Tclarke Share Discussion Threads

[panic investor] 21/2/2017 08:54

Bought a few this morning to join you guys

[tjbird] 21/2/2017 08:53

CTO BREAKING OUT. Results 28 March

[albanyvillas] 21/2/2017 08:36

not any more :) moving northwards

[ivancampo] 21/2/2017 08:29

Still a bit of stock around to clear before next leg up, 150k available on the touch earlier.

[eagle eye] 20/2/2017 16:05

Spot on rivaldo,
I agree with your analysis and took an opening position here last week.
The forward order book is healthy too, so it can be a bit choosy to avoid low margin work.

[albanyvillas] 20/2/2017 15:18

Indeed


Take the cash of and its a PE of 4.5

[rivaldo] 20/2/2017 15:10

Great to see the overhang cleared and the excellent rise last week whilst I was on hols.

With 11.2p historic EPS forecast for 2016, together with a 3.2p dividend - plus a £9m+ cash pile against a £33m m/cap - there would seem to be excellent upside from here.

[dozey3] 18/2/2017 13:18

For me the fraud gave a bad signal to the market as regards competence of higher management. Whilst £2.8m is hardly irrelevant to such a small company in the short term, further out it should ensure smarter checks and balances, and closer supervision.
I sliced a while back, but still like the emphasis on quality and willingness to turn down work where margins are silly. That seems to have engendered a reputation for reliability and top class work with customers coming back for more. I'm inclined to add at current yields.

[cc2014] 17/2/2017 10:26

The £2.8m is pretty irrelevant in the schemes of things. Perhaps after fees they will recover half of it, perhaps not.

The underlying profitability and sales growth will create value long term. Even the £6m in the article above looks low to me.


There are some chunky trades going through today which makes you wonder after the rise yesterday. Can only be good I think

Also Wintefloods have doubled their liquidity on L2 today. I have no idea what that means. They are sitting on the bid at 79.0

[che7win] 17/2/2017 09:55

Larva, I doubt they will recover all the money though.

[larva] 17/2/2017 08:56

If they recover the £2.8m in full, that takes total cash to 30p plus they generate more, this could have 40p cash in a year

[che7win] 17/2/2017 08:52

100p should be easily achieved short term here, then depends on results.IMHO,

[tjbird] 17/2/2017 08:26

for any newbies, courtesy of Aisha post 1679



AISHAH8 Feb '17 - 09:34 - 1679 of 1709 0 0
I added at the open on Monday. Here's the SCSW BUY rec:

T Clarke - Cash adjusted PE of 4.7

74.75p Epic code: CTO
(Sharewatch) T Clarke (CTO; 74.75p), a UK provider of mechanical, electrical and ICT engineering services, was once a stockmarket darling and could do no wrong. It operated nationally for many years and successfully across the lifecycle of an asset from design, installation and commissioning to FM. But then it got hit by several busses at once: the recession led to margin pressure; there were two lossmaking offices (now closed); two contract disputes (resolved); and an employee was found with his fingers in the cookie jar to the tune of £2.8m (recovery of this swindled cash underway). But things seem to have cheered up and CTO has issued an exceptionally strong update with full year profits for 2016 expected to be £6m, materially ahead of N+1 Singer’s £4.2m forecast. Based on eps of 11p, net cash of £9.2m (22p a share) and a record £330m order book, the shares are a buy on a cash adjusted PE of 4.7. 2016 results are due on 28 March.

* The writer has a holding

[tjbird] 17/2/2017 08:05

Level2 firing up

[battlebus2] 16/2/2017 22:09

Let's hope so cc2014.

[cc2014] 16/2/2017 22:08

What a great day. Let's hope we have a clear run to 90p

[tjbird] 16/2/2017 14:56

lid blowofff now to 100p quick

[eagle eye] 16/2/2017 13:42

I'm in here for a few today.
It looks like a protected trade is being worked through. L2 looks strong on the bid.
SNGR is last MM at 78p, then next is 80p.
Not sure how many SNGR have to clear, but otherwise looks positive.

[tjbird] 16/2/2017 12:15

Breakout

used to be 300p

[essential] 16/2/2017 12:09

Technically looks very strong

[nw99] 16/2/2017 10:49

Seller cleared

[tjbird] 16/2/2017 10:06

fine and dandy roll on a quid


Slater took em?

[ivancampo] 16/2/2017 09:46

That's the JP Morgan sells being placed

[flagon] 16/2/2017 09:44

Lots of buying recently ... today 1.291M & 600k buys.