Tclarke Share Discussion Threads

[jeff h] 12/3/2021 14:53

TClarke Healthcare selected for offsite manufacture of major healthcare facility in Chertsey

11/3/21: Featuring modern methods of construction, a strategic collaboration with Premier Modular and specialist TClarke teams from across the UK, this is another highly significant win for TClarke as Rob Faro, Director UK South, explains:

Our selection for this 62-bed Priority Assessment Unit at St Peter’s Hospital in Chertsey is another strong sign that we’re on track with our growth journey and steadily achieving our considerable potential in healthcare across the UK. This win shows how TClarke is spreading its name as an industry leader.

When you combine the principles of offsite manufacturing with complex healthcare engineering, high energy efficiency targets and construction in a live hospital environment, there is a clear requirement for the skills and specialist experience that TClarke has in-house......

[speny] 10/3/2021 14:10

The 100p mark is not only a psychological level, but also a break of what was a downtrend trendline from June to December when price last briefly poked its head about 100p. There was obviously some resistance at that level, although it dropped away from there on relatively low volumes. Not sure if this chart will be visible.

[sphere25] 10/3/2021 12:59

A few buys coming in here, nothing notable. Interestingly the bid has been sat at 100p all week so far without the price falling back.

Does that mean the psychological sellers are finally cleared at 100p? Is it even possible? :-)

All imo
DYOR

[ansc] 10/3/2021 10:02

A few more for me this morning. Baring in mind the forecast dividend, why leave money lying around in a bank/building society earning next-to-nothing.

[varies] 06/3/2021 11:50

I see that Regent Gas is a privately owned gas supply company and wonder why it should want a large shareholding in CTO

[edmundshaw] 06/3/2021 11:11

Yes... but it does give the opportunity to top up whereas some other shares have already risen and can be sold down... at least there is a game to be played.

[cwa1] 05/3/2021 16:23

100p on the offer is still miserable but an improvement on recent performances

[jaf111] 04/3/2021 14:48

Moving up in run up to results (24th March)......hopefully a good sign!

[ansc] 04/3/2021 14:13

CTO is one of my few 'holds' for 2021 so added a couple more to the pot today.

[cwa1] 24/2/2021 07:58

Good to see they are still acquiring stock, they clearly see the value, and perhaps more, here

[jeff h] 23/2/2021 19:39

Regent still acquiring, slipped this out late on:-

[jeff h] 22/2/2021 13:36

Latest contract win announcement from CTO:-



Full year results for 2020 out 24th March.

[jeff h] 18/2/2021 13:28

Sounds and looks good, and once again outside of London:-

[jeff h] 15/2/2021 14:21

Looks like another NHS contract for CTO:-

"Cornwall is to get a £30 million extension to its main hospital to treat patients with cancer, blood diseases and other conditions.

A new MRI suite, 24-bed haematology oncology Ward and associated facilities will be built at the Royal Cornwall Hospital.....BAM said the development will create both local employment and training opportunities, with local companies such as T Clarke, WBM groundworks and Luscombes already appointed."

See falmouthpacket.co.uk/news

With a record order book and new contracts coming in all the time I can see Cenkos lifting its 2021 forecasts some time this year.

[thorpematt] 03/2/2021 11:39

tiswas,
One of the difficulties with that approach is that CTO undertakes works for other construction companies.

If we take the example of rivaldo's above, for the hospital in Exeter, CTO is also undertaking another large, complex project in the same city for a different construction company (kier)





As an independant specialist CTO has relationships with many such organisations. Often they will be the largest sub-contractor on site by some distance.

Although it's its expertise that truly marks it out, its independence is an asset when it comes to it being nominated as contractor of choice. I doubt that other construction companies would see CTO as an preferrd contractor if it were tied to a competitor.


Yes, I think we'll need to be patient in seeking returns but it sits very nicely in the portfolio for me.

[tiswas] 03/2/2021 10:03

rivaldo

I wonder if Sindall would be interested in acquiring CTO. Not many companies on a pe lower than MGNS themselves, probably similar if they offered a 50% premium. Cut out a few central costs and they have a one stop shop and cross selling opportunities?

Not really thought it through to any great extent, just desperate for CTO to have a rerating.

[rivaldo] 03/2/2021 09:32

Nice contract win yesterday - and the link with Morgan Sindall bodes well going forward:



"TClarke wins major engineering services project at Royal Devon and Exeter Hospital

2/2/21: Strong Growth in infrastructure continues with our success working alongside Morgan Sindall Construction to deliver an extension and improvements programme for the Emergency Department for this Devon hospital.

