Tclarke Share Discussion Threads

[cheshire man] 02/12/2019 12:26

Wondered why the jump,,,,,,still cheap IMV

[lasmo] 02/12/2019 12:25

I can’t see anything stopping CTO going higher and getting the share price rating it deserves. Expectations associated with post election spending promises, end of year results and IC exposure are all painting a very favourable picture.

[skinny] 02/12/2019 12:23

Right on cue!

[podgyted] 02/12/2019 12:21

ST agrees with you 12:00 today.

[its the oxman] 30/11/2019 23:53

Should be nearer to 150p than 100p.

[janekane] 30/11/2019 15:40

Results were good but the share price is a little out of sink should go higher over the next few months

[cheshire man] 28/11/2019 13:50

Lets hope so mfhmfh, fair few large sells going through today I see

[mfhmfh] 28/11/2019 13:29

seller can clear soon hopefully.

this will fly higher when ST tips it in IC.

[santangello] 28/11/2019 13:24

Distressed seller still off loading....which suits me, I cannot buy more till next Tues :)Agree with posters here that value is way North of current 'artificially held back' price. I am long here.Trading update was very satisfying.

[johndoe23] 28/11/2019 13:09

175p would be my price target too, based on a pe of 10 like you say.Bit surprised the market hasn't warmed a bit more to the trading update...

[battlebus2] 28/11/2019 13:09

Cenkos have 4.4 for 2019 and 4.7 and 5P for 20 and 21

[cwa1] 28/11/2019 12:51

mfhmfh, if you don't mind me asking what dividend figures were they predicting? Cheers

[mfhmfh] 28/11/2019 11:48

N+1 Singer had pointed to full-year adjusted pre-tax profit and EPS rising by 16 per cent to £9.3m and 17.5p in 2019, respectively.

For 2020 N+1 Singer had pre-tax profit and EPS estimates of £9.9m and 18.6p respectively.

RNS today said:

'We expect to report an underlying operating profit before interest and taxation of approximately £10m'

PE ratio of 10 = 175p.

[lasmo] 28/11/2019 10:45

Opening statement from Cenkos
“We effectively re-initiate TClarke on a buy rating against a ‘model fair value' of 136p (20% upside). A positive trading update confirms 2019 consensus and the achievement of target 3% margins. The next leg of growth will focus on revenue expansion (and margin sustainability) which potentially drives high-single digit earnings growth beyond 2021. This is scarcely recognised by a 2021e PE of c6x, dividend yield of 4.4% and FCF yield rising through 9%. The stock has clear attractions on valuation ...”

[effortless cool] 28/11/2019 09:18

Very pleased with the in-line announcement as, in my view, if CTO meet expectations, they are extremely cheap.

I estimate fair value to be in excess of 150p and have added 30k shares to my holding this morning.

[cc2014] 28/11/2019 08:54

All good. The share price hit 140p in June when the directors confirmed their strategy to hit 3% margin this year so now we have evidence they are delivering it (which was never really in doubt but Mr. Market can be fickle) it would be justice to see it go back there.

I see the order book is essentially flat compared with this time last year. I'm fine with that. The directors intent is to increase margin and if the balance is that revenue doesn't go up for a bit that's a very happy compromise imho. Given the current "soft" construction figures it's pretty good in itself to be holding revenue and increasing margin. Shows the strength of their client base and the working relationships that currently exist.

And as we know as soon as the election is done all the political parties are promising far more construcion work and at that point I see the order book picking up (who is going to do all this work?)

[igoe104] 28/11/2019 08:07

Excellent update, certainly no tough times here.

[cheshire man] 28/11/2019 08:02

Excellent update from a well run company :-)

[jeff h] 28/11/2019 07:57

The last N+1 Singer forecast I think was for profits of £9.3m for 2019 and £9.8m for 2020...so already achieved 2020 profit forecast a year early.

[lasmo] 28/11/2019 07:42

Given the market slow down, this is an excellent update. Maintaining the order book in a smaller market means they are increasing market share and taking more work from the competition. Secondly there is no mention of margin erosion. In fact it is the opposite, it’s supporting their year end objective of 3%. The release of additional public sending post election is also a real positive for tclarke.

[rafieh] 28/11/2019 07:36

If not touching 140p, we should at least reach 125 pretty soon.

[rafieh] 28/11/2019 07:05

Trading update sounds as positive as they come.

[santangello] 27/11/2019 10:26

Looking forward to tomorrow....MMs playing games yesterday so I beat them at their own (tree shake, stock shortage) game and added in the Tuesday sales.....

[wfcreserves] 22/11/2019 23:59

Let us hope that Cenkos perform better than they did in the Quindell debacle.