Tclarke Share Discussion Threads

[cc2014] 30/10/2017 12:18

Well it seems to be coming back now on low volume and as irrationally as it fell. Certainly the selling has stopped completely.

Who knows what's going to happen next. 76.8p to buy right now despite the ridiculous spread

[igoe104] 30/10/2017 11:55

over a 6% fall, for no reason ?

come on CTO learn to be a bit more share holder friendly, no trading update even though lots of new contract wins ?


No director share purchasers even at this level ?
even though they have a fair few directors.

[cc2014] 30/10/2017 09:50

That's a long way to fall just because Tony Pidgley at Berkeley sells a few shares. At least I assume that's the reason. Stops firing I guess. Hard to tell. Fell sorry for whoever sold at 70.25

Edit: quite a few sells gone through at 73 and continuing to come through. Someone serious about selling for whatever reason.

[xajorkith] 26/10/2017 02:17

Interesting article discussing how undervalued companies with large pension deficits should gain from a rise in interest rates & updated longevity forecasts:



Not the most upbeat piece, but something to consider in light of todays GDP figures, here & for many other companies weighed down in this way.

Should probably go to sleep now.......

[cc2014] 24/10/2017 18:08

It's now apparent office building and civils are going to struggle a bit next year. CTO don't do civils of course which are being hit particularly hard.

However, they've won one nine elms starting on site in 2018 so I think that should nicely dovetail into 22 Bishopgate, leaving them with a fantastic order book to see them through 2018 before things pick up again in 2019.

So, whilst I recognise the sector is struggling CTO look to be in a good position.

I have no idea how much this project is worth to CTO but those are two serious sized towers and surely leave them secure regardless of any downturn. Through Multiplex too who CTO get on with very well.

This from the nine elms website "Nine Elms is the largest regeneration project in Europe, transforming 3km of London's riverside into an ultra-desirable residential quarter, international business district, and outstanding cultural and leisure destination"

[dozey3] 24/10/2017 16:18

Just depends if construction generally hits the buffers in which case earnings could suffer badly. That seems to be what the market is pricing in, and with Brexit talks floundering it seems a reasonable line to take. OTOH for the longer term (3 or 4 years) it may well be a good entry point.

[igoe104] 24/10/2017 15:48

These are dirt cheap, and a p/e of around 6 for this year, surely a big correction can only be around the corner.

[cc2014] 24/10/2017 11:54

Cooking on gas now. 81p to buy so presumably that last 10k buy wiped the MMs out of the stock they had left sub 80p

[cc2014] 24/10/2017 10:22

How curious. Spread 77.25 to 84.75 but you can buy for 79.5.

I'm wondering if the T20 buyers will be coming in soon before the trading update on the 17th November. They can buy now giving them a couple of days the other side of the results to get out of the trade.

[cc2014] 17/10/2017 08:46

Took a few more this morning at 79.5. Delayed trade. Really didn't think I'd see that price again but hey this is the stock market.

[cc2014] 10/10/2017 10:40

lol. Well whoever got up this morning and wanted to buy around 13k shares between 82 and 83, it only took about half an hour. Surprised it took that long which is good news.

I assume the trade of 42 shares at 80.5 is code for something but I have no idea what

Edit: well three hours later we are back to where we started first thing with decent volume sitting on the bid at 82.25. Let's see how long it lasts this time.

[cc2014] 10/10/2017 08:18

Well all I can say is that the MM's are clearly confused with regard to the direction of flow of trade. I'm not surprised as we've seen any number of irrational sells at just above 80 when just a few hours earlier alot better price could have been obtained.

Let's see what happens this time. Price currently 82.75 to 85.0. Let's see if and how long the bid holds

[dozey3] 09/10/2017 12:59

Haven’t heard they are into ‘residential plumbing’ before. Am I just out of date or is this a new field for them?

[rivaldo] 09/10/2017 10:09

More news - good to see Scottish expansion being demand-led:



"Clients support TClarke Dumfries opening
Posted: 04th October 2017

TClarke Scotland Managing Director Gary Jackson sets out the strategy behind TClarke’s expansion into the borders of Scotland.

The truth is that the Dumfries opportunity came looking for us - rather than the other way round. Some key partner clients approached us separately and said ‘We like what you’re doing in central Scotland, what would you think about partnering with us on projects down in the borders?’

Those conversations developed into some significant sized opportunities, which have now become contracts and live jobs for us. Moreover we had within the organisation a ready made leadership team with one of our senior people living in this expanding area .

This gave us the confidence that we could immediately consider delivering work to the TClarke standard should we choose to take the opportunity.

The third key factor has been the support from our head office team. TClarke has a very go ahead culture when it comes to taking opportunities. We reviewed the risks and opportunities and we got all the support we need - so here we are, very quickly set up and established in Dumfries, working with three major clients on three major projects with a potential pipeline in the region opening up for us too.

