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
  -1.75p -2.34% 73.00p 71.25p 74.75p - - - 130,814 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 278.6 3.7 5.5 13.4 30.54

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T Clarke (CTO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-12-11 14:37:4273.005,0003,650.00O
2017-12-11 14:34:5974.5011,0008,195.00O
2017-12-11 12:34:1375.5012,5009,437.50O
2017-12-11 11:14:4076.505,0003,825.00O
2017-12-11 09:47:4075.0048,27236,204.00O
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T Clarke (CTO) Top Chat Posts

DateSubject
11/12/2017
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 74.75p.
Clarke T. has a 4 week average price of 70p and a 12 week average price of 70p.
The 1 year high share price is 93.25p while the 1 year low share price is currently 57.25p.
There are currently 41,829,577 shares in issue and the average daily traded volume is 56,780 shares. The market capitalisation of Clarke T. is £30,535,591.21.
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.
22/9/2017
11:17
cc2014: It seems it doesn't matter how many contracts they win, it does nothing to the share price... Still sooner or later it will become turnover and profit. I took a look a couple of days ago at this project and it looks very high end to me which is CTO all over and will be interesting to find out in due course what Eton's involvement is.
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
08/8/2017
08:37
cc2014: Regrettably I think the finance director is trying to be too clever. I perceive the FD in every set of results whether interim or finals attempts to smooth the results so as to show a gradually improving situation. Thus, these unaudited results are better than a year ago, although not what we expected. I perceive CTO had a good first half to the year and rather than reporting lush results the FD saw his opportunity to write down the value of some the estimates of final accounts on the projects in Central and South. These issues in Central and South won't have occurred in the last couple of months - that doesn't seem likely - they will have been built up over time. So, what we have here is the FD cleaning up the balance sheet as the profitability of the company increases. The question is whether there is still more to clean up or whether that's the end of it. I'm guessing that the fact that all the hit came in one region suggests there isn't anything anywhere else because it would have made more sense to spread it around a bit if that was the case and they haven't done that. I note the following from last years interims as support for my view that the write off in Central and South aren't recent projects. I think the FD knew he couldn't justify them at year end so dealt with them now: The Group' activities in Bristol and Cardiff were discontinued in the year ended 31st December 2015. The Bristol and Cardiff operations were reported as discontinued operations for the year ended 31st December 2015, and the results for the six month period ended 30th June 2015 have been re-presented accordingly. The remaining contractual obligations of these businesses were transferred to the expanded South-West division, and further work is being undertaken in 2016 to close out these contracts Imho of course. I can't say I'm very impressed today. Once the dust has settled I expect the share price to claw it's way back to 90 over time, where once again it will meet resistance.
17/7/2017
08:45
rivaldo: N+1 Singer have left forecasts unchanged, but hadn't assumed any recovery at all, so expected the share price to rise by around 3p-3.5p today....hope they're right :o)) "Clarke has reached an out of court settlement for the recovery of £1.43m (by 31st December 2017) in relation to the financial irregularities identified within its subsidiary, DG Robson Mechanical Services Ltd (DGR). This represents approximately half the £2.8m identified as having been misappropriated within the original announcement of 31st October 2016. T Clarke continues to pursue other third parties in order to recover the balance of the misappropriated funds. We had prudently assumed no recovery in our forecasts and therefore consider this positive news this morning and expect to update our forecasts alongside the interims on 8th August. £1.4m represents c.4% of the current market cap and we would therefore expect the shares to respond accordingly."
06/7/2017
11:06
cc2014: Another reason I'm so bullish on CTO. N.G. Bailey - one of the few M&E contractors and competitors who aren't part of a larger group. Results out yesterday. No market reaction in share price on CTO at all. https://www.constructionnews.co.uk/companies/financial/ng-bailey-doubles-profit-and-grows-revenue/10021372.article?blocktitle=More-news&contentID=7121 Doubles profit to £12m on a turnover of £500m. It's all about the margin. Which is where I think this stock is going and why not only have I filled my boots but also my wheelbarrow.
05/7/2017
10:40
cc2014: I think the point over CTO exposure to the high end banking sector is well made, although I would suggest this is already in the share price as the share price is currently depressed below any reasonable valuation. Half their work is in London and they are growing outside of London 2016 growth figures: London 11% Central and SW 19% North 28% Scotland 30% The company does frustrate me though. I see they have opened another office in Dumfries. Presumably driven by increased business north of the border
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