The works, which are phased to allow for continued operation of existing facilities, involve a new three storey 3,500 square metre building, including teaching facilities, eight new resuscitation bays, new plant room and a specialist children’s emergency department, with paediatric bays and a separate reception area.

Along with the Emergency Department improvements we have also been selected to work with Morgan Sindall Construction to deliver a new 4 storey plant room to serve the ICU.

Rob Faro, Director, UK South, commented:

“We have spoken about our ambitions to grow our healthcare business and we are delivering against those ambitions. TClarke has the specific capabilities that the NHS is looking for, including our substantial in-house offsite manufacture operation, expertise in smart and digital buildings, leadership in engineering towards net zero carbon and our proven strength and agility as a supplier.

“Congratulations once again, to our expert healthcare teams who are steadily building success upon success. We take nothing for granted and we will keep on working hard to earn and deserve these successes. This is another excellent project for us, delivering a facility of great value for local people.”

Brian Rice, Regional Director for Morgan Sindall commented:

“We have worked closely with TClarke over the last couple of years to design and plan these complex works at Royal Devon and Exeter Hospital, their attention to detail, engineering expertise, knowledge of healthcare environments, ability to deliver outstanding value and approach to open book collaboration is second to none and we are delighted to have them as part of our team”."

[rivaldo] 28/1/2021 12:28

I bought some of these back today on the dip.

Cenkos' forecast today is for 15.4p EPS this year, with a 4p dividend.

CTO have £10.2m net cash against a £40m m/cap, and most importantly the order books are still rising and now total £456m - CTO apparently already have secured work underpinning 95% of this year's revenues.

That's a very solid place to be going forward.

Hopefully Simon Thompson will feature CTO again soon, and I seem to remember SCSW cover CTO too.

[sphere25] 28/1/2021 11:33

And now we're up again! Farting about.

Agree with that THORPEMATT, would be nice to pick up the quality companies on the cheap, especially those that are putting out really strong statements that have run away quite alot. Suspect there will be big gains to be had this year if the opportunity of cheaper prices came with a correction.

It would be healthy to have a correction too so we can have a more sustainable run this year. The worst case could be no correction and excesses bubbling up even more in the US, to then just pop in some catastrophic way. Who knows how levered up folk are there, but we've all seen how quickly markets get out of control in this new era of machines.

It's all fine and dandy until it is isn't and then....... BANG! The whole thing goes out of control. I suspect we'd be ok in the UK with a smaller pullback here if we were independent of the influence of the US.

We're so connected that shares, which have no connection to the US indices, end up getting clobbered. As primarily a short term trader, I'm trading UK shares off the movements in the S&P alot of the time, particularly when markets get edgy with volatility picking up like this.

It's nuts!

That's the way the market works though so I guess we play the market we're given, but yes, edgy sentiment over here in the spherical camp.

Come on CTO, get out on the investor drive at some point. I'm sure we can get to 120p given enough time on the back of continued bullish statements which the market refuses to price in.

All imo
DYOR

[thorpematt] 28/1/2021 09:03

P.S
FTSE is down big this morning so that's going to outwiegh most good TSs this morning.

= buying opportunities for quality companies if you are lucky.

[thorpematt] 28/1/2021 09:00

I think these types of shares have a tendency to trade on lower PERs than other businesses. This is due to the lack of transparency on long term revenues and of course the risk of one particularly bad contract wiping out earnings.

Traditionally CTO is about a PER of 9.

Presently forward guidance is > 6. Unless you consider the cash pile and then its >5

Judging by the order book there, is a pretty steady stream of work. And hudging by the very small lag in revenues invoicing the lockdown hasn't stemmed it much.

So I’d say those transparency of earnings worries is a little misplaced. I think that in this interest rate environment (where Graham's formula dictates higher PERs are apropriate) that CTO's PER needs to be >10.

But quite what Mr Market thinks I have no idea! and frankly not much concern.

[speny] 28/1/2021 08:53

Solid update, unfortunately markets will likely continue going down today, which will provide buying opportunities for those in for the longer term.

[sphere25] 28/1/2021 08:33

And down it goes.

"The Group anticipates turnover for FY2020 to be circa GBP232m" vs "As stated previously, we anticipate turnover for 2020 to be circa GBP240m"

Delayed revenue. That's the only reason I can see for the fall but surely the market needs to look forward at some point.

This has become the second worst performer now -6%. I'm confident this will come good. Clearly needs another statement or two!

All imo
DYOR

[cwa1] 28/1/2021 08:32

Yikes, down on that statement. Oh well, a few more for me please :-(