Share Name Share Symbol Market Type Share ISIN Share Description
Clarke T. LSE:CTO London Ordinary Share GB0002015021 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -0.13% 78.60p 77.40p 79.80p 78.80p 78.80p 78.80p 15,993 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 278.6 3.7 5.5 14.4 32.88

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T Clarke (CTO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-22 15:59:3778.185,0003,909.00O
2018-02-22 14:47:2979.504,9933,969.44O
2018-02-22 10:57:0278.802,0001,576.00AT
2018-02-22 10:56:0679.004,0003,160.00O
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T Clarke (CTO) Top Chat Posts

DateSubject
22/2/2018
08:20
T Clarke Daily Update: Clarke T. is listed in the Construction & Materials sector of the London Stock Exchange with ticker CTO. The last closing price for T Clarke was 78.70p.
Clarke T. has a 4 week average price of 68.20p and a 12 week average price of 68.20p.
The 1 year high share price is 93.25p while the 1 year low share price is currently 68.20p.
There are currently 41,829,577 shares in issue and the average daily traded volume is 16,504 shares. The market capitalisation of Clarke T. is £32,878,047.52.
19/2/2018
12:02
cc2014: I have no significant rationale for this other than gut feel but it feels like the endless institutional selling has finally stopped. Certainly the fall in volume suggests that the institutional sellers are no longer running a mentality of "need to shift x thousand this week regardless of what it does to the share price" Nor does it feel that the buying down here is short term traders who will simply sell on for a couple of points or sell out if the trade doesn't work within a month, but more PI value hunters. Today's trade is typical. 6454 shares at 76.9p comes to exactly £5k with commission and stamp duty. It will be interesting to see what happens. On a short term basis there's computerised buy program running which slowly moves up the bid. It has the patience of a saint though, doesn't get out of bed until after 9 and sometimes not until 10:30, isn't moving up by more than a penny or so a week and isn't interested in competing with other trades on the book. Is it starting to annoy Winterfloods who largely control this stock with Singer. Winterfloods are trying to square their book right now after the buy at 76.9 and have imho loaded a fake sell order. I expect if their plan doesn't work by late afternoon they will try something else.
05/2/2018
10:30
cc2014: I too subscribe to "no point in having a portfolio which tracks the FTSE." I have 14 stocks and 1 bond in my portfolio and I have a mix of decent paying yield stocks and growth stories. Some are both which are even better. I'm pretty comfortable with 15 - it's a number I can manage and know the companies inside out. I would be comfortable raising this to 20 CTO comprises 48% of my portfolio with no other stock over 10%. I would not recommend this approach unless you are absolutely sure of your investment. My purchases have been at a variety of prices from the low 40s so it didn't start out as 48% of my portfolio but a lower percentage. Regrettably I have a few in the low 80s when I've got a little over-enthusiastic but this is only a regret in terms of my timing not my willingness to hang onto them. My reasons for the trade are: 1. I worked at Director level in the M&E contracting industry for 8 years so I know this business inside out. 2. The board of CTO has the strategy right for their sector 3. I have met Mark Lawrence the CEO, other members of the Board and some of their senior staff and I'm comfortable they know what they are doing, work together as a team and their skills match those that staff in these senior levels should have 4. I like the style of under-promise and over-deliver 5. The trading updates and RNS's are absolutely clear. There is no attempt to paint a picture that is either better or worse than it really is. 6. The P/E ratio, EV, net cash all support a view of a healthy company that is managed financially well. Only the NAV is a drag due to the pension scheme deficit which they have a published recovery plan for and increasing bond yields will improve this over time regardless of the recovery plan 7. The dividend of 3.3p (probably 3.5p when results are published) gives me a yield of 4.4%. As they are only paying out 32% of post tax profits as dividends and they have no debt to speak of except the pension deficit which is being recovered anyway, the worse case scenario would appear to be that the dividend would provide a floor under the share price 8. Finally the current £6.5m profit is being produced against a background of low economic growth and poor construction output & PMI's. When these figures pick up sometime in the next 5 years profits will grow fast through a margin pickup. Over a five year period It's king of like I see the dividend providing a floor such that the dividend yield won't let the share fall below 70p, so a downsize of 5p, but I've got an upside of 175p.
01/2/2018
10:24
edmundshaw: Nice opportunity for me to complete my investment here this morning. I have no strong idea why the price is doing what it is, but being an longer term fundamentals-based investor I am happy to take what I am given... FD change: I cannot judge the outgoing fellow, so for me the only risk would be to end up with a weak one after the interim FD. But I do not see the share price suffering "just in case" for two years on that worry. Hopefully, with a good amount of time to look about, the board will secure a strong candidate, and the share will react appropriately. Nothing worse than having to appoint whoever is available on short notice...
01/2/2018
08:52
cc2014: Morning all. I see as usual the MM's have taken out a load of stops and someone got really screwed at 73. Trading in-line. Cash £2m better than expected and now at £12m. Further confirmation no impact from CLLN. So, on to the FD. After the £2.4m fraud I was surprised he didn't go then. Hard to retain credibility after it's happened on your watch, especially since after in excess of 5 years purchase of the subsidiary involved it appears part at least of the payment process was being done locally. And then there's the badly worded RNS a couple of years ago on the covenant breach which caused the shares to collapse even though there was no danger to the cash situation or bank lending. The RNS is here if you want to read. The first one is the statement, the second one is the one they had to rush out after the share price reaction. https://uk.advfn.com/stock-market/london/t-clarke-CTO/share-news/ClarkeT-PLC-Interim-Results-Announcement/63144407 https://uk.advfn.com/stock-market/london/t-clarke-CTO/share-news/ClarkeT-PLC-Clarification-Regarding-Banking-Facil/63199974 I note he hasn't left to go to another job. In fact no mention of why at all. And the fact they've had a heavyweight interim in working alongside him for a while. I suggest he's been exited by the Board in an orderly fashion and should be helpful to the share price in the long term.
