Tclarke Share Discussion Threads

[allstar4eva] 12/7/2017 10:06

Short term I don't think anyone expects a change. It is the outlook statement that people will focus on imho...

[rivaldo] 12/7/2017 09:55

GB, if anything material had changed since the AGM statement any company would have had to say so prior to the results.

Evidently it has not, so we should be safe in the knowledge that CTO's positive sentiments have continued since that date.

[grahamburn] 11/7/2017 17:52

rivaldo.

Don't think you can read anything into a Notice of Results RNS about current trading.

It is what it is - and it would be very unusual to attach any other information in such an announcement especially as it is less than a month before the results date.

[cfro] 11/7/2017 16:20

Looking forward to that event then and hopefully it will be the start of a turnaround in the share price

I note todays fall is more to do with the spread widening.

[rivaldo] 11/7/2017 15:58

RNS - results will be out on August 8th:



Since there's no commentary we can assume that nothing's changed since the AGM statement, which of course stated:

"we expect revenues and profits for 2017 to be ahead of current market expectations".

Enough said!

[cfro] 11/7/2017 14:11

Looks like you spoke too soon CC2014...

The weakness here seems strange given the strength of the last trading update.

[cc2014] 11/7/2017 14:10

I spoke too soon. Does the seller read my posts?

[cc2014] 11/7/2017 11:49

I note that the selling has stopped this week. Kind of co-incidental with the Carillion news methinks.

[effortless cool] 06/7/2017 13:05

Nice spot, thanks. They improved operating margin by 60% (i.e. x1.6) in the year to Feb 2017.

[cc2014] 06/7/2017 12:06

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.



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.

[opodio] 05/7/2017 11:46

Can buy 50000 in the middle
Someone dumping or massive overhang

[cc2014] 05/7/2017 11:40

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

[dozey3] 04/7/2017 17:50

Igoe104, There is evidence that banks and financial outfits such as Barclays are jockeying to expand/locate offices in EEC countries. Logic suggests such investments are likely to be at the expense of the UK market. The Times said today something about large Japanese companies choosing Germany for their European bases. I try to look ahead, beyond the current order book, and it seems to me CTO will be a prime victim of any slowdown over here, since it has no overseas element. Just my take on it, and WDIK?
See muckshifter has much the same fears as me.

[muckshifter] 04/7/2017 14:45

Well, I have a few of these, and the order book is indeed a comfort, but it doesn't entirely dispel my fears about the effect of brexit on our future workload.

Perhaps the acceleration in the size of the order book since the brexit vote is partly due to doubts about availability of European workers, who knows? Another thing worth thinking about is the timing of Clarke's work, ie. it is carried out at a late stage of the project, so any slow down will be "signalled" by building contractors a year or so before Clarke feels the slowdown, which is a help. My expectation, assuming Theresa May gets her way, is that there will be an exodus of financial people from the city and I really see that as very detrimental to the heavy workload Clarke have in the city.

[igoe104] 04/7/2017 14:18

Dozey, where the evidence of the brexit blues starting too kick in ?

Its just the opposite at the moment with a record order book.


Our confidence for the medium term is underpinned by this ability to secure significant projects in the markets where we operate. As a result of new project wins our replenished order book has for the first time surpassed £400 million and as at the 30th April stood at £402 million an increase of 22% since the beginning of the year.
As a result of the strengthening order book and based upon current project programmes we expect revenues and profits for 2017 to be ahead of current market expectations, which are revenues of £300 million, underlying profit before tax of £6.1 million and underlying EPS of 11.3p.
Our direct workforce is valued by our clients and we believe this contributes to our success.  We will continue to target opportunities to match planned capacity and resources with a focus on projects which further improve the margin profile of the business.
The next update is scheduled for 8th August 2017 with the release of the Group's interim results

[albanyvillas] 04/7/2017 13:45

Will plunge to 60

Bad chart

Directors Greedy not liked - look what happened to VLK when they got greedy

[dozey3] 04/7/2017 13:38

Well I've taken two thirds of my holding off the table in the last month. The company is great even if the directors are greedy, but Brexit will put a damper on developments over at least the next two years which is why the price is wobbling.

[cc2014] 04/7/2017 12:13

The IHS Markit construction purchasing managers' index (PMI) eased back to 54.8 in June. This was slightly below economists' expectations and down from 56 in May.

I think some are forgetting that 54.8 is pretty healthy and I'm not sure what else would have been expected with the snap general election

[cc2014] 04/7/2017 10:39

The share price feels like it's stalled. Lack of interest seems to continue to bring out sellers which get snapped up by the buyers every time the offer falls to narrow the spread.

I guess we are stuck until either these sellers stop or the half year results arrive

[cc2014] 28/6/2017 14:04

Kier results great today confirming construction sector in good health. Someone continuing to sell out here against the sector flow

[tuscan4] 28/6/2017 11:53

Thanks for that igoe104. With some doubts now over the prospects for the London market(not shared by myself however) it is very encouraging that CTO has 50% of its business outside the Capital. This comment on Newcastle is yet another piece of the jigsaw showing the sheer quality of the CTO business model, falling into place. Margins of 4.1% are to me indicative of the potential for the whole group which reinforces my belief that market expectations are too conservative.
August interims may be the catalyst for a long overdue rerating.
Dividends will be the key I believe. Total dividends paid to shareholders are currently £1.3m and this compares with Director remuneration of £1.87m. This needs to be rectified I feel.

[igoe104] 28/6/2017 10:31

Good to see the north - east division doing well.

hxxps://t.co/FXTkc2R2FK

The Newcastle division of a building services group has hailed its "impressive revenue growth" after sales increased past the £10m mark. It also confirmed it has a robust forward order book for the remainder of 2017.
TClarke Newcastle, which was previously known as Veale Nixon, is based at the city's Hunter House.
It rebranded last year in a move which meant the entirety of the TClarke group came under the same name for the first time.
For the year to 31 December 2016, the company reported turnover of £12.5m compared to £9.93m a year earlier.
Pre-tax profits were also up from £501,967 to £519,049.
Writing in a strategic report accompanying the results, directors at TClarke Newcastle said the construction sector had faced "extremely challenging conditions" over a number of years, on the back of low levels of confidence in the UK impacting on demand for new builds and maintenance services.
However, remaining upbeat they added: "The company has achieved impressive revenue growth built upon its excellent reputation within the industry in the North East, while maintaining strong profit margins.
"The company has a robust forward order book and is focusing on sectors that offer potential for growth, including facilities management, healthcare, education and office fit-out.
"TClarke Newcastle continues to target established building contractors and end-user clients."
At the time of the rebrand, director Kevin Mullen said falling under the TClarke name would help "raise our profile and increase our ability to win work".
"What's important to say also right up front is that we’ve built some strong and deep relationships in the North East - with partners such as H.Malone," he added. "Those partnerships will remain at the heart of what we do and we value them enormously.
"The fact is, we've been part of TClarke for fifty years - so this is simply the statement of what has been the reality for a very, very long time."

[interceptor2] 27/6/2017 15:59

Chart seems to following a similar pattern after the last rise in January and February which was followed by a slow reverse, agree that half year results likely to be the next catalyst.

[cfro] 27/6/2017 13:53

Yes, frustrating price action indeed. May not see any real movement perhaps until August.

[cc2014] 27/6/2017 13:28

Rinse and wash continues. A little frustrating. At this rate the half year results will be the catalyst