The Dumfries project is simple validation of the fact that people want to work with TClarke - they know what they get from us and they value it. And when TClarke does enter a market, we do it the right way, creating local employment and engaging with local supply chains . We’re very happy to be here and look forward to developing our residential plumbing & electrical services and FM services to support our established M&E operations."

[rivaldo] 06/10/2017 12:37

New article about the recent acquisition - good to see CTO driving home the point about their move into the technology and big data space.

Here's the intro and a paragraph about the potential use of Big Data (it's a long article):



"The Strategy driving our ETON acquisition
Posted: 04th October 2017

TClarke Group Managing Director, Mike Crowder and ETON Director Jamie Ward set out the strategic picture behind TClarke’s acquisition of Integration specialists ETON Associates

Technology is a strategic growth area for the whole construction sector

The Construction marketplace is moving rapidly towards integration of all building systems and digital networks. This is being driven hard - both by end users and equally by principal contractors. Both see big benefits - in the efficiency of the building and the efficiency of the construction programme.

Big data is transforming the world of property management by allowing building owners, users and operators to measure, manage and improve efficiency - whether that be by saving energy or using space in far better ways - but that only happens once you have integrated ICT systems delivering all the data you need.

For principal contractors, the increasing complexity of data, security and alarm networks has added to the complexity of construction programming. On major integration projects we can now simplify this for them - allowing them to deliver high quality - but with less management and simplified construction planning, dealing with one supplier instead of four.

Giving TClarke complete control for major integration projects

This acquisition gives us complete control to deliver major integration projects. It is the perfect addition to our substantial existing capabilities - and we know through practical experience.

Because ETON are not only market leaders, this team is one we have worked alongside on landmark projects like 22 Bishopsgate, Bloomberg Place, HM Treasury and Angel Court for over 20 years. So we know each other very very well, we share values and we know their teams and their leaders very well."

"Now is the perfect time

This move makes so much sense at this point in time because the technologies are now there to match the concepts.

Big Data is a global reality now and it will have a massive impact across construction.

For example, one global industrial company we know has a target of dropping their energy consumption by 1% and this would net them $1bn. It was not possible just a few years ago because the technology was not there. Now with IP addressable metering you can pick up 20 lines of information from a single meter and the potential to learn from the data and make savings can become a reality. The only 'But' is that you have to have truly intelligent buildings or you can't get the data you need to access the savings.

As we move forward there are yet more technology advances - like power delivered over IP so you can run power for light fittings round the same ethernet cabling that delivers data.

When you put ETON’s integration capabilities alongside TClarke’s substantial data infrastructure, fire and alarm systems then we know that there is no one else in the market with this depth and breadth of expertise and resource."

[xajorkith] 03/10/2017 11:34

Frustrating share to have of late but agree a substantial re-rating due at some point.

Chart looks a lot better on a long term view, building (slowly) towards a breakout above clear resistance / support around £1.

Strong forward order book with revenue & margins increasing nicely across most of the group (notwithstanding short term issues in the Central & SW region) with broker forecasts being moved up to match.

Seems far too cheap on a 6-12 month view imv.

[rivaldo] 03/10/2017 11:01

Good to see buying at 85p today.

Great spot above igoe and CC2014 re the London One Nine Elms contract win, which must secure a further chunk of earnings for next year:



CTO will get a very nice re-rating at some point.

[igoe104] 25/9/2017 08:16

yep, it just seems the share price is being manufactured to keep bouncing between 81p -83p at the moment. also noticed another project win with keepmoat homes.



Another great project win! Congratulations to our Plumbing team, who have secured 3 developments in as many months with Keepmoat Homes

[cc2014] 22/9/2017 12:17

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.

[igoe104] 22/9/2017 09:31

Great contract to add to the 2018 numbers.

[cc2014] 21/9/2017 11:12

In the FTSE 250, Kier Group shares jumped 9% after the construction and services company reported an 8% increase in full-year profit to £126m

...

[cc2014] 21/9/2017 10:03

After that frantic buying in the last 8 minutes last night I guess I expected something to happen this morning.

What I do see is the MM's appear to want nothing to do with the stock again.
SING 79-87
WINS 76-86
I'm guessing they have got burnt a few times recently trying to work orders here and right now they've opened the spread to try and protect themselves.
SING up to a month ago or so ago were working on a spread of 6-7. WINS usually on 6.

Let's see if yesterday's pattern repeats with the price closing to the upside during the day

[allstar4eva] 20/9/2017 19:00

Chart also looking poised...

[igoe104] 20/9/2017 18:53

Yes I noticed that, a couple a decent trades came in before the bell.

[cc2014] 20/9/2017 16:48

some interesting trades in the last 10 minutes. All of them AT meaning on the order book. Someone wanted in and hopefully whoever was selling at 84/85 is done now.

"Great to have secured the Electrical Shell & Core Package at One Nine Elms The two towers rise to 58 storeys and 43 storeys. On site 2018" - news 2 days old though. I imagine 58&43 storeys is a sizeable contract.