12/1/2018
09:44
cc2014: So, we can there has been a battle at 87 with a buyer going in for significant volume. It looks like the seller is exhausted now but maybe he will return. It now looks like the MM's have gone "we don't know wtf is going on here" so the spread has gone massive. It protects them from losing money. There are a couple of points to be made. 1. The sector has picked up a bit since Xmas, apparently there was some report in the telegraph that the commercial property market is no-one near as depressed as everyone though. Additionally we have seen really good manufacturing output and whilst this isn't shown in construction output yet, you can only sweat the assets so long and the construction output follows sooner or later. 2. Maybe someone has gone and done some work and discovered CTO don't work for Carillion or at least the risk is minimal. You can see this in the list of turnover by company in the last analyst presentation. Or, it could be that the work they do for Interserve now seems derisked as evidenced by IRV share price more than doubling in the last month 3. It could also be that Chelverton who own 1m shares had a fund raising which completed I'm not sure but in the last week or two are coming in for more shares. I'd say the buyer still wants more stock. From the trades this is an institution/fund collecting rather than a PI with deep pockets which is the first time this has happened on the order book in the four years I've been holding these shares. Finally we seem to have got rid of most of the players who keep flipping for a few pence and someone is actively trying to acquire stock in volume to hold. I'd say this is a strategic move across the sector and as usual CTO has been lagging. My guess is we spend a bit of time here or at 90, which the buyer collects a bit more from the weak sellers as some always come out at previous highs. Tbh I'm surprised there haven't been more
17/11/2017
07:12
rivaldo: That's a terrific update considering the share price gyrations: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CTO/13434917.html Nicely in line, £9m net cash, looking for more acquisitions, a terrific order book and high revenue visibility. Plus a second RNS with an impressive NED appointment emphasising CTO's transition to a digital future (emphasised by the new contract wins in both M&E). Extremely reassuring.
15/11/2017
11:39
cc2014: It's bounced now back to where it was yesterday and more strangely on a day when the sector isn't doing very well. Kier down 2.5%, GFRD down 0.9%. I would really like to understand what's going on but I suspect it's as simple as someone wanted out before the results and the market couldn't absorb the volume they wanted to shift. I think we also entered the area of sometimes when stocks are falling fast, instead of drawing out buyers more and more selling occurs. I have been here so many times where I spend huge amounts of energy trying to figure out why such and such a share price seems irrational. History shows me that although a share price can remain irrational for years sometimes, if the directors are delivering profits it sorts itself eventually. As long as I'm getting the dividend stream I'm happy to be patient.
15/11/2017
10:51
tuscan4: Just to cheer ourselves up,Bowman & Kirkland won the second highest number of places on the £8 bn. Schools Framework announced yesterday . CTO North are active with this company. See P 26 of the Annual report. Slightly ominous when a share price falls ahead of an update like this. Could be just poor liquidity/ Brexit nervousness/ concern that the order book may be falling/problems in specific contracts etc. If none of the above materialize we can expect a decent bounce. If I were the Directors I would be concerned (assuming nothing untoward is going on) about the obvious mismatch between market value and intrinsic worth.
08/11/2017
12:50
tuscan4: I too am a patient investor. 4 years in January since my first purchase. Unfortunately the outlook for the construction sector has deteriorated in recent months,so it is understandable that a steady drip of selling is taking place. Could it be that technical factors are also weighing on the CTO price? MIFID II in January will negatively impact interest in smaller companies and perhaps the few remaining investment advisors left in the City who are able and willing to look at the CTO's of this world may throw in the towel. I retired from stockbroking nearly five years ago in the face of rising regulatory onslaught, and I suspect that the new breed of "advisors" must sing from a fairly bland song-sheet and have little appetite for sub £100m companies. Indeed , the appetite for investing in individual companies is under attack, as risk levels are racheted downwards. Current CTO selling may be merely partly the result of portfolio cleansing and not specific to the company. Value will out has always been part of my investment philosophy, however , with the rise of Passive investing, which will never encompass smaller companies, we must now assume that there will be a growing disparity between large/small, liquid/illiquid stocks . For the smaller quoted company this opens the way to acquisition, and perhaps CTO could be vulnerable on this count but after 100 years plus as an independent company one shouldn't hold ones breath. If ,as I believe CTO will come in with c £8m pre-tax, a strong balance sheet,a diminishing pension problem as rates go higher, and a business model which will help build an economic moat around its market position, then the shares are clearly outstanding value sub 100p. Patience will be rewarded IMO.
09/8/2017
08:35
cc2014: Choices are: a) economy keeps bumbling along at a fairly depressed rate of growth for next five years due to Brexit. Growth still exists though and CTO are able to continue to improve turnover and margins by a small amount = gradual rise in share price b) economy keeps bumbling along at a fairly depressed rate of growth for next five years due to Brexit. Growth still exists though and CTO are able to continue to improve turnover and margins materially and no further one off shocks = decent rise in share price c) deal done with Europe over free trade = pick any construction share you like and get an instant 25% rise in share price plus longer term growth d) no deal with Europe. Probably looks like a) as certainty is better than never ending not knowing. Could result in instant fall in share price following by gradual increase as happened after referendum vote
T Clarke share price data is direct from the London Stock Exchange
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