Tclarke Share Discussion Threads

[tim1478] 07/6/2019 17:58

I am a PI who got stopped on dip. I have bought back and will do so again if there is a further dip to 105 , which I think is a possibility

[william7093] 07/6/2019 16:38

What is the background of t Clarke director

[texaspete2] 07/6/2019 14:53

The size of the purchase is also even more encouraging, increasing current holding by 42%. GLA

[tuscan4] 07/6/2019 14:31

I read this purchase as encouraging. They would not be making such a commitment if there was any bad news in the wings imo.

[cc2014] 07/6/2019 13:48

Company buys 250k shares today at 120p for ESOT. Someone must have sold a shedload if they were able to buy that many or alternatively the MM is still working it and the price will creep up later.

[cwa1] 07/6/2019 13:45

Grabbed a few at 115p. Probably go lower still but hoping that buying a quality company at a reasonable price will pay off over the medium to longer term.

[its the oxman] 07/6/2019 13:00

Frustrating dip but happy to add and wait for next figures. Last update was pretty positive here. Be very surprised if we stay this low for long.

[from8to800] 07/6/2019 10:34

Either someone knows something that the market doesn't or this is the worst execution of a sale order I've ever seen. Or someone's in desperate need to get some cash.

[cc2014] 07/6/2019 09:49

Bizarre. Kier up 8% today, rest of sector about as much up as it is down.

A reminder from house broker:
On on FYl9 P/E rating of 6.1x, TClarke trades at a substantial discount to peers (7.8x). We believe that earnings momentum and revenue visibility should support a higher share price. Whilst Brexit is likely to dictate near term sentiment, we see re-rating potential as uncertainty clears. We believe a P/E rating of 8.6x is justified, a l0% premium to the sector. This would imply a share price of 150p.

IC also have a price target of 150p

[nattagoza] 05/6/2019 14:19

My view is if you like the company have done your research and confident that the price will be at the anticipated level in the future then just ignore the fluctuations in the price, I have an exit target but nowhere near that, I picked some more up yesterday after checking for any news, I see no reason to sell at the mo.

[its the oxman] 05/6/2019 13:31

Buying opportunity, should be much higher come the next newsflow.

[cc2014] 05/6/2019 12:23

Or a deliberate push down of the share price to make it feel like there's a seller when in fact someone wants to buy alot of stock? It's a common tactic. Similar but different to what happened yesterday whilst successfully drove out alot of sell volume and allowed someone to pick up stock cheap.

The buying algo will then gradually increase the price it's prepared to pay during the day as it knows some people will be happy to sell at say 125, because that's an amazing price compared with 117 earlier, which was completely false.

Even if the sellers don't come out at 125 or whatever, the algo will still see 130 as a good price as that is what is was prepared to pay anyway.

Why do I think this? Because someone bought 5013 shares at 118.85 yet only 3403 shares went through at 117ish to provide them. A MM made a loss on that. They've made a loss on the buys at 119 and 120 too. They don't care though because letting someone making a few quid is peanuts compared to the improved price they are going to pay on average for the large volume of shares they are going to buy.

[rivaldo] 05/6/2019 11:27

Looks like a particularly poorly handled sell programme, which in an illiquid stock like CTO only results in exacerbated falls.

[scottishfield] 05/6/2019 11:21

All v weird, I bought around here yesterday, and I've bought again this morning.

[cc2014] 05/6/2019 11:18

How bizarre. GFRD up 3.4%, Kier up 1.1%, BBY up 1.7%. In fact every single construction, house-building and wholesaler stock in my portfolio is blue today most by around 2% and yet CTO has fallen again.

Do we get a replay of yesterday as the buyers move in late afternoon?

[thorpematt] 04/6/2019 19:46

Fair amount of volume today here. I am guessing some profit taking early on followed by a text book lunch-time tree shake, (usually better on Fridays), no doubt some stops hit in the process.

[cc2014] 04/6/2019 16:43

I'd say there will be a few tomorrow who were quick enough to buy at say 120 who will be happy to sell at 130 but once those are done all the weak sellers are out and we can move on up.

[twistednik] 04/6/2019 16:39

Strong into close, expect a good open tomorrow with the weak hands flushed out today.

[wynmck] 04/6/2019 16:05

interims Aug 6

[cc2014] 04/6/2019 16:02

Interim results 6th August

[twistednik] 04/6/2019 15:57

Yes, good opportunity for a top-up at this level imho.

Won't be at 120p for long once shake is over and buyers return.

[from8to800] 04/6/2019 15:32

When are results/trading update due?

[cc2014] 04/6/2019 14:50

So, usually after such a drop the following happens. Let's see.

The initial fall is someone selling for real. Maybe not that many shares but enough to trigger a stop or too. Then another stop triggers and so on. As we can see here the 10% trailing stops triggered and then even more lower down. Most of those sell trades can't have been people executing real time as people don't tend to sit at the screen watching. So, they are stops. If it was someone with some information who was willing to sell at 110 this morning they sure wouldn't be hanging around to sell at 120 right now.

Then we see buyers kick in scooping up all the really cheap shares sub 120p. That's not a very difficult decision as the price was 133p last night. Now we get to the more difficult part. There will be many buyers sitting on the sidelines ready to buy but are scared in case it falls again, so they wait. As time goes by people become more comfortable it's stop running and over and down with and start buying.

It will probably play out in the last hour as if you are going to buy it's this afternoon as tomorrow morning those who can't screen watch will buy first thing.

Of course, in fairness I'm talking my own book but I can't see what's changed from this morning. Most other construction stocks are up today apart from Kier. Kier closed at 164 last night, hit a low of 147 and is 160 right now, so even Kier is recovering fast and looks like it's got a half chance of going up today.

[dtaliadoros] 04/6/2019 13:35

There big volumns in the drops?