Tclarke Share Discussion Threads

[basem1] 14/5/2020 22:04

I would have bought more today but I think there may be a penny or two more to the downside looking at the chart around the 22nd April's level

[basem1] 14/5/2020 21:54

I would be a buyer at 140p never mind 90

[basem1] 14/5/2020 21:51

If anyone can find a cheaper stock than this then I need to be knowing about it. The margins are tight on its business but the headline numbers are phenomenal for a business valued at 40 million

[santangello] 14/5/2020 10:48

Looking very attractive at these levels. I will be able to add early next week when funds materialise from div income elsewhere......and I will be adding as many as possible in the sales here.

[johndoe23] 13/5/2020 15:41

Some excellent posts here, makes a change from all the usual rubbish on other boards!89p ask is tempting here. Construction data is awful but this looks very cheap.

[lasmo] 12/5/2020 14:20

www.tclarke.co.uk/tclarke-wins-major-new-healthcare-relationships/

[podgyted] 11/5/2020 22:54

Well if Regent want to bid they can have my shares - and at less than the 135-160p suggested above.

[basem1] 11/5/2020 19:58

Prime takeover target here ?

[squarepeg86] 07/5/2020 22:16

Thanks for the responses, it really helps to gauge other people's opinions. I understand that obviously in the current climate things are very different and value changes etc too, but it's also hard to put a figure on that. I have held since around early 2018 and have seen the rise to 140ish both times but held when it dropped back. I will hold long term but in hindsight kick myself for not selling and buying back in.Thorpematt, thanks very much for the info, I'll take a look into those books either way as I'm always keen for an investing book to read and learn from. Of course I understand why you wouldn't share a spreadsheet and I wouldn't expect anybody to either, but I am thankful for the figure.I'm my experience, T Clarke has always seemed to go under the radar. Everyone who looks at it seems to agree it's massively under valued and it will spike at some point. The problem is in recent history we've always had a big seller dumping into the rise that's held us back and now they look to have cleared we have a pandemic... Your targets are obviously around the same figure so that's good to know, I guess if it breaks that after testing it twice already then we should expect to enjoy the breakout. I'm well aware this won't be any time soon though, but longer term I definitely see good growth potential here.

[thorpematt] 07/5/2020 20:39

squarepeg86

I spent a long time developing a method to value companies. In the end I came up with one I was happy with and created a spreadsheet which allowed me to (reasonably) quickly value any listed company (excluding banks, oilers, miners)

Much to my surprise, I found that it valued most listed companies within 5 or 10% of their market price.

I am not going to release that spreadsheet for reasons I am sure you aepreciate but i will say this: my model was essentially based upon Ben Graham's work.

Even by following some of the more detailed teachings of Mr Graham, one becomes aware of the need for estimation. The assessment of future earnings is absolutely key to understanding the future value of a business. With contractors (and CTO is one of those despite its diversifications), the outlook is never truly transparent.
Discount for contracting companies and therefore applied PERs are necessarily lower than with other types of listed companies.

So I'll be more helpful than simply recommending you read "the intelligent investor" cover to cover or even more ambitiously "security analysis" and just tell you that in answer to your question £1.35 per share is where I regard this ought to be.

In the present environment, it's not surprising to see a discount here, but considering the sector and the most-likely outcomes coming out of lockdown, I do see that the lack of a significant bounce here is an opportunity for upside in the near to mid term.

[edmundshaw] 07/5/2020 14:38

140-160p is my initial target. If the company continues to hold its position in the market as the number one in smart builing outfitting, who knows in the future?

It is a growth share (at value share rating), but recent viral headwinds have taken their toll on the share price.

[squarepeg86] 07/5/2020 11:03

Does anybody have an opinion of fair value here? Personally I struggle to value a company, as in, put an actual figure on it rather than see potential for it to rise. Simply Wall St gives fair value at £3.33 which we're obviously way off, but I'd also take that with a pinch of salt. I'm just curious how other people's opinions compare.

[santangello] 06/5/2020 19:21

IMF calls for building spree to restart economy



Governments may be forced to spend big on infrastructure to kickstart growth if consumers and businesses remain cautious

[cc2014] 05/5/2020 09:49

Conditional share options over time:
2018 2019 2020
CEO 181,588 119,344 439,601
MD 154,934 101,825 375,000
FD 135,078 88,783 327,075

[edmundshaw] 04/5/2020 11:48

Agree - options should have a price and the price should be contingent on performance. That represents a fair sharing of return for good performance and stops the reward-even-on-failure culture of boards today.

Since they cannot manage their own remuneration properly, the government needs to do something. Theresa May promised to do that (along with many other things) but did nothing in the end.

[cc2014] 01/5/2020 13:31

Huge number of directors nil cost options issued today representing 2.7% of the share capital if they vest in full. I don't like nil cost options however commonplace they are becoming.

[johndoe23] 27/4/2020 15:01

It's still sub 100p to buy

[gelp] 27/4/2020 13:01

How long before sub 100 again!Blink and you miss it!

[johndoe23] 27/4/2020 12:19

Should help although construction data is awful. Looks decent value here but reluctant to pull trigger!!

[igoe104] 27/4/2020 11:47

CTO should continue rise as the construction sector head back to work.

[gelp] 24/4/2020 15:32

Uhm : Interesting moves from Regent Gas. Certainly underpinning just now. Does any one have any idea if this is one of a number of investments or focus of attention.Any one know anything about the Regent owners motivation? Business links? Synergies, Diversification?CTO attractive target at 35 million market cap but really excellent record of profits and dividends in normal times. Long standing supporters will take some persuading to part with their shares .May be Gas business has long term vulnerability and Regent seeking to spread Risks and opportunities. They can go to 29% without having to bid' . I guess they could reverse into CTO!!

[jeff h] 24/4/2020 14:23

From the new Cenkos note published yesterday:-

"...to date, there have been no discernible effects on the business; all work sites are accessible, contractual obligations being met and some 98% of T.Clarke’s direct employ are still actively working."

Edit - oops sorry that was from 19th March so ignore that, though yesterday Cenkos did re-iterate its Buy advice for CTO.

Lasmo asked about Battersea - last I heard was maybe re-commence 27th April, see below:-

[igoe104] 24/4/2020 09:16

Yep over 16% they own now, if your interested in a takeover this is the ideal time to accumulate stock.

[santangello] 24/4/2020 08:55

Regent Gas adding at a pace.......very encoraging.

[igoe104] 23/4/2020 10:52

4th May- I hear.