is capitalised at a jam tart - just £33m.
I am hoping for a bland update otherwise my 2016 nap will have to be re-thought.

[grahamburn] 11/11/2015 15:38

CC2014.

It is only an interim management statement which is scheduled for next week (formal results are March and August). If it happens (which is not a certainty now that IMS's are no longer mandatory), it may well provide an indication of how the business is doing, but only an indication.